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Categories
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Tag Archives: COVID-19
Trump Copies Putinism
Popular Economics Weekly “Russian mathematician and Putin critic Andrey Piontkovsky characterized Putinism as “the highest and final stage of bandit capitalism in Russia; and also as a war, ‘consolidation’ of the nation on the ground of hatred against some ethnic group, … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged black plague, budget deficit, capitalism, coronavirus, COVID-19, Donald Trump, economic growth, Economy, EPIDEMICS, Federal Reserve, finance, flu, GDP growth, history, inequality, inflation, interest rates, pandemic, Politics, poverty, Recession, Russia, Spanish Flu, tariffs, Trump
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Retail Sales, Manufacturing Recovering, But What’s Next?
Financial FAQs FREDretailsales Retail sales jumped 5.1 percent year-over-year in October, which means this recovery is much stronger than forecast. But the question for economists will be, can it continue with the ongoing winter COVID-19 surge? It’s incredible that consumers … Continue reading
Posted in Consumers, Economy, Keynesian economics, Politics
Tagged COVID-19, Income inequality, retail sales
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There are Plenty of Available Jobs!
Financial FAQs Calculated Risk The 6.4 million job openings on the last business day of September, were “little changed” from prior months, the U.S. Bureau of Labor Statistics reported yesterday. But it is below the 7 million job openings in … Continue reading
When Will Our Economic Civil War End?
Answering the Kennedys’ Call @WIL_inequality When Joe Biden becomes our new President in January 2021 and signals an ambitious ‘new’ new deal to rebuild America, the economic civil war that reached a high point with this presidential election has to … Continue reading
Posted in Consumers, Economy, Keynesian economics, Politics
Tagged 1918 Spanish flu, COVID-19, Great Depression, Great Recession, Income inequality
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How Will US Economy Survive COVID-19?
Popular Economics Weekly FREDpersonalconsumption The US economy must first survive this pandemic before it will benefit most Americans. Some sectors are doing better, but ignore the financial market swings, which benefit 401(k)s, but not most Americans. Advance estimates of U.S. … Continue reading
Posted in Consumers, Economy, Politics, Weekly Financial News
Tagged consumer spending, COVID-19, PCE Price Index
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End of the Age of Narcissism–Part II?
Answering the Kennedys’ Call USAToday South Dakota’s Sturgis Motorcycle Rally this August was notable for the estimated 450,000 attending during the COVID-19 pandemic. It happened in spite of the almost unanimous warnings given by public health officials that it could … Continue reading
Posted in Macro Economics, Politics, Uncategorized
Tagged COVID-19, New Deal, republican party, Teddy Roosevelt
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The Winter Pandemic is Coming
Financial FAQs COVIDTrackingProject There is little doubt that this fall and winter will show a surge in pandemic illnesses and deaths. States in the Midwest and South will hurt the most, but also some northern states like Montana, North and … Continue reading
Posted in Consumers, Economy, Politics, Weekly Financial News
Tagged COVID-19, GDP growth, Great Depression
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Will We Repeat the Spanish Influenza Pandemic?
Answering the Kennedys’ Call Early in Bob Woodward’s just released best-seller, Rage, President Trump said he knew by February that COVID-19 could act much like the Spanish influenza pandemic of 1918-19. It was estimated to have killed 675,000 Americans and … Continue reading
What is This Election Really About?
Answering the Kennedys’ Call #eisenhower Now is the time to cure our record income and wealth inequality, since it’s not only adversely affecting the most vulnerable during this pandemic—including our mostly low-income essential health care and public safety workers—but overall … Continue reading
Posted in Economy, Keynesian economics, Politics, Uncategorized
Tagged COVID-19, GDP growth, Great Recession, tax rates
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Happy Consumers Are the Key…
Popular Economics Weekly FREDretailsales Are we heading for a fall in the Fall when the ordinary flu season begins? The chickens may be coming home to roost, as the saying goes, because the US economy opened to soon. Retail sales … Continue reading
Posted in Consumers, Economy, Politics, Weekly Financial News
Tagged Consumer sentiment, COVID-19, influenza, pandemic, retail sales
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