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Tag Archives: economics
A Better Economy For Whom?
Popular Economics Weekly “…in going from the Biden Administration to the Trump Administration, we have traded an economy that disproportionately benefited low-income workers to one that disproportionately benefits the well-off (particularly those who own a lot of stocks).” Paul Krugman … Continue reading
Equality Is Good For Everyone!
Answering Kennedy’s Call “And on the tax front, it’s time for rich people like me to pay more.” Mitt Romney Getty/Bettmann This quote from a recent NYTimes Mitt Romney Op-ed is my Christmas message: Equal opportunity hasn’t been available to … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged budget deficit, consumer spending, economics, Economy, Federal Reserve, GDP growth, gini inequality index, Great Recession, history, Income inequality, inequality, inflation, interest rates, Mitt Romney, Politics, poverty, tariffs, unemployment report
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U.S.Economy Adds Jobs in September
Popular Economics Weekly “…while the economy is growing thanks to AI spending, it’s a K-shaped expansion: People who were already affluent are becoming more so, but the less well-off are under severe pressure.” Paul Krugman FREDnonfarmpayrolls The delayed U.S. … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged consumer spending, economics, Economy, Federal Reserve, finance, GDP growth, inflation, interest rates, news, unemployment report
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Why the Recession Calls?
Financial FAQs The Conference Board’s Index of Leading Economic Indicators (LEI), a read on actual economic data rather than an opinion survey like its Consumer Confidence Index, has called a recession. Its Consumer Confidence Index is hinting at the same. … Continue reading
Are We in a Recession?
Financial FAQs “The preliminary estimate of the Current Employment Statistics (CES) national benchmark revision to total nonfarm employment for March 2025 is -911,000 (-0.6 percent), the U.S. Bureau of Labor Statistics reported today. BLS.gov FREDunemployment There was a lot of … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged consumer spending, economics, Economy, Federal Reserve, finance, GDP growth, inflation, interest rates, investing
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This Inflation Isn’t Temporary–Part II
Popular Economics Weekly From the same month one year ago, the PCE price index for July increased 2.6 percent. Excluding food and energy, the PCE price index increased 2.9 percent from one year ago. BLS.gov BLS.gov The PCE price index is one … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged consumer spending, economics, Economy, Federal Reserve, finance, GDP growth, inflation, interest rates, investing, personal consumption expenditures, tafiffs, unemployment report, unemployment report. unemployment report
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This Inflation isn’t Temporary
Popular Economics Weekly The Producer Price Index for final demand rose 0.9 percent in July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices were unchanged in June and moved up 0.4 percent in May. BLS.gov … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged consumer spending, economics, Economy, Federal Reserve, finance, GDP growth, inflation, interest rates, investing, Politics
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What is Q3 Growth To Be?
Popular Economics Weekly “The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2025 is 2.5 percent on August 5, up from 2.1 percent on August 1. GDPNow AtlantaFedGDPNow Predictions for third quarter GDP economic … Continue reading
The Return of Stagflation
The Mortgage Corner “From the same month one year ago, the PCE price index for June increased 2.6 percent. Excluding food and energy, the PCE price index increased 2.8 percent from one year ago.” BEA.gov FREDpceinflation President Trump hasn’t succeeded in convincing … Continue reading
Posted in Consumers, COVID-19, Economy, Housing, Politics, Weekly Financial News
Tagged consumer spending, economics, Economy, Federal Reserve, finance, GDP growth, Great Recession, inflation, interest rates
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Second Quarter Growth No Big Deal
Financial FAQs “Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2025 (April, May, and June), according to the advance estimate released by the U.S. Bureau of Economic Analysis. In the first … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged consumer spending, economics, Economy, Federal Reserve, GDP growth, Great Recession, inflation, interest rates, Politics, tariffs
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