Tag Archives: economics

Worried Consumers Shop Less

Popular Economics Weekly “Disposable personal income (DPI)—personal income less personal current taxes—decreased $125.0 billion (0.6 percent) and personal consumption expenditures (PCE) decreased $29.3 billion (0.1 percent).” BEA.GOV We are seeing one of the classic signs of a looming recession—consumers are … Continue reading →

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First Quarter Growth Revised Lower

Financial FAQs “Real gross domestic product (GDP) decreased at an annual rate of -0.5 percent in the first quarter of 2025 (January, February, and March), according to the third estimate released by the U.S. Bureau of Economic Analysis. In the fourth … Continue reading →

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Trump’s Big Beautiful Bill?

Answering Kennedy’s Call “The House has now passed what must surely be the worst piece of legislation in modern U.S. history. Millions of Americans are about to see crucial government support snatched away. A significant number will die prematurely due … Continue reading →

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Who Needs a Tax Cut?

Popular Economics Weekly “A bill that cuts federal income taxes for middle-class families makes absolutely no sense, except as a sad way of camouflaging the real intent of the bill: Giving millions of dollars to the very wealthy, who happen … Continue reading →

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What’s Next?

Financial FAQs “The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 1.1 percent on May 1, down from 2.4 percent on April 30.” AtFedGDPNow What’s next for economic growth? Predictions for Q2 … Continue reading →

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It’s Trump’s Economy Now

Popular Economics Weekly “Real gross domestic product (GDP) decreased at an annual rate of -0.3 percent in the first quarter of 2025 (January, February, and March), according to the advance estimate released by the U.S. Bureau of Economic Analysis. In the … Continue reading →

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A Place of Tolerance and Understanding

Answering Kennedy’s Call “I believe our political divide can be repaired. But our leaders must act with moral clarity and take their cues from the good people of this nation, who in times of tragedy always seem to find our … Continue reading →

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Higher Tariffs = Stagflation

Financial FAQs “Any tariff causes consumers to shift from imported goods to domestically produced alternatives that are more expensive, inferior in quality, or just not quite what they want. But with a low tariff domestic alternatives will be only a … Continue reading →

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Republicans’ Unchecked Greed

Popular Economics Weekly “George Will, the conservative pundit, gave the best description of Trump’s incompetence in a Washington Post Op-Ed: “It is urgent for Americans to think and speak clearly about President Trump’s inability to do either. This seems to be not … Continue reading →

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Republicans Don’t Pay Their Bills

Financial FAQs “The new law will reduce federal revenues by significant amounts, even after allowing for the impact on economic growth. It will make the distribution of after-tax income more unequal. If it is not financed with concurrent spending cuts … Continue reading →

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