Tag Archives: Federal Reserve

More Jobs–What About Incomes?

Posted on August 2, 2014 by Popular Economics Weekly

Popular Economics Weekly The U.S. in July added 209,000 jobs last month outside the farm sector, the Labor Department said Friday. Although hiring tapered off after a 298,000 gain in June, the U.S. has generated at least 200,000 jobs in … Continue reading →

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Consumer Confidence In A ‘Goldilocks’ Economy

Posted on July 31, 2014 by Popular Economics Weekly

Popular Economics Weekly Once upon a time, the U.S. was considered to have a “Goldilocks” economy that was neither too hot nor too cold; where inflation was moderate, yet there was full employment. This last happened in the late 1990s … Continue reading →

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Don’t Forget the Millennials!

Posted on July 17, 2014 by Popular Economics Weekly

Popular Economics Weekly Fed Chair Janet Yellen’s current congressional testimony is saying the Fed could keep rates low for a long time to come. Why? Because unemployment is still too high, and economic growth too slow at present. The CBO … Continue reading →

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What is Yellen’s Real Unemployment Rate?

Posted on July 3, 2014 by Popular Economics Weekly

Financial FAQs Fed Chairwoman Janet Yellen spoke with IMF President Christine Lagard at an epoch-making conference yesterday. It was epoch-making (with luminaries such a ex-Fed Chair Paul Volcker in attendance), because Ms. Yellen told us which unemployment rate she and … Continue reading →

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Austerity Must End With Q1 GDP Plunge

Posted on June 30, 2014 by Popular Economics Weekly

Popular Economics Weekly The final Q1 2014 GDP growth estimate of minus (-2.9) percent, down from the second (-1) percent drop, was a shock for several reasons. Firstly, it means our domestic economy is still sputtering, five years after the … Continue reading →

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When is Higher Inflation Good?

Posted on June 20, 2014 by Popular Economics Weekly

Financial FAQs The short answer is that higher inflation comes from higher growth rates, and so when an economy expands faster, then prices should also rise faster. Otherwise companies’ profits don’t rise and they won’t want to expand their businesses … Continue reading →

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Will Housing Starts Pick Up?

Posted on June 19, 2014 by Popular Economics Weekly

The Mortgage Corner “An uptick in single-family permits was probably the most important feature of a May residential construction report that was otherwise somewhat softer than our forecast,” says the research firm, Wrightson ICAP. Total housing starts fell 6 percent … Continue reading →

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Why Low Interest Rates Are Here to Stay

Posted on May 6, 2014 by Popular Economics Weekly

Financial FAQs Some have called it a Putin bond rally. Or it might be new Fed Chairperson Yellen’s determination to keep interest rates as low as possible, until economic prosperity returns to Main Street. It might as well be because … Continue reading →

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288,000 Payroll Jobs Created

Posted on May 2, 2014 by Popular Economics Weekly

Financial FAQs Is the Great Recession finally over? It would seem so with total nonfarm payroll employment up by 288,000, and the unemployment rate down by 0.4 percentage point to 6.3 percent in April, the U.S. Bureau of Labor Statistics … Continue reading →

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Capital in 21st Century

Posted on April 23, 2014 by Popular Economics Weekly

Popular Economics Weekly All the hullabaloo re Thomas Piketty’s master economic work, Capital in the 21st Century has overlooked its real importance. Economics is finally becoming a science, rather than just social science based more on theories and formulas (such … Continue reading →

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