Tag Archives: finance

This Inflation Isn’t Going Away

Popular Economics Weekly “The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent on a seasonally adjusted basis in December, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased … Continue reading

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Where Are the Jobs?

Financial FAQs “Both total nonfarm payroll employment (+50,000) and the unemployment rate (4.4 percent) changed little in December, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in food services and drinking places, health care, and … Continue reading

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Too Few Jobs

Financial FAQs “The number of job openings was little changed at 7.1 million in November, the U.S. Bureau of Labor Statistics reported today. Over the month, hires were little changed and total separations were unchanged at 5.1 million each.” BLS.gov … Continue reading

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Equality Is Good for Everyone–Part II

Popular Economics Weekly “Nineteen states will increase their minimum wages on January 1, boosting earnings for more than 8.3 million workers by a total of $5 billion. In addition, 47 cities and counties will raise their minimum wages, adding to the … Continue reading

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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

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Where is the Inflation?

Financial FAQs “When I took office, inflation was the worst in 48 years, and some would say in the history of our country. President Donald Trump FREDcpi No, just a cursory look at the St. Louis Fed’s above graph of the … Continue reading

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Where Are the Jobs?

Financial FAQs “Total nonfarm payroll employment changed little in November (+64,000) and has shown little net change since April, the U.S. Bureau of Labor Statistics reported today. In November, the unemployment rate, at 4.6 percent, was little changed from September. … Continue reading

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The Great Recession Lesson

Financial FAQs “Irrational Exuberance. Economists who adhere to rational-expectations models of the world will never admit it, but a lot of what happens in markets is driven by pure stupidity – or, rather, inattention, misinformation about fundamentals, and an exaggerated … Continue reading

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Still Flying Blind–Part II

Financial FAQs “Hiring has been choppy of late as employers weather cautious consumers and an uncertain macroeconomic environment. And while November’s slowdown was broad-based, it was led by a pullback among small businesses.” ADP wallpaperaccess.com We know why consumer confidence … Continue reading

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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

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