Tag Archives: GDP growth

Retail Sales Confirm Holiday Rally

Posted on October 20, 2021 by Popular Economics Weekly

Financial FAQs FRED September retail sales and food services presage a holiday season worth celebrating, despite supply shortages, worker shortages, and the pandemic. Seasonally adjusted retail sales are up 12 percent over last September, which means that the demand for … Continue reading →

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Are We Having a Double-Dip Recession?

Posted on November 30, 2020 by Popular Economics Weekly

Popular Economics Weekly FREDgdp What if we have a ‘double-dip’ recession; i.e., when and if the US economy returns to negative growth in the fourth quarter? Notwithstanding the record 33.1% annualized snapback in real gross domestic product growth in the third quarter … Continue reading →

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Q3 Real GDP Jumps +33 Percent

Posted on October 29, 2020 by Popular Economics Weekly

Popular Economics Weekly Calculated Risk We are not really out of the COVID recession, per Calculated Risk graph, even though the US Bureau of Economic Analysis (BEA) “advance” estimate of third quarter GDP growth increased +33.1 percent. But it’s still … Continue reading →

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The Winter Pandemic is Coming

Posted on October 20, 2020 by Popular Economics Weekly

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 →

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Unemployment Declines, Modest Hiring

Posted on October 2, 2020 by Popular Economics Weekly

Popular Economics Weekly MarketWatch The economy regained 661,000 jobs in September and the unemployment rate fell for the fifth month in a row to 7.9 percent, the government said Friday. It’s the smallest advance since a recovery began in May, with August … Continue reading →

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No Surprises in Q2 GDP. ADP Employment

Posted on October 1, 2020 by Popular Economics Weekly

Financial FAQs FREDGDP The last estimate of Q2 GDP was barely changed, contracting at -31.4 percent vs. -31.7 percent in the second estimate, but that isn’t dampening the stock market, as it looks like the upcoming first estimate of third … Continue reading →

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Who Owns America?

Posted on September 9, 2020 by Popular Economics Weekly

Financial FAQs seekingalpha.com Kurt Andersen’s new best seller, Evil Geniuses, The Unmaking of America (2020, Random House), gives a terrific history of the current Gilded Age we are suffering through that has largely benefited Big Business and its enablers. Just … Continue reading →

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What is This Election Really About?

Posted on September 1, 2020 by Popular Economics Weekly

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 →

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Joblessness to Increase This Fall

Posted on August 29, 2020 by Popular Economics Weekly

Popular Economics Weekly FREDinitialclaims The initial claims for unemployment insurance curve has flattened, rather than continuing to decline as the US economy opens. Not a good sign for future job growth.  Why? The coronavirus infection rate hasn’t declined, in a … Continue reading →

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Alas, The Recovery That Was…

Posted on August 4, 2020 by Popular Economics Weekly

Financial FAQs Reuters.com Because the deadline has passed to renew unemployment benefits enacted by the CARES Act, it looks like there will be no quick economic recovery in the fall. I am supposing the recovery could ultimately be shaped like … Continue reading →

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