Tag Archives: GDP growth

Our ‘Whac-A-Mole’ Recovery

Posted on July 23, 2020 by Popular Economics Weekly

Financial FAQs FREDinitialclaims Initial jobless claim for the week ending were slightly up at 1,416,000 for the week ending July 18, which means that the reversals of business openings as COVID-19 infection rates soar again have flattened the wrong curve—applications … Continue reading →

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What ‘V’– Shaped Recovery?

Posted on July 16, 2020 by Popular Economics Weekly

Popular Economics Weekly FREDInitialClaims It’s becoming obvious to me there will be no ‘V’ shaped economic recovery with positive GDP growth resuming in the fall and winter quarters, after the plunges we are seeing in Q1 and projected Q2 growth. … Continue reading →

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Job Losses Still Too High

Posted on June 25, 2020 by Popular Economics Weekly

Popular Economics Weekly St.LouisFRED The U.S. economy is recovering very slowly, in part because the number filing for first-time unemployment benefits is still too high (see above graph). Why? Businesses are still shedding workers because the COVID-19 pandemic is not … Continue reading →

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Economic Recovery Picks Up Steam

Posted on June 16, 2020 by Popular Economics Weekly

Popular Economics Weekly FREDUMich The head of steam analogy seems to be working for our economic recovery, as consumers let off steam after two months of staying at home with a burst of shopping activity from the re-openings. We said … Continue reading →

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The Recession Has Arrived, No Big Surprise!

Posted on June 11, 2020 by Popular Economics Weekly

Financial FAQs The Dow plunged 1,862 points on Thursday, as the Business Cycle Dating Committee of the National Bureau of Economic Research, which maintains a chronology of the peaks and troughs in economic activity in the United States, had just … Continue reading →

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Will Economic Growth Return in Fall?

Posted on May 29, 2020 by Popular Economics Weekly

Financial FAQs Wrightson.com The second estimate of first quarter real GDP growth was revised to a negative -5.0 percent from its initial estimate of -4.8 percent, with the decline in consumer services the main culprit. It only hints at how … Continue reading →

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Will Those Jobs Return?

Posted on May 25, 2020 by Popular Economics Weekly

The Mortgage Corner Wrightson.com Initial claims for unemployment benefits fell by just 249K to 2.438 million in seasonally adjusted terms in the week of May 16, as the businesses begin to reopen in all 50 states.  The aggregate level of … Continue reading →

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The Coming Greater Depression?

Posted on May 8, 2020 by Popular Economics Weekly

Popular Economics Weekly MarketWatch.com Minnesota Fed Governor Neal Kashkari believes the COVID-19 pandemic doesn’t have to bring on another Great Depression. But it will still take some 18 months to recover, and only if Americans are able to cooperate in … Continue reading →

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When Will Consumers Recover?

Posted on April 29, 2020 by Popular Economics Weekly

Popular Economics Weekly BEA.gov The key to a robust recovery will depend on how American consumers react to the novel coronavirus pandemic and business shutdown. We were slipping into a recession, anyway. COVID-19 just sped up the inevitable results of … Continue reading →

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A New Year’s Wish—Greater Prosperity for All of US!

Posted on December 26, 2019 by Popular Economics Weekly

Popular Economics Weekly Although this cannot happen until results of the 2020 presidential election overturn a Republican Senate, I wish for something that President Eisenhower has said best. With higher tax rates that prevailed in the 1950-1970s, corporations in the … Continue reading →

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