Tag Archives: Great Recession

The Return of Stagflation

The Mortgage Corner “From the same month one year ago, the PCE price index for June increased 2.6 percent. Excluding food and energy, the PCE price index increased 2.8 percent from one year ago.” BEA.gov FREDpceinflation President Trump hasn’t succeeded in convincing … Continue reading

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Second Quarter Growth No Big Deal

Financial FAQs “Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2025 (April, May, and June), according to the advance estimate released by the U.S. Bureau of Economic Analysis. In the first … Continue reading

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A Better Jobs Report?

Popular Economics Weekly “Total nonfarm payroll employment increased by 147,000 in June, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in state government and health care. Federal government … Continue reading

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Interest Rates Coming Down?

The Mortgage Corner “Existing-home sales rose in May, according to the National Association of REALTORS®. Sales elevated in the Northeast, Midwest and South, but retreated in the West. Year-over-year, sales progressed in the Northeast and Midwest but contracted in the … Continue reading

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U.S. Already in Recession?

Financial FAQs The Conference Board Leading Economic Index® (LEI) for the US ticked down by 0.1% in May 2025 to 99.0 (2016=100), after declining by 1.4% in April (revised downward from –1.0% originally reported). The LEI has fallen by 2.7% in … Continue reading

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No Art of the Deal?

Financial FAQs “It’s 100 days into the Trump Presidency and looking more and more like President Trump is no more effective at running the country than his business interests. His book, The Art of the Deal, was meant to tout his negotiating … 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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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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Why a Recession?

Financial FAQs “The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -2.4 percent on April 9, up from -2.8 percent on April 3. AtlantaFed The Atlanta Federal Reserve’s GDPNow graph of estimated … Continue reading

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Why the Shock and Awe?

Financial FAQs “White House aide Peter Navarro said Sunday that he expects President Donald Trump’s tariffs to bring in $6 trillion in revenue in the next decade, which could amount to the largest tax hike in US history. CNN The … Continue reading

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