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Tag Archives: New Deal
Where is the Inflation?
Financial FAQs Stocks and bonds are rallying, as it looks like inflation is still falling, rather than rising. This is good news for investors, but prices aren’t rising enough to boost economic growth yet. Boosting inflation seems to be the … Continue reading
Posted in Consumers, Economy, Macro Economics, Politics, Weekly Financial News
Tagged CPI, Great Recession, inflation rate, New Deal, PCE Price Index, Roosevelt New Deal
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Don’t Forget the Millennials!
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
Posted in Consumers, Economy, Keynesian economics, Macro Economics, Politics, Weekly Financial News
Tagged FDR, Federal Reserve, GDP growth, Janet Yellen, New Deal, WPA
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Fed Chair Yellen Is the Workers’ Best Friend
Financial FAQs We have just heard from new Federal Reserve Chairperson Janet Yellen in her first official speech entitled, What the Federal Reserve is Doing to Promote a Stronger Job Market. Her speech not only boosted the financial markets, but … Continue reading
Losing Fannie and Freddie—A Terrible Idea
Financial FAQs There was a reason Fannie Mae (Federal National Mortgage Association) and Freddy Mac (Federal Home loan Mortgage Corporation) were government created entities, before they became private corporations in the 1970s. They encouraged homeownership at a time when owning … Continue reading
Posted in Consumers, Housing, housing market, Politics
Tagged CRI, Fannie Mae, Freddie Mac, GSE. mortgage defaults, household debt, household employment report, New Deal
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Wisconsin’s Austerity Lesson
Popular Economics Weekly Governor Scott Walker is having his own problems with the ongoing investigation into staffers using public funds for political campaigning as a County Manager, but it doesn’t seem to faze him as he touts the success of … Continue reading
Posted in Consumers, Economy, Keynesian economics, Politics, Weekly Financial News
Tagged austerity policies, consumer spending, EPI, Henry Ford, household incomes, Income inequality, jobless rate, jobs, New Deal, private nonfarm payrolls, wisconsin deficit, Wisconsin Governor Scott Walker, WPA
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Equality Is Good For Everyone!
Popular Economics Weekly It looks like some states are beginning to take the equality issue seriously again. Massachusetts just raised their minimum wage to $10 per hour, California is raising it to $8.25 over 2 years, with New Jersey and … Continue reading
Social Security Isn’t Dead
Popular Economics Weekly Social Security isn’t dead, or even dying, in spite of the prediction by the Social Security Trustees that it will no longer be able to pay full benefits by 2033. That’s because the Trustees use what are … Continue reading
Next 4 Years—Back to the Future
Financial FAQs President Obama’s victory means it’s Back to the Future for economic as well as social policies. It means he now has the mandate to implement what the electorate chose him for—a functioning government to not only fix disasters … Continue reading
The Wrong Budget Debate
Financial FAQs We are having the wrong budget debate. Washington is not talking about paying down the federal debt, which now totals some $9.5 trillion held publicly. Budget deficits are created when revenues don’t equal spending. So when the focus … Continue reading
Posted in Economy, Macro Economics, Weekly Financial News
Tagged budget deficit, federal debt, Income inequality, New Deal, tax rates
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Where is Harry Truman—Part II?
Popular Economics Weekly What is the case for not providing more additional stimulus spending to boost economic growth? Harvard Econ Prof Gregory Mankiw, former Bush White House economic advisor, gave this rather bizarre prediction for the future behavior of employers … Continue reading
Posted in Consumers, Keynesian economics, Weekly Financial News
Tagged consumer credit, Harry Truman, New Deal, Paul Krugman, PCE, Roosevelt
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