Tag Archives: Great Recession

Don’t Forget the Consumer!

Popular Economics Weekly “It’s the Consumers, Stupid,” is an oft-repeated mantra being echoed currently by Internet advocates who want to keep Internet access free. But there’s a more important reason to worry about consumer health. Consumers are still way too … Continue reading

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Austerity Must End With Q1 GDP Plunge

Popular Economics Weekly The final Q1 2014 GDP growth estimate of minus (-2.9) percent, down from the second (-1) percent drop, was a shock for several reasons. Firstly, it means our domestic economy is still sputtering, five years after the … Continue reading

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Will Housing Now Lead the Recovery?

The Mortgage Corner There is still hope that housing may help this economic recovery, as it has in past recoveries. But that is only if Fed Chairman Janet Yellen succeeds in keeping interest rates—mortgage rates in particular—at their current low, … Continue reading

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When is Higher Inflation Good?

Financial FAQs The short answer is that higher inflation comes from higher growth rates, and so when an economy expands faster, then prices should also rise faster. Otherwise companies’ profits don’t rise and they won’t want to expand their businesses … Continue reading

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Why Have a Higher Minimum Wage?

Popular Economics Weekly The International Monetary Fund just came out with a depressing prognosis for US economic growth—2 percent this year, and maybe 3 percent next year? Why? A too bad winter, slowdown in the housing market, and stagnant wages. … Continue reading

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Why Low Interest Rates Are Here to Stay

Financial FAQs Some have called it a Putin bond rally. Or it might be new Fed Chairperson Yellen’s determination to keep interest rates as low as possible, until economic prosperity returns to Main Street. It might as well be because … Continue reading

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288,000 Payroll Jobs Created

Financial FAQs Is the Great Recession finally over? It would seem so with total nonfarm payroll employment up by 288,000, and the unemployment rate down by 0.4 percentage point to 6.3 percent in April, the U.S. Bureau of Labor Statistics … Continue reading

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Jobs Recession Finally Over?

Financial FAQs Is the jobs recession finally over? It’s taken this long to bring employment back to pre-Great Recession levels. Overall employment is still slightly below the pre-recession peak (437 thousand fewer total jobs).  But private employment is now above … Continue reading

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The Ryan Budget Myth and Obamacare

Popular Economics Weekly Representative Paul Ryan has come up with his latest Republican budget proposal, and it changes nothing. It neither promotes economic growth, nor reduces the budget deficit, as with past Republican budget proposals. That’s because its real target … Continue reading

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Government Is Missing in Job Creation

Popular Economics Weekly We know now why job creation has been so weak in the recovery from the Great Recession, or Lesser Depression, as some have called it. Governments have lost too many jobs, and that mostly includes public safety … Continue reading

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