Monthly Archives: December 2011

2012 Will Be Better

Popular Economics Weekly The elements seem to be in place for a better 2012 economy, despite the euro worries, budget deficits, and 8.6 percent jobless rate. Why?  Banks are lending again, and it was the tight bank credit after bursting … Continue reading

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Greater Equality = Greater Democracy

Financial FAQs A recent Gallup poll said 82 percent of respondents thought economic growth “extremely”, or “very” important, while just 46 percent said reducing the income and wealth gap between rich and poor was extremely or very important. Yet there … Continue reading

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Will Younger Generation Rescue Real Estate?

The Mortgage Corner Privately-owned housing starts in November rose to a seasonally adjusted annual rate of 685,000, which combined with increasing builder sentiment is a sign that children of the baby boomers—the so-called Boomerang or echo boomer generation—may finally be … Continue reading

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Consumers Regaining Financial Health

Popular Economics Weekly Consumers are spending for the holidays. Retail sales in particular have rebounded to almost pre-recession levels. Overall retail sales in November grew 0.2 percent, following a 0.6 percent boost in October (originally up 0.5 percent) and a … Continue reading

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2011—The Year That Wasn’t

Popular Economics Weekly What do we make of this year’s economy, with its ups and downs that have confused even the ‘experts’; and what to make of 2012? Believe it or not, the congressional gridlock that caused the S&P Treasury … Continue reading

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Austerity (That) Doesn’t Work

Financial FAQs It turns out that austerity doesn’t work, when it means tax cuts for the wealthy but spending (and so income) cuts for the rest of US. But austerity does work when applied to the wealthiest who have used … Continue reading

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Elizabeth Warren’s Teach-in

Popular Economics Weekly What better way to understand Elizabeth Warren’s bid for Massachusetts Senator to replace Scott Brown that conduct a Teach-in, much as the OccupyWallStreeters are doing. She stands for what we all need, after all, more knowledge on … Continue reading

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