Monthly Archives: July 2012

Romney’s 5-Point Plan—Very Primitive Economics

Financial FAQs Romney’s “Five Point Plan to Grow the Economy” that he touts on his website, is primitive economics almost beyond belief. It returns us to 19th century government of the few by the few with few regulations or insurance … Continue reading

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Why the Summer Growth Slowdown?

Financial FAQs The summer growth numbers seem weak, and pundits are saying it’s due to the European recession (so lower exports), the ‘fiscal cliff’(employers uncertain about future growth), and consumers with too much debt. But the numbers really show a … Continue reading

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Gun Violence Has Too Many Causes

Popular Economics Weekly The shooting in Aurora’s Central Theatres is not something “impossible to understand” as was said by Denver’s Mayor just after the massacre, if we look at the culture of violence that has made U.S. the most violent … Continue reading

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HARP 2.0 Leads Mortgage Refinance Higher

The Mortgage Corner There is growing optimism that the real estate bust is finally at an end. The cause is a combination of record low interest rates leading to more refinance activity and increasing confidence of consumers in the economic … Continue reading

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Consumers Becoming Healthier—Part II

Financial FAQs Consumers seem to be doing better, as I said last week, in spite of their worries about jobs, the economy and budget deficits (their own more than governments’). Consumer credit jumped $17.1 billion in May for the largest … Continue reading

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Consumers Are Doing Fine

Financial FAQs Consumers seem to be doing fine, in spite of their worries about jobs in the latest University of Michigan sentiment survey, the economy and budget deficits (their own more than governments’). June average hourly earnings improved to a … Continue reading

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What Do June Jobs Numbers Mean?

Financial FAQs Is history repeating itself? Once more the June jobs numbers don’t look so good, but once more they will probably be misleading. Because, once more, it looks like the so-called seasonal adjustments (SA) are overestimating the summer jobs … Continue reading

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