Monthly Archives: April 2013

Will U.S. Growth Slow in 2013?

Popular Economics Weekly The naysayers are already at it. First Quarter GDP growth was 2.5 percent, slightly below forecasts. So many pundits are now saying it is a repeat of last year and the year before. An initial growth spurt … Continue reading

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The Iceland Experiment—A Lesson in Austerinomics

Popular Economics Weekly Today’s parliamentary elections in Iceland will pose a difficult choice for Icelanders. Polls show conservatives have the lead—a so-called Center-Right coalition that was in power when Iceland’s own housing bubble burst and its kronar currency lost most … Continue reading

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California Foreclosures Plunging, Sales Rising

The Mortgage Corner The number of California homeowners entering the foreclosure process plunged to the lowest level in more than seven years last quarter, reports DataQuick. The unusually sharp drop in the number of mortgage default notices filed by lenders … Continue reading

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Deflation and Our Plunging Deficit

Popular Economics Weekly The federal budget deficit is shrinking rapidly, says Goldman Sachs Chief Economist Jan Hatzius. And that is not such a good thing at the moment, since the private sector isn’t spending enough. It means this very weak … Continue reading

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Signs of Jobs Surge in 2013

Popular Economics Weekly There are signs the jobs picture will be much improved in 2013, even thought the March unemployment report was disappointing.  The U.S. Bureau of Labor Statistics (BLS) reported in the just released Job Openings and Labor Turnover … Continue reading

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Saving Fannie and Freddie Mac

The Mortgage Corner Fannie Mae (FNMA), or Federal National Mortgage Association, reported a record profit for 2012, a good reason to save the mortgage giant from dissolution, as the banking industry in particular has lobbied for. The government-sponsored enterprise had … Continue reading

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David Stockman’s Crony Capitalism

Popular Economics Weekly Paul Krugman is being too gentle with David Stockman, whose recent New York Times ‘rant’ glorifies the gold standard and denigrates government for standing in the way of putting “free markets and genuine wealth creation back into … Continue reading

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