Monthly Archives: August 2017

Retail Sales Back, But Not Consumers

The Mortgage Corner It turns out consumers decided to shop again in July, as retail sales surged in all categories. This includes online sales these days, as retailers adapt to the new reality that one large store size doesn’t fit … Continue reading

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Why the Greater Lawlessness?

Popular Economics Weekly We knew as far back as Nixon’s Watergate that the Republican party harbors a lawless tendency when it suits them. Why else would President Reagan engineer the illicit Iran contra arms deal with the Ayatollah Khomeini, or, … Continue reading

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What Happened to Rising Wages?

Popular Economics Weekly Everything should point to higher wages and salaries ahead for employees with a 4.3 percent unemployment rate and record corporate profits, but corporate profits go mainly to their executives and owners (and their stockholders) these days. The … Continue reading

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More Job Openings, Fewer Hirings Mean What?

Popular Economics Weekly The job market continues to fluctuate, as job openings rose sharply in June to 6.163 million from 5.702 million in May. Hires, however, fell sharply, to 5.356 million from 5.459 million. This data set can be volatile … Continue reading

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Another Great Jobs Report?

Financial FAQs No economist predicted another 209,000 private payroll jobs would be created in July, or that the last 2 months’ total would be 431,000, or the y-t-d total would be 1,290,000 payroll jobs created this year. But they should … Continue reading

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Great Q2 GDP Growth, But Q3?

Popular Economics Weekly Second quarter GDP came in at a 2.6 percent annualized growth rate. This is one of the best showings of the last 2 years and keeps overall growth at 2 percent; because first quarter’s growth was downwardly … Continue reading

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