Monthly Archives: May 2018

What Happened to Robin Hood?

Popular Economics Weekly Graph: Mother Jones The Brits in particular must be wondering what happened to Robin Hood, the legendary champion of the poor, who robbed the rich to give to the poor during medieval times when nobles ruled their … Continue reading

Posted in Consumers, Economy, Keynesian economics, Politics | Tagged , , , , , , , | Leave a comment

The Price of Incompetence

Popular Economics Weekly Graph: Tax Policy Center Bullying doesn’t win negotiations, or much else for that matter. Now we have President Trump’s on-again, off-again summit meeting with North Korea after attempting to bully the N. Koreans into giving up their … Continue reading

Posted in Politics, Uncategorized | Tagged , , , | Leave a comment

April Housing Sales Slow

The Mortgage Corner Graph: Econoday The above graph says it all. With rising interest rates, housing sales are slowing a bit. Total existing-home sales, https://www.nar.realtor/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 2.5 percent … Continue reading

Posted in Consumers, Housing, housing market, Weekly Financial News | Tagged , , , | Leave a comment

Housing Construction, Leading Economic Indicators Still Strong

The Mortgage Corner Graph: Econoday The residential housing market is still starving—of supply, that is. Not enough homes are being built to meet the surging demand of new households from both millennials and immigrants. This is when construction starts fell … Continue reading

Posted in Consumers, Housing, housing market, Weekly Financial News | Tagged , , , , , | Leave a comment

April Retail, Consumer Spending Just Ok

Popular Economics Weekly Graph: Marketwatch Consumers have to do better, if GDP growth is to exceed 3 percent, as the recent tax cut bill promised. Consumer spending was weak in the first quarter and the first look at the second … Continue reading

Posted in Consumers, Economy, Housing, Weekly Financial News | Tagged , , | Leave a comment

Our ‘Drip-Down’ Economy

Popular Economics Weekly Graph: Marketwatch The results are already in on the current administrations tax and economic policies. They are carrying Ronald Reagan’s trickle-down economy to an even lower level. Let’s call it the ‘Drip-Down Economy’, since none of the … Continue reading

Posted in Consumers, Economy, Politics, Weekly Financial News | Tagged , , , , , , | Leave a comment

A 17-year Low Jobs Rate

Popular Economics Weekly Graph: Market.com Total nonfarm payroll employment increased by 164,000 in April, and the unemployment rate edged down to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, manufacturing, … Continue reading

Posted in Consumers, Economy, Weekly Financial News | Tagged , , , , | Leave a comment