Monthly Archives: July 2018

Better Economic Growth Ahead?

Popular Economics Weekly Real gross domestic product increased at an annual rate of 4.1 percent in the second quarter of 2018, according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased … Continue reading

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

Housing Sales Are Slowing

The Mortgage Corner Existing-home sales decreased for the third straight month in June, as declines in the South and West exceeded sales gains in the Northeast and Midwest, reports the National Association of Realtors. The ongoing supply and demand imbalance … Continue reading

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

The Dire Consequences of Record Income Inequality

ANSWERING the KENNEDYS CALL In a new Economic Policy Institute report entitled The New Gilded Age, income inequality has risen in every state since the 1970s, and in most states it has continued to grow in the post–Great Recession era. … Continue reading

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

US Economic Self-Destruction Imminent?

Financial FAQs The International Monetary Fund has just warned that President Trump’s trade wars could cost the world’s economies some $430B in lost growth. The Washington-based organisation said the current threats made by the US and its trading partners risked … Continue reading

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

Is 4% GDP Growth Real?

Popular Economics Weekly Graph: Econoday Many economists, including Trump economic advisor Larry Kudlow, are predicting up to 4 percent economic growth over the next few quarters. Why? Full employment is enticing consumers to buy more, with booming retail sales and … Continue reading

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

Inflation On the Rise

The Mortgage Corner Inflation is finally rising enough to bite into consumers’ paychecks. It is also a sign that economic growth is increasing at least temporarily, as consumers borrow more to buy more. But the bottom 50 percent of income … Continue reading

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

ANSWERING the KENNEDYS CALL

We are announcing a new blog series—ANSWERING THE KENNEDYS CALL. It will report on what is being done today to address the problems that deal with record income inequality, immigration and civil rights, environment protection, and the rebuilding of local … Continue reading

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