Monthly Archives: August 2019

Q2 GDP Growth Slowing—What Else?

Popular Economics Weekly BEA.gov The 2nd estimate of second quarter Real Gross Domestic Growth slowed to 2 percent, from 3.1 percent in January. It looks like GDP is slowing to the average rate that has prevailed since the end of … Continue reading

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

Budget Deficits With the Laffer Curve

Financial FAQs Wikipedia There is an economic theory of sorts that helps us to understand why our political parties can’t agree on how to grow an economy that benefits most Americans. It’s called the Laffer Curve, reputedly first drawn on … Continue reading

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

Housing Sales Higher, % Rates Plunging to Zero?

The Mortgage Corner Calculatedriskblog Total July existing-home sales, https://www.nar.realtor/existing-home-sales that include single-family homes, townhomes, condominiums and co-ops, rose 2.5 percent from June to a seasonally adjusted annual rate of 5.42 million in July, according to the National Association of Realtors … Continue reading

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

Will Corporations Become More Responsible?

Popular Economics Weekly Tradingeconomics It is a sea change in economic thinking when corporate CEOs that belong to the Business Roundtable sign a Statement of Purpose to consider more than maximizing their profits, when maximizing corporate profits at the expense … Continue reading

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

United We Stand, Divided We Fall

Answering the Kennedys’ Call The day after last Thursday’s DOW Index plunged 800 points, President Trump Tweeted a request that Israel’s Prime Minister Netanyahu block Congresswomen Ilhan Omer and Rashida Tlaib’s visit to Israel and the West Bank. His action … Continue reading

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

Retail Sales, Consumers Healthy For How Long?

Financial FAQs Consumers now power more than 70 percent of economic activity with the slowdown in manufacturing. Consumers are keeping this economic recovery afloat. There is no question this is because rising incomes and plenty of available jobs have raised … Continue reading

Posted in Uncategorized | Leave a comment

How Low Can Interest Rates Go?

Popular Economics Weekly Calculatedriskblog Why are interest rates so low—not just in the US? It’s been below 0 percent in the northern EU countries and Japan for years because there is little worldwide inflation, which means there’s not sufficient demand … Continue reading

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