Monthly Archives: April 2020

When Will Consumers Recover?

Popular Economics Weekly BEA.gov The key to a robust recovery will depend on how American consumers react to the novel coronavirus pandemic and business shutdown. We were slipping into a recession, anyway. COVID-19 just sped up the inevitable results of … Continue reading

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How Do We Recover From This War—Part II?

Answering the Kennedys’ Call MarketWatch “Every human society must justify its inequalities: unless reasons for them are found, the whole political and social edifice stands in danger of collapse, says economist Thomas Piketty in his latest book, “Capital and Ideology” … Continue reading

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When Will Housing Recover?

The Mortgage Corner CalculatedRiskBlog The housing market is also in a “medically induced coma” (economist Paul Krugman’s term), as is most of our economy. However, I believe housing will recover sooner than other parts of the economy, because Americans still … Continue reading

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How Do We Recover From This War?

Answering the Kennedys’ Call Equitable Growth Robert Hormat, a former ambassador and national security advisor in three administrations, has warned in a recent article that we are already fighting a Third World War. “This is not a confrontation of countries … Continue reading

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“It’s Not About Me…”

Popular Economics Weekly FRED New York Governor Andrew Cuomo is sounding like President Roosevelt when he intones, “It’s not about me, it’s about we.” in his morning COVID-19 press conferences. President Roosevelt most famously said, “The only thing we have … Continue reading

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Collaboration vs. Confrontation—Who Wins?

Financial FAQs theverge.com Is the era of trickle-down economics, of Reagonomics that saw so much wealth redistributed to the top 1 percent, finally ending? Yes, if we want to really ‘cure’ the pandemic decimating the U.S. and world economies, because … Continue reading

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Consumer Sentiment in the Dumps

Financial FAQs MarketWatch Consumer sentiment is plunging.  And why not? With an additional 6.6 million initial unemployment compensation claims this week, it brings the total in just the past three weeks to 16.8 million since the COVID-19 national lockdown of … Continue reading

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When Will it End?

Popular Economics Weekly COVID-19 Tracking Project/Calculated Risk When will the pandemic end and recovery begin, is the question asked of every expert and non-expert.  Foremost of the experts is former Federal Reserve Chairman Janet Yellen who in a recent CNBC … Continue reading

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U.S. Loses 701,000 Jobs in March

Financial FAQs MarketWatch Total nonfarm payroll employment fell by 701,000 in March, and the unemployment rate rose to 4.4 percent, the U.S. Bureau of Labor Statistics reported today. The changes in these measures reflect the effects of the coronavirus (COVID-19) … Continue reading

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Housing in the Time of COVID-19

The Mortgage Corner Wolf Street I reported in January that housing construction was slowly recovering, in part due to the extreme housing shortage and record low interest rates. Well, rates are even lower today, but purchase applications are now plunging … Continue reading

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