Category Archives: Keynesian economics

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

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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

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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

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What are Corporations Doing With Their Tax Cut?

Popular Economics Weekly Economists are predicting second quarter GDP growth of as much as 3.8 percent, up from 2.2 percent in Q1 2018. But it may be a one-time surge, as all indications are the massive 2017corporate tax cut that … Continue reading

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Trade Wars Kill Future Growth—Part II

Popular Economics Weekly The sad reality is that in initiating trade wars with allies and opponents alike, President Trump could be bringing on the next Great Recession. Because breaking up trade alliances with our allies means less leverage in any … Continue reading

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Trade Wars Kill Future Growth—Part II

Popular Economics Weekly The sad reality is that in initiating trade wars with allies and opponents alike, President Trump could be bringing on the next Great Recession. Because breaking up trade alliances with our allies means less leverage in any … Continue reading

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Boom Times Here with Rising Retail Sales, Inflation

The Mortgage Corner Retail sales jumped 0.8 percent in May which easily tops economists’ estimates. And the results include an upward revision to April which now stands at a 0.4 percent gain, according to Econoday. It is in part due … Continue reading

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