Category Archives: Politics

Alas, The Recovery That Was…

Financial FAQs Reuters.com Because the deadline has passed to renew unemployment benefits enacted by the CARES Act, it looks like there will be no quick economic recovery in the fall. I am supposing the recovery could ultimately be shaped like … Continue reading

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When Will Growth Return?

Financial FAQs FRED-MarketWatch The headline decline in Q2 GDP growth only touches the surface of what economic growth to expect this fall and winter. The drop of minus -32.9 percent was inevitable with the pandemic lockdowns, but not the severity … Continue reading

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Consumer Confidence in Decline

Popular Economics Weekly FRED There are a number of reasons that consumers are becoming more fearful after that initial boost of spending with the spring holidays. It’s not only the prospect of a COVID-19 resurgence in the fall when we … Continue reading

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Our ‘Whac-A-Mole’ Recovery

Financial FAQs FREDinitialclaims Initial jobless claim for the week ending were slightly up at 1,416,000 for the week ending July 18, which means that the reversals of business openings as COVID-19 infection rates soar again have flattened the wrong curve—applications … Continue reading

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Who Says There’s No Leadership?

Answering the Kennedys’ Call http://www.nippon.com Critics of the Trump administration and its Republican Party enablers have it exactly backward when they say the federal government isn’t leading the effort to control the novel coronavirus pandemic. They have in fact been … Continue reading

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“When Will We Ever Learn?”

Answering the Kennedys’ Call @TBPInvictus Bob Dylan wrote his ode to ending wars, Where Have All the Flowers Gone? in the 1960s but it could just as well apply to today’s war against the novel coronavirus pandemic that is killing … Continue reading

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“When Will We Ever Learn?”

Answering the Kennedys’ Call @TBPInvictus Pete Seeger first wrote his ode to ending wars, Where Have All the Flowers Gone? in 1955 but it could just as well apply to today’s war against the novel coronavirus pandemic that is killing … Continue reading

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COVID-19—WHO Wins?

Popular Economics Weekly https://twitter.com/jfkirkegaard Conquering the pandemic really means depending on the cooperation across borders of races and ethnicities that separate regions and countries. COVID-19 is winning the battle in those countries and states with the worst outbreaks that believe … Continue reading

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Why So Much Inequality?

Financial FAQs Wrightson/ICAP Nobel Laureate and NYTimes columnist Paul Krugman has said it would probably take something on the scale of an alien invasion to create the emergency programs and policies that would benefit all Americans, such as another New … Continue reading

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Job Losses Still Too High

Popular Economics Weekly St.LouisFRED The U.S. economy is recovering very slowly, in part because the number filing for first-time unemployment benefits is still too high (see above graph). Why? Businesses are still shedding workers because the COVID-19 pandemic is not … Continue reading

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