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Tag Archives: CBO
What ‘V’– Shaped Recovery?
Popular Economics Weekly FREDInitialClaims It’s becoming obvious to me there will be no ‘V’ shaped economic recovery with positive GDP growth resuming in the fall and winter quarters, after the plunges we are seeing in Q1 and projected Q2 growth. … Continue reading
Posted in Consumers, Economy, Weekly Financial News
Tagged CBO, COVID-19, GDP growth, Great Recession
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Laffernomics and Tomorrow’s GDP Estimate
Financial FAQs The decline of so-called Laffernomics, an economic theory first proposed by conservative economist Arthur Laffer in 1974, posited in so many words that lower tax rates of the wealthiest, in particular, would increase overall tax revenues as well … Continue reading
Posted in Consumers, Economy, Keynesian economics, Politics, Weekly Financial News
Tagged CBO, Disposable personal income, GDP growth, laffer curve
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Interest Rates Dangerously Low?
Popular Economics Weekly Graph: FRED Why should historically low interest rates be a problem, you say? Doesn’t that help consumer demand by enabling consumers to buy more by borrowing more cheaply, and economic growth by encouraging companies to create more … Continue reading
Posted in Consumers, Economy, Politics, Weekly Financial News
Tagged CBO, federal debt, interest rates, New York Federal Reserve
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Has dismantling of American health care system begun?
Financial fAQs We now know that the revised Republican repeal of Obamacare is really intended to dismantle and perhaps destroy any federally-funded health care program, which would return health care coverage to either cash-starved states or private industry; to the … Continue reading
Posted in Consumers, Economy, Politics, Weekly Financial News
Tagged ACA, CBO, congress, Obamacare, Trump White House, US Senate
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The Economic Consequences of Too Much Inequality
Financial FAQs A new report released by the World Economic Forum, ranks rising inequality as the top trend facing the globe in 2015, according to a survey of 1,767 global leaders from business, academia, government and non-profits, many of whom … Continue reading
Don’t Forget the Consumer!
Popular Economics Weekly “It’s the Consumers, Stupid,” is an oft-repeated mantra being echoed currently by Internet advocates who want to keep Internet access free. But there’s a more important reason to worry about consumer health. Consumers are still way too … Continue reading
The Ryan Budget Myth and Obamacare
Popular Economics Weekly Representative Paul Ryan has come up with his latest Republican budget proposal, and it changes nothing. It neither promotes economic growth, nor reduces the budget deficit, as with past Republican budget proposals. That’s because its real target … Continue reading
Greenspan’s Greed and The Federal Deficit
Popular Economics Weekly The deficit this year is expected to be $514 billion— just 3 percent the size of the economy and significantly less than the $1.4 trillion deficit Congress ran up when it pumped stimulus into the economy in … Continue reading
The Great Divergence
Popular Economics Weekly The so-called “minimalist” budget deal just reached by Congress is another illustration of the great divergence in wealth distribution of recent years that has eclipsed the middle class. The Great Divergence is not a term usually associated … Continue reading
Posted in Consumers, Economy, Politics, Weekly Financial News
Tagged CBO, federal debt, Great Depression, Great Recession, samuel huntington, tax code, tax rates
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The Sequester Dilemma—How Much Is Too Much Austerity?
Financial FAQs Come March 1, we will begin to see how much damage the sequester agreement causes. A recent CNBC column by Larry Kudlow illustrates both the misconceptions and reason for the gridlock on avoiding across-the-board spending cuts of some … Continue reading
Posted in Consumers, Economy, Keynesian economics, Macro Economics, Weekly Financial News
Tagged ATRA, budget deficit, CBO, GW Bush
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