Tag Archives: consumer spending

First Quarter GDP Growth Beats Estimates

Popular Economics Weekly Surprise, surprise, first quarter GDP growth beat the estimates of economists and pundits, but it wasn’t for the usual reasons. Spending at the state and local level jumped 3.9 percent after a 1.3 percent drop in the … Continue reading

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March Job Creation Exceeds Population Growth

Popular Economics Weekly Stanford economist and Former Chief Economic Advisor Ed Lezear said this morning on CNBC that job creation still exceeds population growth, which is a sign the US economy continues to expand, but at a slower rate. “Total … Continue reading

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This Is Not a Recession!

Financial FAQs fred stlouisfed.org. There is no ‘looming’ recession about to happen, in spite of the warnings from pundits; none of whom are reputable economists to date. For instance, Trump’s new pick for the Federal Reserve Board is not a … Continue reading

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Can U.S. Economy Weather Trade Wars?

Financial FAQs Econoday.com Why is manufacturing doing so well in the face of rising tariffs—in January when mid-winter business activity tends to slow? Consumers flush with cash from rising wages and full employment are powering higher domestic demand. Exports, on … Continue reading

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Very Strong January Employment

Popular Economics Weekly MarketWatch.com Total nonfarm payroll employment increased by 304,000 in January, and the unemployment rate edged up to 4.0 percent, the Bureau of Labor Statistics reported today. Job gains occurred in several industries, including leisure and hospitality, construction, … Continue reading

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It’s the Consumer, Stupid

Answering the Kennedys Call—Part II New York Times’ economic writer Neil Irwin in a recent Op-ed is not seeing a very robust future for global economic growth. “…what the last few months have made clear is that the forces that … Continue reading

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Why Isn’t Inflation a Problem?

Popular Economics Weekly us.econoday.com It looks like inflation will no longer be a problem holding back consumer spending for the forseeable future; or in any other economy in the developed world as well. It’s not a problem because economies today … Continue reading

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