Tag Archives: Great Recession

Celebrating Our Great Society

Popular Economics Weekly We are in the midst of celebrating the 50th anniversary of President Johnson’s Great Society, enacted for the most part from 1964-66, perhaps the greatest legislative achievement of any president since FDR and the New Deal. We … Continue reading

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Labor Force Participation Improving

Popular Economics Weekly One lament by Fed Chairperson Janet Yellen and others has been the low labor participation rate of the prime-age workers—those 25 to 54 year-olds that have dropped out of the labor force, or are working part time.  … Continue reading

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2014 Household Formation Rebounds

Financial FAQs Breaking news. The latest Homeownership & Vacancy Survey, released by the Census Bureau, estimated household formation surged to 1.7 million in 2014 from 400,000 the previous year. That is really big news. Household formation, which is the bottom … Continue reading

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Will 2015 Interest Rates Remain This Low?

The Mortgage Corner Record low interest rates are holding, in spite of the latest stock market selloffs, and may remain low throughout 2015. Why? Oil prices are still below $50/barrel, and overall prices are falling throughout the developed world. The … Continue reading

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Good Employment Report for Most

Financial FAQs The stock market plunged on news total nonfarm payroll employment increased by 295,000 in February, and the unemployment rate edged down to 5.5 percent, the U.S. Bureau of Labor Statistics reported today. The DOW fell 279 points, and … Continue reading

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Good Pending Sales, Home Prices in 2015

The Mortgage Corner Pending home sales are rising again. Sales picked up steam in November, to 104.8 from a revised 104.0 in October for a better-than-expected gain of 0.8 percent. It is a sign, along with the Case-Shiller Home Price … Continue reading

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The Political Consequences of Inequality

Financial FAQs Paul Krugman recently highlighted the dangers of Europe’s austerity policies and the growing inequality of the developed world, the worst since the Great Depression. The result then, as now, has been the growing strength of right wing parties … Continue reading

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