Tag Archives: Great Recession

Why Do We Need a (new) New Deal?

Financial FAQs Amazon COVID-19 has finally done it. The new bi-partisan legislation working through congress that apportions money to the people and businesses that really need it—working (salaried) folk and small businesses with less access to credit—tell us why we … Continue reading

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Has the Recession Begun?

Popular Economics Weekly Wikipedia It might not matter when the so-called infection curve begins to flatten, or the epidemic “washes away”, as President Trump has said. The economic damage has already been done, due in part to the lack of … Continue reading

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How Do We Fight COVID-19?

Popular Economics Weekly St.LouisFRED Economists are beginning to predict the worst due to the COVID-19 outbreak that has become a worldwide pandemic.  Former Fed Vice-Chairman Alan Blinder said recently on CNBC that a recession may have already begun this March; … Continue reading

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Nobelist Daniel Kahneman on Thinking, Fast and Slow

Financial FAQs Amazon Thinking, Fast and Slow; what else should Nobel Laureate Daniel Kahneman be noted for, the son of Lithuanian Jewish parents fleeing the Russian Empire in the 1920s who grew up  to the sound of marching black boots … Continue reading

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No Job Losses Due to Coronavirus—Yet

Popular Economics Weekly MarketWatch The Labor Department’s February employment survey took place in the middle of February, before the coronavirus began its worldwide spread. So we will have to wait for March employment figures to know its impact on employment, … Continue reading

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The Wages of Fear in a Recession—Part II

Financial FAQs FRED Is the U.S. economy already in recession? How can it be with more than 80 percent of the adult workforce employed? But that isn’t how recessions actually begin, as portrayed in the above St. Louis Fed unemployment … Continue reading

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Retail Sales Strengthen Q4 Growth

The Mortgage Corner FRED It looks like consumers came through during the holidays, as retail sales jumped 0.3 percent in December and are up 3.5 percent from a year ago, per the above FRED (St. Louis Fed) graph. It might … Continue reading

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What Is American Socialism?

Financial FAQs What is American Socialism that candidate Bernie Sanders has talked about ever since he has been running for President? In fact, our one and only example of something that represents any definition of Socialism and concerted government planning … Continue reading

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Why Irrational Exuberance In A Year of Living Dangerously?

Financial FAQs Wrightson.com We are now living in a much more dangerous world, because there is the possibility of war in the Middle East that is accompanying the various trade wars waged by the “Make America Great” White House. In … Continue reading

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2020—A Year of Living Dangerously

Popular Economics Weekly FRED.gov There is plenty of speculation on the effects of killing Iran’s Quds Force General Qassem Suleimani. Of course the first question is how Iran will retaliate? But terrorist attacks by its proxies, such as by the … Continue reading

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