Tag Archives: Hurricane Sandy

Repubs Anti-Science Agenda Endangers US

Financial FAQs Last week, the House Science, Space, and Technology Committee, headed by Texas Republican Lamar Smith, approved a bill that would slash at least three hundred million dollars from NASA’s earth-science budget, says the New Yorker’s Elizabeth Colbert. “Earth … Continue reading

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Why Do We Need Wars for Great Recoveries?

Financial FAQs Nobelist Paul Krugman has said history tells us it could take another world war, or similar mobilization effort to put everyone back to work and economic growth to return to historical levels from the Great Recession—even an Alien … Continue reading

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Unemployment Rate Falls to 7.7 Percent

Popular Economics Weekly Economists are rubbing their eyes over the November jobs report. It seems stimulus spending works. Obama’s $830 Billion ARRA stimulus + the Federal Reserve’s QE efforts to hold down interest rates has now created almost 6 million … Continue reading

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High Pending Home Sales—A 2013 Housing Shortage?

The Mortgage Corner The huge jump is pending home sales could presage a sharp drop in inventory of homes for sale in 2013. Why? There are fewer foreclosures because of the declining shadow inventory of homes in default that have … Continue reading

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Household Formation Key To Housing Recovery

Financial FAQs The formation of new households—young adults leaving the homestead—has always been an important ingredient of home sales. We are talking about 18 to 34 year-olds who have been staying at home during the Great Recession for understandable reasons—whether … Continue reading

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Falling Households Incomes—The Real ‘Fiscal Cliff’

Popular Economics Weekly It is household income that is falling off a cliff. This is partly due to the busted housing bubble and subsequent Great Recession that shaved 40 percent from household wealth. But household incomes haven’t been rising as … Continue reading

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It’s the Consumers Turn

Popular Economics Weekly We know that consumers will continue to push economic growth this fall and winter for several reasons. Firstly, the Bureau of Labor Statistics monthly JOLTS report showed 3.6 million job openings (yellow line), and more than 4 … Continue reading

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