PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Keating’s CyberColumn

July 31st, 2020 by

by Raymond J. Keating- The Federal Open Market Committee’s statement released on July 29 was more of the same from the Fed – depending on one’s perspective, for better, for worse, or for no real difference. In the FOMC statement, the key point was, “The path of the economy will depend significantly on the course […]

July 7th, 2020 by

by Raymond J. Keating- Innovation is the act of bringing new and improved goods, services, technologies and methods – that is, new ideas – to the marketplace. Innovation is vital to economic growth and improved quality of life. That most certainly is the case across health care, from pharmaceuticals to medical devices to the variety […]

June 11th, 2020 by

  by Raymond J. Keating- Economic recovery and expansion do not depend on the Federal Reserve running monetary policy. This vision more closely resembles fantasy, rather than sounds economics. The Federal Open Market Committee statement released on June 10 featured an understandably sober assessment of the economy, along with a pledge to keep the federal […]

May 29th, 2020 by

Personal and Disposable Income Rise by Raymond J. Keating- On May 29, the U.S. Bureau of Economic Analysis released its personal income report for April, and the topline data require some explanation. First, personal consumption expenditures plummeted by 13.6 percent in April, which followed on a 6.9 percent drop in March. That’s not surprising given […]

May 27th, 2020 by

by Raymond J. Keating- The need to proceed with re-opening the economy is clear, especially from the perspectives of small businesses and tens of millions of people without jobs. Consider, for example, that the U.S. Department of Labor has reported that initial unemployment claims came in at 2.44 million during the week ending May 16, […]

May 21st, 2020 by

by Raymond J. Keating- While the latest data on housing from the U.S. Census Bureau was predictably grim, housing is an area well worth watching in the coming months to gain a feel for just how deeply the effects of the COVID-19 pandemic might run. The Census Bureau reported that housing starts (annualized seasonally adjusted […]

May 15th, 2020 by

by Raymond J. Keating- We keep making economic history, but none of it is good. The latest history-making release comes from the U.S. Census Bureau on retail sales for April 2020. Monthly retail and food services sales in April plunged by a record 16.4 percent, after a drop of 8.3 percent in March. With a […]

May 12th, 2020 by

by Raymond J. Keating- Well, if you ever wondered what would happen to the general price level if large parts of the U.S. economy were shut down on purpose in a stunningly short time, the latest Consumer Price Index (CPI) report from the U.S. Bureau of Labor Statistics provides the answer. After a decline of […]

May 8th, 2020 by

by Raymond J. Keating- U.S. jobs evaporated during the month of April, according to the latest report from the U.S. Bureau of Labor Statistics. In addition, self-employment took a major hit. Let’s consider some key points from the report: ● According to the establishment survey, nonfarm payroll employment declined by 20.5 million in April, after […]

April 30th, 2020 by

by Raymond J. Keating- The U.S. Bureau of Economic Analysis reported on April 30 that personal income, disposable income (personal income less personal current taxes) and personal consumption expenditures (PCE) suffered big declines in March. For example, personal income dropped by 2 percent in March versus February, as did disposable income. Meanwhile, personal consumption expenditures […]

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