iOS app Android app

Harlan Green
GET UPDATES FROM Harlan Green
 
Harlan Green has been the 11-year Editor-Publisher of PopularEconomics.com, a weekly syndicated financial wire service that publishes up to 3 weekly columns under the headings: Popular Economics Weekly, Financial FAQs, and The Mortgage Corner. His mission is to enhance the popular understanding of economic issues. He also publishes the Popular Economics Weekly Blog.

Harlan is the author of The Mystery of Money, Understanding the Modern Financial World, is an economic forecaster and teacher of real estate finance. He has a 30-year record of success as a banker and mortgage banker.

Entries by Harlan Green

Government Spending Boosts Q3 Economic Growth

(0) Comments | Posted October 31, 2014 | 2:40 PM

WASHINGTON (MarketWatch) -- The U.S. economy grew by a 3.5 percent annual rate in the third quarter, fueled by a surge in exports and the biggest jump in federal spending in five years, screamed one headline this week.

That is all we need to know to understand why U.S. economic...

Read Post

NRA Uses Gun Violence to Maximize Profits

(10) Comments | Posted October 27, 2014 | 12:41 PM

How can we believe the National Rifle Association opposes gun violence when every mass murder committed with guns is answered by the NRA's call to buy more weapons, which increases their profits? There have been three mass killings by crazed gunmen just over the past week, and the...

Read Post

California's Fracking Controversy

(1) Comments | Posted October 23, 2014 | 12:57 PM

Will a "Yes" or "No" vote on Measure P (the measure that bans all forms of enhanced drilling techniques, including steam injection and fracking) have an impact on Santa Barbara County's property values? This may be one of the biggest concerns for this California County's voters in November.

With nearly...

Read Post

Why We Need War for a Great Recovery

(20) Comments | Posted October 17, 2014 | 10:02 PM

Nobelist Paul Krugman has said 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 Invasion would do it, he once quipped.

In fact, the Great Recession...

Read Post

IMF Report--Europe Is Becoming Japan

(8) Comments | Posted October 9, 2014 | 6:15 PM

The International Monetary Fund doesn't want to say it outright, but its latest World Economic Outlook shows more stagnation of the European and Japanese economies, and the possibility of a third EU recession since 2008.

Could the Euro Zone become another Japan with its...

Read Post

Who Are the Real Takers?

(1) Comments | Posted September 18, 2014 | 12:21 PM

We have been here before. The Census Bureau just reported that the poverty rate fell in 2013, the first drop since 2006. It fell to 14.5 percent, down from 15 percent in 2013, but 45.3 million people are still living at or below the poverty line, which for...

Read Post

Government Wasn't the Problem

(2) Comments | Posted September 8, 2014 | 8:23 PM

If the latest unemployment report tells us anything, it is that government isn't the problem that has caused the weak U.S. recovery, but a private sector that is focused solely on maximizing profits for their investors and CEOs, rather than creating more jobs. And private sector corporations have succeeded in...

Read Post

Yellen + Jackson Hole = More Growth

(0) Comments | Posted August 25, 2014 | 4:31 PM

New Fed Chairman Janet Yellen and other major central bankers at their annual Jackson Hole conference seem to have committed a heresy by advocating full employment as the goal of central bank policies, above and beyond fighting inflation. That may be an easier call today, given inflation is low and...

Read Post

Where Is the Inflation?

(0) Comments | Posted August 22, 2014 | 12:27 PM

Stocks and bonds are rallying at the moment, as there is very little inflation, allaying investor fears that it might rise, according to the latest inflation measures. This is good news for investors (money is cheap), but not household incomes and jobs, as there isn't enough inflation to boost economic...

Read Post

Don't Forget the Millennials -- Part II

(1) Comments | Posted August 15, 2014 | 12:13 PM

We have talked before about the upcoming Millennial, or Gen Y generation that will number more than 80 million eventually, 7 percent higher than their baby boomer parents that gave us such high economic growth in the 1980s and '90s. There is now more evidence that these 18 to 37-year...

Read Post

California vs. Kansas

(71) Comments | Posted July 29, 2014 | 12:21 PM

In the great economic battle between pro-government and anti-government policies, California vs. Kansas has been the featured contest, and California has won. As highlighted by Nobelist Paul Krugman, among others, California is all-Democratic, while Kansas is run by its ultra-conservative Governor Sam Brownback with a Republican-dominated legislature.

And the...

Read Post

Is There Any Help for Consumers?

(0) Comments | Posted July 22, 2014 | 6:43 PM

"It's the Consumers, Stupid," is an oft-repeated mantra being echoed currently by Internet advocates who want to keep Internet access free. But there's a more important reason to worry about consumer health. Consumers are still way too pessimistic in the fifth year of this recovery, and that is hurting economic...

Read Post

Don't Forget the Millennials!

(0) Comments | Posted July 16, 2014 | 4:41 PM

Fed Chair Janet Yellen is saying the Fed could keep rates low for a long time to come in her current congressional testimony. Why? Because unemployment is still too high, and economic growth too slow at present.

This is in part because the Congressional Budget Office...

Read Post

We Need Some Inflation!

(14) Comments | Posted July 8, 2014 | 1:08 PM

How much inflation is too much inflation? Germany thinks any inflation is too much, based on their 1920s inflation experience when burning money for fuel was cheaper than burning wood. It has led to the EU's draconian austerity policies, such as calling for spending cuts during deflationary times that has...

Read Post

What Is Yellen's Unemployment Rate?

(0) Comments | Posted July 3, 2014 | 3:56 PM

Fed Chairwoman Janet Yellen spoke with IMF President Christine Lagard at an epoch-making conference yesterday. It was epoch-making (with luminaries such a ex-Fed Chair Paul Volcker in attendance), because Ms. Yellen, by emphasizing their mandate was to "maintain price stability and maximum employment," in effect revealed which unemployment...

Read Post

Q1 GDP Plunge -- Austerity Must End

(2) Comments | Posted June 27, 2014 | 8:38 AM

The final Q1 2014 GDP growth estimate of minus (-2.9) percent, down from the second (-1) percent drop, was a shock for several reasons. Firstly, it means our domestic economy is still sputtering, five years after the end of the Great Recession. Secondly, it means it will take more than...

Read Post

When is Higher Inflation Good?

(0) Comments | Posted June 20, 2014 | 10:43 AM

The short answer is that higher inflation comes from higher growth rates, and so when an economy expands robustly, then prices should also rise robustly. Otherwise companies' profits don't rise and they won't want to expand their businesses and so hire more workers.

But pundits and some economists keep focusing...

Read Post

Why Have a Higher Minimum Wage?

(0) Comments | Posted June 18, 2014 | 12:03 PM

The International Monetary Fund just came out with a depressing prognosis for US economic growth -- 2 percent this year, and maybe 3 percent next year? Why? A too-bad winter, slowdown in the housing market, and stagnant wages, said the report.

But both housing and economic growth...

Read Post

Thomas Piketty and Capitalism Beyond the 21st Century

(8) Comments | Posted May 26, 2014 | 4:35 PM

Thomas Piketty's Capital in the 21st Century is about more than proving that wealth inequality built up over centuries under so-called free market capitalism, or its social democratic versions in Europe, has to be its natural state. His research is also about how future generations might share in that wealth,...

Read Post

Capital in 21st Century

(0) Comments | Posted May 6, 2014 | 12:32 PM

All the hullabaloo regarding Thomas Piketty's master economic work, Capital in the 21st Century has overlooked its real importance. Economics is finally becoming a science, rather than just social science based more on theories and formulas (such as mathematical models), than empirical research until now.

T. Piketty and...

Read Post