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Author Archives: Popular Economics Weekly
It’s Not About Obamacare!
Financial FAQs We know the federal government’s shutdown isn’t really about Obamacare. We know this because Tea Party Republicans have been trying to shut down government since the 2010 election, as MSNBC’s Rachel Maddow and others have pointed out. The … Continue reading
Mortgage Delinquencies Continue Decline
The Mortgage Corner Freddie Mac reported that the Single-Family serious delinquency rate declined in August to 2.64 percent from 2.70 percent in July. This has in large part to do with lower interest rates, which have declined again because the … Continue reading
Debt Ceiling, Obamacare Debates Will Boost Government’s Role
Popular Economics Weekly Tea Party Republicans apparently aren’t aware of the damage they inflict on their own party and constituents in attempting to shut down the federal government, if Obamacare isn’t delayed or repealed. For a shutdown will prove once … Continue reading
Are Excessive Corporate Profits Hurting Growth?
Popular Economics Weekly The third estimate for real GDP growth for the second quarter was left unchanged at an annualized rate of 2.5 percent compared to the second estimate and compared to a first quarter rise of 1.1 percent. But … Continue reading
Case-Shiller Home Prices Take Off
The Mortgage Corner The July S&P Case-Shiller home price index shows home prices are in full recovery mode. Over the last 12 months, prices rose 12.3 percent and 12.4 percent as measured by the 10- and 20-City Composites in the … Continue reading
Why Didn’t Fed Reduce QE3?
Popular Economics Weekly Chairman Ben Bernanke attempted to answer that question at his post-FOMC press conference last Wednesday. He said economic growth has slowed and so the Fed has reduced its growth projection to 2.0 to 2.30 percent for the … Continue reading
Existing Home Sales Take Off
The Mortgage Corner Existing-home sales have finally taken off, a sign that real estate might now be leading the economic recovery. Real estate has historically led past recoveries, by employing so many construction workers and professional services, but not this … Continue reading
What is a Real Minimum Wage?
Financial FAQs The debate on how to boost this economic recovery has now shifted to the federal minimum wage standard, now at $7.25 percent per hour. This is in part because the latest Census Bureau report shows 46.5 million Americans … Continue reading
Deflation is the Danger
Financial FAQs The Federal Reserve is about to announce their decision on when to begin tapering their purchases of securities at next Tuesday’s FOMC meeting. Among other issues is whether there is any danger of future inflation from continuing the $85 … Continue reading
More Home Equity, Fewer Defaults In Q2
The Mortgage Corner CoreLogic, a Southern California real estate data firm, also released new analysis showing approximately 2.5 million more residential properties returned to a state of positive equity during the second quarter of 2013, and the total number of … Continue reading
