Category Archives: Consumers

Our Tragedy of the Commons—Austerity That Doesn’t Work

Posted on December 28, 2012 by Popular Economics Weekly

Popular Economics Weekly There is a longer term fiscal crisis that current budget negotiators are ignoring. It is called the Tragedy of the Commons — the long term neglect of common resources and facilities used by all, including our air, … Continue reading →

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Housing Prices In “Sustained Recovery”

Posted on December 27, 2012 by Popular Economics Weekly

Popular Economics Weekly The S&P/Case-Shiller Home Price Index October headline was “Sustained Recovery in Home Prices”, as housing inventories continue to drop, while the latest estimates of household formation for young adults in particular are as high as 1.3 million … Continue reading →

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Home Sales Surging

Posted on December 20, 2012 by Popular Economics Weekly

The Mortgage Corner Total existing home sales are accelerating, and prices are rising along with declining inventories. Sales that include single-family homes, townhomes, condominiums and co-ops, rose 5.9 percent to a seasonally adjusted annual rate of 5.04 million in November … Continue reading →

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Q4 GDP Growth Improving

Posted on December 18, 2012 by Popular Economics Weekly

Financial FAQs We are seeing faster economic growth in the fourth quarter, even after the upward revision of Q3 GDP growth to 2.7 percent from 2.0 percent. The reason? The 146,000 jump in November payroll jobs, soaring retail sales, and … Continue reading →

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2013 Year of Housing Recovery

Posted on December 12, 2012 by Popular Economics Weekly

The Mortgage Corner Wall Street is jumping on the real estate band wagon. Not only are hedge funds now buying foreclosed homes in bulk, reducing the ‘shadow inventory’ of homes with delinquent mortgages, but the record low interest rates are … Continue reading →

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Michigan Republicans Repeat Economy Wrecking Doctrine

Posted on December 11, 2012 by Popular Economics Weekly

Financial FAQs Michigan has become the latest Republican-led effort to wreck economic growth in passing a right-to-work laws that restrict unions. With all apologies to Naomi Klein’s Shock Doctrine, Repubs are no longer waiting for recessions to enrich their wealthiest … Continue reading →

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Fourth Quarter Economic Growth Higher

Posted on December 5, 2012 by Popular Economics Weekly

Popular Economics Weekly We are seeing a boost in Q4 economic growth, in spite of “fiscal cliff” worries. Service sector growth has increased significantly, job formation is accelerating, and real estate is coming back to life, thanks mostly to more … Continue reading →

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Household Formation Key To Housing Recovery

Posted on November 28, 2012 by Popular Economics Weekly

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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National Home Prices (Finally) Recovering

Posted on November 27, 2012 by Popular Economics Weekly

The Mortgage Corner Is the end of the housing bust in sight?  The Case-Shiller Home Price Index reported the fourth consecutive year-over-year (YoY) gain in their house price indexes since 2010 – and the increase back in 2010 was related … Continue reading →

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Falling Households Incomes—The Real ‘Fiscal Cliff’

Posted on November 26, 2012 by Popular Economics Weekly

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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