Category Archives: Consumers

Return of the Bully Mentality

The Mortgage Corner The NYTimes Bret Stephens lamented the “bullying mentality” at the heart of the pro-Hamas movement in a recent Op-ed that lamented their attempts to shut down pro-Israeli speakers. Hamas is a movement that wants to completely eliminate … Continue reading

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March Payrolls Soaring

Popular Economics Weekly I said last week I don’t believe Wall Street investors are irrationally exuberant at present, contrary to those that say we are now in a stock market bubble with the record level S&P and DOW indexes. That’s … Continue reading

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First Quarter Growth Even Better?

The Mortgage Corner The post-pandemic recovery is looking better this year, as higher estimates for 2024 economic growth come in. The job market is still hot, which is why consumers keep shopping until they drop, to use a common expression … Continue reading

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Economic Facts Can Win

Financial FAQs Here’s another reason we have avoided a recession. Regardless of the looming tax bills due in April that traditionally causes consumers to save more and spend less, consumers are spending more and saving less, per the BEA’s Personal … Continue reading

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Fourth Quarter Growth Even Better

The Mortgage Corner Economic growth is picking up and the housing market is following suit, which means the post-pandemic recovery is looking even better this year. The final reading of Q4 2023 U.S. Gross Domestic Product growth adjusted for inflation … Continue reading

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Irrational Exuberance vs. Irrational Pessimism?

Popular Economics Weekly I don’t believe Wall Street investors are irrationally exuberant at present, contrary to those that say we are now in a stock market bubble with the record level S&P and DOW indexes. It’s as easy to be … Continue reading

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New Home Sales Boost Housing Market

The Mortgage Corner The sale of new homes is boosting housing and the economy at a very opportune time—the beginning of a New Year when it’s still uncertain when the Fed will begin to cut their interest rates. This is … Continue reading

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Too Much Irrational Exuberance?

Popular Economics Weekly Are Wall Street investors irrationality exuberant? Former Bond King and CEO of the PIMCO bond fund Bill Gross thinks so. Irrational exuberance is a term coined by former Fed Chairman Alan Greenspan in 1996 to describe the … Continue reading

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Strong Growth Will Continue

Financial FAQs There’s a good reason we have avoided a recession, I said last week. Consumers’ personal financial conditions have improved, so they continue to shop, and they are responsible for 70 percent of economic activity. Now the Conference Board’s … Continue reading

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Consumers Want More Stability

The Mortgage Corner More consumers, and most Americans, are deciding they want calm after the instability of the Pandemic era. They are craving fewer economic disruptions for starters, such as the partisan wars that have stymied budget negotiations. “Nearly three-quarters … Continue reading

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