Category Archives: Consumers

Trade Wars Hurt U.S. the Most!

Posted on December 7, 2018 by Popular Economics Weekly

Popular Economics Weekly Econoday.com Is the trade war hurting U.S. jobs? Yes, says Mauldin Economics’ Patrick Watson, among others. Watson uses US automakers as an example. Ford and GM estimate that the 25 percent steel and 10 percent aluminum tariffs … Continue reading →

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Credit Alert—Interest Rates about to Invert

Posted on December 4, 2018 by Popular Economics Weekly

The Mortgage Corner MarketWatch.com The spread between the 2-year note and the 10-year narrowed 4 basis points to 0.16 percentage point on Monday, its flattest levels since July 2007, according to MarketWatch. The 10-year Treasury yield dropped back below 3 … Continue reading →

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Home Sales Rise for the Holidays

Posted on November 21, 2018 by Popular Economics Weekly

The Mortgage Corner Econoday.com Existing-home sales increased in October after six straight months of decreases, according to the National Association of Realtors. Three of four major U.S. regions saw gains in sales activity last month. Lawrence Yun, NAR’s chief economist, … Continue reading →

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Retail Sales Surge While Consumers Pay Down Debt

Posted on November 20, 2018 by Popular Economics Weekly

Popular Economics Weekly Econoday.com U.S. retail sales rebounded sharply in October as purchases of motor vehicles and building materials surged, likely driven by rebuilding efforts in areas devastated by Hurricane Florence. CBS News reports an economic consulting firm says Hurricane … Continue reading →

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Higher Interest Rates Ahead?

Posted on November 14, 2018 by Popular Economics Weekly

Popular Economics Weekly Econoday.com The benchmark 10-year Treasury Bond Yield that determines mortgage and other long term rates ended at 3.13 percent today from 3.11 percent last week with the continued stock market selloff. It was as high as 3.22 … Continue reading →

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U.S. Wages At 9-Year High

Posted on November 2, 2018 by Popular Economics Weekly

Popular Economics Weekly MarketWatch.com Total nonfarm payroll employment rose by 250,000 in October, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in manufacturing, in construction, … Continue reading →

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The Budget Buster-In-Chief Wants to Scare US

Posted on November 1, 2018 by Popular Economics Weekly

The Mortgage Corner Federal Budget The Treasury is on track to issue $1.34 trillion in new debt this year, more than double the amount in 2017. The Trump tax cuts and higher government spending are leading to higher borrowing needs, … Continue reading →

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Why Still A Housing Shortage?

Posted on October 23, 2018 by Popular Economics Weekly

The Mortgage Corner Graph: Econoday A recent survey of California’s housing market reaffirmed the well-known fact that California has an affordability problem. The median home price is now $544,900, up 80 percent from 2011—though that’s a deceptive comparison because mostly … Continue reading →

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Record Income Inequality = U.S. Credit Downgrade?

Posted on October 17, 2018 by Popular Economics Weekly

Financial FAQs Graph: MarketWatch The current debate whether the U.S. will escape the ‘new normal’ of slower economic growth since the Great Recession (when homeowners lost a collective $9 trillion in value) is taking a new turn with Moody’s Investor … Continue reading →

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What Is ‘New Normal’ U.S. Growth?

Posted on October 10, 2018 by Popular Economics Weekly

Popular Economics Weekly Graph: Seeking Alpha/BLS There is a current debate whether the U.S. will escape the ‘new normal’ of slower economic growth since the Great Recession, when American households lost a collective $9 trillion in value and consumers cut … Continue reading →

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