Category Archives: Consumers

Q4 GDP Growth Misses 3 Percent

Posted on January 26, 2018 by Popular Economics Weekly

Popular Economics Weekly Consumers and businesses powered the economy to a 2.6 percent rate of gross domestic product growth in the final three months of 2017, according to the Commerce Department. But declining inventories and a wider trade deficit kept … Continue reading →

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Existing-Home Inventory Lowest in 18 years

Posted on January 24, 2018 by Popular Economics Weekly

The Mortgage Corner There aren’t enough home to sell. Sales of previously-owned homes tumbled in December as an ongoing inventory crunch became more worrisome with few homes to sell in parts of the country. Existing-home sales were down 3.6 percent … Continue reading →

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Immigration and Trump’s “S***Hole” Comment

Posted on January 17, 2018 by Popular Economics Weekly

Popular Economics Weekly How should we remember Martin Luther King, Jr. on his holiday? That greater equality creates greater prosperity for all; as well as greater peace. President Trump’s S***Hole comments were meant as a signal to his neo-nazi supporters … Continue reading →

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Why Raise Interest Rates Now?

Posted on January 13, 2018 by Popular Economics Weekly

Financial FAQs The Federal Reserve is warning about the consequences of the just passed tax reform bill, which includes adding some $1.5 trillion to the federal debt in ten years. New York Fed President William Dudley says it will put … Continue reading →

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What Happens in 2018?

Posted on January 5, 2018 by Popular Economics Weekly

Popular Economics Weekly The New Year will make some people very wealthy—mainly stockholders, corporate execs, and real estate moguls. And as minimum wages begin to rise this year in many cities and states (but not all), those at the lower … Continue reading →

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More Repub Lawlessness—Greatest Theft in History

Posted on December 26, 2017 by Popular Economics Weekly

Financial FAQs The Republican’s tax bill has passed, and it is the greatest theft of taxpayer monies in history; even greater than Presidents’ Reagan and Bush I and II tax cuts that began the immense transfer of wealth to the … Continue reading →

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Housing Market Is Booming!

Posted on December 20, 2017 by Popular Economics Weekly

The Mortgage Corner Both new and existing-home sales are highest since the end of the Great Recession, thanks to interest rates that are still at historical lows, and in spite of the Fed’s latest 0.25 percent rate hike. It looks … Continue reading →

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Republican’s Tax Reform = U.S. Bankruptcy?

Posted on December 18, 2017 by Popular Economics Weekly

Popular Economics Weekly We know most of the sordid details, by now. The Repubs’ about-to-be-approved tax bill will drive the U.S. into a defacto bankruptcy. It contains very little for the middle and lower income tax brackets that do the … Continue reading →

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Treasury Yield Curve Too Flat, As Fed’s Raise Interest Rate

Posted on December 13, 2017 by Popular Economics Weekly

Popular Economics Weekly The Federal Reserve FOMC meeting ended with the predicted 0.25 percent rate hike; but it’s happening at the wrong time.  This is the rate that controls credit card interest and the Prime Lending Rate banks use on … Continue reading →

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Another Great Jobs Report

Posted on December 8, 2017 by Popular Economics Weekly

The Mortgage Corner Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, manufacturing, … Continue reading →

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