Category Archives: Consumers

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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Dear Fed—Please Don’t Raise Interest Rates Again!

Posted on December 5, 2017 by Popular Economics Weekly

Popular Economics Weekly The Federal Reserve FOMC meeting this week is expected to conclude with another 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 … Continue reading →

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Q3 Economic Growth Jumps to 3.3% (Revised)

Posted on November 30, 2017 by Popular Economics Weekly

Popular Economics Weekly It looks like the U.S. economy is charging ahead for the next few quarters, as Q3 Gross Domestic Product was revised from 3 percent to a 3.3 percent growth rate, due to higher exports and capital expenditures. … Continue reading →

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New-Home Sales at 10-yr High

Posted on November 27, 2017 by Popular Economics Weekly

The Mortgage Corner Sales of new single-family houses in October 2017 were at a seasonally adjusted annual rate of 685,000, according to estimates released jointly today by the U.S. Census Bureau and HUD. This is 6.2 percent (±18.0 percent) above … Continue reading →

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Housing Shortage Continues

Posted on November 22, 2017 by Popular Economics Weekly

The Mortgage Corner Existing-home sales increased in October to their strongest pace since earlier this summer, but continual supply shortages led to fewer closings on an annual basis for the second straight month, according to the National Association of Realtors. … Continue reading →

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Our Housing Supply Is Catching Up (Revised)!

Posted on November 20, 2017 by Popular Economics Weekly

The Mortgage Corner Nationwide housing starts rose 13.7 percent in October to a seasonally adjusted annual rate of 1.29 million units after a slight upward revision to the September reading, according to newly released data from the U.S. Department of … Continue reading →

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