Category Archives: Economy

The Great Income Divergence—II

Posted on January 3, 2014 by Popular Economics Weekly

Financial FAQs Ben Bernanke is now defending his record as Fed Chairman. He shouldn’t have to, as without the Fed’s easy money policies—such as QE3—the economy would surely have plunged back into recession, as the European Union has done with … Continue reading →

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Mortgage Defaults Continue to Fall

Posted on January 2, 2014 by Popular Economics Weekly

The Mortgage Corner Fannie Mae reported last week that the Single-Family Serious Delinquency rate declined in November to 2.44 percent from 2.48 percent in October. The serious delinquency rate is down from 3.30 percent in November 2012, and this is … Continue reading →

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What Happens in 2014??

Posted on December 22, 2013 by Popular Economics Weekly

Popular Economics Weekly Next year could start with a bang. U.S. third quarter Gross Domestic Product expanded at 4.1 percent, revised up from 3.6 percent, with consumer spending a main driver of growth. This has to mean consumers are feeling … Continue reading →

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Where is The Inflation??

Posted on December 19, 2013 by Popular Economics Weekly

Financial FAQs The answer, in a nutshell, is it’s nowhere to be found. All current worldwide and domestic inflation indicators show depressed demand for goods and services, hence there is little incentive to raise prices. Therefore businesses are spending little … Continue reading →

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The Great Divergence

Posted on December 16, 2013 by Popular Economics Weekly

Popular Economics Weekly The so-called “minimalist” budget deal just reached by Congress is another illustration of the great divergence in wealth distribution of recent years that has eclipsed the middle class. The Great Divergence is not a term usually associated … Continue reading →

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Affordable Housing In Decline

Posted on December 11, 2013 by Popular Economics Weekly

The Mortgage Corner The Harvard Joint Center for Housing Studies has just come out with their rental market report, and it shows very little low rent housing available, due mainly to both increased household formation and those who have lost … Continue reading →

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Paying Sustainable Economic Growth Forward

Posted on December 8, 2013 by Popular Economics Weekly

Popular Economics Weekly The Fed has said it wouldn’t begin to boost interest rates until sustainable economic growth was achieved. However, no one has actually defined what that means. Fed Chairman Bernanke defines it as when full employment is achieved, … Continue reading →

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November’s 203,000 Payroll Jobs Not Enough

Posted on December 6, 2013 by Popular Economics Weekly

Popular Economics Weekly The U.S. Bureau of Labor Statistics reported today unemployment declined from 7.3 percent to 7.0 percent in November, and total nonfarm payroll employment rose by 203,000. But that shouldn’t be enough good news for the Federal Reserve … Continue reading →

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New-Home Sales Soaring

Posted on December 4, 2013 by Popular Economics Weekly

The Mortgage Corner There aren’t enough new homes being built, apparently, as new U.S. homes sold at an annual rate of 444,000 in October, up 25.4 percent from 354,000 in September, the U.S. Census Bureau said Wednesday. And the inventory … Continue reading →

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What Should We Be Thankful For?

Posted on November 26, 2013 by Popular Economics Weekly

Financial FAQs There is still much we can be thankful for this Thanksgiving, in spite of tax raises and government spending cuts that affect mostly the poorest—whether it’s less food stamps, early child care, environmental protection, and maybe even fewer … Continue reading →

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