Category Archives: Economy

Higher Housing Sales, Leading Indicators Mean More Growth

Financial FAQs Two more signs of improved economic growth came out today. Boosted by a greater share first-time buyer sales not seen in nearly four years, existing-home sales maintained their upward trajectory in June and increased for the fourth consecutive … Continue reading

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Who Is the Real Donald Trump?

Popular Economics Weekly It certainly behooves US voters to know the real Donald Trump. Tony Schwartz, ghost writer for Trump’s best-selling “Art of the Deal” has just come forward after 30 years with a ‘tell all’ New Yorker interview based … Continue reading

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A Record Year For Mortgages?

The Mortgage Corner First quarter mortgage numbers are in, and we could be having a very good year for mortgage originations, says Equifax, among others. According to Equifax’s report, the total dollar amount of first-mortgage originations during the first quarter … Continue reading

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Retail Sales Augur Better Economic Growth Ahead

Popular Economics Weekly Many signs are pointing to better growth ahead, led by consumer, or retail spending. Ex-auto ex-gas offers a gauge on underlying trends in consumer spending, as non-store retailers popped a 1.1 percent surge in the month which … Continue reading

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Why Record Low Mortgages Rates?

The Mortgage Corner Mortgage applications increased 7.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 8, 2016. It’s a result of mortgage rates dropping to … Continue reading

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Spring Employment Surges

Popular Economics Weekly Total nonfarm payroll employment increased by 287,000 in June, and the unemployment rate rose to 4.9 percent, said the U.S. Bureau of Labor Statistics Friday. It means last month’s 11,000 private payrolls was a ‘Yuge’ aberration. How … Continue reading

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The Divided States of America

Financial FAQs It is now becoming obvious that we are not a United States of America. There are many states that restrict voting rights, abortion rights, immigration, even the collective bargaining rights of workers that are no longer able to … Continue reading

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Q2 3% + GDP Growth Confirmed?

Financial FAQs The best news of last week was the ‘Yuge’ jump in consumer spending and manufacturing, which should signal a Yuge jump in Q2 GDP; perhaps to as much as 4 percent. Graph: Econoday That’s because consumers spending is … Continue reading

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Why Did Brexit Happen?

Popular Economics Weekly The shortest answer is the Great Recession and austerity policies of EU policymakers. The result will be a Lessor, or Little Britain, which was inevitable given the austerity policies greatholding sway in the EU. What austerity policies? … Continue reading

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Stricter Gun Controls Now Inevitable

Financial FAQs You know the tide has turned against gun violence when even the American Medical Association calls it a public health menace at the finish of its annual convention. “CHICAGO – In the wake of the worst mass shooting … Continue reading

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