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Categories
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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
Posted in Consumers, Economy, Housing, housing market, Weekly Financial News
Tagged affordability, Conference Board LEI, existing-home inventory, existing-home sales, FHFA Home Price Index, first-time homebuyers, Index of Leading Economic Indicators, LEI, NAR Chief Economist Lawrence Yun
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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
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
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
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
Posted in Consumers, Economy, Housing, housing market, Weekly Financial News
Tagged 30-year mortgage, brexit, euro zone, Fannie Mae, GDP growth, mortgage rates, New Deal, World War II
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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
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
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
Posted in Consumers, Economy, Weekly Financial News
Tagged chicago PMI, consumer spending, exports, GDP growth, ISM manufacturing survey
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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
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