Category Archives: Politics

Record Mortgage Originations in 2015, In Spite of FHFA

The Mortgage Corner In addition to very large Consumer credit borrowing that rose $17.2 billion in February (but excludes mortgage lending), the number of new first mortgages increased to a post-recession high in 2015, according to new data from credit … Continue reading

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Why Such Dismay At Fed Chair Yellen’s Dovish Remarks?

Financial FAQs Janet Yellen gave another speech yesterday, and stocks and bonds rallied. So you would think the pundits would applaud her speech. But, no, with approximately half of the Fed Governors saying they want higher interest rates now, many … Continue reading

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Why Is the Fed Waiting For Inflation?

Popular Economics Weekly The Federal Reserve should stick with a “wait-and-see monetary response” absent more evidence of sustainable inflation gripping the U.S. economy, Chicago Fed President Charles Evans said Tuesday. That seems to be Fed Chairwoman Yellen’s response to current … Continue reading

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Existing-Home Sales Fall, Inflation Too Tame

The Mortgage Corner After increasing to the highest annual rate in six months, existing-home sales tumbled in February amidst very low supply levels and robust price growth in several sections of the country, according to the National Association of Realtors. … Continue reading

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Who Will Trump Trump’s Ambitions?

Popular Economics Weekly Thomas Friedman seems to believe the Donald has sewed up a majority of the Republican Primary delegates and will be a formidable foe for Hillary, assuming she is the Democrat’s candidate. But chances are his past will … Continue reading

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Why Did Michael Moore Invade Those Countries?

Popular Economics Weekly The answer is so simple, and sad. Mr. Moore’s latest eye-opening documentary, “Where To Invade Next?” visits countries that have learned from, and adopted our laws and policies, policies that no longer exist in the U.S. of … Continue reading

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Fannie-Freddie Debacle Continues

The Mortgage Corner We are already seeing the results of Obama Administration attempts to kill Fannie Mae and Freddie Mac, the Government Sponsored Entities that guarantee more than 60 percent of all mortgages originated in the U.S. housing market these … Continue reading

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Construction Boosted By Public Works, Offices

The Mortgage Corner We are already seeing the results of the $1.1T budget agreement, and $305 STIRR Surface Transportation and Highway Trust Fund bill. Construction spending rose a strong 1.5 percent in January due to a surge in highway & … Continue reading

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Why Did Michael Moore Invade Other Countries?

Popular Economics Weekly The answer is so simple, and sad. Mr. Moore’s latest eye-opening documentary, “Where To Invade Next” visits countries that have learned from, and adopted our laws and policies, policies that no longer exist in the U.S. of … Continue reading

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How Extreme is Bernie’s Economic Vision?

Popular Economics Weekly Major progressive economists are protesting Bernie Sanders predictions of robust economic growth and jobs if his policies are enacted. What are his policies? Policies he claims will give Americans what the other developed countries already offer to … Continue reading

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