Category Archives: Weekly Financial News

Why Lower Growth, Higher Corporate Profits?

Posted on June 23, 2015 by Popular Economics Weekly

Popular Economics Weekly First-quarter economic growth wasn’t as bad as expected, yet corporate profits were much better than expected. So what are corporations doing with their profits, rather than investing in future growth? The second revision to first-quarter GDP came … Continue reading →

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Housing Construction Soars

Posted on June 17, 2015 by Popular Economics Weekly

The Mortgage Corner Housing construction is taking off, as I predicted two weeks ago. The numbers show actual construction starts accelerating as well as building permits for future construction. It is also boosting builder confidence to a level that signals … Continue reading →

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Higher Retail Sales + Consumer Confidence = Growth

Posted on June 16, 2015 by Popular Economics Weekly

Popular Economics Weekly The consumer showed a lot of life in May, driving up retail sales 1.2 percent with gains sweeping nearly all components. A leading component in the month was motor vehicle sales which jumped 2.0 percent, excluding which … Continue reading →

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Friday’s Unemployment Report Was Gangbusters!

Posted on June 9, 2015 by Popular Economics Weekly

Popular Economics Weekly Why start with motor vehicle sales, I said yesterday? Because jobs are created these days only when consumers buy more, and they will only grow their purchases when incomes are rising. So the good news in Friday’s … Continue reading →

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Where’s the Outrage, Mr. President?

Posted on June 5, 2015 by Popular Economics Weekly

Financial FAQs Where’s the outrage, Mr. President, when the New York Times just reported that at least 250 Disney World employees have been discharged, with many forced to train their own foreign replacements that have temporary H-IB work visas? Those … Continue reading →

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Big Surge In Vehicle Sales, Service Sector, ADP Employment

Posted on June 4, 2015 by Popular Economics Weekly

Popular Economics Weekly Why start with motor vehicle sales? “Consumers weren’t holding back in May when it came to buying cars and trucks which sold at a 17.8 million annual rate for a whopping 7.9 percent gain from April,” said … Continue reading →

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Pending Home Sales In Record Territory

Posted on June 2, 2015 by Popular Economics Weekly

The Mortgage Corner Pending home sales hit a 9-year high in April, according to data released last Friday by the National Association of Realtors. This is an early sign that housing construction and sales will come out of their winter … Continue reading →

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IRS Data Theft and Russia’s Red Notice

Posted on May 29, 2015 by Popular Economics Weekly

It has to be more than a coincidence that the recent cyber theft of IRS tax data has been traced to Russian criminals. IRS investigators believe the identity thieves who stole the personal tax information of more than 100,000 taxpayers … Continue reading →

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New-Home Sales, Case Shiller Index On the Rise

Posted on May 26, 2015 by Popular Economics Weekly

The Mortgage Corner–II As if to confirm U.S. housing starts and building permits’ jump to their highest levels in nearly 7-1/2 years, the sales rate of new single-family houses in April 2015 rose even higher at a seasonally adjusted annual … Continue reading →

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Higher Minimum Wage Strengthens Labor Unions

Posted on May 22, 2015 by Popular Economics Weekly

Popular Economics Weekly Unions may have been weakened by Republican efforts to abolish labor’s collective bargaining power, (in order to weaken their support of Democratic Party policies), but that may be changing as unions have found a new cause—working to … Continue reading →

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