Category Archives: Weekly Financial News

U.S. Economy Is In Recovery

Posted on October 29, 2012 by Popular Economics Weekly

Popular Economics Weekly I mentioned last week that the U.S. economy is now growing faster than the rest of the developed world. How can that be, you say, with all the election propaganda saying the recovery has been a failure?  … Continue reading →

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New-Home Sales, Mortgages Boosting Growth

Posted on October 25, 2012 by Popular Economics Weekly

The Mortgage Corner Following the 15 percent housing construction bump in September, new-home sales rose 11.7 percent and are up 27 percent over September 2011, as inventories have shrunk to a meager 4.5 months, especially at the affordable level. The … Continue reading →

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Better Growth and Jobs Ahead?

Posted on October 23, 2012 by Popular Economics Weekly

Popular Economics Weekly The U.S. economy is now growing faster than the rest of the advanced economies. And the Fed just announced it will discuss a possible expansion of the size of its third round of bond buying (QE3) and … Continue reading →

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President Obama’s Record Achievements

Posted on October 22, 2012 by Popular Economics Weekly

Financial FAQs Why so many doubters of the President’s record? Candidate Romney would have us believe Obama has accomplished nothing, but in fact President Obama has one of the most history making legislative records since FDR. The Washington Monthly lists … Continue reading →

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Housing Construction, Retail Sales Surge

Posted on October 18, 2012 by Popular Economics Weekly

The Mortgage Corner Another sign that the economy is finally recovering—new housing starts surged 15 percent, to their highest levels since 2008 and the beginning of the Great Recession. This is boosting construction employment in particular, but also finance, insurance … Continue reading →

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Romney-Ryan Austerity Leaves Out 47 Percent

Posted on October 15, 2012 by Popular Economics Weekly

Popular Economics Weekly It should be obvious by now that the Romney-Ryan program of fiscal austerity—cutting government spending, while cutting taxes in the hope businesses and their investors will invest more of their wealth—can’t work. Latest evidence is the just … Continue reading →

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Consumers Back on Track?

Posted on October 13, 2012 by Popular Economics Weekly

Financial FAQs The one sector of the economy that can revive growth—consumers—look to finally believe the Great Recession is over. Consumer sentiment unexpectedly rose to its highest in five years in October as consumers became more optimistic about the economy … Continue reading →

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Shadow Housing Inventory, Foreclosures Fall

Posted on October 10, 2012 by Popular Economics Weekly

The Mortgage Corner CoreLogic reported the current residential shadow inventory as of July 2012 fell to 2.3 million units, representing a supply of six months. This was a 10.2 percent drop from July 2011, when shadow inventory stood at 2.6 … Continue reading →

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Consumers In Holiday Mood

Posted on October 8, 2012 by Popular Economics Weekly

Popular Economics Weekly Consumers are going to celebrate the holidays in a much bigger way than in recent years. Not only have consumer confidence and expectations been rising since summer, but consumer borrowing is exploding, signaling that we will see … Continue reading →

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Foreclosures Down, Mortgage Activity Surging

Posted on October 4, 2012 by Popular Economics Weekly

The Mortgage Corner The Mortgage Bankers Association reported that its Refinance Index increased 20 percent from the previous week. This was the highest Refinance Index recorded in the survey since April of 2009. The seasonally adjusted Purchase Index increased 4 … Continue reading →

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