Category Archives: Weekly Financial News

Elizabeth Warren’s Teach-in

Popular Economics Weekly What better way to understand Elizabeth Warren’s bid for Massachusetts Senator to replace Scott Brown that conduct a Teach-in, much as the OccupyWallStreeters are doing. She stands for what we all need, after all, more knowledge on … Continue reading

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Housing Picture is Better Than We Know

The Mortgage Corner There have been some developments that tell us housing prices could stabilize and new home construction pick up in the New Year. This is even thought the continuing fall in housing prices has stymied any growth prospects, … Continue reading

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Consumers Feel Better

Popular Economics Weekly Black Friday, or the day after Thanksgiving, was an eye-opener. Sales jumped 7 percent, a record, and Monday’s cyber-sales followed its lead. How can consumers be spending so much with incomes that aren’t rising as much? One … Continue reading

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What Decline of Western Civilization?

Financial FAQs It’s hard to know whether Harvard Historian Niall Ferguson means what he says in his new book, “Civilization: The West and the Rest”; that the Western World’s 500 years of predominance are over, thanks to growing debt problems … Continue reading

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Let’s Put Americans Back to Work

Financial FAQs It’s becoming evident that rather than political gridlock, such as the congressional supercommittee’s obsession with spending cuts, we need to worry about economic growth and jobs. And there are some very good ideas on how to do that, … Continue reading

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Employment Report Means Holiday Cheers!

Popular Economics Weekly Not only were the employment numbers for the past 3 months much higher than originally estimated, but job openings are growing. All we need now is for consumers’ credit conditions to ease to bring back their confidence. … Continue reading

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Dear Supercommittee: “It’s Consumer Spending, Stupid!”

Financial FAQs “With only about a month remaining before its recommendations are due, lawmakers on the congressional supercommittee charged with finding savings from the federal budget wrestled with cuts to defense, foreign aid and other programs on Wednesday”, said Bloomberg … Continue reading

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Third Quarter Growth Will Be Better

Popular Economics Weekly We now know the reasons for this summer’s growth pause. The Japanese earthquake and Tsunami disrupted a fragile recovery at the same time as Europeans found out they had a fragile banking system. And several stimulus programs … Continue reading

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What will Boost Real Estate?

The Mortgage Corner Never in my 30 years as a Mortgage Banker did I think I would see interest rates this low—as low as during Harry Truman’s Presidency. Yet very few homeowners are able to take advantage of those rates, … Continue reading

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Don’t Accept ‘New Normal’ of Slower Growth

Popular Economics Weekly There is no reason to accept what pundits and some economists are telling us we have to accept—a ‘new normal’ for economic growth that is some kind of growth recession. Because we have the means to spur … Continue reading

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