Category Archives: Weekly Financial News

No Surprises in Q2 GDP. ADP Employment

Financial FAQs FREDGDP The last estimate of Q2 GDP was barely changed, contracting at -31.4 percent vs. -31.7 percent in the second estimate, but that isn’t dampening the stock market, as it looks like the upcoming first estimate of third … Continue reading

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Why the Housing Shortage?

The Mortgage Corner Calculated Risk Booming Realtors’ existing-home sales are showing there is a very severe housing shortage with record sales and a record low housing inventory. Calculated Risk says the for-sale inventory is was down 18.6 percent year-over-year (YoY) … Continue reading

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Where are the Jobs?

Popular Economics Weekly Calculated Risk The number of job openings increased to 6.6 million on the last business day of July, the U.S. Bureau of Labor Statistics reported last week, a good sign. Labor’s JOLTS report will be an important … Continue reading

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Employment Picture Improving?

Popular Economics Weekly MarketWatch It wasn’t as much improvement as expected, and more layoffs are coming with the end of the CARES Act benefits that kept workers on payrolls, or temporarily furloughed. The Labor Department (BLS) reported the August unemployment … Continue reading

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Joblessness to Increase This Fall

Popular Economics Weekly FREDinitialclaims The initial claims for unemployment insurance curve has flattened, rather than continuing to decline as the US economy opens. Not a good sign for future job growth.  Why? The coronavirus infection rate hasn’t declined, in a … Continue reading

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Should The Fed Boost Inflation?

Financial FAQs FRED10yrInflation The Federal Reserve is so desperate to support growth in this pandemic that it wants to allow inflation to rise above its 2 percent target range. Why? Inflation and rising prices are usually a sign of economic … Continue reading

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Why Housing Boom – Part II

The Mortgage Corner Calculated Risk Total existing-home sales, https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, jumped 24.7 percent from June to a seasonally-adjusted annual rate of 5.86 million in July. The previous record monthly increase in … Continue reading

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What’s Next…?

Financial FAQs MarketWatch U.S. stocks finished mostly higher Tuesday, with the S&P 500 index notching its first record close since Feb. 19, and marking the quickest recovery from bear-market territory in its history, according to Dow Jones Market Data.  So … Continue reading

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Happy Consumers Are the Key…

Popular Economics Weekly FREDretailsales Are we heading for a fall in the Fall when the ordinary flu season begins? The chickens may be coming home to roost, as the saying goes, because the US economy opened to soon. Retail sales … Continue reading

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What Future Job Growth?

Financial FAQs Calculated Risk The Job Openings and Labor Turnover Survey (JOLTS) put out by the Labor Department (BLS) probably only makes sense to economists, because it gives a picture of the job market in coming months, as well as … Continue reading

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