Category Archives: Weekly Financial News

Has the Housing Market Recovered?

Posted on January 27, 2020 by Popular Economics Weekly

The Mortgage Corner FRED The just-released single-family sales graph highlights a very important fact. New-home sales—especially for single-family residences—are back to historical levels last seen in 2000. The Great Recession and oversupply during the housing bubble caused so much damage … Continue reading →

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Retail Sales Strengthen Q4 Growth

Posted on January 22, 2020 by Popular Economics Weekly

The Mortgage Corner FRED It looks like consumers came through during the holidays, as retail sales jumped 0.3 percent in December and are up 3.5 percent from a year ago, per the above FRED (St. Louis Fed) graph. It might … Continue reading →

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Housing Construction at 13-Year High

Posted on January 18, 2020 by Popular Economics Weekly

The Mortgage Corner Wrightson.com U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion … Continue reading →

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What Is American Socialism?

Posted on January 13, 2020 by Popular Economics Weekly

Financial FAQs What is American Socialism that candidate Bernie Sanders has talked about ever since he has been running for President? In fact, our one and only example of something that represents any definition of Socialism and concerted government planning … Continue reading →

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December Job Formation Slipping

Posted on January 10, 2020 by Popular Economics Weekly

Popular Economics Weekly MarketWatch This MarketWatch graph gives an instant picture of December payroll formation. The consumer-driven service sector is booming with more than 154,000 nonfarm payroll jobs created in December, but 19,000 jobs were lost in the Mining and … Continue reading →

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Why Irrational Exuberance In A Year of Living Dangerously?

Posted on January 8, 2020 by Popular Economics Weekly

Financial FAQs Wrightson.com We are now living in a much more dangerous world, because there is the possibility of war in the Middle East that is accompanying the various trade wars waged by the “Make America Great” White House. In … Continue reading →

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Today’s Very Unequal, Minimum Wage Laws

Posted on January 1, 2020 by Popular Economics Weekly

Financial FAQs nymag.com This New Year is a good time to talk about our record income inequality, in the hope that it can be improved. Because it’s the reason a minority of white male Republicans have been able to hold … Continue reading →

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A New Year’s Wish—Greater Prosperity for All of US!

Posted on December 26, 2019 by Popular Economics Weekly

Popular Economics Weekly Although this cannot happen until results of the 2020 presidential election overturn a Republican Senate, I wish for something that President Eisenhower has said best. With higher tax rates that prevailed in the 1950-1970s, corporations in the … Continue reading →

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Q3 GDP Unchanged

Posted on December 20, 2019 by Popular Economics Weekly

Popular Economics Weekly FRED The Commerce Department’s final estimate of third quarter U.S. economic growth was unchanged at 2.1 percent, as strong consumer spending was offset by weaker business investment and shrinking inventories. Consumers were the difference, as they kept … Continue reading →

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Full Speed Ahead for Housing Construction, Sales?

Posted on December 17, 2019 by Popular Economics Weekly

The Mortgage Corner Wrightson.com The ultra-low interest rates are making a difference as homebuilder sentiment is soaring along with new building permits, which should boost new and existing-home sales as well. For instance, more new homes on the market encourage … Continue reading →

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