Category Archives: Weekly Financial News

Why a Housing Shortage at This Time?

Posted on June 1, 2020 by Popular Economics Weekly

The Mortgage Corner Wrightson.com The Pending Home Sales Index (PHSI),* http://www.nar.realtor/pending-home-sales, a forward-looking indicator of home sales based on contract signings, fell 21.8 percent to 69.0 in April. Year-over-year, contract signings shrank 33.8 percent. An index of 100 is equal … Continue reading →

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Why the Housing Shortage?

Posted on June 1, 2020 by Popular Economics Weekly

The Mortgage Corner Wrightson.com We are now beginning to feel the recession in housing caused by the Coronavirus pandemic. What can we say with so many living on the edge because of the loss, or temporary hiatus, of their jobs? … Continue reading →

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Will Economic Growth Return in Fall?

Posted on May 29, 2020 by Popular Economics Weekly

Financial FAQs Wrightson.com The second estimate of first quarter real GDP growth was revised to a negative -5.0 percent from its initial estimate of -4.8 percent, with the decline in consumer services the main culprit. It only hints at how … Continue reading →

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What Letter Will Describe This Pandemic?

Posted on May 27, 2020 by Popular Economics Weekly

Popular Economics Weekly Conference-board.org The Conference Board’s consumer confidence survey should help to predict the shape of this economic recovery from COVID-19. It’s shape will mirror the degree of “uncertainty” felt by consumers. In the words of Lynn Franco, Senior … Continue reading →

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Will Those Jobs Return?

Posted on May 25, 2020 by Popular Economics Weekly

The Mortgage Corner Wrightson.com Initial claims for unemployment benefits fell by just 249K to 2.438 million in seasonally adjusted terms in the week of May 16, as the businesses begin to reopen in all 50 states.  The aggregate level of … Continue reading →

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The Coming Greater Depression?

Posted on May 8, 2020 by Popular Economics Weekly

Popular Economics Weekly MarketWatch.com Minnesota Fed Governor Neal Kashkari believes the COVID-19 pandemic doesn’t have to bring on another Great Depression. But it will still take some 18 months to recover, and only if Americans are able to cooperate in … Continue reading →

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The Coming Anxiety Pandemic

Posted on May 6, 2020 by Popular Economics Weekly

Popular Economics Weekly Dryuz.com Americans’ confidence in their future is dropping substantially as they decide who to trust during the COVID-19 pandemic. Hence what Nobel laureate economist Robert Shiller has called the rise of its result—an anxiety pandemic. Dr. Shiller’s … Continue reading →

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How Do We Recover From This War—Part II?

Posted on April 24, 2020 by Popular Economics Weekly

Answering the Kennedys’ Call MarketWatch “Every human society must justify its inequalities: unless reasons for them are found, the whole political and social edifice stands in danger of collapse, says economist Thomas Piketty in his latest book, “Capital and Ideology” … Continue reading →

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When Will Housing Recover?

Posted on April 21, 2020 by Popular Economics Weekly

The Mortgage Corner CalculatedRiskBlog The housing market is also in a “medically induced coma” (economist Paul Krugman’s term), as is most of our economy. However, I believe housing will recover sooner than other parts of the economy, because Americans still … Continue reading →

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How Do We Recover From This War?

Posted on April 20, 2020 by Popular Economics Weekly

Answering the Kennedys’ Call Equitable Growth Robert Hormat, a former ambassador and national security advisor in three administrations, has warned in a recent article that we are already fighting a Third World War. “This is not a confrontation of countries … Continue reading →

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