Category Archives: Weekly Financial News

Existing-Home Inventory Lowest in 18 years

Posted on January 24, 2018 by Popular Economics Weekly

The Mortgage Corner There aren’t enough home to sell. Sales of previously-owned homes tumbled in December as an ongoing inventory crunch became more worrisome with few homes to sell in parts of the country. Existing-home sales were down 3.6 percent … Continue reading →

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Immigration and Trump’s “S***Hole” Comment

Posted on January 17, 2018 by Popular Economics Weekly

Popular Economics Weekly How should we remember Martin Luther King, Jr. on his holiday? That greater equality creates greater prosperity for all; as well as greater peace. President Trump’s S***Hole comments were meant as a signal to his neo-nazi supporters … Continue reading →

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Why Raise Interest Rates Now?

Posted on January 13, 2018 by Popular Economics Weekly

Financial FAQs The Federal Reserve is warning about the consequences of the just passed tax reform bill, which includes adding some $1.5 trillion to the federal debt in ten years. New York Fed President William Dudley says it will put … Continue reading →

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Aren’t Tax Cuts Wonderful?

Posted on January 8, 2018 by Popular Economics Weekly

Popular Economics Weekly Those were President Trump’s words on the $3.2 trillion in tax cuts enacted by the Republican majority congress before Christmas. “These are the biggest tax cuts in history, even bigger than President Reagan’s.” He’s right that they … Continue reading →

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What Happens in 2018?

Posted on January 5, 2018 by Popular Economics Weekly

Popular Economics Weekly The New Year will make some people very wealthy—mainly stockholders, corporate execs, and real estate moguls. And as minimum wages begin to rise this year in many cities and states (but not all), those at the lower … Continue reading →

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2017—A Nightmare Year

Posted on January 1, 2018 by Popular Economics Weekly

Popular Economics Weekly “For what does it profit a man to gain the whole world and forfeit his soul?” Jesus was to have said to his disciples. This should be the proverb that describes 2017, a year of lost souls. … Continue reading →

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Whither Go 2018 Interest Rates?

Posted on December 28, 2017 by Popular Economics Weekly

Financial FAQs The 10-year benchmark Treasury yield dropped 5.12 points yesterday, the biggest drop in 5 months, according to Marketwatch. It is hovering just above a 2.4 percent yield—which is why one can still obtain a 30-year fixed rate conforming … Continue reading →

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More Repub Lawlessness—Greatest Theft in History

Posted on December 26, 2017 by Popular Economics Weekly

Financial FAQs The Republican’s tax bill has passed, and it is the greatest theft of taxpayer monies in history; even greater than Presidents’ Reagan and Bush I and II tax cuts that began the immense transfer of wealth to the … Continue reading →

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Housing Market Is Booming!

Posted on December 20, 2017 by Popular Economics Weekly

The Mortgage Corner Both new and existing-home sales are highest since the end of the Great Recession, thanks to interest rates that are still at historical lows, and in spite of the Fed’s latest 0.25 percent rate hike. It looks … Continue reading →

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Republican’s Tax Reform = U.S. Bankruptcy?

Posted on December 18, 2017 by Popular Economics Weekly

Popular Economics Weekly We know most of the sordid details, by now. The Repubs’ about-to-be-approved tax bill will drive the U.S. into a defacto bankruptcy. It contains very little for the middle and lower income tax brackets that do the … Continue reading →

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