Category Archives: Weekly Financial News

US Economic Self-Destruction Imminent?

Posted on July 23, 2018 by Popular Economics Weekly

Financial FAQs The International Monetary Fund has just warned that President Trump’s trade wars could cost the world’s economies some $430B in lost growth. The Washington-based organisation said the current threats made by the US and its trading partners risked … Continue reading →

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Is 4% GDP Growth Real?

Posted on July 18, 2018 by Popular Economics Weekly

Popular Economics Weekly Graph: Econoday Many economists, including Trump economic advisor Larry Kudlow, are predicting up to 4 percent economic growth over the next few quarters. Why? Full employment is enticing consumers to buy more, with booming retail sales and … Continue reading →

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Inflation On the Rise

Posted on July 15, 2018 by Popular Economics Weekly

The Mortgage Corner Inflation is finally rising enough to bite into consumers’ paychecks. It is also a sign that economic growth is increasing at least temporarily, as consumers borrow more to buy more. But the bottom 50 percent of income … Continue reading →

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Consumers ‘Another Day Older and Deeper in Debt…”

Posted on July 11, 2018 by Popular Economics Weekly

Popular Economics Weekly “Ya load sixteen tons, whaddya get, another day older and deeper in debt…”, the famous folksong sung by Burl Ives and Tennessee Ernie Ford describes today’s consumers who are still spending huge amounts of borrowed money at … Continue reading →

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Trumpcare is Killing US!

Posted on July 9, 2018 by Popular Economics Weekly

Financial FAQs It took 4 hours to coax Patricia Okoumou, a Congolese immigrant, down from the Statue of Liberty while wearing a t-shirt that said, “Trumpcare Makes Us Sick.” It was serendipitous timing. She was part of a group wanting … Continue reading →

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June Employment Robust—For How Long?

Posted on July 6, 2018 by Popular Economics Weekly

The Mortgage Corner More workers are being hired in manufacturing and professional services in June’s unemployment report. But this is before the trade war now taking hold with at least 5 allies and trading partners. Washington’s 25 percent duties on … Continue reading →

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Trumpcare Makes Us Sick, or Worse!

Posted on July 5, 2018 by Popular Economics Weekly

Financial FAQs It took 4 hours to coax Patricia Okoumou, a Congolese immigrant, down from the Statue of Liberty while wearing a t-shirt that said, “Trumpcare Makes Us Sick.” It was serendipitous timing. She was part of a group wanting … Continue reading →

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What are Corporations Doing With Their Tax Cut?

Posted on July 3, 2018 by Popular Economics Weekly

Popular Economics Weekly Economists are predicting second quarter GDP growth of as much as 3.8 percent, up from 2.2 percent in Q1 2018. But it may be a one-time surge, as all indications are the massive 2017corporate tax cut that … Continue reading →

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Low Mortgage Rates Boost Sales–Even with Limited Supply

Posted on June 29, 2018 by Popular Economics Weekly

The Mortgage Corner Graph: FRED How is it possible the 30-year fixed conforming rate has fallen again to 4.0 percent for 1 origination point in California, yet has never been below 5 percent before the Great Recession, when mortgage fixed … Continue reading →

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Trade Wars Kill Future Growth—Part II

Posted on June 26, 2018 by Popular Economics Weekly

Popular Economics Weekly The sad reality is that in initiating trade wars with allies and opponents alike, President Trump could be bringing on the next Great Recession. Because breaking up trade alliances with our allies means less leverage in any … Continue reading →

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