Category Archives: Weekly Financial News

U.S. Will Badly Need Immigrants

Posted on March 9, 2017 by Popular Economics Weekly

Popular Economics Weekly For most of the past half-century, adults in the U.S. Baby Boom generation – those born after World War II and before 1965 – have been the main driver of the nation’s expanding workforce, reports the PEW … Continue reading →

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A Gangbusters Jobs Report Tomorrow?

Posted on March 8, 2017 by Popular Economics Weekly

Financial FAQs It looks like tomorrow’s unemployment report could be the best of the New Year.  That’s because ADP’s February private payroll estimate is 298,000, a yuge number. This would make tomorrow’s jobs report the biggest gain since October 2015 … Continue reading →

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2017 Manufacturing Off To Good Start

Posted on March 2, 2017 by Popular Economics Weekly

Popular Economics Weekly What is happening with manufacturing? The ISM manufacturing index jumped 1.7 points in February to a 57.7 level that beats the consensus by 1.3 points. This is the strongest rate of monthly growth in composite activity since … Continue reading →

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Slower Q4 Growth, (But) Higher Consumer Confidence

Posted on March 1, 2017 by Popular Economics Weekly

Financial FAQs The growth in the U.S. economy in the final quarter of Barack Obama’s presidency was left at 1.9 percent, held down by a bigger trade deficit even as consumer spending rebounded strongly. In fact, Q4 GDP growth slowed … Continue reading →

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Home Sales Reach 10-year High

Posted on February 22, 2017 by Popular Economics Weekly

Financial FAQs Existing-home sales ran at a seasonally adjusted annual pace of 5.69 million, the National Association of Realtors said Wednesday. That was 3.3 percent above an upwardly-revised 5.51 million in December and 3.8 percent higher than a year ago. … Continue reading →

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Mortgage Market Still Obstructs Lower Income Borrowers

Posted on February 20, 2017 by Popular Economics Weekly

The Mortgage Corner Earlier this month, researchers at the Urban Institute’s Housing Finance Policy Center published some of their research on lending standards. Drawing on data from the Home Mortgage Disclosure Act, they found that lower-credit applicants accounted for only … Continue reading →

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Housing Construction Boosted By Low Rates

Posted on February 16, 2017 by Popular Economics Weekly

The Mortgage Corner Housing starts returned to trend, reports the National Association of Home Builders, dropping 2.6 percent to a seasonally adjusted annual rate of 1.246 million units, according to newly released data from the U.S. Department of Housing and … Continue reading →

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Retail Sales and Consumer Prices Show Real Life

Posted on February 15, 2017 by Popular Economics Weekly

Financial FAQs Retail sales rose 0.4 percent last month following a much bigger gain in December than originally reported, the government said Wednesday. Economists polled had forecast a 0.2 percent increase. Retail sales are now up more than 5 percent … Continue reading →

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Let’s Make America More Equal Again!

Posted on February 13, 2017 by Popular Economics Weekly

  Popular Economics Weekly As defeated Democrats mull over what slogan can equal or overcome President Trump’s “Make America Great Again”, I have a suggestion, one that might even enthuse populist Republicans. Let’s make American more equal again, just as … Continue reading →

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Surging Construction Sector Aids Home Sales

Posted on February 7, 2017 by Popular Economics Weekly

The Mortgage Corner Construction payrolls were a positive surprise of the January employment report, rising 36,000 for the best gain since March. Construction was soft through most of last year though it did pick up at year end. And this … Continue reading →

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