Category Archives: Weekly Financial News

Is Happiness That Important to Americans?

Posted on April 14, 2017 by Popular Economics Weekly

Popular Economics Weekly What a strange question to ask Americans! We are the wealthiest country in the world, right? But a recent survey claims to show that wealth accumulation is not the first priority for most of the world. In … Continue reading →

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Why the Weak March Employment Report?

Posted on April 8, 2017 by Popular Economics Weekly

The Mortgage Corner The good news is the unemployment rate fell to 4.5 percent, and number of unemployed persons (i.e., available for work) declined by 326,000 to 7.2 million. Both measures were improved numbers over the year. But just 98,000 … Continue reading →

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Consumers Too Optimistic?….Then Watch Out Below!

Posted on April 4, 2017 by Popular Economics Weekly

Popular Economics Weekly Consumer confidence has risen to what might be unsustainable levels—the highest in 16 years. That was in 2000, which was at the end of a 10-year economic recovery, the longest recovery since WWII. The Conference Board’s index … Continue reading →

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Job Claims Down, GDP Revised Up, And 2017?

Posted on March 31, 2017 by Popular Economics Weekly

Financial FAQs Initial weekly jobless claims for unemployment benefits, the best predictor of employment trends, continues downward, but with some upward blips of late that are probably due to still severe weather in the northeast (snow) and south (tornadoes). And … Continue reading →

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Consumer Confidence Highest In 16 Years

Posted on March 28, 2017 by Popular Economics Weekly

Financial FAQs The Conference Board’s Consumer Confidence Index soared to its highest level in 16 years. Its Consumer Confidence Index®, which had already increased in February, improved again in March. The Index now stands at 125.6 (1985=100), up from 116.1 … Continue reading →

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New Home Sales Surge, Existing Sales Not So Much

Posted on March 27, 2017 by Popular Economics Weekly

The Mortgage Corner New home sales shot 6.1 percent higher in February to a 592,000-annualized rate and is near the 600,000 top estimate of economists. Sales appeared to have gotten a boost from builder concessions as the median price fell … Continue reading →

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A Greater Lawlessness—Self Interest vs. The Common Interest

Posted on March 26, 2017 by Popular Economics Weekly

Popular Economics Weekly Are we at the beginning of an era of Greater Lawlessness, or nearing the end, with the greatest law breaking we may have seen in our lifetime? And are we at the beginning or end of the … Continue reading →

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New Home Sales Surge

Posted on March 23, 2017 by Popular Economics Weekly

The Mortgage Corner New home sales shot 6.1 percent higher in February to a 592,000 annualized rate that easily beats the Econoday consensus for 565,000 and is near the top estimate of 600,000. Sales seemed to have a boost from … Continue reading →

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Leading Indicators Signal Strong Growth Ahead, If…

Posted on March 20, 2017 by Popular Economics Weekly

Popular Economics Weekly The Republican Congress needs to abandon its obsession with repealing Obamacare, since Republicans will never agree on a replacement, and many Senate Republicans have just announced they oppose the current Republican House Trumpcare proposal. Instead they need … Continue reading →

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Single-Family Construction Exploding

Posted on March 16, 2017 by Popular Economics Weekly

Popular Economics Weekly Starts on new houses climbed 3 percent in February to the second-highest level since 2007, reflecting pent-up demand in a steadily growing economy that builders are aiming to address. And builder optimism continues to rise to new … Continue reading →

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