Category Archives: Weekly Financial News

Strong Retail Sales, Job Growth in 2017?

Posted on January 19, 2017 by Popular Economics Weekly

Financial FAQs The prospects for 2017 growth are confusing, to say the least. For instance, will Prez-Elect Trump initiate multiple trade wars by pushing through tariffs on foreign imports to bring manufacturing jobs home to the U.S.? And/or will this … Continue reading →

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Who Killed Our Middle Class?

Posted on January 17, 2017 by Popular Economics Weekly

Popular Economics Weekly It’s becoming clear that our Middle Class—the midsection of U.S. earners and consumers—has shrunk alarmingly. And this is the main reason for the political polarization today that in the words of journalist Christopher Hedges, has driven the … Continue reading →

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Boom Times In 2017 For Consumers?

Posted on January 11, 2017 by Popular Economics Weekly

Popular Economics Weekly Here are more signs that economic growth will increase in 2017. There’s a large increase in revolving credit, one of the largest of the cycle, reports the Federal Reserve, a sign that retail sales are booming (with … Continue reading →

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Real Estate In 2017—Good Time To Buy?

Posted on January 9, 2017 by Popular Economics Weekly

The Mortgage Corner Surging mortgage rates, dwindling inventory, and soaring home prices are taking a toll on Americans’ attitudes toward ownership, according to a home purchase sentiment survey released Monday. But that may be misleading, as mortgage rates have barely … Continue reading →

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156,000 Payroll Jobs, 4.7% Employment

Posted on January 6, 2017 by Popular Economics Weekly

Popular Economics Weekly The highlight of the December unemployment report was that wages rose 2.9 percent annually. And nonfarm payrolls rose a lower-than-expected 156,000 in December but added a net 19,000 to the two prior months (November now at 204,000 … Continue reading →

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Why The Years of Slow Growth?

Posted on January 4, 2017 by Popular Economics Weekly

Popular Economics Weekly Pundits have decried it. Donald Trump has criticized the ‘lousy’ U.S. economy in many of his Tweets, and economists have lamented the 2.4 percent GDP growth rate since 2000, at the time of the dot-com bubble bust. … Continue reading →

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Case-Shiller Home Prices At New Highs

Posted on December 29, 2016 by Popular Economics Weekly

Financial FAQs The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.6 percent annual gain in October, up from 5.4 percent last month. The 10-City Composite posted a 4.3 percent annual … Continue reading →

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New-Home Sales, Confidence Also At New Highs

Posted on December 27, 2016 by Popular Economics Weekly

The Mortgage Corner The Commerce Department on Friday said new home sales increased 5.2 percent to a seasonally adjusted annual rate of 592,000 units last month. That was the second highest pace since 2007, said the NAHB. Economists had forecast … Continue reading →

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New-Home Sales, Confidence Also At New Highs

Posted on December 27, 2016 by Popular Economics Weekly

The Mortgage Corner Just as existing-home sales are at their cyclical highs, the Commerce Department on Friday said new home sales increased 5.2 percent to a seasonally adjusted annual rate of 592,000 units last month. That was the second highest … Continue reading →

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Q3 GDP Growth Now 3.5%!

Posted on December 23, 2016 by Popular Economics Weekly

Popular Economics Weekly The third-quarter lived up to its early expectations, rising with each new revision to an inflation-adjusted 3.5 percent annualized rate for the best showing in two years, said the Commerce Department. The consumer was the main engine … Continue reading →

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