Tag Archives: Federal Reserve

Bad Jobs Report, Another New Deal Needed

Financial FAQs We now know why this economic recovery has been so weak 4 years after the end of the Great Recession. The government has been taken out of the jobs market. Government spending has been cut, rather than increased … Continue reading

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Why Is QE3 So Important For Housing?

The Mortgage Corner Alas, it does look like the Fed’s Governors are about to slow down the $85 Billion in monthly purchases of Treasury Bonds and Mortgage Backed Securities that have been holding down long term interest rates since last … Continue reading

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QE3 Works, So Please Don’t Mess With It!

Financial FAQs Dear Federal Reserve Governors; Please don’t mess with QE3 just yet! Not in September, or even December. There are still too many reasons not to begin to taper the $85 billion per month in purchases that have kept … Continue reading

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Bank Lending Still Stingy

The Mortgage Corner The Federal Reserve just published its quarterly Senior Loan Officer survey on lending standards by the largest banks. They basically adhere to the strictest Fannie Mae and Freddie Mac guidelines for residential loans, such as minimum 620 … Continue reading

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Higher Retail Sales Point to Consumer Health

Popular Economics Weekly Consumers are buying more, a reflection of improving incomes and the jobs market. The U.S. Census Bureau announced Wednesday that advance estimates of U.S. retail and food services sales for February, adjusted for seasonal variation and holiday … Continue reading

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Bernanke’s Fed Growing U.S. Economy

Popular Economics Weekly Right now, the Federal Reserve seems to be the only government agency focused on growing the economy. Washington has otherwise been focused on the sequester agreement, or how to further cut government spending. But such austerity measures … Continue reading

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The Fed Worried About Continued Growth

Popular Economics Weekly Fourth Quarter Gross Domestic Product growth was a bust. What does that say about 2013? Are consumers tapped out, and capital expenditures (capex) shrinking, the two main drivers of economic growth? It doesn’t seem so, as long … Continue reading

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Mortgage Activity Continues To Improve

The Mortgage Corner Increasing mortgage purchase and refinance activity, key forward looking indicators of our housing market, show 2013 should be a great year for housings’ continued recovery. The Mortgage Bankers Association reported its Refinance Index increased 4 percent from … Continue reading

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Why Shouldn’t the Fed Do More?

Financial FAQs Fourth Quarter Gross Domestic Product growth was a bust. And so cries are rising for the Federal Reserve to do more to promote growth (since Congress and the White House can’t or won’t). Actually the Fed has done … Continue reading

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What Budget Problem?

Popular Economics Weekly Does Congress know that our federal budget deficit has been shrinking steadily since 2009, the end of the 18-month Great Recession? Yes, that’s right. A combination of cuts in government spending and very low interest rates on … Continue reading

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