Tag Archives: interest rates

Will Housing Recover?

Posted on December 24, 2024 by Popular Economics Weekly

The Mortgage Corner Total existing-home sales[1] – completed transactions that include single-family homes, townhomes, condominiums and co-ops – improved 4.8% from October to a seasonally adjusted annual rate of 4.15 million in November. Year-over-year, sales bounced 6.1% (up from 3.91 … Continue reading →

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Bidenomics Cause of Recovery

Posted on December 20, 2024 by Popular Economics Weekly

Financial FAQs “Real gross domestic product (GDP) increased at an annual rate of 3.1 percent in the third quarter of 2024, according to the “third” estimate. In the second quarter, real GDP increased 3.0 percent. The increase in the third … Continue reading →

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Higher Economic Growth Ahead?

Posted on December 13, 2024 by Popular Economics Weekly

Popular Economics Weekly The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 3.3 percent on December 9, unchanged from December 5 after rounding. After recent releases from the US Census Bureau and … Continue reading →

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Was Inflation the Problem?

Posted on December 12, 2024 by Popular Economics Weekly

Popular Economics Weekly “The West Wing may believe Bidenomics is working because the macroeconomic gurus at the Federal Reserve are telling the White House it’s working. But Bidenomics has failed to create sufficient tangible improvement in the lives of most … Continue reading →

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Why Another Gilded Age?

Posted on December 11, 2024 by Popular Economics Weekly

Financial FAQs “I remember ’29 very well … the drugged and happy faces of people who built paper fortunes on stocks they couldn’t possibly have paid for. … In our little town bank presidents and track workers rushed to pay … Continue reading →

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Job Market Still Booming

Posted on December 6, 2024 by Popular Economics Weekly

Popular Economics Weekly Total nonfarm payroll employment rose by 227,000 in November, and the unemployment rate changed little at 4.2 percent, the U.S. Bureau of Labor Statisticsreported today. Employment trended up in health care, leisure and hospitality, government, and social … Continue reading →

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Why the Inflation Problem?

Posted on November 23, 2024 by Popular Economics Weekly

Financial FAQs Most of us remember when a gallon of gas was less the $2, or a quart of milk less than $1, or housing was last affordable in the 1970s. I remember the inflation surges in housing. What happened? … Continue reading →

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Holiday Sales Booming

Posted on November 16, 2024 by Popular Economics Weekly

Popular Economics Weekly FREDretailsales The Commerce Department reported Retail trade sales were up 0.4 percent (±0.5 percent)* from September 2024, and up 2.6 percent (±0.5 percent) from last year. Nonstore retailers were up 7.0 percent (±1.4 percent) from last year, … Continue reading →

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Inflation Is Not the Problem

Posted on November 14, 2024 by Popular Economics Weekly

Financial FAQs Inflation is close to its long-term 2 percent range, so the Federal Reserve has accomplished its goal of stabilizing prices. Yet the election results show that rising prices since the COVID-19 pandemic most panicked voters; even more than … Continue reading →

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Who Will Drain the Swamp?

Posted on November 12, 2024 by Popular Economics Weekly

ANSWERING KENNEDY’S CALL “This is so bad. We have just gotten list of amendments to be included in bill NOT from our R colleagues, but from lobbyists downtown,” said Missouri Dem Senator Claire McCaskill. “None of us have seen this … Continue reading →

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