Monthly Archives: May 2012
Home Prices Finally Rising!
The Mortgage Corner Even the S&P Case-Shiller Home Price Index, a 3-month average of all existing-home prices that lags all other indexes—such as FHFA and CoreLogic—says home prices are finally showing signs of life. Why? Inventories are declining as investors … Continue reading
Some Institutions Are Too Big To Succeed
Financial FAQs The conversation may change with JP Morgan Chase’s latest $2 plus billion faux pas. Instead of being too big to fail, we may find that the Wall Street behemoths in particular have become too big to succeed. That … Continue reading
Housing Affordability at Record High
The Mortgage Corner Nationwide housing affordability hit a new record high for a second consecutive quarter in the first three months of this year, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). So much so, … Continue reading
Builder Confidence Rises Five Points in May
The Mortgage Corner It may not seem like much in such a depressed real estate market, but builder confidence in the market for newly built, single-family homes gained five points in May from a downwardly revised reading in the previous … Continue reading
The War on Workers
Popular Economics Weekly We are seeing what can only be called a war on workers by Tea Party Republicans in particular. Who are workers? The 80 percent of consumers who are wage and salary earners. And they have not done … Continue reading
Ryan Budget Punishes the Poorest—A Return to ‘Les Miserables’?
Popular Economics Weekly We know Victor Hugo’s message is alive and well when Paul Ryan’s latest budget proposal continues to punish the poorest for the sins of the wealthiest who caused the Great Recession, and have yet to be punished. … Continue reading
We Can’t Stall the Recovery!
Financial FAQs It is really disgusting that there isn’t the political will to grow more jobs, both here and in Europe. And creating more jobs is the key to bringing us out of the deep hole of the Great Recession, … Continue reading
Manufacturing Continues Expansion (So Austerity Not the Answer)
“Manufacturing continues to lead U.S. recovery”, said the April ISM manufacturing survey that measures overall manufacturing activity. “The PMI registered 54.8 percent, an increase of 1.4 percentage points from March’s reading of 53.4 percent, indicating expansion in the manufacturing sector … Continue reading
