Monthly Archives: September 2012

Existing-Home Sales Improve

Financial FAQs Home resales rose in August to their highest rate in more than two years and groundbreaking on new homes also climbed, signs that a budding housing market recovery is gaining traction. The National Association of Realtors said that … Continue reading

Posted in Economy, Housing, housing market, Weekly Financial News | Tagged , , , , | Leave a comment

Bernanke’s QE3 Challenge

Popular Economics Weekly Should we call him King Ben? Much like King Arthur, Fed Chairman Bernanke and his Roundtable of Fed Governors have taken on the confidence fairies, to use Paul Krugmans’s term, the austerity promoters who believe the only … Continue reading

Posted in Economy, Housing, housing market, Politics, Weekly Financial News | Tagged , , , , , , | Leave a comment

Home Builder’s Confidence at High

The Mortgage Corner This is very big news. Builder confidence in the market for newly built, single-family homes rose for a fifth consecutive month in September to a level of 40 on the National Association of Home Builders/Wells Fargo Housing … Continue reading

Posted in Consumers, Economy, Housing, housing market, Weekly Financial News | Tagged , , , , , | Leave a comment

Income Inequality Behind Most Poverty

Financial FAQs There were 46.2 million Americans in poverty in 2011, as median household income decreased to its lowest level since 2000, according to a Census Bureau report released this week that illustrated the toll from ongoing labor-market weakness. The … Continue reading

Posted in Consumers, Economy, Macro Economics, Politics, Weekly Financial News | Tagged , , , , , , , , , , | Leave a comment

Why Do We Need QE3?

Financial FAQs It’s not hard to see why we need “QE3”, the Fed’s bond buying program to keep long term interest rates low. It’s almost an act of desperation. The Fed is the only game in town to stimulate growth … Continue reading

Posted in Consumers, Economy, Macro Economics, Politics, Weekly Financial News | Tagged , , , , , , , , , , | Leave a comment

Fewer Foreclosures Boosting Housing Prices

The Mortgage Corner Calculated Risk just reported that Lender Processing Services (LPS) released their Mortgage Monitor report for July with some good news. According to LPS, 7.03 percent of mortgages were delinquent in July, down from 7.14 percent in June, … Continue reading

Posted in Consumers, Economy, housing market, Weekly Financial News | Tagged , , , , , , , , , | Leave a comment

August Jobs Report—Manufacturing Slowdown

Popular Economics Weekly The headlines said a “weak” job report on Friday. But it had nothing to do with politics or economic policy, at least directly. The jobs drop was all in manufacturing due to problems in Europe and China. … Continue reading

Posted in Consumers, Economy, Politics, Uncategorized, Weekly Financial News | Tagged , , , , , , | Leave a comment