Monthly Archives: May 2014

T Piketty and Capital Beyond the 21st Century

Posted on May 26, 2014 by

Popular Economics Weekly Thomas Piketty’s Capital in the 21st Century is about more than proving that excessive income and wealth inequality has been the norm over centuries by so-called free market capitalism, or its social democratic versions in Europe. It’s … Continue reading →

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Where Is Housing Affordable Anymore?

Posted on May 23, 2014 by

Financial FAQs How much salary do you need in order to afford the principal and interest payments on a median-priced home in your metro area? To find out, HSH.com, a mortgage data service, took the National Association of Realtors’ first-quarter … Continue reading →

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New-Home Construction, Permits Soar

Posted on May 19, 2014 by

The Mortgage Corner Housing starts jumped in April and building permits hit their highest level in nearly six years, offering hope the weak housing market could be stabilizing, according to the US Census Bureau’s April report on housing starts.  This … Continue reading →

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New Fannie, Freddie Regulator Won’t Cut Loan Limits

Posted on May 13, 2014 by

The Mortgage Corner WASHINGTON (MarketWatch) — This headline just out.  Mortgage-finance giants Fannie Mae and Freddie Mac won’t be directed to lower the limits for mortgages that they back, the new head of their federal regulator said Tuesday. In a … Continue reading →

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Why Low Interest Rates Are Here to Stay

Posted on May 6, 2014 by

Financial FAQs Some have called it a Putin bond rally. Or it might be new Fed Chairperson Yellen’s determination to keep interest rates as low as possible, until economic prosperity returns to Main Street. It might as well be because … Continue reading →

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288,000 Payroll Jobs Created

Posted on May 2, 2014 by

Financial FAQs Is the Great Recession finally over? It would seem so with total nonfarm payroll employment up by 288,000, and the unemployment rate down by 0.4 percentage point to 6.3 percent in April, the U.S. Bureau of Labor Statistics … Continue reading →

Posted in Consumers, Economy, Keynesian economics, Politics, Weekly Financial News | Tagged , , , , , , , , | 1 Comment