Monthly Archives: July 2014

Economic Recovery Is For Real

Popular Economics Weekly We are already in July, and can now see that the US economic recovery is for real, in spite of the past winter. Even economic growth is picking up, so that second quarter Gross Domestic Product might … Continue reading

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Where is Housing Affordable?

The Mortgage Corner Why aren’t there more home buyers? It seems that housing can’t really recover until household incomes recover, and household incomes are barely keeping up with inflation at the moment. We also know that can’t happen until we … Continue reading

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We Need Some Inflation!

Financial FAQs How much inflation is too much inflation? Germany thinks any inflation is too much, based on their 1920s inflation experience when burning money for fuel was cheaper than burning wood. It has led to the EU’s draconian austerity … Continue reading

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What is Yellen’s Real Unemployment Rate?

Financial FAQs Fed Chairwoman Janet Yellen spoke with IMF President Christine Lagard at an epoch-making conference yesterday. It was epoch-making (with luminaries such a ex-Fed Chair Paul Volcker in attendance), because Ms. Yellen told us which unemployment rate she and … Continue reading

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Why Slow Recovery–It’s Housing, Stupid

Popular Economics Weekly Dean Baker, a noted economist with the Center for Economic Policy and Research (NEPR), has probably given the best and most understandable reason for the Great Recession and ultra-slow recovery—it’s the lousy housing market.  The economy is … Continue reading

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Pending Home Sales Up—A Better 2014?

The Mortgage Corner Is the housing market finally beginning to thaw from the polar winter? Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the National Association of Realtors’ Pending … Continue reading

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