Monthly Archives: July 2014

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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