Monthly Archives: December 2017

Whither Go 2018 Interest Rates?

Financial FAQs The 10-year benchmark Treasury yield dropped 5.12 points yesterday, the biggest drop in 5 months, according to Marketwatch. It is hovering just above a 2.4 percent yield—which is why one can still obtain a 30-year fixed rate conforming … Continue reading

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

More Repub Lawlessness—Greatest Theft in History

Financial FAQs The Republican’s tax bill has passed, and it is the greatest theft of taxpayer monies in history; even greater than Presidents’ Reagan and Bush I and II tax cuts that began the immense transfer of wealth to the … Continue reading

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

Housing Market Is Booming!

The Mortgage Corner Both new and existing-home sales are highest since the end of the Great Recession, thanks to interest rates that are still at historical lows, and in spite of the Fed’s latest 0.25 percent rate hike. It looks … Continue reading

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

Republican’s Tax Reform = U.S. Bankruptcy?

Popular Economics Weekly We know most of the sordid details, by now. The Repubs’ about-to-be-approved tax bill will drive the U.S. into a defacto bankruptcy. It contains very little for the middle and lower income tax brackets that do the … Continue reading

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

Treasury Yield Curve Too Flat, As Fed’s Raise Interest Rate

Popular Economics Weekly The Federal Reserve FOMC meeting ended with the predicted 0.25 percent rate hike; but it’s happening at the wrong time.  This is the rate that controls credit card interest and the Prime Lending Rate banks use on … Continue reading

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

Another Great Jobs Report

The Mortgage Corner Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, manufacturing, … Continue reading

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

U.S. Taxes Are Not High!

Financial FAQs No, our taxes are not too high, and Americans suffer for it. In fact, the non-partisan Tax Policy Center says U.S. taxes at all levels of government represented 26 percent of GDP, compared with an average of 34 … Continue reading

Posted in Economy, Keynesian economics, Macro Economics, Uncategorized, Weekly Financial News | Tagged , , , , , | Leave a comment