Monthly Archives: June 2018

Low Mortgage Rates Boost Sales–Even with Limited Supply

The Mortgage Corner Graph: FRED How is it possible the 30-year fixed conforming rate has fallen again to 4.0 percent for 1 origination point in California, yet has never been below 5 percent before the Great Recession, when mortgage fixed … Continue reading

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Trade Wars Kill Future Growth—Part II

Popular Economics Weekly The sad reality is that in initiating trade wars with allies and opponents alike, President Trump could be bringing on the next Great Recession. Because breaking up trade alliances with our allies means less leverage in any … Continue reading

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Trade Wars Kill Future Growth—Part II

Popular Economics Weekly The sad reality is that in initiating trade wars with allies and opponents alike, President Trump could be bringing on the next Great Recession. Because breaking up trade alliances with our allies means less leverage in any … Continue reading

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Trade Wars Not Good For Future Growth Either

Popular Economics Weekly The Conference Board Leading Economic Index® (LEI)for the U.S. increased 0.2 percent in May to 109.5 (2016 = 100), following a 0.4 percent increase in April, and a 0.4 percent increase in March. This monthly announcement of … Continue reading

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Housing Construction Booming For How Long With a Trade War?

The Mortgage Corner How is it possible the 10-year Treasury yield has fallen back to 2.88 percent, and the 30-year fixed conforming rate is again 4.0 percent for 1 origination point in California? It’s all because the Trump trade wars … Continue reading

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Boom Times Here with Rising Retail Sales, Inflation

The Mortgage Corner Retail sales jumped 0.8 percent in May which easily tops economists’ estimates. And the results include an upward revision to April which now stands at a 0.4 percent gain, according to Econoday. It is in part due … Continue reading

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The Price of Incompetence in Foreign Policy and Trade

Popular Economics Weekly The Trump administration’s foreign policy is becoming obvious after the Singapore Summit with North Korea—Make Russia, N Korea, China (and almost every other authoritarian government in the world) Great Again at the expense of America and its … Continue reading

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