Monthly Archives: September 2020

Why the Housing Shortage?

The Mortgage Corner Calculated Risk Booming Realtors’ existing-home sales are showing there is a very severe housing shortage with record sales and a record low housing inventory. Calculated Risk says the for-sale inventory is was down 18.6 percent year-over-year (YoY) … Continue reading

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The Costs of an Extended Covid-19 Pandemic

Popular Economics Weekly COVID Tracking Project I have been asked many times about my thoughts on the direction of our fall and winter economies, but been hesitant to give specific answers because firstly, it depends on the November election. Republican … Continue reading

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Will We Repeat the Spanish Influenza Pandemic?

Answering the Kennedys’ Call Early in Bob Woodward’s just released best-seller, Rage, President Trump said he knew by February that COVID-19 could act much like the Spanish influenza pandemic of 1918-19. It was estimated to have killed 675,000 Americans and … Continue reading

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Where are the Jobs?

Popular Economics Weekly Calculated Risk The number of job openings increased to 6.6 million on the last business day of July, the U.S. Bureau of Labor Statistics reported last week, a good sign. Labor’s JOLTS report will be an important … Continue reading

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Who Owns America?

Financial FAQs seekingalpha.com Kurt Andersen’s new best seller, Evil Geniuses, The Unmaking of America (2020, Random House), gives a terrific history of the current Gilded Age we are suffering through that has largely benefited Big Business and its enablers. Just … Continue reading

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Employment Picture Improving?

Popular Economics Weekly MarketWatch It wasn’t as much improvement as expected, and more layoffs are coming with the end of the CARES Act benefits that kept workers on payrolls, or temporarily furloughed. The Labor Department (BLS) reported the August unemployment … Continue reading

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What is This Election Really About?

Answering the Kennedys’ Call #eisenhower Now is the time to cure our record income and wealth inequality, since it’s not only adversely affecting the most vulnerable during this pandemic—including our mostly low-income essential health care and public safety workers—but overall … Continue reading

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