Monthly Archives: October 2020

End of the Age of Narcissism–Part II?

Answering the Kennedys’ Call USAToday South Dakota’s Sturgis Motorcycle Rally this August was notable for the estimated 450,000 attending during the COVID-19 pandemic. It happened in spite of the almost unanimous warnings given by public health officials that it could … Continue reading

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The Housing Boom Continues

The Mortgage Corner Calculated Risk Total existing-home sales, https://www.nar.realtor/existing-home-sales, including single-family homes, townhomes, condominiums and co-ops, rose 9.4 percent from August to a seasonally-adjusted annual rate of 6.54 million in September. The housing boom continues in the middle of the coronavirus … Continue reading

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The Winter Pandemic is Coming

Financial FAQs COVIDTrackingProject There is little doubt that this fall and winter will show a surge in pandemic illnesses and deaths. States in the Midwest and South will hurt the most, but also some northern states like Montana, North and … Continue reading

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Back to a ‘V’-Shaped Recovery?

Popular Economics Weekly FREDcontinuedclaims Richard Clarida, No.2 official at the Federal Reserve said on Wednesday that the U.S. recession begun in March with the coronavirus pandemic may already be over. “This recession was by far the deepest one in postwar … Continue reading

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Booming Home Sales Create Housing Shortage

The Mortgage Corner Booming Realtors’ existing-home sales are showing there is a very severe housing shortage with record sales and a record low housing inventory. Santa Barbara Realtor Jim Witmer said the demand for Santa Barbara homes is huge and … Continue reading

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Is the Age of Narcissism About to End?

Answering the Kennedys’ Call Are we nearing the end of what historians and psychologists have called the Age of Narcissism, an era that has spawned populist governments and closed borders, the breakup of traditional families and communities, and the election … Continue reading

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Do We Want Another Great Recession?

Financial FAQs MarketWatch Federal Reserve Chair Jerome Powell has warned of “tragic’ economic risks if another coronavirus aid package isn’t passed by congress. This is while President Trump has just said that talks over additional aid will be suspended until … Continue reading

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Unemployment Declines, Modest Hiring

Popular Economics Weekly MarketWatch The economy regained 661,000 jobs in September and the unemployment rate fell for the fifth month in a row to 7.9 percent, the government said Friday. It’s the smallest advance since a recovery began in May, with August … Continue reading

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No Surprises in Q2 GDP. ADP Employment

Financial FAQs FREDGDP The last estimate of Q2 GDP was barely changed, contracting at -31.4 percent vs. -31.7 percent in the second estimate, but that isn’t dampening the stock market, as it looks like the upcoming first estimate of third … Continue reading

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