Monthly Archives: August 2021

California’s NIMBY Problem

Posted on August 30, 2021 by Popular Economics Weekly

The Mortgage Corner Calculated Risk It’s no secret that California has a housing problem. Its bias for single-family, ‘not-in-my-backyard’ (NIMBY) zoning since the 1960s has finally caught up with reality—in the form of more than 150,000 residents homeless and some 700,000 … Continue reading →

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July Housing Sales Stay Strong

Posted on August 25, 2021 by Popular Economics Weekly

The Mortgage Corner Calculated Risk WASHINGTON (August 23, 2021) – Existing-home sales rose in July, marking two consecutive months of increases, according to the National Association of Realtors®. Three of the four major U.S. regions recorded modest month-over-month gains, and … Continue reading →

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Strong July Retail Sales

Posted on August 18, 2021 by Popular Economics Weekly

Financial FAQs FREDretailsales The DOW plunged more than 400 points at Tuesday’s opening, because retail sales were “weaker” say the pundits. But it was in large part because of lower new car sales, due to a shortage of computer chips. … Continue reading →

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Job Openings At Record High

Posted on August 12, 2021 by Popular Economics Weekly

Popular Economics Weekly Calculated Risk The number of job openings increased to a series high of 10.1 million on the last business day of June (yellow line on CR graph), the U.S. Bureau of Labor Statistics reported on Monday. It seems … Continue reading →

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Another Strong Jobs Report

Posted on August 6, 2021 by Popular Economics Weekly

Popular Economics Weekly MarketWatch.com This was another very strong unemployment report by the Bureau of Labor Statisticss (BLS) with 943,000 new nonfarm payroll jobs added in July and most of it in the service industries. Leisure/Hospitality, Government, Education/Health, and Professional/Business … Continue reading →

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Can We Have a Soft Landing?

Posted on August 2, 2021 by Popular Economics Weekly

The Mortgage Corner CBO Fed Chair Alan Greenspan in early 2000 convinced GW Bush that he could finance GW’s war on terror without raising taxes by borrowing money at ultra-low interest rates. America’s sovereign debt had AAA credit rating at … Continue reading →

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