Category Archives: Economy

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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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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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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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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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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