Category Archives: Economy

It’s the Third Largest Housing Boom Ever!

The Mortgage Corner fred.stlouisfed.org The 10-year Treasury bond yield has fallen back to 2.86 percent, which is usually recession territory. And the 30-year conforming fixed rate is 4.125 percent again with a 1-point origination fee. This is unheard of in … Continue reading

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Weaker Employment Report Due to Trade Wars?

Financial FAQs MarketWatch.com Total nonfarm payroll employment increased by 155,000 in November, and the unemployment rate remained unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in manufacturing, and in transportation … Continue reading

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Trade Wars Hurt U.S. the Most!

Popular Economics Weekly Econoday.com Is the trade war hurting U.S. jobs? Yes, says Mauldin Economics’ Patrick Watson, among others. Watson uses US automakers as an example. Ford and GM estimate that the 25 percent steel and 10 percent aluminum tariffs … Continue reading

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Credit Alert—Interest Rates about to Invert

The Mortgage Corner MarketWatch.com The spread between the 2-year note and the 10-year narrowed 4 basis points to 0.16 percentage point on Monday, its flattest levels since July 2007, according to MarketWatch. The 10-year Treasury yield dropped back below 3 … Continue reading

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Climate Becoming Too Hot to Ignore

Answering the Kennedys Call to Action http://www.economist.com The impacts of climate change are already being felt in communities across the country. More frequent and intense extreme weather and climate-related events, as well as changes in average climate conditions, are expected … Continue reading

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Q3 Economic Growth Still Strong

Financial FAQs Econoday.com Q3 real GDP growth was up 3.5 percent, according to the U.S. government Bureau of Economic Analysis. “With this second estimate for the third quarter, the general picture of economic growth remains the same; upward revisions to … Continue reading

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Beware the Shrinking US Dollar!

Popular Economics Weekly Econoday.com Barron’s Magazine reported that the Fed is shrinking credit too quickly, and it will slow not only U.S. economic growth, but growth in the rest of the world as well. Why? Because the U.S. Dollar is … Continue reading

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