Category Archives: Weekly Financial News

Fear of Recession Rises as Wholesale Prices Fall

The Mortgage Corner MarketWatch The wholesale cost of raw and partly finished goods both fell in August and are negative in the past year, suggesting little inflation in the “pipeline,” according to the Bureau of Labor Statistics. Wholesale inflation has … Continue reading

Posted in Consumers, Economy, Weekly Financial News | Tagged , , , , | Leave a comment

JOLTS Survey Reports Increase in Hiring

Financial FAQs Calculated Risk This Calculated Risk graph for the Labor Department’s Job Openings and Labor Turnover Survey says (almost) all of it. The yellow line signifying job openings is still soaring far above hires (blue line); so much so … Continue reading

Posted in Consumers, Economy, Weekly Financial News | Tagged , , | Leave a comment

Why Fewer Jobs Created in August?

Popular Economics Weekly MarketWatch The economy added just 130,000 new jobs in August, marking the smallest increase in three months and offering more evidence that hiring has slowed amid a broadening trade dispute with China that’s disrupted the U.S. and … Continue reading

Posted in Consumers, Economy, Weekly Financial News | Tagged , , | Leave a comment

What Happens When % Rates Go Even Lower?

The Mortgage Corner FRED The NAR’s pending home sales index was softer than expected in July, thereby reversing nearly all of its June increase.  That left the index with a slight YOY decline of 0.3 percent.  Those results probably mean … Continue reading

Posted in Consumers, Economy, Housing, housing market, Weekly Financial News | Tagged , , , | Leave a comment

Q2 GDP Growth Slowing—What Else?

Popular Economics Weekly BEA.gov The 2nd estimate of second quarter Real Gross Domestic Growth slowed to 2 percent, from 3.1 percent in January. It looks like GDP is slowing to the average rate that has prevailed since the end of … Continue reading

Posted in Consumers, Economy, Macro Economics, Politics, Weekly Financial News | Tagged , , , , | Leave a comment

Budget Deficits With the Laffer Curve

Financial FAQs Wikipedia There is an economic theory of sorts that helps us to understand why our political parties can’t agree on how to grow an economy that benefits most Americans. It’s called the Laffer Curve, reputedly first drawn on … Continue reading

Posted in Economy, Keynesian economics, Politics, Weekly Financial News | Tagged , , , , , , , | Leave a comment

Housing Sales Higher, % Rates Plunging to Zero?

The Mortgage Corner Calculatedriskblog Total July existing-home sales, https://www.nar.realtor/existing-home-sales that include single-family homes, townhomes, condominiums and co-ops, rose 2.5 percent from June to a seasonally adjusted annual rate of 5.42 million in July, according to the National Association of Realtors … Continue reading

Posted in Consumers, Economy, Housing, housing market, Weekly Financial News | Tagged , , , , | Leave a comment