Category Archives: Weekly Financial News

Boom Times Here with Rising Retail Sales, Inflation

The Mortgage Corner Retail sales jumped 0.8 percent in May which easily tops economists’ estimates. And the results include an upward revision to April which now stands at a 0.4 percent gain, according to Econoday. It is in part due … Continue reading

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The Price of Incompetence in Foreign Policy and Trade

Popular Economics Weekly The Trump administration’s foreign policy is becoming obvious after the Singapore Summit with North Korea—Make Russia, N Korea, China (and almost every other authoritarian government in the world) Great Again at the expense of America and its … Continue reading

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Record Income Inequality + Trade War = Another Recession?

Popular Economics Weekly Graph: BigTrends.com The Smoot-Hawley Tariff Act, so called, was imposed in 1930 when the Hoover administration raised tariffs on 20,000 foreign, mostly agricultural, imports in an attempt to protect American farmers as we were entering the Great … Continue reading

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JOLTS Report Suggests Workers Holding Out for Higher Pay

Financial FAQs Graph: Econoday “For the first time in nearly 20 years of existing records, the number of job openings, at 6.698 million in April, is exceeding the number of unemployed actively looking for work, at 6.346 million in April … Continue reading

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Strong May Employment, But Future Uncertain

Popular Economics Weekly Graph: Marketwatch The unemployment rate edged down to 3.8 percent in May, and the number of unemployed persons declined to 6.1 million, reported the Bureau of Labor Statistics this morning. Over the year, the unemployment rate was … Continue reading

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April Housing Sales Slow

The Mortgage Corner Graph: Econoday The above graph says it all. With rising interest rates, housing sales are slowing a bit. Total existing-home sales, https://www.nar.realtor/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 2.5 percent … Continue reading

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Housing Construction, Leading Economic Indicators Still Strong

The Mortgage Corner Graph: Econoday The residential housing market is still starving—of supply, that is. Not enough homes are being built to meet the surging demand of new households from both millennials and immigrants. This is when construction starts fell … Continue reading

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