Category Archives: Weekly Financial News

Q3 Real GDP Jumps +33 Percent

Popular Economics Weekly Calculated Risk We are not really out of the COVID recession, per Calculated Risk graph, even though the US Bureau of Economic Analysis (BEA) “advance” estimate of third quarter GDP growth increased +33.1 percent. But it’s still … Continue reading

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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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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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Why the Housing Shortage?

The Mortgage Corner Calculated Risk Booming Realtors’ existing-home sales are showing there is a very severe housing shortage with record sales and a record low housing inventory. Calculated Risk says the for-sale inventory is was down 18.6 percent year-over-year (YoY) … 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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Joblessness to Increase This Fall

Popular Economics Weekly FREDinitialclaims The initial claims for unemployment insurance curve has flattened, rather than continuing to decline as the US economy opens. Not a good sign for future job growth.  Why? The coronavirus infection rate hasn’t declined, in a … Continue reading

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Should The Fed Boost Inflation?

Financial FAQs FRED10yrInflation The Federal Reserve is so desperate to support growth in this pandemic that it wants to allow inflation to rise above its 2 percent target range. Why? Inflation and rising prices are usually a sign of economic … Continue reading

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