Tag Archives: federal budget

What Happens to 1% with Demo’s Blue Wave?

The Mortgage Corner   Washington Post Now that the Democrats will be taking back the US House of Representatives in January, can they enact programs that improve the record income inequality in America? American citizens have the least equal incomes … Continue reading

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How Severe Will Be The Next Recession?

Financial FAQs Graph: TradingEconomics.com Why are we discussing the possibility of a severe recession when GDP growth is expected to average 3 percent this year, the highest annual average growth rate in several years? Because there is too much federal … Continue reading

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New-Home Sales, Consumer Confidence Booming

The Mortgage Corner Graph: Econoday In spite of rising mortgage rates, new-home sales are booming and consumer confidence is at multi-year highs. March new-home sales rose 4.0 percent annualized to 694,000 and is just off the expansion high of 711,000 … Continue reading

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A Gangbusters February Employment Report

Popular Economics Weekly The U.S. added 313,000 new jobs in February, the biggest gain in a year and a half and clear evidence that a strong economy has plenty of room to keep expanding, said Marketwatch. The unemployment rate of … Continue reading

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Rising Existing-Home Sales Not Enough

The Mortgage Corner WASHINGTON (October 20, 2017) — After three straight monthly declines, existing-home sales slightly reversed course in September, but ongoing supply shortages and recent hurricanes muted overall activity and caused sales to fall back on an annual basis, … Continue reading

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Tightening Credit = Bad Economic News (Revised)

Popular Economics Weekly When is the next financial crisis? A Deutsche Bank study predicts it could be sooner than we know, as I said last week. Because the Federal Reserve reiterated its intent to begin to sell off the $4.5 … Continue reading

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When Will Fed Raise Interest Rates?

The Mortgage Corner It has been puzzling many major economists, including Nobelist Paul Krugman, Obama advisor Larry Summers, and Minneapolis Fed Chair Narayan Kacherlakota, why Janet Yellen’s Fed is still talking about raising interest rates when current inflation numbers are … Continue reading

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