Stock

Thursday: Retail Sales, Unemployment Claims, Industrial Production, NY and Philly Fed Mfg Surveys, Homebuilder Confidence

Note: On October 23rd, I will be one of three speakers at the “2020 Economic Forecast featuring the UCI Paul Merage School of Business” in Newport Beach, California, sponsored by the Newport Beach Chamber of Commerce. UCI Finance Professor Christopher Schwarz and I will be discussing the 2020 economic outlook, and Dr. Richard Afable will […]

Wealth

Market Update. After US equity markets hit new highs in early July, volatility returns in early August

Prepare for some volatility in August as analysts watch international indicators that are hinting signs of slowing economic growth. Market dips and corrections are normal, so investors should maintain a long-term approach. After riding a high in July, August markets opened with a temporary dip after US President Donald Trump threw a sudden curveball in […]

Stock

Don’t Freak Out about the Yield Curve

There are reasons to be concerned. The global economy is slowing. The US economy has slowed. Current policy (especially on trade) is a drag on growth. But I wouldn’t freak out about the yield curve. In mid-1998 the spread between the 10 year and the 2 year went slightly negative, and a recession didn’t start […]

Investing

Argentina’s presidential primary raises policy questions

Argentina’s presidential primary elections shocked investors Sunday when President Mauricio Macri suffered a major defeat against leftist politician Alberto Fernandez, whose running mate is controversial former president Cristina Kirchner. According to the official election results, Macri received 32% support while Fernandez received 48%, a much wider margin than expected. Election authorities reported high voter turnout […]

Stock

Houston Real Estate in July: All Time Record One-Month Sales, Sales up 11% YoY, Inventory Up 10%

From the HAR: The Houston Real Estate Market Heats Up in July Consumers kept Realtors across greater Houston busy in July, accounting for the greatest one-month volume of single-family home sales of all time. According to the latest monthly report from the Houston Association of Realtors® (HAR), July single-family home sales totaled 8,953. That is […]

Stock

MBA: Mortgage Applications Increased Sharply in Latest Weekly Survey

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 21.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 9, 2019. … The Refinance Index increased 37 percent from the previous week to its highest level […]

Budgeting

Free Money: 10 Ways To Get It

I know what you are thinking. “There you go, another clickbait headline about getting free money. There is no such thing as free lunch.” This is the main reason why I decided to write this article. In reality, there are free lunches in life, but you have to look for the hidden gems. And this… […]

Tax

Brexit: a tale of crisis foretold

I wrote the blog that follows in June 2016, just before the referendum. I have re-shared it before, but in the light of attempts by Caroline Lucas, Jo Swinson, Tom Watson and maybe, even, the SNP to find a basis for an anti-Brexit government I think it worth sharing again. Much that I predicted has […]