Mortgage Equity Withdrawal Positive in Q4

Note 1: This is not Mortgage Equity Withdrawal (MEW) data from the Fed. The last MEW data from Fed economist Dr. Kennedy was for Q4 2008. Note 2: There have been reports showing an increase in cash out refinances, but it isn’t showing up significantly in the Fed’s Flow of Funds report. The following data […]


Hotels: Occupancy Rate Decreased Sharply Year-over-year

From STR: US hotel results for week ending 7 March Reflecting concerns and cancellations around the COVID-19 outbreak, the U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 1-7 March 2020, according to data from STR. In comparison with the week of 3-9 March 2019, the […]


How to Use Your Tax Refund Wisely

It’s that time of year: Tax season. The one benefit to this stressful time is that, for most Americans, filing will end with you getting a decent-sized tax refund from Uncle Sam. Deciding what to do with that check, though, can be overwhelming. 8 Ways to Use Your Tax Refund Here a few ways to… […]


Calm budget reflection suggests that Sunak has not as yet got any real awareness of the scale of the problem that’s facing him

It is time for calm budget reflection. Or rather, as calm a budget reflection as can be delivered on a day when the world appears to be moving into lockdown. First, and most obviously foremost, it is apparent that the government does really believe that the coronavirus epidemic is going to cause substantial economic harm […]