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Economy, Real Estate

“Lower mortgage rates are causing an epic housing shortage”

October 17, 2019

“Housing inventory hit a record low about two years ago, but a lull in home sales over the past year helped build back much-needed supply, especially in the mid-priced range. Then a sharp drop in rates this summer brought demand… Continue Reading…

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Economy

“Two-thirds of households preparing for recession, even as U.S. economy continues to grow”

October 17, 2019

“Some 69% of participants in a recent poll said they were taking steps to shore up their finances ahead of a possible downturn, including 44% who said they were spending less money. Some 10%, including 13% of college graduates, are looking for… Continue Reading…

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Economy

“Millennials are about to trigger a major ‘changeover point’ for the US economy, asset manager says”

October 15, 2019

“U.S. adults aged between 21 and 38 years old will prioritize “necessity spending” over the next decade, Bill Smead told CNBC’s “Squawk Box Europe” on Monday. It comes after a 10-year period in which the same age group has “lived… Continue Reading…

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Banking, Economy

“New York Fed Adds $82.7 Billion To Financial System in Latest Repo Transaction”

October 14, 2019

“The Federal Reserve Bank of New York added $82.7 billion to the financial system Friday, using the market for repurchase agreements, or repo, to relieve funding pressure in money markets. Banks asked for $21.15 billion in 6-day loans, all of… Continue Reading…

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Economy

“Singapore overtakes US as world’s most competitive economy”

October 10, 2019

“Singapore has knocked the United States out of the top spot in the World Economic Forum’s annual competitiveness report. The index, published on Wednesday, takes stock of an economy’s competitive landscape, measuring factors such as macroeconomic stability, infrastructure, the labor market and… Continue Reading…

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Economy

“Small-town Bankers Are Still Hopeful about US Economy”

October 9, 2019

“American financial experts may be worried about trade wars, tariffs and talk of a recession, but ask a small-town banker and economic conditions are pretty good. Across the United States, people are building and buying homes. Small businesses are borrowing money to… Continue Reading…

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Stocks

“3 Top U.S. Stocks to Watch in October”

October 7, 2019

“In the current investing environment, the upcoming earnings reports from railroad operator CSX (NASDAQ:CSX), heavy equipment powerhouse Caterpillar (NYSE:CAT), and medically focused industrial Danaher (NYSE:DHR) will offer many investors keen insights on these questions…” https://www.fool.com/investing/2019/10/06/3-top-us-stocks-to-watch-in-october.aspx While these are not my personal 3 top picks I do like… Continue Reading…

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Economy

“U.S. adds 136,000 jobs in September, unemployment rate hits 50-year low”

October 4, 2019

“The numbers: The economy added 136,000 new jobs in September, the government said Friday. Economists polled by MarketWatch had forecast a 150,000 increase. …employment gains for August and July revised up by a combined 45,000, And in a separate survey, the U.S. unemployment… Continue Reading…

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Business, Economy

“Americans Spent More on Taxes in 2018 Than on Food, Clothing and Health Care Combined”

October 4, 2019

“Americans on average spent more on taxes in 2018 than they did on the basic necessities of food, clothing and health care combined, according to the Bureau of Labor Statistics Consumer Expenditure Survey… In 2018, according to Table R-1, American consumer… Continue Reading…

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Economy

“Millennials are fleeing big cities for the suburbs”

October 1, 2019

“Millennials are getting older. And as they enter the next stage of life — marriage, kids, higher salaries —Gen Y is beginning its exodus from busy cities, just like the generations that came before it. Data released by the U.S.… Continue Reading…

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