Economy

Economy
PACE Loans Starting To Look Like Pre-Crisis Subprime
January 12, 2017

They say that history does not repeat itself, but in the case of lending, it sure does seem to rhyme. Forbes said Wednesday (Jan. 11) that a type of loan, titled the Property Assessed Clean Energy loan, or PACE for short, is among the relatively...

Economy
Jobs Gains Miss Expectations, But Wages Up
January 06, 2017

Employment in the United States grew by a rate that was less than expected last month. But wages rebounded, which shows the economy is still growing at a pace that sets the stage for more interest rate boosts from the Federal Reserve later this year....

Residential Real Estate Grows In Spite Of Rising Mortgage Rates
January 05, 2017

The floor is in for mortgage rates, and the direction now is up. The conventional wisdom might hold that residential real estate sales should slow, but if the last few months have taught us anything, it’s that conventional wisdom is too … well, conventional. The...

Economy
Real GDP Growth Increased 3.5 Percent For Third Quarter
December 23, 2016

The economy is on an upward trajectory, with the Bureau of Economic Analysis reporting real gross domestic product increased at an annual rate of 3.5 percent in the third quarter of this year, up from 1.4 percent in the second quarter. On a quarter-over-quarter basis,...

Economy
Slow Productivity Growth, Income Inequality Are Among Problems Facing US
December 16, 2016

On Thursday (Dec.15), the White House released its annual Economic Report of the President, which highlights what economists in the White House determined to be the toughest problems impacting economic policy. While the report is nearly 600 pages long, The Wall Street Journal broke it...