As we predicted, mortgage rates firmed up last week, marching upward from their record lows seen on December 1.
“As expected, mortgage rates edged higher [last] week. Some better economic news, some lingering glow from November’s employment report [on December 4], and light investor demand for new Treasury debt boosted [...]
Baseline Scenario on why inequality doesn’t benefit society.
NPR’s interview with Joshua Kosman, on private equity firms and a coming PE crash, is worth a listen.
The Good News Economist reports only positive economic news. When you need a happy fix, go here.
Brett Arends on why [...]
Europe limps into expansion
THE big economic news today is that the euro zone managed economic expansion in the third quarter, but barely. The Economist notes:It is not quite the recovery that was hoped for. Figures released on Friday November 13th showed that the euro-area economy crawled out of [...]
The headline unemployment figure released by the Bureau of Labor Statistics (BLS) yesterday was 10.2%. However, the broader U.6 measure of unemployment, capturing short-term discouraged workers (those that have quit looking for a job within the last year) rose to 17.5%.
Shadowstats.com's SGS-Alternative Unemployment Measure rose to 22.1% in' [...]
