by wpengine | Nov 8, 2018 | Blog
Many people who are facing insurmountable debts bow to the pressure from attorneys to declare bankruptcy. It is not an ideal solution, but unfortunately, economic reality sometimes makes it the only practical choice. The good news is getting loans after bankruptcy is...
by wpengine | Nov 8, 2018 | Blog
In 2015, median household income (MHI) surged 5.2%, the largest jump ever, to $56,516, up from $53,718 last year. MHI remains below the pre-recession 2007 peak of $57,423 and the 1999 all-time high of $57,909. Women saw their earnings rise 2.7%, while men’s rose...
by wpengine | Nov 8, 2018 | Blog
The Bank of Japan’s decision to target a 0% yield on 10-year Japanese government bonds should reassure the government that it can run bigger deficits without triggering a jump in debt service costs, thereby promoting increased spending. But with a peg, the BOJ...
by wpengine | Nov 8, 2018 | Blog
While Friday’s job report showed 156,000 net new jobs created in September, below expectations of 168,000, private sector job growth was 167,000, barely under the 170,000 expected. Separately, the labor force participation rate increased to 62.9% from 62.8%,...
by wpengine | Nov 8, 2018 | Blog
Despite starts declining for a second straight month, yesterday’s housing numbers were pretty good. Year-to-date starts are up 3.7%, with single-family starts up a solid 8.6% and at their best level since 2/16. While multifamily starts fell a staggering 38% in...
by wpengine | Nov 8, 2018 | Blog
Assuming Trump wins MI where he’s ahead, and Clinton wins NH where she’s ahead, the final electoral college tally will be 306 to 232 for Trump. The three states Clinton lost where she was closest to winning were Michigan, with 49.87% of the vote,...
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