Economy Watch: Hindsight on the Housing Bubble From the Fed
The “House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy,” which was released by the Federal Reserve on Monday, posits that the best way to prevent future housing bubbles would be to require lenders to be tougher in enforcing loan-to-income ratios for borrower.
Economy Watch: State Unemployment Inches Upward
The Bureau of Labor Statistics reported on Friday—and got more attention than usual for it, because of the upcoming election—that regional and state unemployment rates were generally little changed or slightly higher month-over-month in July.
'Economy Watch' Podcast with Dees Stribling: Some Good Economic Data
A slow week, but some good bits of economic data.
Economy Watch: Housing Starts Take Small Dip
According to the Census Bureau on Thursday, housing starts dropped in July to an annualized rate of 746,000.
Economy Watch: Homebuilders Even More Optimistic
The National Association of Home Builders reported on Wednesday that its Housing Market Index increased 2 points in August to 37.
Economy Watch: Retail Sales See Unexpected Spike
Consumers unexpectedly went shopping with more brio than expected in July, according to the U.S. Census Bureau on Tuesday.
Economy Watch: Drought Worsens, Global Food Prices Will Go Up
Food prices are expected to surge worldwide as part of a cascade of ill effects from the intense drought in the United States.
'Economy Watch' with Dees Stribling: No News is Good News
Not a lot of earthshaking news this week, which is a good thing.
Economy Watch: Mortgage Delinquencies See Uptick
U.S. mortgage delinquencies edged up a bit in the second quarter, according to the Mortgage Brokers Association on Thursday.
Economy Watch: Recovering Housing Market Buoys Fannie Mae
Fannie Mae reported on Wednesday that it had a net income of about $5.1 billion for the second quarter of 2012.