Economy 11 | Paper Source Online

The CFPB Under Rohit Chopra is Harming Competition and Consumer Choice

Behind The News, Economy, Investments / By W. J. Mencarow

Published by U.S. Chamber of Commerce | April 20, 2022 The Consumer Financial Protection Bureau is departing from its core responsibilities by attempting to regulate market competition, shunning procedural requirements under the Administrative Procedure Act, and devising new enforcement powers for the Director. The core mission of the Consumer Financial Protection Bureau (CFPB) is to …

The CFPB Under Rohit Chopra is Harming Competition and Consumer Choice Read More »

Is The U.S. Already In A Housing Bubble?

Economy / By W. J. Mencarow

Published by FOX Business | April 20, 2022 Whether America is facing a crisis in its real estate market remains up for debate. The Federal Reserve Bank of Dallas made headlines in recent weeks after warning that there are signs of a “brewing U.S. housing bubble.” That prospect sparks fear in anyone who remembers or felt the impacts …

Is The U.S. Already In A Housing Bubble? Read More »

Inflation Edges Higher, Affecting Housing

Economy, Interest Rates, Mortgages, Russia-Ukraine War / By W. J. Mencarow

Published by REALTOR Magazine | April 13, 2022 Over the last year, the cost of shelter has increased 5%, marking the largest increase in four decades The rate of inflation reached 8.5% in March, continuing at a 40-year high and showing few signs of relief for consumers. Higher gas prices, food, and housing costs fueled the consumer …

Inflation Edges Higher, Affecting Housing Read More »

Why the Public is Not Happy with Inflation!

Economy, Interest Rates, Taxes / By W. J. Mencarow

Written By Dan Harkey | Business & Private Money Finance Consultant In 1913 folks could buy a five-course meal and iced tea for 10 cents. That was about the time when the Federal Reserve system (central bank) was established. Since that time, approximately 109 years later, as of 2022, inflation increased by 2,740%. Many folks …

Why the Public is Not Happy with Inflation! Read More »

Biden Proposes New Minimum Tax on Billionaires, Unrealized Gains

Economy, Investments, Taxes / By W. J. Mencarow

Published by FOX Business | March 28, 2022 The “Billionaire Minimum Income Tax” would establish a 20% minimum tax on all U.S. households worth more than $100 million President Biden has unveiled a new minimum tax targeting billionaires as part of his 2023 budget request, proposing a 20% rate that would hit both the income and …

Biden Proposes New Minimum Tax on Billionaires, Unrealized Gains Read More »

STUDY: 57% of American Households Paid No Income Tax Last Year

Covid-19, Economy, Taxes / By W. J. Mencarow

Published by FOX Business | March 25, 2022 Households that paid no federal income tax expected to plunge next year More than half of U.S. households paid no federal income taxes in 2021, a temporary spike attributed to massive COVID-19 relief spending in the form of tax credits and stimulus payments. A recent analysis from the …

STUDY: 57% of American Households Paid No Income Tax Last Year Read More »

Mortgage Rates Are Surging Faster Than Expected, Prompting Economists to Lower Their Home Sales Forecasts

Economy, Interest Rates, Mortgages, Russia-Ukraine War / By W. J. Mencarow

Published by CNBC | March 23, 2022 The 30-year fixed mortgage loosely follows the yield on the 10-year U.S. Treasury, which is now at the highest level since May 2019. The average rate on the popular 30-year fixed mortgage hit 4.72% on Tuesday, moving 26 basis points higher since just Friday, according to Mortgage News Daily. …

Mortgage Rates Are Surging Faster Than Expected, Prompting Economists to Lower Their Home Sales Forecasts Read More »

Goldman Says Ukraine-Russia War Could Trigger U.S. Economic Recession

Economy, Interest Rates, Investments, Russia-Ukraine War / By W. J. Mencarow

Published by Fox Business | March 17, 2022 Odds of a U.S. recession have increased to 20% to 35% because of the Ukraine war, economists say Goldman Sachs economists warned the probability of the U.S. economy plunging into a recession in the next year has risen dramatically in the wake of the Russia-Ukraine war. The economists, led by Jan …

Goldman Says Ukraine-Russia War Could Trigger U.S. Economic Recession Read More »

Rental and Home Prices Expected to Rise Even More This Year

Economy, Rental Property / By W. J. Mencarow

Published by FOX Business | March 8, 2022 A mass exodus is driving people from expensive cities and it’s causing people in other places to become priced-out. Rent and home prices have seen major increases over the past year and in some places, they’ve hit record highs. The rising cost of living has caused people in …

Rental and Home Prices Expected to Rise Even More This Year Read More »

Weak Mortgage Demand Could Get a Big Boost Amid Ukraine Crisis

Economy, Interest Rates, Mortgages, Russia-Ukraine War / By W. J. Mencarow

Published by CNBC | March 2, 2022 While mortgage rates rose to the highest level in two years last week, they have since fallen quite sharply due to the war in Ukraine. Mortgage demand stalled last week, as interest rates hit a multi-year high, but that will likely change quickly. Rates are now falling fast …

Weak Mortgage Demand Could Get a Big Boost Amid Ukraine Crisis Read More »