Is the Economy Ready to Roar?
November 23, 2021 We had a strong October jobs report and the Delta variant is fading. Theoretically, this gives us a better chance that the economy’s fourth quarter growth rate will ramp up from the tepid 2.0% performance of the third quarter. But before we declare all systems go for accelerating growth, we do see […]
Read MoreIt is Still COVID
November 16, 2021 Don’t look now, but the pandemic has started to wane once again. After cases fell throughout the spring and early summer, the Delta variant pushed cases from a low of just over 10,000 per day to a high of almost 200,000 per day by early September. Now cases have fallen to around […]
Read MoreWhy Tapering Might Not Matter That Much
November 2, 2021 Today’s mortgage interest rate reflects a combination of factors such as today’s actions by the Federal Reserve. The Federal Reserve’s Open Market Committee is meeting this week and the decision on whether to taper their purchases of bonds and mortgages will be front and center. The minutes of the Fed’s last meeting […]
Read MoreIs The Fed Too Late?
October 19, 2021 If we stay on this course, the Fed will soon start tapering their purchases of bonds and mortgages. Not long after that process begins, they might even start raising short-term interest rates. Well, the government is famous for waiting too long to act and overreacting when they do act. Will this be […]
Read MoreCOVID 18 Months Later
September 14, 2021 In March of 2020 when the economy shut down due to the pandemic, few thought we would be dealing with the after-effects one and a half years later. In truth, we could not see the pandemic coming and we did not clearly see the future of the pandemic. As vaccinations have progressed, […]
Read MoreConflicting Factors
August 31, 2021 Today there has never been so many factors affecting the economy all at once – and many of these are pushing us in different directions. We have discussed many of these previously. First and foremost, we have COVID. The recession was COVID-induced, and our recovery depends upon the pace of vaccinations and […]
Read MoreIs This Where the Market Turns?
August 24, 2021 The strong July jobs report caused a stir in the markets. Most notably, long-term interest rates – which were trending down – reversed course quickly. Was this an indicator that the economy is going to pick up steam from here? It should be noted that the rise in rates did not last […]
Read MoreIs The Housing Market Losing Steam?
Thanks for visiting our Real Estate Investing blog in Queens NY. If you are looking to invest or sell real estate in the Queens New York area, follow our blog articles. August 17, 2021 The one area of obvious strength for the economy during the pandemic has been real estate. We have mentioned many times […]
Read MoreSlowing Down?
August 10, 2021 The first half of the year the economy came roaring back from the COVID-induced recession. Subject to revision, we had the economy growing at a 6.4% annualized rate and over three million jobs added during the first six months of the year, as well as almost a million added in July. Now many […]
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