Economic News: This was a quiet week in economic news but world news moved the markets
Thursday the April PPI came out at a well above expectations number of an increase of 0.5%. Friday the April CPI (consumer price index) was up 0.2%, and the retail sales were up 0.4% – overall not great news for the bond market as good economic news. News that...
Economic News: This was a busy week for economic data
On Monday we found out that personal incomes rose 0.2% while personal spending went down 0.1%, not good for economic growth. The Institute of Supply Management announced that the manufacturing sector contracted to 54.8% from the 57.2 in March, far below economists’...
Success Story: A veteran and her husband wiped out in 2008 get another chance
I recently was referred a veteran who was active in 1975. She never used her VA benefit to buy a home, and now wanted to use it because of the ZERO down payment and no closing costs feature (VA NO NO, as it’s called). Her husband is a second generation owner of a...
Hurry, Before Rates Go Up! Get Financially Healthy
Attn: You’ll want to read this one through till the end I hope that the first quarter of the year has gone well for you. As you may already know, the Fed did raise the prime rate, and some parts of the economy look stronger. The stock markets are at all-time highs,...