The week in financial markets: Fed going higher, mortgages holding

Although the Fed will not accelerate its pace of tightening now, that withheld action is predicated on the expectation that the current pace of tightening will by next year slow the economy to a sustainable pace, GDP growing sub-two, monthly payroll ga…

10 home improvements even a beginner DIYer can handle

So you just bought a house that needs some work, but you are a short on cash and ever shorter on the skills needed to fix up your place. Not to worry! There are plenty of home improvement projects even the most beginner of DIYers can handle …

Why the job recovery was and still is a farce

Last week, the U.S. Bureau of Labor Statistics released its non-farm payroll (NFP) report for October. The report showed 271,000 new jobs created surpassing expectations by about 90,000. The unemployment rate was reported to be at just 5 percent …

10 reasons negative interest rates are even worse than artificially low interest rates

When Janet Yellen was first appointed to the Chair of the Federal Reserve, we noted that Janet Yellen was a supporter of negative interest rates. In “Janet Yellen and negative interest rates” we republished her 2010 comment in support of negative inter…

Why assembly lines don’t work for mortgages

The mortgage industry is like an assembly line. Labor is divided among individuals with specialized skill sets who complete their specific tasks on the product and send it down the line to the next person …