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Fed Looks At Texas’ Affordable Housing Problem, Fails To Look In The Mirror

The Federal Reserve can be commended on one thing. They never cease to provide entertainment in terms of their complete ineptitude and functional obsolescence. The Fed continues to show no remorse for the damage they have inflicted on the general population and their destruction of what was formerly known as the U.S. housing market. The latest comedy from the Fed comes …

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Dallas Fed: Texas Manufacturing Activity Crashes To 6-Year Lows

The Dallas Fed released the Texas Manufacturing Outlook Survey numbers for January, and it appears the Texas economy is continuing to fade with the downturn of the energy sector. The January numbers show the General Business Activity index printing at a negative 34.6, falling from December’s -21.6. These are interesting numbers from the Dallas Fed considering the president told us …

Americans Not In Labor Force Reaches 94.6 Million, Texas Sheds More Jobs In September

The September BLS Employment Report showed that we added 142,000 jobs last month with headline unemployment rate remaining stagnant at 5.1 percent. Unfortunately buried in the employment data is the ugly fact that another 579,000 Americans were vaporized from the labor force as the number of people not in the labor force rose to 94.6 million, a new record high. The …

City of Austin Sues State Of Texas Over Unequal Appraisal System

It appears the City of Austin is taking the bull by the horns in addressing Texas’ broken property tax system. The city yesterday announced a lawsuit against the state of Texas over unequal appraisals that continue to burden residential homeowners. The new lawsuit stems from Austin’s challenge of TCAD commercial values earlier this summer. In that independent TCAD analysis, commercial …

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Dallas Fed: Texas Manufacturing Activity Still Contracting In June

Today the Dallas Fed reported that Texas manufacturing activity continues to contract. The Texas Manufacturing Outlook Survey for June was a continuation of previous reports this year noting a declining manufacturing sector in the Lone Star state. The production index posted at a negative 6.5, a fourth consecutive month of declining output in Texas. While the pace of decline has …

Dallas Fed Manufacturing Index Contracts Further In May, Texas Recession Ahead?

The Dallas Fed reported some rather troubling numbers for the Lone Star State today. Manufacturing activity in Texas continues to free fall with the May survey results. Here are the highlights from the May Texas Manufacturing Outlook Survey… General Business Activity Index: Down again to -20.8 Production Index: Down to -13.5, (lowest reading in 6 years) New Orders Index: Flat …

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Stakeholders In Texas’ Broken Property Tax System Cannot Absolve Themselves Of Responsibility For It’s Failure

I am currently having an interesting discussion on my community message board regarding the dysfunctional property tax system and the most recent appraisal notices that have local homeowners shouting from the rooftops over skyrocketing property tax bills. What continues to amaze me is that some of the people who are ready to march in protest over their record-high property tax …