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Stagnating Home Sales, Mortgage Rates & Job Growth But The Fed Only Has Eyes For Wall Street

Home sales are stagnating, mortgage rates are falling and job growth is now waning. What's not to love? Today's nonfarm payrolls report was a resounding thud with only 75,000 jobs added in May. Previous months were revised downward as well. Everywhere you look, cracks are beginning to appear in the carefully varnished edifice the Federal Reserve likes to call an economy. Maybe this is why there were 13 Federal Reserve officials hitting the airwaves this week to talk up their most favored metric of economic validation, the U.S. stock market. Earlier in the week we [...]

By |2019-07-20T19:47:45+00:00June 7th, 2019|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Economy, Housing Policy, In the Press, Mortgage Rates, Politics, Spin Cycle, Texas Real Estate|0 Comments
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December Jobs Growth Misses, Wage Growth Still Weak

Yesterday I was musing about the expected rise in inflation and bond yields that so many professional pundits and talking heads are expecting in 2018. That's the story being bantered about on various mainstream cable news puppet shows. Today we received another reality check on that "pent up demand" and overheating labor market story as the December Jobs Report painted a rather lackluster finish to 2017. The BLS Employment Situation showed an increase of 148,000 jobs in December. That's the good news from the establishment survey. The Household survey (Table A) showed an increase of [...]

By |2018-05-12T00:53:42+00:00January 5th, 2018|Dallas Tx Employment, Economy, Education, Housing Policy, In the Press, Markets, Politics, Spin Cycle, Video|0 Comments
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Aaron Layman Realtor Denton County Texas Questions? Call me now at
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