Mortgage Refinancings Boom, Even as Coronavirus Hits Economy

Bing Guan/Bloomberg via Getty Images The mortgage market recorded its best quarter in years this spring, a reflection of how the housing market is booming in 2020 even as much of the economy stumbles. Lenders issued $1.1 trillion in home loans between April and June, according to mortgage-data firm Black Knight Inc. That was the biggest quarter in the company’s…

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Opinion: The Hypocrisy of COVID vs. Economy

SAN DIEGO (KUSI) – San Diego County Supervisor Jim Desmond wrote an opinion piece highlighting the hypocrisy of the regulations put in place and supported by Democrat politicians. Desmond has been a longtime advocate of getting back to work and reopening the economy, only to have Governor Newsom implement policies that seem to make it harder and harder to…

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Trump warns no federal contracts to firms who outsource to China & threatens to DECOUPLE US economy…without losses?

US President Donald Trump lashed out at US companies that offshore to China, threatening to curtail federal contracts and even decouple the US economy from Beijing’s, without losses. His feed mysteriously cut to black soon after. “We lose billions of dollars, and if we didn’t do business with , we wouldn’t lose billions of dollars,” the president told reporters…

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The EU’s Drive toward Political Centralization Will Doom Its Economy

In the wake of the economically disastrous covid-19 shutdowns, the political class has desperately tried to save the failing euro system. On July 21 European leaders agreed on what they called a “historic” deal. It was nothing more than a multitrillion euro stimulus package. However, it is more probable that the “recovery fund” will delay any chance of a much-needed economic…

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Trump, Biden Campaigns Spar on State of the US Economy

Print this page 2020 USA Votes Trump, Biden Spar on State of US Economy By Ken Bredemeier September 06, 2020 01:11 PM Treasury Secretary Steven Mnuchin speaks during a Senate Small Business and Entrepreneurship hearing to examine implementation… FILE - Treasury Secretary Steven Mnuchin speaks during a Senate Small Business and Entrepreneurship hearing to examine implementation of Title I of the CARES Act, June 10, 2020 on Capitol Hill in Washington.

The Trump administration and the Biden campaign sparred Sunday on the state of the U.S. economy eight weeks ahead of the November 3 national presidential election. Treasury Secretary Steven Mnuchin cited the drop in the unemployment rate to 8.4% in August and the addition of 1.4 million jobs as evidence that the American economy, the world’s largest, is recovering…

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Singapore economy expected to contract 6% this year as private-sector economists downgrade forecasts: MAS survey – CNA

SINGAPORE: Private-sector economists are expecting the Singapore economy to contract 6 per cent this year, a slight downgrade from their earlier forecast of a 5.8 per cent decline following a worse-than-expected slump in the second quarter. This was according to the latest quarterly survey from the Monetary Authority of Singapore (MAS) released on Monday (Sep 7), which polled 26…

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French economy bouncing back after Covid-19 lockdown measures lifted

France’s gross domestic product, which had shrunk by a record 13.8 percent in the second quarter, is forecast to grow by 17 percent in the subsequent three months, the national statistics office Insee calculated. Nevertheless, the rebound was not quite as strong as expected and Insee said it was sticking to its forecast for an overall economic contraction of…

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US Economy Added 1.4 Million Jobs In August, Unemployment At 8.4% – True Pundit

The U.S. economy added 1.4 million jobs in August, while unemployment fell to 8.4%, according to Department of Labor data released Friday. Total non-farm payroll employment rose by 1.4 million in August, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell by 2.8 million to 13.6 million. The unemployment rate fell below 10% for…

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Emirates to add three more destinations back to its network – Economy Class & Beyond

Whilst Emirates is hunkering down by reducing frequency on a lot of its network, it is also trying to grow its destinations, with the airline planning to bring back more destinations. Emirates Boeing 777-300ER taxing at Hamburg Airport – Image, Economy Class and Beyond Let’s look at where the airline is planning to resume operations. Amman, Jordan Emirates will…

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