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  • Mon, Feb 12 2018
  • 3:30 PM » Trump Budget Includes Higher Fees for Fannie, Freddie Mortgages
    Published Mon, Feb 12 2018 3:30 PM by Bloomberg
    The Trump Administration has said it wants to get Fannie Mae and Freddie Mac out of government control, but in the meantime it's not being shy about seeking to use revenue from the U.S.-backed mortgage guarantors to reduce the deficit.
  • 1:52 PM » Trump's budget plan may delay future tax refunds
    Published Mon, Feb 12 2018 1:52 PM by CNBC
    The new Trump budget proposal is here, and the White House has an ambitious to-do list for the IRS. Here's what it may mean for your tax refund.
  • 1:52 PM » Port of Long Beach: Record Port Traffic in January 2018
    Published Mon, Feb 12 2018 1:52 PM by Calculated Risk Blog
    From the Port of Long Beach: Year Begins With Records in Long Beach The new year brought a raft of records to the Port of Long Beach, where January container volumes reached an all-time high for the month. Workers moved 657,830 twenty-foot equivalent units (TEUs) through the harbor in January, 12.9 percent more than the same month last year. The total marks the first time Long Beach has surpassed 600,000 containers in the month of January. The quick start to 2018 comes after officials recently announced that 2017 was the busiest year in the Port's 107-year history, reaching 7.54 million TEUs. "The pre-Lunar New Year surge is definitely here," said Port of Long Beach Executive Director Mario Cordero, taking note of the upcoming two-week holiday period in Asia, the Port's primary trading partner. "Since this year's holiday begins Feb. 16, we anticipated a busy January and February, as cargo owners seek to get goods shipped ahead of the festivities." CR Notes: The timing of the Chinese New Year always impacts traffic I'll have more on the LA area port traffic once Los Angeles releases their January statistics.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 1:50 PM » Morgan Stanley: 'One last surge of euphoria' will take market up more than 10% from here
    Published Mon, Feb 12 2018 1:50 PM by CNBC
    A Morgan Stanley strategist thinks equities can surge more than 14 percent from their current levels despite their recent sharp pullback.
  • 12:11 PM » BlackRock's fixed income chief is not ready to say the 30-year bull market in bonds is over
    Published Mon, Feb 12 2018 12:11 PM by CNBC
    The drop in bond prices - and accompanying rise in bond yields - may not be here to stay, says Jeff Rosenberg.
  • 11:52 AM » Trump unveils plan to stimulate infrastructure improvements
    Published Mon, Feb 12 2018 11:52 AM by Reuters
    WASHINGTON (Reuters) - President Donald Trump unveiled a long-awaited infrastructure plan on Monday that asks the U.S. Congress to authorize $200 billion over 10 years to stimulate $1.5 trillion in improvements paid for by states, localities and private investors.
  • 11:35 AM » U.S. Consumer Financial Protection Bureau aims for more restraint: memo
    Published Mon, Feb 12 2018 11:35 AM by Reuters
    WASHINGTON (Reuters) - The U.S. Consumer Financial Protection Bureau will pull back its activities and seek to promote a free market for financial services, according to a memo obtained by Reuters on Monday.
  • 11:16 AM » Ray Dalio: 'Risks of a recession' are rising
    Published Mon, Feb 12 2018 11:16 AM by CNBC
    Ray Dalio says in a LinkedIn blog post the Federal Reserve's response to better than expected economic data may lead to an economic slowdown.
  • 10:52 AM » Here's what a 5 percent mortgage rate would mean to buyers
    Published Mon, Feb 12 2018 10:52 AM by CNBC
    Mortgage rates are at their highest level in four years and could move even higher this week, just as the spring housing market kicks into gear.
  • 10:09 AM » Lawler: Will Average Hourly Earnings Growth Decelerate Over the Next Two Months?
    Published Mon, Feb 12 2018 10:09 AM by Calculated Risk Blog
    From housing economist Tom Lawler: Will Average Hourly Earnings Growth Decelerate Over the Next Two Months? In its Employment Report for January the BLS reported that average hourly earnings of all private non-farm employees was $26.74 (seasonally adjusted) last month, up 2.9% from a year earlier. This year-over-year gain was up from 2.7% in December and 2.5% in November, and represented the higher YOY increase since May 2009 (though the January YOY gain was only trivially higher than the YOY increase in September of last year (2.832% vs. 2.886%). What few folks have mentioned, however, is that the YOY increase in average hourly earnings for production and non-supervisory workers in the non-farm sector last month was just 2.43%, virtually unchanged from December's YOY gain. Obviously, these data imply that the YOY increase in "supervisory" workers accelerated significantly last month, and in fact that was the case: the YOY increase in average hourly earnings of "supervisory" workers (which is not shown in the report but which can be derived) was 3.9% in January, up from 3.3% in December and 3.0% in November. (See chart below). This YOY increase was the highest "on record" though data are only available back to 2006. On a monthly basis the AHE of supervisory employees jumped by 0.8% (seasonally adjusted) in January and 0.5% in December, resulting in annualized growth over this two month period of 8.0%. Click on graph for larger image. Prior to 2010 the BLS only reported average hourly earnings for production and non-supervisory workers in its monthly release. Since then it has become apparent that the AHE's of supervisory workers are much more volatile than the AHE's of production/non-supervisory employees (the standard deviation of monthly % changes in the former is more than twice as high as the latter). Moreover, "outsized" (significantly above trend) gains in the AHE's of supervisory workers have tended to be...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 9:51 AM » Employment Rose in Most States in December 2017
    Published Mon, Feb 12 2018 9:51 AM by eyeonhousing.org
    According to the Bureau of Labor Statistics, nonfarm payroll employment increased in 33 states and the District of Columbia, unchanged in two states, and decreased in 15 states in December 2017 compared to November 2017. Year-over-year, 49 states increased employment while two states lost payroll employment during this time. As a result payroll employment nationwide rose in December. The largest... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 8:29 AM » Who Ordered All the McMansions? 10 Cities Where They're Piled Highest
    Published Mon, Feb 12 2018 8:29 AM by www.realtor.com
    The trend-hunting realtor.com data team set out to find which U.S. metros have the most McMansions. We looked in the 150 largest metros for the percentage of homes that measure at least 3,000 square feet. The post Who Ordered All the McMansions? 10 Cities Where They’re Piled Highest appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 8:29 AM » Trump budget plan to seek funds for border wall, infrastructure, opioid treatment
    Published Mon, Feb 12 2018 8:29 AM by Reuters
    WASHINGTON (Reuters) - President Donald Trump will unveil his second budget on Monday - seeking to make good on his promise to bolster military spending and requesting funds for infrastructure, construction of a wall along the border with Mexico and opioid treatment programs.
  • 8:22 AM » Futures up more than 1 percent after worst week in two years
    Published Mon, Feb 12 2018 8:22 AM by Reuters
    (Reuters) - U.S. stock index futures were up more than 1 percent, attempting a rebound from Wall Street's worst week in two years, while volatility remained relatively elevated and U.S. bond yields hit new four-year highs.
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