Pay a slightly higher rate on their homes. That will take time. It is likely it may not have as much effect as people fear. There are other factors that would likely keep Mortgage Rates in check. When we survey the economists, they expected the fed to move by september or december at the latest. They predicted the Mortgage Rates would increase maybe a half point by the middle of next year. And some of the other findings, Economic Growth to remain by low 3 through 2017 is the expectation. Wage increases to remain below 3. 5 annual average and many expect hiring to fall to 175,000 a month, which would be down from recent years. Right. So, right. Those are some of the more where people are expecting more moderate but not gang busters growth. There has been this hope where the long run average for the u. S. Economy is about 3 annual growth. We havent had that since the recession. On jobs, we have been getting fairly decent, average, about 240 jobs per month for the last year. As the Unempl
The world needs to remain vigilant about the debt crisis in the Global South
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recession is, u.s. recession in the next 12 months. last october, it was the highest ever. 63% said they saw a recession in the next 12 months. g but if you go back to the month that the recession would begin, the worst ever post-war recession, bass only 23%, which is above average, but they sort of missed that one. and of course, the stock market tends to actually have a better record of predicting recessions than economists. it s with no means perfect, paul samuelsson who won the nobel prize made a joke that the stock market has predicted nine of the last five recessions. it s not that good. it peaked earlier because that sharp possession. the fact that we re pretty strong now really reflects what people think. what price people are willing to pay for stocks. and it does reflect a corrected feeling about the economy but