Posted To: Pipeline Press

As we zip toward the end of the decade, do you want the U.S. economy to be “Hotter than the hinges of hell?” Probably not, as rates would shoot higher. Do you want rates to plummet? Probably not, as that would indicate a grim U.S. economy. Like the weather, the economy is something people talk about but can’t do anything about. Are the people “with” money not spending it, and the people “without” it doing all the spending? The U.S. economy will continue to grow in 2020 but at a slower pace, economists surveyed by The Wall Street Journal say. Economists expect growth to fall to an average of 1.8% year over year in the fourth quarter of 2020, compared with 2.2% this quarter. Are we anywhere near two straight quarters of negative GDP, the technical definition…(read more)

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Source: Mortgage News Daily