Category: Current Events

Mortgage Rates and Treasury Yields Jump Amid Rising Inflation Concerns

Mortgage Rates and Treasury Yields Jump Amid Rising Inflation Concerns

So much has been written and said about the stock market lately, but the actual economy itself has gone somewhat overlooked. Even with all the information about mortgages available at your finger tips, you still need to pay attention to interest rates, the key metric for determining the health of the economy. 

30-year US mortgage rates, on average, hit 2.99% this past Friday, having hit an all-time low of 2.8% back on February 10th. On Monday it climbed up to 3.04% according to Bankrate, and this has many market experts believing it's going to stay north of 3% moving forward.  That's still very low, even if it starts hovering near 4%, it would still be rather low, as far as mortgage rates go historically. ...

Chicago Small Businesses Apply for the Third Round of PPP Loans

Chicago Small Businesses Apply for the Third Round of PPP Loans
It feels like years ago that we were hoping to get past the COVID-19 pandemic by Easter. Back at that time, even those with the most pessimistic view assumed that we’d be back to some sense of normalcy by the end of 2020. Yet here we are, midway through the second month of 2021, and while vaccines are being rolled out, it will still be a few months, at least,  before life gets closer to normal. Even when the U.S. has vaccinated enough of the population to achieve herd immunity, normal life will still not immediately return. The rest of the world is on its way to recovery, but some countries will take longer than others. In our globalized age, we cannot fully consider the current crisis over until we can live the kind of international lives that many of us had previously lived before the pandemic began...

Why GameStop and Reddit Inspired the Next Great Wall Street Movie

Why GameStop and Reddit Inspired the Next Great Wall Street Movie
The Big Short. Margin Call. Wolf of Wall Street. Boiler Room. Wall Street 1 & 2. Other People's Money. Inside Job. We all love movies about greed and corruption run amok in the stock market, and when the next one gets greenlighted, it'll probably be about what happened this week involving GameStop (GME). They could call it "The Short Squeeze" or "Get Short Cover," and it will have plenty of "despondent day-trader facepalming" images. Basically, a group of everymen average Joes beat the elite 1%ers at their own game on this business day(s). The hedge funds and the ultra rich who have enough capital to partake in those types of arrangements took a beat down. The working and middle class people, with a Reddit account and a penchant for posting on the site's WallStBets forum got the W...
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New Year's Resolution Crowd Must Prioritize Diet Over Exercising

New Year's Resolution Crowd Must Prioritize Diet Over Exercising
"You can't outrun your fork," said Chelsea Rice, a dietitian at Fitness Formula Clubs, Gold Coast in Chicago. Rice made the remark during a session in her personal nutrition workshop entitled "New Year, New You." She was stressing the point that you can't burn off everything you eat, and more, through exercise, busting one of the most fallacious fitness myths out there. How many times has someone tried to hand you a dessert, you resist, only for them to say, "don't worry, you'll walk it off." While yes, you do burn calories and fat through working out, it's not enough, not even close, towards meeting the goal of a healthy lifestyle...

Are Annuities a Good Investment in this Financial Climate?

Are Annuities a Good Investment in this Financial Climate?
An annuity is a series of payments made at equal intervals. Examples include regular deposits at a bank, monthly mortgage payments, monthly insurance bills or regular pension checks. Annuities can be paid out weekly, monthly, quarterly, yearly, or at any other regular fixed interval. Annuities providing payments for the remainder of a person's lifetime are referred to as a "life annuity." A perpetuity is an annuity that has no end, or a stream of cash payments that continues forever. There are few actual perpetuities in existence, it's honestly more of an idea than a practicality....

What the Jon Ossof Senate Victory Means for Georgia, D.C.

What the Jon Ossof Senate Victory Means for Georgia, D.C.
Democrat Challenger Jon Ossof has now upended incumbent Republican David Perdue in the race for Senate in the state of Georgia. That means a state once thought to be deep red, a place where the most prominent confederate monuments reside, has now completely flipped over to blue. It was called earlier this morning that the other Dem, Rev. Raphael Warnock, defeated the other GOP incumbent, Kelly Loeffler in the other Georgia Senate special election. That means the Senate will now be 50-50 in party split, with ties to be broken by Democratic Vice-President Kamala Harris...
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History of How Black Friday Got It's Name

History of How Black Friday Got It's Name
With the 2020 Presidential Election about to be officially called, the primary event captivating America right now will soon reach closure. Once it does, the next November "event" that will be top of mind is "Black Friday," the biggest shopping day of the year. It occurs on the Friday after Thanksgiving each year, and commands more media coverage and national attention than the actual holiday that transpires the previous day. We've already been seeing Black Friday advertising, one example would be this Fry's ad, for about a week. Once Halloween is over, it's now Christmas shopping season/time to hype up Black Friday. ...

2020 Presidential Election Results Defying All Odds and Projections

2020 Presidential Election Results Defying All Odds and Projections
Hey, remember that Wisconsin poll from a few days ago that had Joe Biden up 17 points in Wisconsin? Well, he's actually up only 0.6% in America's Dairyland, with an estimated 97% of the vote already in, as of this writing. How about the national polls, most of which had Biden up anywhere from 8-12 points, consistently, on Donald Trump. There's still a lot of vote left to be counted, sure, but on the morning after the 2020 Presidential Election, he's only up 1.9%. As off as the polls are, the projection modeling is even worse, and it's clear that they are severely flawed...

Wisconsin Going Blue on Election Night Would be a Return to Form

Wisconsin Going Blue on Election Night Would be a Return to Form
As we enter the final turn of the horse race that is the 2020 presidential election, all eyes are on the swing states. Most specifically, the rust belt at the upper midwest. If you're a political junkie, you've no doubt heard the refrain repeatedly by this point- Hillary Clinton, despite winning the popular vote by just under three million, fell about 77,000 votes short in Wisconsin, Michigan and Pennsylvania. Throw in Ohio and Minnesota, and well, most of the Big Ten conference really is located in crucial battleground states. The Upper Midwest or Rust Belt if you will. Today, we focus on America's Dairyland, where the latest polling shows Joe Biden ahead of Donald Trump by seven points...
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Trump Winning this Time would be an Even Bigger Upset

Trump Winning this Time would be an Even Bigger Upset
Two weeks to the day of the 2020 U.S. Presidential election, and the incumbent is probably done and dusted. Certainly POTUS 45, Donald Trump, has been behaving in a manner in which he believes he is. The Real Clear Politics polling average shows Democratic challenger Joe Biden ahead 51.1% to 42.5%, and that's nearly the biggest lead that he's ever had. It's well outside the bounds of the margin of error, and when you consider that 30 million Americans have already voted early, it's a disheartening reality for Trump and his cult of followers...