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Welcome to the Instapopulist! This is a new forum for all registered EPers to report breaking news, ramble an economic rant, ask a question or write a full bore article. To become an Instapopulist, go to your navigation menu and click on create content. Then write away. To help in formatting, click on the rich-text editor to bring up the tools. There is additional information in the user guide. Any questions or problems, just leave a comment and happy writing all Economic Populists!

Retail Sales Rose 0.3% in October, Reversing September’s Decline

The Advance Retail Sales Report for October (pdf) from the Census Bureau estimated that our total seasonally adjusted retail and food services sales were at $444.5 billion in October, which was an increase of 0.3% (±0.5%)* from the revised September sales of $443.0 billion, and 4.1% (±0.9%) above sales in October of last year..  Recall that the asterisk on October’s sales indicates that from their small sampling of retail outlets, Censu

Foreclosure Starts Rise 11.55% in September as Average Time In Foreclosure Rises to Record 1014 Days

According to the Mortgage Monitor for September (pdf) from Black Knight Financial Services (BKFS, formerly the LPS Data & Analytics division), there were 892,796 home mortgages, or 1.76% of all mortgages outstanding, remaining in the foreclosure process at the end of September, which was down from 935,460, or 1.80% of all active loans that were in foreclosure at the end of August, and down from 2.63% of all mortgages that were in foreclosure in September of last

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