WASHINGTON—World Bank President David Malpass on Wednesday warned that it could take years for global energy production to diversify away from Russia after its invasion of Ukraine, prolonging the risk of stagflation, or a period of low growth and high inflation. In a speech at Stanford University, Malpass said there was an increased likelihood of…
World Bank’s Malpass Sees Risk of Stagflation, Likely Recession in Europe
September 29, 2022
admin
Business & MarketsDavid Malpasseconomic policieseconomyenergyEuropeglobalinflationInternationalMarketsrecessionRussia-Ukraine WarstagflationWorld
0 Comment
This Economic Destruction Is Man-Made
Commentary It’s codified now: Europe and the UK are in recession. The United States is too, at least technically, and we are only awaiting an admission. The Federal Reserve has reduced its economic growth expectations to near zero but the emerging housing meltdown will likely seal the deal: it’s an inflationary recession also called stagflation….
Inflation Can ‘Take Years, Not Months,’ to Cool Off: Former CBO Director
August 30, 2022
admin
Business & MarketsCBOeconomyhigh inflationinflationInflation Reduction ActstagflationU.S. interest rate hikesUSUS News
0 Comment
Former Congressional Budget Office Director Douglas Holtz-Eakin has warned that the high inflation rate troubling American citizens isn’t going away anytime soon and is here to stay for several years. In an interview with Fox, Holtz-Eakin cited Federal Reserve Chairman Jerome Powell’s statement on Aug. 26 about inflation. “One of the things that Powell emphasized…
US Recession Is Going to Be a Real ‘Whopper’: Economist
August 30, 2022
admin
Business & Marketseconomic policieseconomyFederal Reserveinflationjerome powellmoney supplyrecessionstagflationUSUS News
0 Comment
Economist Steve Hanke has warned Americans to prepare for a “whopper” of a recession next year, while taking aim at the Federal Reserve’s narrative over the current sky-high inflation levels. Hanke, a professor of applied economics at Johns Hopkins University, made the comment in an interview on CNBC’s “Street Signs Asia” on Aug. 29. Hanke said that the…
Inflation Reduction Act Should Be Named ‘Exactly the Opposite,’ Will Have ‘Disastrous Effects’: Finance Professor
August 14, 2022
admin
Business & MarketscongressDemocratseconomic recessioneconomyhigh inflationinflationInflation Reduction Act of 2022Policies & ImpactsPoliticsstagflationUSUS News
0 Comment
The Democrats’ Inflation Reduction Act will not reduce inflation as claimed and might end up harming the American economy, a finance professor said in an interview with NTD. “They really didn’t name this inflation reduction act correctly, it should be exactly the opposite,” Michael Butler from Stockton University said in the interview. The Act will…
So-Called Inflation Reduction Act a ‘Massive Power Grab’ by Dems, Says Ted Cruz
August 8, 2022
admin
Business & MarketscongressDemocratseconomic policieseconomic recessioneconomyinflationInflation Reduction Act of 2022Policies & ImpactsPoliticsstagflationTax Credits 2022USUS Budget DeficitUS News
0 Comment
Sen. Ted Cruz (R-Tex.) has criticized Democrats for pushing their so-called Inflation Reduction Act, which he warns is a “terrible bill.” The bill will double the size of the Internal Revenue Service (IRS). But IRS agents are not designed to go after “billionaires and big corporations,” Cruz said in an interview with Fox News. “They’re…
So-Called Inflation Reduction Act a ‘Massive Power Grab’ by Democrats: Sen. Cruz
August 8, 2022
admin
Business & MarketscongressDemocratseconomic policieseconomic recessioneconomyinflationInflation Reduction Act of 2022Policies & ImpactsPoliticsstagflationTax Credits 2022USUS Budget DeficitUS News
0 Comment
Sen. Ted Cruz (R-Tex.) has criticized Democrats for pushing their so-called Inflation Reduction Act, which he warns is a “terrible bill.” The bill will double the size of the Internal Revenue Service (IRS). But IRS agents are not designed to go after “billionaires and big corporations,” Cruz said in an interview with Fox News. “They’re…
Here Is What Stagflation Looks Like
August 4, 2022
admin
Analysisconsumer spendingCOVIDCOVID-19household debtinflationlockdownsOpinionstagflationU.S. economy
0 Comment
Commentary Yes, we have some stagflation. Subsequent to the pre-COVID peak in Q4 2019, real final sales of domestic product have slowed to a crawl, rising by just0.73 percent per annum during the last 2.5 years. We much prefer this measure over real GDP because it removes the abrupt inventory swings from quarter to quarter, which…
Inflation Reduction Act Will Add to Deficit for First Six Years: CBO
August 4, 2022
admin
budget deficitBusiness & Marketseconomyhigh inflationinflationInflation Reduction ActstagflationUSUS NewsUS Sen. Joe Manchin
0 Comment
A recent report by the Congressional Budget Office (CBO) shows that Senate Democrats’ proposed Inflation Reduction Act will raise the budget deficit within the next six years. In the 10-year period between 2022 and 2031, the Inflation Reduction Act is calculated to reduce the budget deficit by $101.5 billion, according to the CBO report published…
‘Inflation Reduction Act’ Is Euphemism for Big Government Socialism, Higher Prices
August 3, 2022
admin
AnalysisChuck SchumerdepressioninflationInflation Reduction ActIRSJoe Manchinminimum taxesOpinionprice controlsrecessionstagflationtax hikeU.S. economy
0 Comment
Commentary In the midst of a recession, with inflation eating away an average of $6,800 in purchasing power from the incomes of families with two workers, the so-called Inflation Reduction Act would impose tax increases, manipulative federal subsidies, and price controls on every American family. The bill would deepen the growing recession, continue to depress…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`