Commentary In a recent Bloomberg article, a group of economists voiced their fears that the Federal Reserve’s inflation fight may create an unnecessarily deep downturn. However, the Federal Reserve doesn’t create a downturn due to rate hikes; it creates the foundations for a crisis by unnecessarily lowering rates into negative territory and aggressively increasing its…
The Pink-Collar Worker Crisis
October 7, 2022
admin
AnalysisBusiness & MarketsBusiness Columnistsjob marketlabor participationlabor shortagelockdownsmandatesOpinionPandemic Responsepink-collar workerU.S. economy
0 Comment
Commentary The first time I heard the phrase “pink collar worker” was two days ago from The Atlantic, which published fascinating data on what it describes as mass burnout among nurses, childcare workers, teachers, and other women-dominated professions. The phrase itself dates from the 1970s—the female version of “blue collar” one supposes—and I’m oddly surprised…
Say Goodbye to the Labor Shortage
October 5, 2022
admin
Business & MarketsBusiness Columnistsinflationjob creationjob marketlabor participationlabor shortagerecessionU.S. economyunemployment rate
0 Comment
Commentary It was good, or at least fascinating, while it lasted. The labor shortage is ending. In the entirety of the post-lockdown period, labor markets have been behaving strangely. We’ve seen incredibly low unemployment numbers (3.6 percent) that everyone has known do not tell the whole story. That figure only calculates people in the market…
When Will the Fed Blink?
October 4, 2022
admin
AnalysisBank of EnglandBusiness & MarketsBusiness ColumnistsFederal ReserveinflationOpinionrecessionU.S. economy
0 Comment
Commentary Let’s understand the significance of the Bank of England’s announcement that it would start buying $65 billion in UK public debt. It represents an about-face on the previous policy of using central bank power to sop up excess liquidity in hopes of getting inflation under control. It’s like crossing a river halfway and then…
Revised GDP Data Confirm US Economy Fell Into ‘Technical Recession’ in First Half of 2022
September 29, 2022
admin
Business & Marketseconomic policieseconomyinflationinterest ratespersonal financerecessionU.S. economyUS
0 Comment
The U.S. economy contracted for two consecutive quarters this year, according to a revised government report, which technically meets the criteria for a recession. The third and final update was released on Sept. 29 by the Bureau of Economic Analysis, as rising inflation and higher interest rates weighed on consumer spending. U.S. gross domestic product…
Hey, Recession Isn’t So Bad, Says the Washington Post
Commentary You know it’s going to happen. The Biden administration spent months saying there will be no recession. When it finally came in the technical data, they said that it’s not true. It’s only a matter of time before they admit it is here. At that point, they will claim it’s a good thing. This…
The Reason That Good Economic News Is Bad for the Market
September 28, 2022
admin
Business & MarketsBusiness ColumnistseconomymarketMarketsOpinionrecessionstocksTreasury yieldU.S. economyUSViewpoints
0 Comment
Commentary Many of you may have noticed a recent trend whereby good economic news causes the stock market to fall. Theoretically, higher than expected gross domestic product (GDP), or lower than expected unemployment, would be good for the economy, corporate earnings, and the stock market. During normal times, and over the long run, that’s true….
Capitol Report (Sept. 27): Inflation Persists as Government Spends; Concerns Resurface Over CCP Farmland Purchases
September 27, 2022
admin
Capitol ReportCarlos GimenezChinaChuck SchumerCongressional Budget OfficeEpochTVFederal Student Loangovernment funding billgovernment shutdownHurricane IanJoe BidenMidtermsNancy PelosiShinzo AbeU.S. economyUSUS News
0 Comment
Lawmakers on Capitol Hill are rushing to get a government funding bill through both chambers of Congress—just three days away from risking a government shutdown. President Joe Biden’s plan to cancel federal student loans could cost over $400 billion, according to a report by the Congressional Budget Office. With the midterms just around the corner,…
The Fed Fears Something Worse Than a Bear Market
September 27, 2022
admin
Analysisbear marketBusiness & MarketsBusiness ColumnistsFederal ReserveinflationOpinionrecessionstock marketU.S. economy
0 Comment
Commentary The strategy of buying the dip went on for months, with unrelenting hope that this was all surely temporary. The economy was opening. Congress was spending. The Fed surely would not crash the markets before the November election. All will be well. No reason to panic. Not even weekly warning by the Fed would…
As the Economy Collapsed, Why Were Economists Silent?
September 26, 2022
admin
AnalysisBusiness & MarketsBusiness ColumnistseconomistsinflationlockdownsOpinionrecessionU.S. economy
0 Comment
Commentary Public health as a profession has fallen into dispute but it is hardly the only one. The economists bear responsibility too, for it is they who should have been aggressive, open, and loud about every aspect of the pandemic policy response. And yet, they were largely silent as markets were wrecked, Congress blew up…
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`