News Analysis There was widespread fear and loathing on Wall Street after the Fed’s announcement of further rate increases, 75 basis points again and the sixth increase this year. The Fed has not increased rates this far this fast in the entire postwar period. The pace is without precedent, and indicates that the Fed is…
The Fed Has Just Begun to Fight
November 3, 2022
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AnalysisBusiness & MarketsBusiness ColumnistsFederal Reserveinflationinterest ratesOpinionPandemic ResponserecessionstagflationU.S. economy
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Economist Dubbed ‘Dr. Doom’ Says We’re Back in Great Financial Crisis Territory but This Time It’s Worse
Economist Nouriel Roubini, who’s been dubbed “Dr. Doom” for his gloomy-yet-correct prediction of the 2008 market meltdown, told Bloomberg in a recent interview that the United States is back in Great Financial Crisis territory, except now there are even more problems and cause for worry. Roubini, CEO of Roubini Macro Associates and author of “MegaThreats,”…
Stagflation Signs Mount as Fed Manufacturing Index Shows Activity Slump, Inflation Higher
Signs of stagflation are mounting as recent data from the Federal Reserve Bank of Richmond reveal dismal manufacturing activity and elevated inflation weighing down on the U.S. economy. The Richmond Fed’s Manufacturing Index declined from an already low level of zero in September to -10 in October, going below its August level, said an Oct….
Economist Says Fed ‘Badly Misdiagnosed’ Inflation, Warns of ‘Stagflationary Swamp’ If Another Error Made
The economist Mohamed El-Erian has criticized the Federal Reserve for how poorly it has dealt with inflation, and he warned about the United States slipping into stagflation if policymakers do not deal with the issue carefully. Because of having “badly misdiagnosed” inflation last year, the Federal Reserve “significantly intensified” its policy response in the last…
Be Ready for ‘Great Stagflationary Instability,’ Warns Nouriel Roubini
The U.S. and global economies might be embarking upon a new era of “Great Stagflation Instability,” according to the economist Nouriel Roubini. Roubini, a professor of economics at New York University’s Stern School of Business, wrote an opinion piece for TIME magazine, in which he warned that the inflationary pressures that have popped up worldwide…
Be Ready for ‘Stagflationary Crisis,’ Warns Nouriel Roubini
The U.S. and global economies might be embarking upon a new era of “Great Stagflation Instability,” according to famed economist Nouriel Roubini, nicknamed “Dr. Doom” for correctly predicting the 2008 financial crisis. Roubini, a professor of economics at New York University’s Stern School of Business, wrote an opinion piece for Time magazine, in which he…
Be Ready for ‘Stagflationary Crisis,’ Economist Roubini Warns
The U.S. and global economies might be embarking upon a new era of “Great Stagflation Instability,” according to famed economist Nouriel Roubini, nicknamed “Dr. Doom” for correctly predicting the 2008 financial crisis. Roubini, a professor of economics at New York University’s Stern School of Business, wrote an opinion piece for Time magazine, in which he…
Inflation and Recession Are Becoming Entrenched
News Analysis What do you expect? According to Joseph Biden, as conveyed through the teleprompter, we are already in the clear: “‘No,’ Biden said when asked by CNN’s Jake Tapper if Americans should prepare for a recession. “‘It hadn’t happened yet,’ the president added later. ‘I don’t think there will be a recession. If it is, it’ll…
A Cautious Fed Sets Up ‘Stagflation’ After a ‘Just Right’ Jobs Report, No ‘Soft Landings’
October 7, 2022
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Business & MarketsBusiness Columnistseconomic policieseconomyFederal ReserveinflationjobsMarketspricesrecessionstagflationstocksUSUS News
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Commentary September jobs printed at 263,000 new jobs, somewhat above the consensus estimate of 250,000 jobs. That’s 52,000 fewer jobs than were created in August 2022 and 161 fewer jobs than September 2021. July revisions added another 11,000 jobs; August was unrevised. It is generally believed that 200,000–250,000 jobs are required to accommodate population growth. The unemployment rate was…
Stagflation Is ‘Just the Beginning’ for America’s Economic Crisis: Peter Navarro
September 30, 2022
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Business & MarketsDonald Trumpeconomic policieseconomyinflationMarketspersonal financePeter NavarrorecessionstagflationUSUS News
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Economist Peter Navarro, erstwhile adviser to former President Donald Trump, told Epoch TV’s “Crossroads” program in a recent interview that the current stagflationary downturn stalking the U.S. economy is “just the beginning” of America’s economic woes, and that Trump is the one who’s best poised to pull the country out of a dire slump. Navarro…
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