Economist Nouriel Roubini has warned about an impending economic crisis in the global economy that policymakers will likely not be able to handle. Following the explosion of leverage, borrowing, and deficits in recent decades, the world economy is now moving towards an “unprecedented confluence” of financial, debt, and economic crises, Roubini warned in a Dec….
‘The Mother of All Economic Crises Looms,’ Warns Economist Nouriel Roubini
December 6, 2022
admin
Business & Marketsdebt burdenseconomic crisiseconomic policieseconomic recessioneconomyglobal economic crisisInvestmentNouriel RoubinirecessionUSUS News
0 Comment
Eurozone Downturn Continues Into Fifth Month, Points to Winter Recession: PMI
Eurozone output contraction extended into the fifth month after a key index released November data, although the pace of decline eased from October, indicating some tough times ahead for the continent’s economies. “A fifth consecutive monthly falling output signaled by the PMI [Purchasing Managers’ Index] adds to the likelihood that the eurozone is sliding into…
From CNN to Gannett, Media Industry Laying Off Workers Amid Recession Fears
It is not only the tech sector that is going through industrywide layoffs and hiring freezes. A growing number of media outlets are firing staff and implementing a broad array of cost-cutting measures in response to recession fears, falling advertising revenue, and annual losses. From CNN to Gannett, more businesses are expected to announce a…
Wall Street Opens Lower Ahead of Service Data
Wall Street’s main indexes opened lower on Monday as investors maintained a cautious stance ahead of data, including a report on the U.S. services sector, to gauge the Federal Reserve’s next move at its rate-setting meeting later this month. The Dow Jones Industrial Average fell 94.1 points, or 0.27 percent, at the open to 34335.73….
Dollar Slips as Easing COVID-19 Curbs in China Lift Sentiment
SINGAPORE—The dollar slid across the board on Monday as traders piled into riskier assets after more Chinese cities eased some of their COVID-19-related restrictions, stoking hopes of an eventual reopening of the world’s second-biggest economy. Financial hub Shanghai and Urumqi in the far west were among the cities that announced an easing of coronavirus curbs…
Oil Prices Rise After OPEC+ Keeps Output Steady, Russian Price Cap Imposed
December 5, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
LONDON—Oil prices rose on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a G7 price cap which kicked in on Russian crude. At the same time, in a positive sign for fuel demand in the world’s top oil importer, more Chinese cities eased COVID-19 curbs over the…
World Shares Mixed, Oil Higher After Russia Price Cap Pact
December 5, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
World shares were mixed and oil prices rose Monday after the European Union and the Group of Seven democracies agreed on a boycott of most Russian oil and committed to a price cap of $60 per barrel on Russian exports. Germany’s DAX slipped 0.3 percent to 14,490.99 and the CAC 40 in Paris lost 0.2…
Credit Rating Agency Warns Recession Could Trigger Property Tax Hikes
Fitch Ratings said Friday that the outlook for state and local governments was “deteriorating” and an expected recession could put pressure on state and local governments to raise property taxes. “Local governments may face slowed growth or possibly contraction in tax revenues associated with real property valuations, which may trigger expenditure controls or revenue-raising measures…
The Administration Can Help the Fed Fight Inflation by Unleashing American Energy Production
Commentary The recent Index of Supply Manufacturers data showed that fewer employers are planning to hire in the months ahead. That’s because inflation is whittling away buying power, leaving Americans with less discretionary income to spend. Less income translates to lower demand for goods—and for the workers who produce these goods. In an effort to…
BofA Warns of Looming Unemployment Shock, Recommends Selling Stock Rallies
Bank of America (BofA) analysts are warning of a collapsing U.S. labor market and a potential rise in unemployment next year. They also recommended selling a stock market rally ahead of the likely surge in job losses. “Bears (like us) worry unemployment in 2023 will be as shocking to Main Street consumer sentiment as inflation…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta