Noted economist Nouriel Roubini has warned that the worst is yet to come for the U.S. economy in the wake of the recent banking turmoil, which could lead to a serious credit crunch. Roubini, who is nicknamed “Dr. Doom” for being one of the first economists to call the recession fo 2008–09, made the comments during an…
Top Economist Warns ‘the Worst Is Ahead of Us’ as Bank Crisis Will Lead to ‘Serious Credit Crunch’
More Than 40 Percent of Americans Expect the Housing Market to Crash Next Year: Survey
December 7, 2022
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Business & Marketseconomisteconomyhousing crashhousing markethousing salesinflationlendingtreeLifestyleMarketsmortgage ratesreal estaterealtorrecessionUSUS NewsUS Real Estate
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A lot of consumers have a very gloomy outlook about the market due to news of mass layoffs, high inflation, and rising credit card debt, according to a new survey that shows 41 percent of Americans believe the housing market will crash next year. The survey was conducted on more than 2,000 American consumers by…
Fed Made ‘2 Big Mistakes:’ Top Economist Warns ‘We Risk a Very High Probability of a Damaging Recession’
Allianz chief economic adviser and noted economist Mohamed El-Erian has criticized the U.S. Federal Reserve, saying the central bank made “two big mistakes that may go down in the history books.” What Happened “One is mischaracterizing inflation as transitory. By that, they meant it is temporary, it’s reversible, don’t worry about it. That was mistake…
War Hit to German Economy Will Last Years: Economist
August 24, 2022
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Business & MarketscrisiseconomisteconomyenergyEuropeGermanyGold and CommoditiesinflationMarcel FratzscherMarketsrecessionRussia-Ukraine WarUkrainewarWorld
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BERLIN—The economic impact on Germany of Ukraine’s war will last years, influential economist Marcel Fratzscher of the German Institute for Economic Research told Reuters, adding that it could cost 3 percentage points of growth this year. Fratzscher, whose institute advises the government of Europe’s largest economy on macroeconomic policy, said the impact could last until…
Senior Democratic Economist Stiglitz Says Fed’s Powell Should Go
September 8, 2021
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Business & EconomydemocraticEconomieseconomisteconomyExecutive BranchFederal Reservejerome powellJoseph StiglitzNobelistPoliticsUSUS News
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WASHINGTON—For U.S. President Joe Biden to be true to his agenda he should not renominate Jerome Powell as Federal Reserve chair, Nobel prize-winning economist and longtime Democratic adviser Joseph Stiglitz said in an interview that laid out the case for a remake of the Fed’s leadership. “People have given Powell a lot of kudos because…
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