Tag Archives: economist

Economist blasts ‘charlatan’ Krugman over claim that the ‘war on inflation is over’: ‘Fallacious’ – Fox Business

  1. Economist blasts ‘charlatan’ Krugman over claim that the ‘war on inflation is over’: ‘Fallacious’ Fox Business
  2. ‘The war on inflation is over’: Famed economist Paul Krugman just declared victory on white-hot inflation — and says we won at ‘very little cost.’ But here’s what he left out of the math Yahoo Finance
  3. Krugman mocked for inflation chart excluding food, gas, housing costs Business Insider
  4. Paul Krugman’s pathetic inflation victory lap Washington Examiner
  5. NY Times’ Paul Krugman says ‘inflation is over’ — if you exclude food, gas and rent New York Post
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A BRICS currency replacing the dollar is a ‘ridiculous’ idea, says the top economist who named the group—unless China and India become allies – Fortune

  1. A BRICS currency replacing the dollar is a ‘ridiculous’ idea, says the top economist who named the group—unless China and India become allies Fortune
  2. Dedollarization: Idea of BRICS Common Currency Embarrassing, Economist Says Markets Insider
  3. BRICS` idea of `common currency`, potential expansion creates jitters in the West WION
  4. The idea of a BRICS common currency is almost ’embarrassing,’ the economist who named the group says Yahoo Canada Finance
  5. DeDollarization? Nope, says BRICS guy. Bloc’s plans for a common currency are ‘ridiculous’ ForexLive
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Economist who anticipated bank failures says U.S. recession may be just around the corner – MarketWatch

  1. Economist who anticipated bank failures says U.S. recession may be just around the corner MarketWatch
  2. U.S. economy headed toward growth slowdown, says Manulife’s Frances Donald CNBC Television
  3. The recession will be different this time & central banks’ are using a different playbook to respond: Economist Yahoo Finance
  4. A rolling recession in the economy is turning into a rolling recovery that should help limit downside in the stock market msnNOW
  5. Housing, Layoffs and a Leading Recession Indicator: 3 Things to Watch | Market Takes Dion Rabouin | WSJ
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Fed wants to ‘take a breather’ and assess rate hike impact on economy: Economist – Yahoo Finance

  1. Fed wants to ‘take a breather’ and assess rate hike impact on economy: Economist Yahoo Finance
  2. The stock rally will end soon, recession will hit, and the Fed won’t hike interest rates again, markets guru Jeremy Siegel predicts Yahoo Finance
  3. I think the Fed is on hold for an extended period of time, says Marathon Asset’s Bruce Richards CNBC Television
  4. A higher annual percentage yield (APY) will, simply put, grow your money faster, no matter how much of it you’re able to stash away. KTBS
  5. Fed needs market to continue pricing in future rate hikes: Economist Yahoo Finance
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Housing economist breaks down why millennials are losing out to boomers as top buyers of homes on the market – Fortune

  1. Housing economist breaks down why millennials are losing out to boomers as top buyers of homes on the market Fortune
  2. 60% of Gen Z Do Not Believe Taking Out a Mortgage Is the Best Home-Buying Option: Here’s Why Yahoo Finance
  3. Gary Acosta & Carolina Jannicelli: More homeownership is one way to close racial wealth gap – Jacksonville Business Journal The Business Journals
  4. Boomers and millennials fight for homes as housing market cools The Hill
  5. Housing Market 2023: How Mortgage Rates Are Boosting Competition Between Boomers and Millennials Yahoo Finance
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Wall Street is wrong: Former Pimco chief economist Paul McCulley predicts rate hikes will end next month – CNBC

  1. Wall Street is wrong: Former Pimco chief economist Paul McCulley predicts rate hikes will end next month CNBC
  2. Moody’s Mark Zandi doesn’t expect the Fed to cut until a recession CNBC Television
  3. Fed should pause war on inflation as US jobs growth is slowing: Moody’s Markets Insider
  4. Moody’s Chief Economist: Inflation Won’t Hit Number ‘Closer to’ Fed Target that Anyone’s ‘Comfortable’ with for Another Year Breitbart
  5. Main street pain will help convince Fed to pause, fmr. Pimco chief economist Paul McCulley predicts CNBC Television
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Fed rate hikes: ‘History tells us some softening in labor market is likely in store,’ economist says – Yahoo Finance

  1. Fed rate hikes: ‘History tells us some softening in labor market is likely in store,’ economist says Yahoo Finance
  2. Stock market crash risk now higher after Powell flagged hikes: El-Erian Markets Insider
  3. Fed Chair Powell: Interest-sensitive spending like housing is most affected when we raise rates CNBC Television
  4. El-Erian Says Powell’s Comments Put Fed In Tricky Dilemma – Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPD Benzinga
  5. Inflation: Markets believe ‘Powell will not stop tightening policy,’ Macro Compass Founder says Yahoo Finance
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US home prices could plunge 20% amid risk of ‘deep’ housing slide, Fed economist warns – Fox Business

  1. US home prices could plunge 20% amid risk of ‘deep’ housing slide, Fed economist warns Fox Business
  2. U.S. home prices to fall 4.5% in 2023 despite higher rates: Reuters poll Reuters
  3. US home prices could plunge 20% as risk of ‘global housing slide’ looms: Dallas Fed New York Post
  4. US housing market faces 20% correction and more rate hikes brought on by affordability crisis Daily Mail
  5. Dallas Fed: Housing market is only passing through a modest correction, but ‘tighter than expected’ monetary policy could trigger a ‘more severe’ price drop Fortune
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Myanmar junta frees Australian economist, former UK envoy in mass amnesty

  • Australian held for 650 days for state secrets breach
  • Opponents sceptical of junta’s motives
  • Turnell headed for Australia – PM
  • Amnesty a bright spot at ‘incredibly dark time’ – Blinken

Nov 17 (Reuters) – Myanmar’s ruling military on Thursday freed a former British ambassador, a Japanese filmmaker and an Australian economic adviser to deposed leader Aung San Suu Kyi, officials said, among nearly 6,000 prisoners included in a mass amnesty.

Australia said economist Sean Turnell left Myanmar on Thursday and had arrived in neighbouring Thailand, while a diplomatic source confirmed former British envoy Vicky Bowman had also left the country.

Myanmar’s state-run MRTV showed footage of the pair as well as Japan’s Toru Kubota, signing exit documents with officials. The United States said its citizen, Kyaw Htay Oo, was released.

Turnell was arrested a few days after the army seized power from Suu Kyi’s elected government in February last year, ending a decade of tentative democracy.

The coup sparked chaos and a bloody army crackdown on dissent that has drawn international condemnation and fuelled an armed resistance movement against the military.

Australian Prime Minister Anthony Albanese thanked the leaders of Thailand and Cambodia for pressuring the military to free Turnell, who was found guilty of a state secrets violation and sentenced in September to three years in jail.

“I’ve just spoken to Sean Turnell, who has been released from 650 days of unfair, unjust imprisonment in Myanmar,” Albanese told reporters in Bangkok, where he is attending the Asia-Pacific Economic Cooperation summit.

“He will travel overnight to Australia to be with his family.”

State-controlled media said the amnesty included 5,774 prisoners and foreigners were released “for the relationship with other countries and also for humanitarian purposes”.

Speaking in Bangkok, U.S. Secretary of State Antony Blinken said the release was “one bright spot in what is otherwise an incredibly dark time.”

“Whether this signals anything more broadly about the intentions of the regime, I can’t tell you – too soon to say.”

‘HOSTAGE TACTICS’

Myanmar’s shadow National Unity Government, which backs the resistance movement, said it was heartened by the amnesty, but said the world should not be duped.

“These types of hostage tactics by the junta should not fool the international community into believing that the military has changed its colours,” said Htin Linn Aung, an NUG minister and spokesperson.

A junta spokesperson did not answer Reuters’ calls seeking comment.

Bowman, Britain’s ambassador from 2002-2006 who heads a group promoting ethical business in Myanmar, had been jailed for immigration violations.

Kyaw Htay Oo was detained on terrorism charges, media has reported. Kubota was last month sentenced to 10 years in prison for violating sedition and communications laws.

Human rights groups have said their detentions, as well as thousands of others, were politically motivated. The junta has denied that.

Japan’s chief cabinet secretary Hirokazu Matsuno earlier on Thursday said Japan “will continue to demand Myanmar take specific and appropriate actions to rebuild democratic society, and to solve problems peacefully and seriously.”

Others included in the amnesty were 11 celebrities plus Kyaw Tint Swe, a former minister and a close aide to Suu Kyi, according to state media.

Suu Kyi’s former ruling party spokesperson Myo Nyunt and prominent democracy advocate Mya Aye were among those seen by witnesses leaving the Insein prison in the biggest city Yangon.

“I will be together with Myanmar people no matter what the situation is,” Mya Aye said.

The Assistance Association for Political Prisoners (AAPP), which has been documenting the military’s crackdown, said the junta had freed the foreigners to ease political pressure.

“Yet again, political prisoners are being used as bargaining chips,” it said.

Phil Robertson, deputy Asia director of Human Rights Watch, said people should not be jailed for expressing political views.

“One hopes this release will not be a one-off event but rather the start of a process by the junta to release all political prisoners,” he said.

Reporting by Reuters staff; Writing by Kanupriya Kapoor and Martin Petty; Editing by Lincoln Feast, Simon Cameron-Moore, William Maclean

Our Standards: The Thomson Reuters Trust Principles.

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Credit Suisse is not about to cause a Lehman moment, economist Sri-Kumar says

Worries are mounting over Credit Suisse’s financial health — but that doesn’t mean markets are headed toward a “Lehman moment,” said the president of Sri-Kumar Global Strategies.

“I think the Federal Reserve is going to have to face the consequences of a credit event” if it were to occur, Komal Sri-Kumar told CNBC’s “Squawk Box Asia” on Monday. “Something is going to break.”

“This may or may not be a Lehman moment,” he said, referring to the collapse of Lehman Brothers in 2008, which triggered a string of big Wall Street bailouts and a subsequent financial crisis.

Over the weekend, several media outlets reported that Credit Suisse sought to assuage investors’ concerns over its financial health — the Swiss bank reportedly contacted its biggest clients after its credit default swaps rose sharply.

CDSs are essentially insurance bets against defaults and a credit event refers to a negative and sudden change in the borrower’s ability to repay its debt.

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A long-time critic of the Fed’s approach to the rise of prices, Sri-Kumar said the latest events surrounding Credit Suisse shows the “real danger of having miscalculated inflation for such a long time.”

“They are trying to make up for it by doing everything in a hurry,” he said, referring to the Fed’s continued hawkish policy and pledge to continue hiking interest rates to tamp down on inflation.

In the Fed’s latest monetary policy meeting in September, the central bank raised its benchmark rate by three-quarters of a percentage point and indicated it will keep raising rates well above the current level.

Sri-Kumar said such attempts at controlling inflation is dangerous for markets worldwide.

“It carries an enormous amount of risk to the global system in terms of what the various central banks are doing,” he said.

The latest reports of Credit Suisse’s actions to calm concerned investors could point to an eventual shift in the Fed’s direction, said John Vail, chief global strategist at Nikko Asset Management.

“The silver lining at end of this period, is the fact that central banks will probably start to relent some time as both inflation is down and financial conditions worsen dramatically,” he said on CNBC’s “Squawk Box Asia” Monday.

“I don’t think it’s the end of the world, but it could get scary for the next quarter or so,” he said.

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