Financial market investors are concerned that the US is on the brink of economic downturn as central bankers in Jackson Hole reaffirmed their intention to raise interest rates to control inflation. Steve Hanke, professor of applied economics at Johns Hopkins University, said he thinks the US is heading for a “massive” recession next year, but …
Financial market investors are concerned that the US is on the brink of economic downturn as central bankers in Jackson Hole reaffirmed their intention to raise interest rates to control inflation. Steve Hanke, a professor of applied economics at Johns Hopkins University, said he believes the US is headed into a “massive” recession next year, …
As many of the world’s most powerful economic policymakers took to the lectern at an annual economic symposium in Jackson Hole, Wyoming, in the last few days, a recurring — and disturbing — theme emerged from the proceedings. Many of these leaders believe that the extraordinary economic volatility of the last few years — with …
The global economy may have entered a new era: “The Great Volatility” Read More »
Still reeling from Fed Chair Jerome Powell’s longer-term higher comments last week, it appears that riskier assets like stocks are poised for another blow, on Monday. “The stock market can’t collapse more than 5% based on one man’s words,” grumbled Chris Robke, chief economist at FWDBONDS, who sees a major credibility problem for the central …
Homes in Hercules, Calif. The Bay Area is seeing home-price growth stall. David Paul Morris/Bloomberg Text size In a matter of months, the pandemic’s red-hot housing market has chilled, recently entering what some economists have called a housing recession. The slowdown will contribute negatively to the economy but could present opportunities for some buyers who …
The Housing Market Is in Recession. What It Means for Home Buyers. Read More »