Category: Economist

Economist Purged from Chicago Fed for Criticizing ‘Defund the Police’
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Economist Purged from Chicago Fed for Criticizing ‘Defund the Police’

The Federal Reserve Bank of Chicago ended its work with University of Chicago economics professor Harald Uhlig after he was targeted by left-wing peers for criticizing the Black Lives Matter movement’s call to “defund the police.” As Breitbart News reported earlier this week, Uhlig had tweeted that he supported the Black Lives Matter movement, but that…

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‘No Playbook’: Economist Reveals Why Every Dow Jones Forecast Is BS
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‘No Playbook’: Economist Reveals Why Every Dow Jones Forecast Is BS

Stock market analysts continue to set price targets for the Dow Jones and other indices amid the coronavirus-induced turmoil. Economist Mohamed El-Erian says that there’s “no playbook” for predicting where the stock market will go next. He warns that the wild equities swings stem from rapidly-changing narratives – not fundamentals. After the U.S. stock market…

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French Economist: EU Risks Suicide, Could Collapse over Coronavirus
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French Economist: EU Risks Suicide, Could Collapse over Coronavirus

French economist Jean-Paul Fitoussi is the latest financial expert to sound the alarm that a lack of solidarity in dealing with the coronavirus pandemic could spell the end of the European Union (EU). Professor Fitoussi said the EU must act to aid countries affected by coronavirus and create a Europe-wide investment plan. Otherwise, the bloc itself…

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Economist Calls Trump’s Coronavirus Response ‘Abysmal’ — Data Show He’s Right
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Economist Calls Trump’s Coronavirus Response ‘Abysmal’ — Data Show He’s Right

Harvard Economist says Donald Trump’s Coronavirus strategy is “abysmal.” Evidence of the president’s failure to act is well documented by his reluctance to act despite increasing warning signs. German data prove that an early response and focus on the healthcare system could have saved lives. After weeks of dismissing the coronavirus as a flu, a…

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Economist Rings 2020 Recession Alarm after ‘Turbo Fiscal Boost’ Fizzle
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Economist Rings 2020 Recession Alarm after ‘Turbo Fiscal Boost’ Fizzle

Former IMF economist predicts a recession to happen in 2020. 2019 stock market rally has been driven by relaxed financial conditions and big liquidity rejections. But, repo market often sees volatility at year’s end and negative sentiment could carry over to 2020. Mark Dow, a former International Monetary Fund (IMF) economist, says 2020 will be…

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Top Economist Says That the Way to Kill Bitcoin Is to Keep Price Under $1,000
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Top Economist Says That the Way to Kill Bitcoin Is to Keep Price Under $1,000

A widely-followed economist says suppressing bitcoin price can kill the cryptocurrency. Research supports this assessment as retail traders still dominate the market share. The strong correlation between bitcoin and Google searches point to the vulnerability of retail traders to price manipulation. Alex Kruger, an economist and trader, took to Twitter to share his thoughts on…

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