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…
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…
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…
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…
The consensus among market-watchers is becoming more depressing by the day. Until the U.S. gets a handle on coronavirus, economic pain will continue to add up. The oncoming recession could rival the Great Depression. The U.S. stock market has been surprisingly resilient over the past few days as the bad news continued to pour in.…
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…
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…
