Despite retaining India’s credit rating at the lowest investment grade, ratings agency S&P Global warned that the Asian economy will face mounting deficit and debt levels in fiscal 2021 in the aftermath of the coronavirus crisis. In its forecast released earlier this week, S&P said it expects India’s debt-to-GDP ratio […]
Economic
70 posts
The founder and lead market strategist at NorthmanTrader explains how the Fed has boxed itself in and why our fundamental economic capacity fails to grow. Sven Henrich is the outspoken founder and lead market strategist at NorthmanTrader. Well known for his appearances on CNBC, CNN Business and MarketWatch, Sven is […]
Despite India being an important partner for the United States geopolitically, a bilateral free trade agreement (FTA) is unlikely to be reached soon regardless of who wins the upcoming US presidential election. That’s according to Todd Buchholz, who served as the director of economic policy at the White House under […]
Work to begin soon on linking Iran power grid to Russia, Azerbaijan: Report …from PresssTV, Tehran [ Editor’s Note: I had known that Iran has been investing in electric generation, in what seemed far in excess of its projected domestic needs as a way to use its huge gas deposits […]
Treasury Secretary Steven Mnuchin was optimistic about the economic rebound from the COVID-19-nduced slump. But Federal Reserve Chairman Jerome H. Powell credited the $2.2 trillion stimulus passed in March for the recovery, and warned things could get worse without a second package. US Treasury Secretary Steven Mnuchin has held out […]
Britain is holding another Black Pound Day, when consumers are encouraged to buy from black-owned businesses. RT learns more about the idea from the people behind it. Saturday marks the UK’s third Black Pound Day. It’s a grassroots campaign to encourage the public to give their custom to black-owned businesses […]
One of the best-known macro analysts breaks down last week’s Jerome Powell speech and whether it truly represents a new policy era for the Federal Reserve. Our main conversation is with Luke Gromen, founder of the Forest for the Trees consulting firm. In this conversation, we discuss: Source link
The University of Alabama in Tuscaloosa makes up a sizeable portion of the city’s population of roughly 100,000. Mayor Walt Maddox says losing an entire semester of school would be “economically disastrous for our community.” Wesley Hitt/Getty Images hide caption toggle caption Wesley Hitt/Getty Images The University of Alabama in […]
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/middleeast/202008291080311516-uae-orders-cancellation-of-economic-boycott-against-israel-reports-say/ Tel Aviv and Abu Dhabi announced their plans to normalise their ties earlier this month, with the United Arab Emirates becoming the first Gulf state to establish relations with Israel. United Arab Emirates President Khalifa bin Zayed Al Nahyan has issued a decree […]
The greatest economic recovery in US and world history continues. The S&P 500 hit a new all-time high today after the President showcased his list of great accomplishments this past week. The stock markets have increased faster since March than any time in history. The previous record was between President […]
Reforms Are Won When Social Movements Inflict Real Costs On The Economic Elite By Justin Vassallo, Truthout. August 24, 2020 Reforms Are Won When Social Movements Inflict Real Costs On The Economic Elite2020-08-242020-08-24https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/you-have-the-power-to-be-the-change-e1577647608266.jpg200px200px There’s a tendency in US progressive politics to focus on rehabilitating capitalism for working people. Elizabeth Warren’s campaign for […]
The greatest economic recovery in US and world history continues. The S&P 500 hit a new all-time high today after great news on housing and manufacturing data. The stock markets have increased faster since March than any time in history. The previous record was between President Trump’s election win and […]
Trump Scuttles Economic Stimulus Negotiations By Jack Rasmus, Popular Resistance. August 8, 2020 Trump Scuttles Economic Stimulus Negotiations2020-08-082020-08-08https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/08/covidtalks-e1596890242609.jpg200px200px Above photo: Treasury Secretary Steven Mnuchin, center, and President Donald Trump’s Chief of Staff Mark Meadows, second from right, leave following a meeting with House Speaker Nancy Pelosi of Calif. and Senate Minority […]
After suffering its worst monthly fall in about a decade, the US currency has started August with a bounce. However, analysts predict further weakness in the greenback. “We expect the currency to be undermined by an ebbing of safe-haven flows, a reduction in the US rate advantage, and political uncertainty […]
US GDP Collapses And Economic Rebound Fades August 4, 2020 US GDP Collapses And Economic Rebound Fades2020-08-042020-08-04https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/08/landt-e1596569763396.jpg200px200px Above photo: The Boston Lord & Taylor store placed Store Closing Sale signs in its windows as it declares bankruptcy. Michael Lisicky/JDB. This past week US economy collapsed in the 2nd quarter by 32.9% […]
Racial And Ethnic Economic Inequality And The COVID-19 Pandemic By Thomas Hanna, Democracy Collaborative. August 4, 2020 Racial And Ethnic Economic Inequality And The COVID-19 Pandemic2020-08-042020-08-04https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/08/16x9_m-1.jpg200px200px Above photo: People wait in line for masks and food in Harlem in New York City in April. Bebeto Matthews/The Associated Press. The Democracy Collaborative […]
A recap show on wealth inequality, stock markets and taking it back featuring Jill Carlson, Michael Krieger, Daniel Lacalle, George Gammon and more. Despite a huge variety of perspectives and experiences, one theme shown through in Breakdown conversations in July: the disparity between the stock market and the real economy […]
Well, this is a no-brainer.President Donald Trump SURGED past Sleepy Joe in the latest monthly Democracy Institute/ Sunday Express poll on the economy.Trump polls at 48% and Joe Biden polls at 46% in their latest monthly poll. More importantly President Trump leads Joe Biden 48 percent to 43 percent in […]
Relations between the United States and the Islamic Republic of Iran have become increasingly strained in recent years, following the 2018 withdrawal by the Trump administration from the 2015 joint agreement pledging a peaceful development of nuclear power. Iran’s Foreign Ministry said in a Sunday statement that it would introduce […]
From the size of a second round of stimulus to COVID-19 litigation to reshoring, last week previewed some key issues for the months to come. On this week’s edition of The Breakdown Weekly Recap, NLW argues the big story of the week was actually a set of smaller stories that […]
The French economy contracted by a record 13.8 percent in the second quarter, data from the national statistics agency INSEE has revealed, highlighting the cost of coronavirus lockdowns. The historic decline marked a third consecutive quarter of negative growth in a worsening recession. France’s economy started shrinking in the last […]
After a two-day closed-door meeting this week, the Federal Reserve issued a six-paragraph statement on Wednesday and held an hour-long press conference. None of that was news, of course, and neither was anything else emanating from the U.S. central bank, which announced no policy changes. You’re reading First Mover, CoinDesk’s daily […]
Imperialist Economic War Costs US Almost $200 Billion By Pasqualina Curcio, People’s Voice. July 29, 2020 Imperialist Economic War Costs US Almost $200 Billion2020-07-292020-07-29https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/07/venezuela-defend-the-homeland-indestructible-e1596040182366.jpg200px200px Above photo: Venezuela Defend the Homeland, Indestructible, from Peoples World. Quantifying each and every one of the effects of the war that imperialism has declared on the […]
White House economic adviser Larry Kudlow has said that more stimulus checks are coming, along with an extension of the current eviction moratorium. However, he was slammed for claiming that all is well with the US economy. The $1 trillion bill will include another round of stimulus checks – to […]