Category: Economy

Leon Cooperman says the Fed wrong to cut rates: It’s ‘screwing’ savers

Billionaire investor Leon Cooperman on Thursday said he believes that the Federal Reserve is “screwing the savers” by cutting interest rates like they did...

US consumer sentiment September 2019 preliminary

A shopper browses clothing at a Kohl’s Corp. department store in Peru, Illinois Daniel Acker| Bloomberg | Getty Images Sentiment in the U.S. rose more than...

Real US debt levels could be a shocking 2,000% of GDP, report suggests

Total potential debt for the U.S. by one all-encompassing measure is running close to 2,000% of GDP, according to an analysis that suggests danger but also cautions...

us trade deficit – july 2019

Shipping containers from China and other nations are unloaded at the Long Beach Port in Los Angeles, on February 16, 2019. Mark Ralston | AFP | Getty Images The U.S....

Esther George says the Fed’s ‘large balance sheet’ may have helped cause the yield curve inversion

Kansas City Fed President Esther George said the Federal Reserve may be partly responsible for the yield curve inversion. “I think the Fed still has a large...

I would borrow as much as I could

Economist Art Laffer, a supporter of President Donald Trump, warned Thursday on CNBC about the moral hazard of having the kind of negative interest rates seen across...

Former Fed official Kocherlakota agrees with Trump on interest rates

Former Minneapolis Fed President Narayana Kocherlakota voiced agreement Tuesday with President Donald Trump’s contention that interest rates are too high. While he...

Trump, Navarro only White House officials blaming volatility on Fed

President Donald Trump and economic advisor Peter Navarro are alone in the White House when it comes to blaming Federal Reserve Chairman Jerome Powell for the economic...

Escalating China trade war means recession will come

If the U.S. continues to raise a wall of tariffs on Chinese goods in the coming months and China responds, expect a global recession in three quarters, Morgan Stanley...

US services growth slows to weakest level since 2016: ISM

Cement is laid on the San Joaquin River viaduct portion of the high-speed rail line being built in Fresno, California, on May 8, 2019, amid ongoing construction of the...