Inflation is a leading predictor of difficult times for investors, and most asset bear markets tend to get their start with this indicator rising. Rising inflation often precedes rate hikes by central...
Tag: economist
Economist Peter Schiff Warns Fed Action Could Lead to Market Crashes, Massive Financial Crisis, Severe Recession – Economics Bitcoin News
Gold bug and economist Peter Schiff says there are two possible outcomes of the Federal Reserve’s action on the U.S. economy. One outcome leads to “a massive financial crisis and severe recession” as ...
I’m the US chief economist at Vanguard, and here are 5 things investors should consider now amid high inflation
“High inflation is unlikely to become a permanent feature of the economy,” said Vanguard’s U.S. chief economist and head of portfolio construction Roger Aliaga-Diaz. Vanguard Despite the Federal Reser...
Bitcoin Indicator That Historically Predicts Explosive Moves Just Started Flashing: Economist Alex Krüger
Widely followed economist Alex Krüger says there’s an under-the-radar indicator flashing that has historically signaled huge bouts of volatility in Bitcoin (BTC). Krüger tells his 146,200 Twitter foll...
The stock market is wrong: the economy isn’t going to ‘blow a gasket’ just yet, warns economist
While this year’s sharp selloff in stocks might feel brutal, particularly after the carnage of September, the S&P 500 remains about 17.1% above year-end 2019 levels, according to Dow Jones Market ...
Top economist Mohamed El-Erian says the ‘relentless appreciation of the dollar’ is terrible news
The British pound, like most major currencies other than the dollar, has been under siege throughout 2022. And the situation deteriorated dramatically last week, when the U.K.’s new prime minister, Li...
‘Disinflationary wave is building’ even as investors anticipate aggressive Fed rate increase, says this economist
Signs of disinflation have emerged even as investors fear Federal Reserve Chair Powell and his colleagues will keep battling inflation through aggressive rate hikes that have hurt both stocks and bond...
Harvard economist Larry Summers says the Fed should keep hiking rates
The Federal Reserve has been intensely criticized this year for failing to do enough to rein in inflation. Last week, the Bureau of Labor Statistics revealed that prices rose again in August followi...
Is the housing market really crashing? Redfin’s chief economist shares her predictions
This article is reprinted by permission from The Escape Home, a newsletter for second homeowners and those who want to be. Subscribe here. © 2022. All rights reserved. Inflation is high and interest ...
Even after the market meltdown, investors are still making two implausible assumptions about the next six months, this economist says
Not for the first time, inflation numbers caught the market by surprise. The bad news was the S&P 500 SPX, +0.43% saw the largest one-day decline in two years, slumping 4.2%. The good news if you’...
No Relief From High New Car And Truck Prices; Subprime Loans Hit Hardest
A dealership shopper looks at a window sticker. Getty Images There’s still no letup in sight for high new-vehicle prices, despite some factors that could dampen consumer demand — like higher interest ...
Top Economist Says “Abandon Bitcoin Ship Before The Bottom Drops Out”
– Advertisement – BTC Critic Peter Schiff Advises Bitcoin Investors To Abandon Ship. Peter Schiff, one of the most vocal BTC critics, once again advises Bitcoin investors against “buying t...
Outspoken China Analyst to Join Hedge Fund as Chief Economist
(Bloomberg) — Hong Hao, the former China strategist at Bocom International Holdings Co. who resigned earlier this year following bearish reports on the country, will be joining a Shanghai-based ...
Economist predicts a ‘whopper’ of recession in 2023 — and that’s not necessarily due to higher interest rates
Financial markets investors worry the U.S. is on the brink of an economic downturn as central bankers in Jackson Hole reaffirmed their determination to raise interest rates to bring inflation under co...
U.S. needs miracle to avoid recession, economist Stephen Roach warns
Negative economic growth in the year’s first half may be a foreshock to a much deeper downturn that could last into 2024. Stephen Roach, who served as chairman of Morgan Stanley Asia, warns the ...
The housing market ‘in much worse shape’ than Fed wants to admit: Economist
The U.S. housing market is under pressure. Data this week on new home sales and pending home sales reflected sharp drops from last year and showed the impact higher interest rates continue to have on ...
Top economist Larry Summers recommends a way for Biden to forgive trillions in student debt—and it echoes what Sen. Elizabeth Warren says
A day after criticizing any effort by the Biden Administration to forgive student loan debt, former Treasury Secretary Larry Summers has offered an alternative. “I think the best way to relieve studen...
Famous Economist Who Predicted 2008 Stock Market Crash Now Has Negative Predictions For Bitcoin
– Advertisement – Schiff is at it again, as he expects the price of BTC to crash below $10,000. The cryptocurrency market has shredded a huge percentage of its value since the beginnin...
The Fed’s hawkish stance risks ‘overkill,’ economist says
As the U.S. continues its reckoning with inflation, the Federal Reserve has not backed down. “Members of the [Federal Open Market Committee] are saying they’re just as hawkish as they̵...
China’s heatwave could have knock-on effect on its economy: Economist
A citizen wearing a breathing mask to escape heat rides on the road on May 23, 2019 in China. The electricity load in the Chinese province of Henan reached a new record on Monday, primarily driven by ...
Latest Ghana Inflation Rate the Highest in 19 Years — Economist Recommends Installation of Currency Board – Economics Bitcoin News
Ghana’s ongoing economic woes appeared to worsen in July after data from the country’s statistical agency, Ghana Statistical Service, suggested that the inflation rate is now nearly 31.7%. The nearly ...
Peter Schiff Warns US Faces a ‘Massive Financial Crisis,’ Economist Expects Much Larger Problems Than 2008 ‘When the Defaults Start’ – Economics Bitcoin News
The economist and gold bug Peter Schiff usually has a lot to say, and this past week Schiff explained during an interview that he believes the U.S. will face a financial crisis worse than 2008’s ‘Grea...
I’m the chief economist of a mortgage firm that has funded more than $100 billion in loans. These are 3 things to know about the housing market now.
Cameron Findlay As home prices and mortgage rates march upwards, and housing inventory remains seriously constrained, many buyers are wondering: Should I buy? And if I want to buy, what do I need to k...
The Fed’s rate hike means ‘mortgage rates are going to continue to rise’: Economist
Mortgage rates have been steadily rising over the past year, and with the Federal Reserve’s latest rate hike, there likely won’t be a slowdown any time soon, according to one economist. The rise in in...
US Personal Consumption Expenditures Tap Record Highs, Stanford Economist Says Fed Should Increase Rates Above 9% – Economics Bitcoin News
On July 29, the U.S. Bureau of Economic Analysis reported on America’s personal consumption expenditures (PCE) price index for the month of June, and the figure saw the largest 12-month increase since...
How the Federal Reserve fights inflation through interest rate hikes
Top officials at the Federal Reserve were seeing inflation data come in very hot for months before policymakers moved to wind down monetary policies that were stimulating the economy. A chorus of anal...
Economist Roubini: ‘Severe’ Recession, Financial Crisis Coming
The economic outlook is murky now. It’s difficult to know when inflation will peak, when it will fall in earnest and thus how far the Federal Reserve will ultimately lift interest rates. It’s also unc...
Celsius Network’s Depositors May Not Get Their Money Back, Warns Economist
Crypto lender Celsius filed for Chapter 11 bankruptcy earlier this week. The filing, however, revealed a deficit of $1.2 billion on its balance sheet, one of the reasons why FTX walked away from a pot...
Economist: 5 reasons today’s CPI data won’t see an ensuing crypto crash
The US Consumer Price Index (CPI) is expected out today, Wednesday July 13, and the market is highly watching the data release as a likely trigger of either fresh upside moves, or potential drawdowns ...