Prepare for a recession this summer, a bear market in real estate and a drop in stock prices, warns strategist David Rosenberg
Inflation has turned out to be not-so-transitory, and the Federal Reserve has its knives out. Well, its hammer, anyway. Raising interest rates — the U.S....
Is the Dollar in Danger?
The U.S. is sitting on top of a horizontal empire, capitalism’s self-organizing, incentive-based structure with its layers of value. It’s not the Marxist mush of...
The Fed Needs to Put Its Eye on the Money Supply
As recently as September 2021, half of the Federal Open Market Committee expected no change in the federal-funds rate throughout 2022, and not a single...
Economic Blacklist of Russia Marks New Blow for Globalization
WASHINGTON—The U.S.-led effort to expel Russia from international commerce marks another fracture in the free-trade vision that guided American policy for nearly 30 years, signaling...
Higher Vehicle, Energy Imports Push January U.S. Trade Deficit to New Record
The U.S. trade deficit hit a fresh record in January ahead of the Russia-Ukraine crisis, as imports of vehicles and energy supplies increased while exports...
Russia Set to Ban Commodity Exports Following Western Sanctions
Russian President Vladimir Putin, pictured Tuesday, gave his cabinet two days to create a list of commodities and of countries subject to a new export...
Explosions heard in Kyiv as Russian troops close in on Ukrainian capital
KYIV, Ukraine — Russia pressed its invasion of Ukraine to the outskirts of the capital Friday after unleashing airstrikes on cities and military bases and...
Debt and Inflation Threaten U.S. Security
The national debt this month reached $30 trillion. Not only is this the largest debt in U.S. history in dollar terms, but the ratio of...
Turkish president Erdoğan fires government statistics chief as inflation rate skyrockets
ISTANBUL (AP) — Turkey’s president has fired the head of the Turkish Statistical Institute, which is responsible for posting official inflation statistics, among other data,...
Stemming a Sovereign-Debt Crisis – WSJ
Rising interest rates and slowing global economic growth likely will spur many low-income countries to try to restructure their sovereign debt. This is troubling because...