economists

Wharton’s Jeremy Siegel says the Fed needs to hike rates only by another 100 basis points

Economists are divided on the risk of a U.S. recession. And the jobs data isn’t helping

Is the U.S. economy showing no signs of a recession or hurtling inescapably towards one? Is it in fact already in one?  More than a month after the country recorded two successive quarters of economic contraction, it still depends who you ask.  Steve Hanke, professor of applied economics at Johns Hopkins University, believes the U.S. …

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‘An increasing squeeze on list prices.’ 3 top economists and real estate pros on the housing markets where home prices will drop the most this year

‘An increasing squeeze on list prices.’ 3 top economists and real estate pros on the housing markets where home prices will drop the most this year

Some markets may be more vulnerable to home price cuts than others, pros say. Getty Images Buyers in some markets are already getting — or may soon get — some relief in the form of lower home prices, pros say. Already, in the last 4 – 8 weeks, experts have noticed downward price pressure in …

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Nobel laureate Paul Krugman has slammed bitcoin as pointless, wasteful, and in large part a Ponzi scheme. Here are the economist's 12 best quotes about crypto over the past decade.

Nobel laureate Paul Krugman has slammed bitcoin as pointless, wasteful, and in large part a Ponzi scheme. Here are the economist’s 12 best quotes about crypto over the past decade.

Paul Krugman has been a scathing critic of bitcoin and other cryptocurrencies for at least a decade. The Nobel Prize-winning economist has called them pointless, wasteful, and virtually worthless. Krugman has also dismissed crypto as mostly a tool for criminals, and in large part a Ponzi scheme. Loading Something is loading. Paul Krugman has repeatedly …

Nobel laureate Paul Krugman has slammed bitcoin as pointless, wasteful, and in large part a Ponzi scheme. Here are the economist’s 12 best quotes about crypto over the past decade. Read More »

5 recession-proof jobs with ‘consistently high’ demand, according to economists

5 recession-proof jobs with ‘consistently high’ demand, according to economists

A recession isn’t inevitable — but the economic forecast isn’t promising, either.  The IMF has declared conditions for the global economy to be “gloomy and uncertain” in its latest report, and expects the economy to grow a mere 3.2% in 2022 before slowing to a 2.9% GDP rate in 2023 — a drop of 0.4 …

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Goldman Sachs CEO sees recession risk as more likely than his own economists do

Goldman Sachs CEO sees recession risk as more likely than his own economists do

David Solomon, the chairman and CEO of Goldman Sachs. Patrick T. Fallon/AFP via Getty Images hide caption toggle caption Patrick T. Fallon/AFP via Getty Images David Solomon, the chairman and CEO of Goldman Sachs. Patrick T. Fallon/AFP via Getty Images For college grads who want to make money and live in New York City, landing …

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Should you still change jobs if you're worried about a recession? What economists say

Should you still change jobs if you’re worried about a recession? What economists say

The job market is holding strong despite ongoing concerns of a recession. There were 11.3 million job openings in May, or roughly two jobs for every unemployed worker, according to the latest Job Openings and Labor Turnover Survey. Some 6.5 million people were hired into new jobs, and 4.3 million people quit for a new …

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Hot US jobs numbers cannot last much longer, economists warn

Hot US jobs numbers cannot last much longer, economists warn

Economists warn the strongest period of job creation in recent history cannot be sustained for much longer, as the US central bank is increasingly emboldened to take drastic action to cool the economy and root out high inflation. The world’s largest economy added another 372,000 jobs in June, outpacing economists’ expectations by more than 100,000 …

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Who decides if the US is in a recession? Eight White economists you've never heard of

Who decides if the US is in a recession? Eight White economists you’ve never heard of

That’s because, in the United States, the economy isn’t broadly and officially considered to be in a recession until a relatively unknown group of eight economists says so. There is a clear lack of racial diversity amongst the eight members, and NBER has never had a member who has been a racial minority, according to …

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‘Uncomfortably high’: What economists say about the chance of recession.

‘Uncomfortably high’: What economists say about the chance of recession.

But the range of their forecasts is wide, from a relatively remote chance of a recession — commonly defined as a shrinking of the economy for two consecutive quarters — to more confident predictions that a downturn is imminent. In general, forecasters who say a recession will be avoided emphasize that they might be too …

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US set for recession next year, economists predict

US set for recession next year, economists predict

The US economy will tip into a recession next year, according to nearly 70 per cent of leading academic economists polled by the Financial Times. The latest survey, conducted in partnership with the Initiative on Global Markets at the University of Chicago’s Booth School of Business, suggests mounting headwinds for the world’s largest economy after …

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