Ahmad Nawawi/FlickrInvestors and financial journalists scrambling to find an explanation for the recent plunge in global stock markets have plenty of suspects. Some look abroad for scapegoats: Greece or China. Others blame Janet Yellen: the Federal Reserve she chairs is at long last on the verge of raising interest rates, if only slightly. Personally, I blame the decline in share […]
A man walks past an electronic stock board of a securities firm in Tokyo, Monday, July 27, 2015. Asian stock markets were lower Monday as weak Chinese manufacturing accelerated the sell-off in oil and other commodities. Investors were also cautious ahead of the Federal Reserve’s policy meeting later this week. (AP Photo/Ken Aragaki)Beijing – […]
Presidential hopeful Mike Huckabee tells Republicans on Friday the way to get votes in 2016 is get people to focus on whether their own personal economy has recovered. (Capitol Media Services photo by Howard Fischer)Presidential hopeful Mike Huckabee told Republican party faithful Friday the key to winning the White House is getting people to ignore a booming stock market and […]
© AFP/File Petras MalukasFear rather than euphoria is driving global stock markets to new highs, said Nobel Economics laureate Robert Shiller, seen here in Lithuania in 2013.See AlsoOPEC refuses to take full responsibility for crashing oil pricesUS Republican Ted Cruz confirms 2016 presidential bidPinball paradise lives on in Budapest basementFear rather than euphoria is driving global stock markets to new […]
SummaryThe powerful rallies of 2013 and 2014 were driven by extreme Fed money printing to buy up bonds, and the Fed’s associated implied backstop for the stock markets.
But with QE3’s new buying terminated and any QE4 a political impossibility with the new Republican Congress, 2015 is going to look vastly different without QE.
With the Fed’s balance sheet and zeroed interest […]
ShutterstockThis is a column about “Big Data” and a new way to predict the results of presidential elections for the next 20 years.We begin with the rise of Nate Silver, the former baseball statistician retained by The New York Times, and his blog, “FiveThirtyEight,” which accurately predicted the results of the 2008 vote in 49 of the 50 states. He […]
By Rachel Goldfarb, originally published on Next New DealClick here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest.Stiglitz: I’m ‘very uncomfortable’ with current stock levels (CNBC)Roosevelt Institute Chief Economist Joseph Stiglitz emphasizes the difference between a strong stock market and overall economic strength, reports Antonia Matthews.Roosevelt Take: William Lazonick looks at the link between the […]
A three-month White House review of how business and government mine massive data sets sees big public and economic benefits from the practice — along with new dangers — but sketches out a murky path towards enforcing privacy protections in the booming tech sector.The White House closed its so-called “big data” review Thursday, including in its findings a set of […]
News generally consists of newly received or noteworthy information, especially about recent or important events, that can serve to inform a population about events that may affect their lives. One news story is hardly sufficient to reveal the true nature or features of either a person or an organization, but when news is reported over time from different sources and […]
REUTERS/Kevin LamarqueHillary ClintonPotomac Research Group’s Greg Valliere says having Hillary Clinton as president could be great for stocks.
The odds of another Clinton presidency, assuming the former senator and first lady runs, are strong, he says, because the Republican field remains weak. Plus, the GOP continues to struggle among key demographics, including Hispanics and young people.He writes:WHAT WOULD THIS MEAN FOR […]