Economist
Consumer spending is being financed by credit cards where interest is “over the top, out of control, off the hook right now, economist Carl Weinberg told CNBC. Weinberg sees a retrenchment in spending in the new year, as debt burdens rise — though probably not enough to push the U.S. economy into a recession. Monica […]
A U.S. default could send mortgage rates spiking again. Getty Images Speaking in front of Congress earlier this month, Moody’s Analytics chief economist Mark Zandi told sena
WASHINGTON — Cecilia Rouse, the chair of the White House Council of Economic Advisers, stepped down on Friday to return to teaching at Princeton University. As a going-away present fit for an economist, her staff presented her with a chart showing every previous chair of the council, ranked by the number of jobs created during […]
An Iranian economist says the role of US sanctions in causing economic chaos in Iran has been significant, as the national currency continued its free fall on Sunday. Iranian government officials, experts and the regime’s opponents have long argued that economic sanctions imposed by the Trump administration since 2018 inflicted a serious blow to Iran’s […]
Naira has recorded its first loss in 2023, as the foreign exchange market resumes full activities The Nigerian currency drop in value was recorded across official and black market foreign exchange markets Naira experienced significant losses in 2022, and experts have shared their predictions for 2023 Legit.ng is celebrating business personalities of 2022. See top […]
Despite winter storms, holiday travel is in full swing. Hayley Berg, the lead economist for Hopper, explains why the Tuesday after Thanksgiving is the best for travel deals. If you are starting to think about 2023 travel, mark your calendar for Travel Deal Tuesday to snag some great deals. The Tuesday after Thanksgiving typically sees […]
Russia’s war in Ukraine has caused the prices of fertilizer and food to skyrocket and supply chain issues to mushroom. According to the International Monetary Fund, the global community now faces the worst food crisis since the 2008 Great Recession, and the lives and livelihoods of 345 million people are in danger. While the entire […]
(The Hill) – Mohamed El-Erian, Allianz’s chief economic adviser, said on Sunday that the U.S. is heading toward a recession that was “totally avoidable” amid ongoing concerns about inflation and economic stability. “I fear that we risk a very high probability of a damaging recession that was totally avoidable,” El-Erian
(The Hill) – Mohamed El-Erian, Allianz’s chief economic adviser, said on Sunday that the U.S. is heading toward a recession that was “totally avoidable” amid ongoing concerns about inflation and economic stability. “I fear that we risk a very high probability of a damaging recession that was totally avoidable,” El-Erian
What causes inflation? There are three factors that could lead to inflation which include demand-pull inflation, cost-push inflation and built-in inflation. U.S. home prices are finally falling from a record high notched earlier this year, and could tumble by as much as 20% by mid-2023, according to a top economist. Ian Shepherdson, the chief economist […]