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Michael R. Strain: The US economy doesn’t need disaster relief | Columnists

Michael R. Strain Bloomberg Opinion Politicians in both parties seem to believe that the U.S. faces looming catastrophes that require a radical rethinking of economic policy. They’re wrong. The nation certainly has serious challenges, but the foundations of the economy are healthy. Radicalism is not required. The populist right and progressive left seem to agree […]

Biden’s new China doctrine | The Economist

Jul 17th 2021 OPTIMISTS LONG hoped that welcoming China into the global economy would make it a “responsible stakeholder”, and bring about political reform. As president, Donald Trump blasted that as weak. Now Joe Biden is converting Trumpian bombast into a doctrine that pits America against China, a struggle between rival political systems which, he […]

Opinion: What happened the last time the economy emerged from a pandemic?

Retirees should continue betting that inflation’s recent spike will be transitory. I concede that this is getting harder to do, however. I first made this argument two months ago in response to the report that April’s Consumer Price Index’s 12-month rate of change was the highest in 13 years. Since then the CPI has risen […]

Consumer sentiment: another look into economic recovery

The latest survey on consumer sentiment from the University of Michigan comes out today, following news of high inflation earlier this week. Inflation was one of consumers’ top concerns in last month’s survey. Still, consumer outlooks rose in June and are expected to have risen again in July. Higher income people surveyed last month were […]

Rupee inches 3 paise higher to 74.51 against U.S. dollar in early trade

The Indian rupee opened on a flat note and inched higher by 3 paise to 74.51 against the U.S. dollar in early trade on Friday, as investors await fresh triggers. At the interbank foreign exchange, the domestic unit opened at 74.53 against the dollar, then inched higher to 74.51, registering a gain of just 3 […]

Federal Reserve has done a ‘good job’ under Powell

Federal Reserve Chair Janet Yellen (L) congratulates Fed Governor Jerome Powell at his swearing-in ceremony for a new term on the Fed’s board, in Washington in this handout photo taken and released June 16, 2014. US Federal Reserve | Reuters Treasury Secretary Janet Yellen on Thursday offered high marks for the Federal Reserve and how […]

What the IMF’s plan to disburse $650bn in special drawing rights means for poor countries

Jul 17th 2021 WASHINGTON, DC THE IMF has not exactly stood on the sidelines during the covid-19 pandemic. Since the onset of the crisis, it has extended loans worth about $130bn to 85 countries and provided debt-service relief to some poor economies. Yet given the severity of the pandemic and the IMF’s ample balance-sheet—its lending […]

Analysis: When Erdogan’s Turkish economic miracle began failing

Election test set for 2023, Turkish Republic’s centenary The year 2013 marked turnaround after a decade of gains Measures of equality, prosperity, employment headed down President’s voter base underpinned by health and other gains ISTANBUL, July 15 (Reuters) – Five years after President Tayyip Erdogan saw off a coup, his chances of extending his rule […]

China’s economic recovery is flashing some warning signs

China is releasing its latest quarterly economic growth figures on Thursday, offering clues about how the world’s second largest economy is continuing to recover from the coronavirus pandemic. In the first quarter of 2021, China posted record GDP growth of 18.3% compared to a year prior — although that was largely because the country experienced […]

Gold Price Prediction – Prices Rose as the Dollar Slid and U.S. Yields Dropped

Gold prices moved higher on Wednesday following a sharper than expected U.S. PPI report. This large rise in wholesale prices was offset by comments from Jerome Powell, who said that the economy needs to improve more before the central bank changes its accommodative policy. U.S. yields tumbled following the Fed Chairs’ comments. These move-in yields […]