Forecasts For The Weeks Of August 10 And 17
Monday, August 10, 2015 3:03 AM EDT
Here are my forecasts for upcoming economic data.
Professor Emeritus, Robert H. Smith School of Business, University of Maryland
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Robert H. Smith School of Business, University of Maryland
All Contributions
China’s Rigged Markets Will Ultimately Destabilize Global Capitalism
Wednesday, July 29, 2015 11:18 AM EDT
Beijing’s efforts to engineer a strong stock rally and the recent Shanghai market collapse have had quite limited effects on western markets, but going forward the fallout from Chinese market meddling will likely be less benign.
Raise The Gas Tax And Reform The Federal Highway Trust Fund
Thursday, July 23, 2015 11:49 AM EDT
Congress should bite the bullet and raise the gas tax to fund highway repairs and construction. And it should make sure highway taxes are used for the roads not to finance politicians’ pet projects and line union pockets.
In this article: UGA
Greek Bailout Can’t Succeed Without Ending German Mercantilism
Tuesday, July 21, 2015 10:33 AM EDT
Greece has committed to more austerity and arduous reforms to keep the euro, but success requires equally significant but unlikely changes from Germany.
Greece’s Parliament Should Reject Bailout And Dump The Euro
Monday, July 13, 2015 7:39 AM EDT
Prime Minister Tsipras has negotiated a third bailout for Greece with its Eurozone partners. The Greek Parliament should reject it, dump the euro and reintroduce the drachma.
In The End, Germany, Not Greece, Will Be The Loser
Tuesday, July 7, 2015 6:34 AM EDT
Germany is using its size and wealth to compel its Eurozone partners to take a hard line toward Greece but in the end, Germany has much to lose by forcing the Aegean nation to choose between more austerity and dumping the euro.
The Greeks Should Vote No!
Thursday, July 2, 2015 9:54 AM EDT
Greece’s debt to GDP ratio has soared from 130 percent to 180 percent of GDP, and that is an impossible burden to repay.
Steady Jobs Growth, Fed Likely To Raise Interest Rates
Wednesday, July 1, 2015 7:06 AM EDT
Economists expect stronger consumer spending, housing activity and business construction to boost GDP growth to nearly 3 percent by the second half of this year.
The Sooner Greece Defaults And Dumps The Euro The Better
Friday, June 26, 2015 8:59 AM EDT
Since 2010, Greece’s economy has contracted 25 percent, and its debt has soared from 130 to 180 percent of GDP. A new deal is needed by June 30 to extend the current bailout through November and permit Athens to repay the IMF €1.54 billion.
Why Greece Must Default Or Restructure Its Debt
Wednesday, June 24, 2015 7:57 AM EDT
Greece will never be able to pay all its owes and the sooner its principal creditors—the European Union, European Central Bank and International Monetary—face reality, the better for everyone.
Forecasts For The Weeks Of June 22 And 29
Monday, June 22, 2015 2:47 AM EDT
Here are my forecasts for upcoming economic data.
Globalization Curbs Fed’s Impact On Economy, Stock Prices
Monday, June 15, 2015 8:17 AM EDT
Federal Reserve policymakers meet Tuesday and Wednesday, and markets are looking for clues about when Chairwoman Yellen will raise short term interest rates.
Forecasts For The Weeks Of June 8 And 15
Monday, June 8, 2015 2:46 AM EDT
Here are my forecasts for upcoming economic data.
Strong Dollar, Skills Shortage To Slow Jobs Growth
Wednesday, June 3, 2015 6:00 AM EDT
Shaking off a severe winter and West Coast port strike, the Labor Department is expected to report the economy added 220,000 jobs in May.
Hedge Funds Forcing Corporations To Pay Shareholders Are Good For The Economy
Wednesday, May 27, 2015 8:34 AM EDT
Activist investors and institutional shareholders are increasingly forcing publicly held companies to return more cash to shareholders—that’s good for the economy.
Fed’s Tough Journey To Higher Interest Rates
Tuesday, May 26, 2015 7:22 AM EDT
The Federal Reserve is on track to raise interest rates later this year. Chairwoman Yellen has good reasons to push ahead, but she may not get very far in her quest to “normalize” rates.
