Chief Economist

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Business Live: Supermarket shares hit – BBC News

Related Video and AudioAudio 45 minutes Audio 45 minutes 45:00Got a TV Licence?You need one to watch live TV on any channel or device, and BBC programmes on iPlayer. It’s the law.Find out moreSummaryGet in touch: [email protected] ReportingBy Howard MustoeAll times stated are UKPosted at 12:2812:28Czech payout from VW scandalGetty ImagesCopyright: Getty ImagesA court says…


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Trump’s Mexico Deal Supercharges Spectacular Dow Recovery

The Dow just had its best week of the year. | Source: Win McNamee/Getty Images/AFPBy CCN: On Friday, the Dow Jones surged by 1.02 percent, nearing 26,000 points after gaining more than 1,000 points within five days, demonstrating the current momentum of the U.S. stock market.The Dow Jones has climbed by more than 1,000 points…



Wall Street is fixated on the yield curve — but one market bear warns a more ominous threat is set to tip the economy into the ‘ice age’

Wall Street is fixated on the yield curve — but one market bear warns a more ominous threat is set to tip the economy into the ‘ice age’

Not everyone is convinced that an inverted yield curve is the final shoe to drop before the next recession. The 10-year Treasury yield recently fell below the three-month yield, indicating that bond traders found good reason to be worried about growth and expected short-term interest rates to fall. Similar inversions have preceded every US recession…


A Buyer’s Market? Hopes Rise With Falling Rates, More Homes for Sale

A Buyer’s Market? Hopes Rise With Falling Rates, More Homes for Sale

The spring home-buying season is shaping up as the best in years, offering new opportunities after last year’s tough housing market drove away many would-be buyers.These more favorable conditions are already bringing price cuts and fewer of the bidding wars that left many buyers empty-handed, recent data show. The housing market had become so skewed…





Fed chairman Jerome Powell shoots down Ocasio-Cortez’s big deficit idea

Fed chairman Jerome Powell shoots down Ocasio-Cortez’s big deficit idea

Ms Ocasio-Cortez, who this month launched a “Green New Deal” grab-bag of promises backed by prominent Senate Democrat presidency contenders, supports a new theory dubbed by some as Modern Monetary Theory. MMT asserts Congress need only raise taxes to pay for its deficit spending when inflation quickens.Even more conventional mainstream economists are increasingly promoting the…


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American agriculture companies are sounding the alarm on Trump’s trade war

Johan Viirok/FlickrThe agriculture sector is struggling in wake of a trade war between the two largest economies.Tariffs have sent agricultural prices lower and halted shipments from the US.American agriculture exports are expected to drop by $1.9 billion this year, according to new estimates from the USDA chief economist. Seven months into a trade war between…