economist

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Pelosi Says Another Stimulus Is Possible

(Newser) - These days, $787 billion just doesn't go as far as it used to. A meeting of House Democratic leaders and their economic advisers today has raised the prospect of a second stimulus package, the Hill reports. “We have to keep the door open,” Nancy Pelosi said after the...

We May Need a Bigger Stimulus, Say Analysts
We May Need a Bigger Stimulus, Say Analysts
OPINION
Mar 7, 2009 12:35 PM CST

We May Need a Bigger Stimulus, Say Analysts

(Newser) - The lousy unemployment numbers released this week—and they're bound to get worse before they get better—cast the effectiveness of the Obama administration’s fiscal plans into doubt, analysts say. The stimulus package intended to “save or create” 3.5 million jobs now has to keep up with...

No, It's a Terrific Time to Panic
 No, It's a Terrific Time to Panic 
OPINION
Mar 6, 2009 12:22 PM CST

No, It's a Terrific Time to Panic

Market prognosticators don't know what they're talking about

(Newser) - When the Dow plunged 300 points Monday, one money manager called it “the best buying opportunity we’ve seen in years.” Joe Queenan isn’t so sure. “The best buying opportunity in years is now 14 months old,” he writes in the Los Angeles Times. As...

Woes Won't Sour Obama Numbers ... Yet

(Newser) - If Barack Obama is lucky, and the predictions of most economists indicate he will be, the US economy will emerge from recession long before the populace expects it to, Nate Silver writes on FiveThirtyEight. And “it will be quite some time yet before the public pins most of the...

Russia's Money Troubles Divide Putin, Medvedev

Men tied to opposing economic factions

(Newser) - The financial crisis in Russia is driving a wedge between Vladimir Putin and his protegé, the president he handed off his office to, the Guardian reports. Dmitry Medvedev has sided with liberal economists in the crisis, while Putin is torn between his personal ties to the economists and his long...

Doctor Doom Says It's Time to Nationalize
Doctor Doom Says It's Time
to Nationalize
interview
Feb 21, 2009 9:25 AM CST

Doctor Doom Says It's Time to Nationalize

Temporary takeover isn't 'Bolshevik'—it's the only option

(Newser) - Nouriel Roubini thinks it will soon be time to nationalize the banks, and these days people listen to Nouriel Roubini. For years the NYU economist has been predicting financial catastrophe, earning the nickname “Doctor Doom,” so he’s now looking pretty prescient. “No one’s in favor...

The Economic Crisis Taints Us All: Galbraith

Economist calls the meltdown a 'blot' on the profession

(Newser) - The economic bust has taken a hammer to the profession of economics, Reagan's monetary policy, and the careers of President Bush, Alan Greenspan, and Henry Paulson, James Galbraith tells the New York Times. In an interview with Deborah Solomon, the economist chides his colleagues for failing to call the meltdown,...

Our Economic Cure? Innovation
 Our Economic Cure? Innovation 
OPINION
Sep 14, 2008 1:37 PM CDT

Our Economic Cure? Innovation

Innovation, and making it more efficient, can turn gray skies blue

(Newser) - Democrats and Republicans do have something in common: Both parties are wrong on how to resuscitate the flat-lining US economy, Michael Mandel argues in BusinessWeek. Tax cuts or increased government spending aren’t the cure. “Innovation is the best—and maybe the only—way the US can get out...

Economists 'Endorsing' Mac Plan Didn't See Fine Print

Of 300 signed on to support jobs plan, many tepid, or worse, on his overall agenda

(Newser) - On Monday, John McCain's campaign released a pledge of support for the candidate’s “Jobs for America” plan signed by 300 economists. But, Politico found in interviews with a sample of the signatories, many didn’t actually support many of the policy prescriptions in the Republican's plan—and one...

Labor Blasts Obama's Top Economist
Labor Blasts Obama's Top Economist
Jun 12, 2008 7:37 AM CDT

Labor Blasts Obama's Top Economist

Unions worry that candidate is tilting toward Wall Street

(Newser) - After locking up the Democratic nomination, Barack Obama moved quickly to bring Clinton supporters into his general election tent, including Robert Rubin, President Clinton's treasury secretary. Jason Furman, an economist closely associated with Rubin, was hired as economic policy director, and that's provoked the ire of labor unions, who see...

Speculation Not Driving Boom in Commodities

Surveyed economists name supply, demand as bigger factors

(Newser) - A majority of economists think the upswing in food and energy prices is due to fundamental issues of supply and demand—and not driven by speculation, a Wall Street Journal survey finds; 51% pegged demand from China and India as the chief cause of the oil boom.

Economists Lean Closer to the R-Word

Almost half on US panel predict recession, up from 25% last year

(Newser) - An panel of US economists leaned closer to predicting recession today after grappling with a slew of scary data, the AP reports. More than half of analysts at the National Association for Business Economics maintained that a downturn is still unlikely, but 45% expected recession in 2008; only a quarter...

Pending Home Sales Rise Slightly
Pending Home Sales Rise Slightly
Dec 10, 2007 11:11 AM CST

Pending Home Sales Rise Slightly

New numbers make quarter-point cut more likely, traders say

(Newser) - US home sales jumped in October and will rise slightly overall next year, beating forecasts, the Wall Street Journal reports. The National Association of Realtors' index for pending sales of existing homes spiked 0.6% in October over September, which was up 1.4% over August—but those increases are...

Home Resales Slump in June as Mortgage Rates Spike

Inventories are down; prices jump

(Newser) - Sales of existing homes dropped in June to a 5-year low because of rising mortgage rates and stricter lending standards. Home resales dipped 3.8% from a 5.98 million annual rate in May to a 5.75 million rate now. "The housing recession looks far from over,"...

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