Clinton Administration economist Nouriel Roubini mocked Trump’s stimulus bill Monday. He said it socializes corporate losses. While taking a jab at the “socialist” $2 trillion price tag, Roubini says the fiscal stimulus will bail out big corporations, not the people. Congress is deeply divided over the stimulus bill. While members locked horns on Capitol Hill,…
Larry Kudlow is the top economist in Trump’s White House. He says don’t mind crashing bond yields, or this week’s fearful stock market. Kudlow says these are just “mood swings” while the economy’s fundamentals remain strong. But he’s cherry-picking fundamentals. Other analysts point to the fundamentals Kudlow is ignoring. The ones that indicate a recession…
Former IMF economist predicts a recession to happen in 2020. 2019 stock market rally has been driven by relaxed financial conditions and big liquidity rejections. But, repo market often sees volatility at year’s end and negative sentiment could carry over to 2020. Mark Dow, a former International Monetary Fund (IMF) economist, says 2020 will be…
