Equally odd, Trump’s views on monetary policy did not line up with his public assessments of the economy during the last administration, either. When Barack Obama was presiding over essentially the same economic conditions, Trump derided it as “the weakest so-called recovery since the Great Depression,” with “94.3 million Americans outside the labor force.” This dismal analysis would imply that the Federal Reserve needed the lowest possible rates to sustain the recovery on its meager trajectory. … [Read more...] about Trump Fears Greatest Economy in History Is on Brink of Collapse
U s inflation rate history
NEW DELHI: India Inc will offer an average salary hike of 9.1% to employees this year, which is marginally less than last year, according to a survey. While senior executives at HR consultancy firm Aon said the dip is a sign of a maturing economy and indicative of a slowdown, the survey showed that double-digit salary hikes are not history with 39% of organisations projecting a salary increase of over 10%. “Despite economic challenges in 2019, organisations in India are taking a positive view. Pay increases in India continue to be the highest in the region. A big reason for India’s higher salary increase, as compared to other growing economies, is the high inflation rate and the war for key talent and niche skills,” said Tzeitel Fernandes, partner (rewards solutions) at Aon. Companies in India gave an average pay increase of 9.3% during 2019, reflecting a slowdown in the economy, compared to 2018. While one of the hardest hit is the automotive manufacturing industry … [Read more...] about India Inc to give average hike of 9%: Survey
In the wake of the 2008 crisis, wage growth and inflation were intractably weak. To compensate for those facts, the Federal Reserve kept interest rates near zero, thereby pushing investment into stocks. Then, over the past couple years, middle-class wages finally started to recover and economic growth was solid — but inflation was still nowhere to be seen. Thus, the Fed maintained (relatively) low interest rates, and stocks got to have their weak competition from bonds and a strong economy, too. Donald Trump proceeded to deliver giant corporate tax cuts — and equity investors went a little nuts: The S&P 500 posted a gain of nearly 6 percent last month, on top of a 19.4 percent year-end gain in 2017. Price-to-earnings ratios (the price an investor pays for $1 of a company’s profits) neared historic highs. … [Read more...] about The Stock Market Just Had Its Worst Day Since 2011
Market data have supported Ma's theory. When major indexes like the Dow and S&P 500 plunged over 3 percent on Monday and Tuesday, the two benchmark indexes in China, the Shanghai Composite Index and Shenzhen Stock Exchange Composite Index, both showed less movement during the same period. … [Read more...] about Interview: Resilient Chinese market can diversify financial risk amid epidemic, says senior economist
White House acting Chief of Staff Mick Mulvaney acknowledged as much in a private meeting in England reported by the Washington Post. “We are desperate — desperate — for more people,” Mulvaney said, according to a recording of the meeting. “We are running out of people to fuel the economic growth that we’ve had in our nation over the last four years. We need more immigrants.” … [Read more...] about Column: Trump says the economy is doing great — but whose economy is it?