RGE’s Harris on The Fed, U.S. Economics, & Helicopter Money [AUDIO]

RGE’s Harris on The Fed, U.S. Economics, & Helicopter Money [AUDIO]

  Roubini Global Economics’s Kevin Harris, Director of RGE’s North America team, spoke yesterday to Bloomberg Radio anchors Tom Keene and Michael McKee about the U.S. economy, helicopter money, and the Fed. http://assets.bwbx.io/av/users/iqjWHBFdfxIU/vo1BpjbxlL3Q/v2.mp3 The interview with Kevin begins here at the 4:20 mark. Be sure to stay tuned until the last 30 seconds when Kevin […]

Open Structure to Influence Ohio Primary Outcome?

The political chatter class is abuzz about today’s two Republican winner take all primaries — Florida and Ohio — that will pit Republican front runner Donald Trump against those two states’ hometown candidates, Marco Rubio and John Kasich, respectively. Florida’s primary is closed, meaning only registered Republicans are allowed to cast a ballot for a […]

Brexit Risk for an Unbalanced & Overweight Financial Industry?

Brexit Risk for an Unbalanced & Overweight Financial Industry?

photo: Leon Yaakov Yesterday, in the wake of BoE Governor Mark Carney’s warning of a potential Brexit threat to British financial stability, we followed up on our analysis of BlackRock’s Brexit research report. The central premise of yesterday’s post was that the financial industry in Britain is enormous — in terms of its size relative to GDP and also […]

Brexit: Financial Risks for the UK

[Photo Credit: Becky McCray] The head of the Bank of England, the British equivalent of the US Federal Reserve, told parliament today that a potential Brexit was the “biggest domestic risk to financial stability” for the UK. BoE Governor Mark Carney elaborated on the risk by saying that he was unable to “provide a blanket assurance that there would […]

Trump v. Cruz — An Open & Closed Case?

Trump v. Cruz — An Open & Closed Case?

[Map source: MotherJones.com] Take a look at the map above of the race for the Republican presidential nomination. If you glance quickly, you might wonder: What is it about the culture of the Southeast that attracts voters to Donald Trump — while Midwestern voters are more attracted to Ted Cruz? In this case, however, regional cultural differences may not be the […]

Conflicting Numbers in Today’s Jobs Report

Conflicting Numbers in Today’s Jobs Report

Nonfarm payrolls surged today — up 242,000 in February — while the unemployment rate remained unchanged at 4.9 percent. The total number of nonfarm jobs reached its highest level ever — about 144 million jobs in total. Additionally, as job creation increased, the civilian labor force participation rate expanded 0.4%.  December and January NFP numbers were revised upward to reflect […]

Sanders, Socialism, and Garry Kasparov

Sanders, Socialism, and Garry Kasparov

photo: DonkeyHotey Bernie Sanders posts often go viral on Facebook — though not always in the way the Vermont senator might hope. Earlier this week, Russian chess legend and political activist Garry Kasparov posted the following analysis of Bernie Sanders’s campaign and political platform on his Facebook account: I’m enjoying the irony of American Sanders supporters lecturing me, a former Soviet citizen, […]

BlackRock Report Unpacks ‘Brexit’

BlackRock Report Unpacks ‘Brexit’

(Boris Johnson, the Conservative mayor of London and freshly minted Brexit partisan, contemplates the liminal space between ‘inside’ & ‘outside’.) [Photo credit: David Holt]   Americans who follow business and financial news know that a Brexit, the potential exit of Britain from the European Union, could have a major impact on the global economy. But the detailed mechanics of […]

Eurozone in Deflation — Again

Eurozone in Deflation — Again

Photo courtesy of Metropolico.org. The Eurozone fell into deflation again today, according to early data from Eurostat, the official statistical agency of the European Union. All consumer prices in the eurozone fell 0.2% on an annual basis. Last month, the reading was positive, if very near to zero, at 0.3%. The key downward driver of all prices […]