Jerome Powell

Podcast

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Doug Duncan: Even US Government Economists Predict Trouble Ahead

Fannie Mae forecasts an economic slowdown by 2019
Monday, April 16, 2018, 11:53 AM

Doug Duncan is not your average beltway economist.

The chief economist for Fannie Mae is surprisingly outspoken about the troublesome outlook for the US economy. He's worried about the rising cost of debt service as outstanding credit continues to mount at the same time interest rates are starting to ratchet higher, too. » Read more

Insider

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Trade Wars!

These could de-stabilize global markets very quickly
Wednesday, March 7, 2018, 7:43 PM

President Trump wants American jobs and factories to return. He cites some pretty grueling and relatively accurate statistics in support of his position. And it's looking like we can safely bet that Trump is planning to increase tariffs on many more products than steel and aluminum. 

He has also tweeted previously that a trade war would be “good” and “easy to win.” 

But whether tariffs or a trade war could reverse those statistics, or possibly make them even worse, is another matter entirely. » Read more

Podcast

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Danielle DiMartino Booth: Don't Count On The Powell Fed To Rescue The Markets

The new Fed Chair may break from his predecessors
Sunday, February 11, 2018, 4:29 PM

The recent gut-wrenching drop in asset prices began on the first day of the job for new Federal Reserve Chairman Jerome Powell.

How is Mr. Powell likely to react to a suddenly sick-looking market? Will he step in forcefully to reassure investors that there's a "Powell put" in place as a backstop?

To address these questions, former analyst at the Federal Reserve Bank of Dallas, Danielle DiMartino Booth, returns to the podcast this week. In her opinion, having studied Powell's previous statements, she thinks those expecting him to continue the market support his predecessors provided will likely be quite disappointed.

Powell appears to be no large fan of continued quantitative easing, and has long been on the record as concerned about the eventual pain its unwind will cause. He very well may resist riding to the market's rescue at this time, allowing natural market forces to finally have their way: » Read more

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What The Crypto Crash & Stock Market Plunge Have In Common

Only one thing matters in bubble markets: sentiment
Monday, February 5, 2018, 5:57 PM

Did the stock market bubble just pop, just as the cryptocurrency one has? » Read more