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Powell cannot change monetary policy on his own even if he wanted to: a majority of the FOMC gotta vote for it and the FOMC will not cut rates as inflation will start going higher as tariffs kick in. Even if Trump were to fire Powell he would not be able bend the FOMC . Trump is…
Follow live the video streaming of my speech on the global economy that is starting in a few minutes in Turkey. At 2.10pm local time or 7.10am ET. Click on link below
Here is the link to my podcast interview on Bloomberg’s Trumponomics. “On this week’s episode of Trumponomics, we speak with economist Nouriel Roubini about the all-out trade war US President Donald Trump has kicked off with China, and why it’s a conflict Chinese leader Xi…
Five Signs That the US and China Will Go to War
Nouriel Roubini is Professor Emeritus (2021-present), Professor of Economics (1995-2021), Stern School of Business, New York University. He is also CEO of Roubini Macro Associates, LLC, a global macroeconomic consultancy firm in New York, as well as Co-Founder of Rosa & Roubini Associates based out of London. At a 2006 address to the International Monetary Fund, Roubini warned of the impending recession due to the credit and housing market bubble. His predictions of these upside-down balance sheets became a reality in 2008, with the bubble bursting and reverberating around the world into a global financial crisis – a recession we’re only recently rebounding from after a decade climb. READ MORE
The Impact of the “Liberation” Day Tariffs on the US and Global Economy and Markets. Rising Short Run Risk of a Recession but Over the Medium Term “Tech Trumps Tariffs”
The announced April 2nd tariffs were much worse than most analysts and markets expected; thus, on Thursday April 3rd US equity markets were way down (with losses btw 4% and 6% on main indices and Friday markets showing further losses as China has started to retaliate)...
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