Newsfeeds Archive - Spark Newswire

2 minute read

Larry Summers Warns Donald Trump’s Fiscal Policy Could Inflict More Damage Than One That Precipitated Great Depression: ‘Prescription For The Mother Of All Stagflations’

June 16, 1:33 PM

Larry Summers says Trump's unrealistic fiscal policy proposal, reported in the media last week, poses a significant threat to the economy.

TIP

3 minute read

Trump’s Tax Agenda Could Lead To 133% Tariffs And Inflation Spike, Says Paul Krugman: ‘Just Ignorant’

By Shanthi Rexaline

June 14, 2:32 AM

After CNBC reported that presumptive Republican presidential candidate Donald Trump is considering replacing income taxes in the U.S. with additional import tariffs to offset the revenue shortfall, Nobel laureate and economist Paul Krugman shared his views on the matter through a series of posts on X, formerly known as Twitter, on Thursday.

TIP

2 minute read

Biden To Sign Executive Order To Limit Asylum Seekers Crossing US-Mexico Border: Report

By Anthony Noto

June 3, 3:13 PM

A Biden executive order comes after GOP Senators killed a bipartisan immigration bill earlier this year at the behest of Trump.

IGF

3 minute read

Ex-Treasury Secretary Larry Summers Warns Trump’s Re-Election May Push Mortgage Rates Beyond 10%: ‘Never Been A Presidential Platform So Self-Evidently Inflationary’

By Shanthi Rexaline

June 3, 5:48 AM

Summers was among the economists who warned the Biden administration of the risk of rising inflation when it approved a massive COVID-19 relief package in 2021.

TIP

2 minute read

Paul Krugman Schools Americans ‘Righteously Angry’ About Soaring Costs: Biden’s Price Levels Mirror Reagan’s Inflation Triumph

By Shanthi Rexaline

May 28, 2:49 AM

The economic policy of Reagan, popularly called Reaganomics, has been deemed a success by most economists.

TIP

2 minute read

Undocumented Immigration Good For Economy? Black Swan Author Nassim Taleb Warns Any Sudden Curb Would Lead To ‘Explosive Inflation’

By Shanthi Rexaline

May 26, 1:36 PM

Inflation has persisted as a significant issue, now emerging as a key factor in the upcoming election.

SPY

3 minute read

Most Americans Think Economy Is In Recession Under Biden Despite Hard Data Telling Different Story: ‘We’re Not Feeling It Where I Live’

By Shanthi Rexaline

May 23, 1:19 AM

Incidentally, after emerging from a COVID-19-induced recession in the third quarter of 2020, the U.S. economy has shown positive growth for much of Biden's tenure.

SPY

2 minute read

Gold Bull Peter Schiff Says Inflation Headed ‘Far Higher’ As Powell ‘Refuses To Acknowledge’ Policy Mistake During COVID-19

By Shanthi Rexaline

May 15, 7:50 AM

Schiff is in the camp of economists who see no respite in pricing pressure, blaming the Federal Reserve for the current predicament.

TIP

2 minute read

Don’t Panic Yet! Ahead Of Key April Inflation Data, Economist Points To Charts That Hint At ‘Some Good News’ — ‘Fed Beige Book Nailed This’

By Shanthi Rexaline

May 15, 5:03 AM

The Federal Reserve's focus on bringing inflation down to its 2% target has made investors closely watch economic data releases. This week's Consumer Price Index report could provide clues about the future path of interest rates.

TIP