Economic News

  • Thread starter Thread starter nycfan
  • Start date Start date
  • Replies: 3K
  • Views: 157K
  • Politics 
nycfan said:
Click to expand...

who is heather long? Is she a knowledgeable person? When I see that post, I think immediately that:

1. Unemployment is a lagging indicator;
2. Monetary policy has a substantial lag time to take effect.

So I think her confidence about the economy is completely misplaced.
 
superrific said:
who is heather long? Is she a knowledgeable person? When I see that post, I think immediately that:

1. Unemployment is a lagging indicator;
2. Monetary policy has a substantial lag time to take effect.

So I think her confidence about the economy is completely misplaced.
Click to expand...
She is chief economist for Navy Federal and a columnist for the Washington Post; she was at CNN previously. I find her stuff detailed and often pretty insightful. She’s a Rhodes Scholar who studied economics at Oxford. Doesn’t mean she is always right or immune to criticism.
 
nycfan said:
She is chief economist for Navy Federal and a columnist for the Washington Post; she was at CNN previously. I find her stuff detailed and often pretty insightful. She’s a Rhodes Scholar who studied economics at Oxford. Doesn’t mean she is always right or immune to criticism.
Click to expand...
Well, it's important to know if she's knowledgeable. Of course she's not always right or immune to criticism, but neither am I. If serious people say "unemployment now means no recession" then I should take that seriously and think about it. Maybe she's right and I'm wrong. To someone unserious, like Miran, I will just go with my previous wisdom.
 


🎁 —> https://www.wsj.com/world/china/the...a?st=Hmz52v&reflink=desktopwebshare_permalink

“… Chinese negotiators have suggested that China would buy more U.S. soybeans as part of talks aimed at ending a trade war that erupted earlier this year after the Trump administration slapped stiff tariffs on Chinese imports.

But Beijing has insisted that the administration first drop the 20% tariff the U.S. has imposed over China’s role in the fentanyl trade, say people familiar with the matter. Washington is reluctant to do that until Beijing takes serious measures to crack down on the trade in chemicals used to produce fentanyl. …”
 

Trump Invokes ‘Golden Share’ to Block U.S. Steel Plans for Illinois Plant​

Commerce secretary told U.S. Steel CEO the administration wouldn’t allow Granite City production to cease​


🎁 —> https://www.wsj.com/business/trump-...d?st=adJYXG&reflink=desktopwebshare_permalink

“… Two weeks ago, U.S. Steel notified workers in Granite City, Ill., that plant operations would cease in November. The company, owned by Tokyo-based Nippon Steel5401 0.00%increase; green up pointing triangle, said it would continue paying the mill’s nearly 800 employees, even without them doing regular production work.

Commerce Secretary Howard Lutnick got wind of the plan and called U.S. Steel Chief Executive Dave Burritt, a person familiar with the matter said. Lutnick told Burritt the administration wouldn’t allow operations to cease, and the president would invoke his so-called golden share authority over plant operations.

… The intervention shows the Trump administration’s growing influence in the private sector. Last month, Trump said the U.S. government would take a 10% stake in chip manufacturer Intel, which had received billions of dollars in grants via the 2022 Chips Act.

… Trump’s interest in the Granite City mill stretches to his first term, when he repeatedly cited the plant as an example of the domestic steel industry’s recovery under his administration. …”
 
You must log in or register to reply here.
Back
Top