#Playing Powell-itics as inflation target in perit

#Playing Powell-itics as inflation target in perit

“Playing Powell-itics as inflation target in perit” Federal Reserve officials are not mincing words: The central bank and its chair, Jerome Powell, believe the 2% inflation target is sacrosanct and will risk a recession and bear market to get there. So why are markets rallying hard — as if Powell is about to soon cut…

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#Author Malcolm Gladwell slams working from home

#Author Malcolm Gladwell slams working from home

“Author Malcolm Gladwell slams working from home” Author Malcolm Gladwell thinks that remote work is hurting society and that a recession will likely drive employees who are “sitting in their pajamas” back into the office. The bestselling author of “Blink” and “The Tipping Point” grew emotional and shed tears as he told the “Diary of…

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#White House takes heat after Biden adviser accused of ‘redefining recession’

#White House takes heat after Biden adviser accused of ‘redefining recession’

“White House takes heat after Biden adviser accused of ‘redefining recession’” The White House was accused of “redefining” the word “recession” on Wednesday after 2008 comments from the current-White House economic adviser resurfaced — appearing to counter his remarks on the matter just this week.  On Tuesday, Brian Deese insisted that “two negative quarters of…

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#Economist Nouriel Roubini calls predictions for shallow recession ‘delusional’

#Economist Nouriel Roubini calls predictions for shallow recession ‘delusional’

“Economist Nouriel Roubini calls predictions for shallow recession ‘delusional’” Economist Nouriel Roubini, who correctly predicted the 2008 financial crisis, believes the US is heading towards a deep recession and said those claiming the downturn will be mild are “delusional.” “There are many reasons why we are going to have a severe recession and a severe…

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#Arm the Ukrainians now and other commentary

#Arm the Ukrainians now and other commentary

“Arm the Ukrainians now and other commentary” From the right: Arm the Ukrainians Now “Optimists believe that a fully equipped Ukrainian army could halt Russia’s advance and drive its army back to the pre-Feb. 24 line of demarcation,” writes William Galston at The Wall Street Journal. And though “recent Russian successes” are “tempting policy analysts…

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#How a looming economic crash abroad could smack US shores

#How a looming economic crash abroad could smack US shores

“How a looming economic crash abroad could smack US shores” In 2008, we learned how very interconnected the world economy has become. A bankruptcy at Lehman, a relatively small US investment bank, shook the world financial system. It also plunged the world economy into its worst postwar recession up ’til then. This interconnectedness is why…

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