Stephen Roach, a Yale University senior fellow and former Morgan Stanley Asia chairman, tells MarketWatch that his forecast for a sharp deterioration of the U.S. dollar could be a very near-term phenomenon, not an event that looms off in the distance. “I do think it’s something that happens sooner rather than later,” the economist told […] Read more

The stronger dollar era may be on borrowed time. Stephen Roach, one of the world’s leading authorities on Asia, is worried a changing global landscape paired with a massive U.S. budget deficit will spark a dollar crash. “The U.S. economy has been afflicted with some significant macro imbalances for a long time, namely a very […] Read more

The European Central Bank has just added to the boatloads of pandemic stimulus out there, credited for shielding stocks and investors from bad news. But stock futures are under pressure, which could threaten yet another winning session for the S&P 500 SPX, -0.15%. The index is up 40% from its March 23 lows, and some are nervous. […] Read more

The COVID-19 pandemic has fanned public concerns that the coronavirus could be transmitted by handling cash, according to a recent report by the Switzerland-based Bank of International Settlements, prompting merchants and members of Congress to contemplate more sanitary, hands-off digital payment systems. Although the BIS report says the scientific evidence suggests the probability of coronavirus […] Read more

Social-distancing measures and business closures have significantly disrupted consumer spending habits. While this has created a period of uncertainty for many, ecommerce has instead been trending in a positive direction. The buying habits that have been changing are unlikely to suddenly shift back to what they once were, even after things “get back to normal.” Because […] Read more

Appearing remotely on Sunday’s Face the Nation, St Louis Federal Reserve Bank Chairman James Bullard indicated that the Fed has no idea, really, just how bad the Coronavirus Contraction is going to get. Asked by Margaret Brennan about his team’s prediction that “47 million Americans could lose their jobs,” bringing the unemployment rate up to 32%, […] Read more

Appearing remotely on Sunday’s Face the Nation, St Louis Federal Reserve Bank Chairman James Bullard indicated that the Fed has no idea, really, just how bad the Coronavirus Contraction is going to get. Asked by Margaret Brennan about his team’s prediction that “47 million Americans could lose their jobs,” bringing the unemployment rate up to 32%, […] Read more

Of course the health and wellness of all Americans is the priority in most peoples minds right now, however, the economic impacts of COVID-19 cannot be ignored. Just how soon can we expect the economy to rebound once the worst of the COVID-19 outbreak is over? Some economists are saying it could be quicker than […] Read more

The Dow Jones Industrial Average dropped over 2,000 points on Monday. It was the worst one-day point decline ever for the Dow, prompted mostly by fears over the spreading coronavirus, and a concurrent large drop in oil prices. Shortly after opening, the New York Stock Exchange paused trading after the markets dropped more than 7%. […] Read more

President Trump has revealed some details of his comprehensive plan to deal with the potential negative economic impacts of the spread of the coronavirus. Earlier this week, the President spoke about his administration’s economic plan to help airline and cruise ship industries, he also said that his plan will include a payroll tax cut and […] Read more