President Obama has proclaimed Hillary Clinton an effective Secretary of State. All along, it must have been the plan for Russia to seize the eastern Ukraine, Beijing to build airstrips and assert sovereignty over international shipping lanes in the South China Sea, and Iran to have nuclear weapons capabilities.
Tuesday, the Commerce Department is expected to report the March deficit on international trade in goods and services was $42 billion, up from $37.8 billion in February.
In this century, economic growth has averaged 1.9 percent per yeardown from the 3.4 percent the prior two decadesand anemic growth is a major force squeezing wages, the middle class and working poor.
Federal Reserve policymakers meet Tuesday to consider when to raise interest rates, but the strong dollar and inflation risks put them between a rock and a hard place.
Investors in securities markets are now strongly betting the Federal Reserve wont raise interest rates in June, but the million dollar question is will the Fed ever be able to raise interest rates again?
Congress should deny President Obama authority to negotiate yet another jobs killing trade pact in the Pacific.
Politicians have manipulated the income tax to salve voter angst about fairness but in the process are destroying the work ethic and corrupting public judgement about the appropriate limits of government
The nuclear deal with Iran will prove unenforceable. Ultimately, Tehran will become the dominant economic and military power in the Middle East and if it chooses, build nuclear weapons.
The Labor Department reported the economy added 126,000 jobs in March, less than half the pace of the past four months.
Friday, the Labor Department is expected to report the economy added 247,000 jobs in March down from 295,000 in February and 324,000 during the fourth quarter.
March Madness, baseball and flowers. Spring in America would be so grand without income taxes and the headaches of filing on April 15.
The Federal Reserve will likely raise interest rates later this year, and foreign central bank policies may compel it to sell off Treasury and mortgage-backed securitiesreversing Quantitative Easing.
Western valuesnational self-determination, basic human rights and free markets, supplemented by a compassionate stateare under attack by the rise of China, Russian aggression and ISIS and al Qaeda.
Peter Morici is a professor at the University of Maryland Smith School of Business, former Chief Economist a= t the U.S. International Trade Commission, and five-time winner of the MarketWatch best forecaster award.
Peter Morici is a professor at the University of Maryland Smith School of Business and former Chief Economist at the U.S. International Trade Commission.
The Federal Reserve economic policy committee meets next week to consider whether to open the door to raising interest rates in June. Falling unemployment favors higher rates but weighing in the opposite direction, inflation remains well below the Fed target of 2 percent.
The job market has improved, but only momentarily, and it wont force the Federal Reserve to raise interest rates in June.
Peter Morici is a professor at the University of Maryland Smith School of Business, former Chief Economist at the U.S. International Trade Commission, and five-time winner of the MarketWatch best forecaster award.
To listen to President Obama, the U.S. economy is firing on all cylinders. Yet it is hardly creating jobs at a breakneck pace, and too many able-bodied men have grown lazy and show no interest in working.
Most Americans never wanted the Affordable Care Act. A recent Gallup poll found 56 percent disapprove of the law, and more than 30 states either have not set up exchanges or failed to establish a fully workable website.