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Former Treasury Secretary Larry Summers Warns The Dollar Is Starting To Trade Like A Latin American Currency — Greenback Going From Safe Haven To Risk Asset?
Monday, June 2, 2025 - 1:48am | 625Former U.S. Treasury Secretary Lawrence Summers warns that the U.S. Dollar may no longer be the sanctuary that investors from across the globe once counted on. What Happened: While speaking on The Call, a podcast by the U.S. Chamber of Commerce last week, Summers pointed to the recent shift in...
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Paul Krugman Warns Of 'Emerging-Market-Type' Crisis In US: Housing Crash, Dollar Plunge, And Stagflation Ahead?
Friday, May 23, 2025 - 6:50am | 609Economist and Nobel laureate Paul Krugman is sounding the alarm yet again for the U.S. economy, likening its current vulnerabilities to those typically seen in emerging markets. What Happened: In his Substack newsletter on Thursday, Krugman published an article titled “Gaming Out A Sudden...
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Cuban Vs Ackman, Dalio's Advice To China, Krugman's Warning, And More: This Week In Economics
Sunday, October 20, 2024 - 6:00am | 580This week was a whirlwind of financial news, with billionaires clashing over political policies, renowned investors offering advice to world leaders, and economists warning against potential economic pitfalls. Let’s dive into the top stories that made headlines. Mark Cuban And Bill Ackman...
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Paul Krugman Warns Trump's Tariff Plan Could Rewind Economic Progress 90 Years and Ignite Global Conflict: 'He Sees Everything In Terms Of Winners, Losers And Punishment'
Friday, October 18, 2024 - 12:37am | 718In a recent interview, former President Donald Trump advocated for a significant increase in import tariffs, a move that was slammed by Nobel winning economist Paul Krugman in a recent opinion piece. What Happened: Trump, known for imposing substantial tariffs during his presidency, is now...
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IMF's Gita Gopinath, Paul Krugman And Other Economists Hail Nobel Prize Win For Acemoglu, Johnson, And Robinson: 'Made Cool Again The Study Of Institutions'
Monday, October 14, 2024 - 10:42pm | 948Leading economists and policymakers have lauded the decision to award the Nobel Prize in Economic Sciences to Daron Acemoglu, Simon Johnson, and James Robinson for their groundbreaking research on global wealth inequality and institutional impacts on economic development. What Happened: Gita...
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Nobel Laureate Paul Krugman Slams Trump, Says Campaign 'Rests Entirely On Denouncing' Imaginary Things: Praises Biden-Harris Administration's Handling Of Inflation
Tuesday, October 1, 2024 - 2:36am | 773Nobel laureate Paul Krugman has taken a potshot at former President Donald Trump‘s campaign for focusing on what he describes as “imaginary” problems. What Happened: In a post on X, formerly Twitter, Krugman accused the Trump campaign of denouncing a non-existent bad economy,...
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Ahead Of FOMC Meeting Paul Krugman Says Fed Rates Will Be Elevated Even With 50 Bps Cut: 'Argument For Incrementalism Is Very Weak'
Tuesday, September 17, 2024 - 2:35am | 685The Federal Reserve’s rate-setting committee -the Federal Open Market Committee, kickstarts a two-day meeting on Tuesday and the futures market currently bakes in a 67% probability of a 50-basis-point rate cut. Ahead of the all-important meeting, Nobel laureate Paul Krugman said on Monday the...
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Federal Reserve's Potential Rate Cut Pause, JPMorgan's Stock Market Warning, And More: This Week In Economics
Sunday, September 8, 2024 - 6:01am | 549The past week has been a rollercoaster ride with significant developments in the financial and political landscape. From the Federal Reserve’s potential pause on rate cuts to JPMorgan’s cautionary note on the stock market, the week was filled with intriguing stories. Let’s dive...
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Elon Musk And Trump's Federal Efficiency Plans Slammed By Paul Krugman, Economist Warns About Risks To Medicare, Social Security: 'Government Is An Insurance Company With An Army'
Thursday, September 5, 2024 - 9:46pm | 707Nobel laureate Paul Krugman has expressed concerns over Republican presidential candidate Donald Trump and Tesla Inc (NASDAQ:TSLA) CEO Elon Musk‘s proposed federal spending cuts. Krugman shared his thoughts on X on Thursday, ahead of the 2024 presidential election. What Happened: Krugman...
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Paul Krugman Startled By Massive Crypto Spending In Current Election Cycle, Questions Industry's Worth: 'Destroys Value Rather Than Creates It'
Monday, September 2, 2024 - 1:49am | 583Nobel laureate and esteemed economist Paul Krugman has voiced his concern over the substantial political expenditure by the cryptocurrency industry in the ongoing election cycle. What Happened: In an opinion piece for the New York Times, Krugman drew attention to the disproportionate influence of...
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Paul Krugman Backs Former Obama Advisor, Criticizes The Term 'Unskilled Labor:' Being A Plumber Or Carpenter Can Require More 'Human Skill' Than Being A Wall Street Trader
Tuesday, August 20, 2024 - 11:28pm | 851In a recent social media exchange, two renowned economists, Paul Krugman and Betsey Stevenson, engaged in a thought-provoking discussion about the problematic nature of the term “unskilled labor.” What Happened: Krugman, a Nobel laureate, responded to Stevenson’s post, agreeing...
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Paul Krugman Ridicules Bitcoin's Store Of Value Narrative, Nobel Winning Economist Makes A Cheeky Comparison With Nvidia
Monday, August 5, 2024 - 11:48pm | 601Nobel laureate and renowned economist Paul Krugman poked fun at Bitcoin’s (CRYPTO: BTC) store of value narrative after the cryptocurrency witnessed one of its steepest drops in years. What Happened: On Monday, Krugman quoted financial journalist and Bloomberg TV host Joe Wisenthal’s...
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Fed Chair Jerome Powell's Stance On 'Sahm Rule' Challenged By Recession Indicator's Developer Claudia Sahm: 'Today Was The Day To Start Easing'
Wednesday, July 31, 2024 - 11:43pm | 789Economist Claudia Sahm has challenged the stance of Federal Reserve Chair Jerome Powell on the ‘Sahm Rule’ and has called for immediate action to address inflation. What Happened: Sahm, known for developing the Sahm Rule, which predicts a recession, took to X to express her views. She...
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Paul Krugman Warns Of Pre-Recession Signals, Says 'Sahm Rule Is Currently Sending The Right Cautionary Message'
Wednesday, July 31, 2024 - 6:15am | 741Nobel Prize-winning economist Paul Krugman has raised concerns about potential pre-recessionary signals. He pointed to the Sahm Rule and its implications for the U.S. economy. What Happened: Krugman discussed the possibility of a recession and the role of the Sahm Rule in predicting and managing...
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Paul Krugman Slams Trump's Bitcoin Advocacy: Nobel Laureate Calls It 'Government Bailout Of A Scandal-Ridden Industry'
Wednesday, July 31, 2024 - 5:13am | 493Nobel laureate and renowned economist Paul Krugman stuck to his harsh views on Bitcoin (CRYPTO: BTC), calling it "economically useless" and questioning presidential hopeful Donald Trump's support for the asset class. What Happened: In an opinion piece for the New York Times, Krugman came down...