Jeffrey Stoner

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The Fed Will Probably Raise Interest Rates Twice in 2015

According to a Reuters survey of economists released on August 13th.<p>The U.S. Federal Reserve will probably raise interest rates twice this year, with …

Why $40 oil is here to stay

LAGUNA BEACH, Calif. (Project Syndicate) — Oil prices have been heading south again, with a barrel of U.S. crude CLU5, +0.00% recently falling below …

Is this 1917 law suffocating Puerto Rico’s economy?

Puerto Rico is in an interesting predicament. Deep in a 10-year recession, it is now $72 billion in debt.<p>The island territory of the U.S. has mass …

Nobody Knows What To Make Of Justin Trudeau's Plan To Grow The Economy "From The Heart"

How will this affect GDP?<p>Speaking in Regina on Wednesday, Trudeau said: "We're proposing a strong and real plan, one that invests in the middle class, so we can grow the economy, not from the top down the way Mr. Harper wants to, but from the heart outwards. That's what Canada has always done well."

China devalues yuan for third straight day, adding to fears of currency war

China cut the reference rate for its currency for the third straight day on Thursday, after the surprise devaluation of the yuan this week unsettled global financial markets.<p>The central bank put the yuan’s central parity rate at 6.4010 yuan for US$1, the China Foreign Exchange Trade System said, a …

Stock Markets

Carly Fiorina Has A Laughable, Dangerous Solution To The Paid Leave Problem

You can't leave this stuff up to CEOs.<p>New mothers in the United States are often forced to go back to work just a few weeks after having babies. That happens because our federal government, unlike that of any other country in the developed world, offers no provision for paid maternity leave.<p>But no …

The Two Big Economic Policy Failures That John Maynard Keynes Would Be Disappointed by Today

What would John Maynard Keynes say about today's economic policymaking?<p>The famous economist isn't around for us to ask him, but here is probably the …

Five reasons to be worried about the Chinese economy

It has been a tough year for China. Premier Li Keqiang’s plan to have slower but better balanced growth has run into difficulties and Beijing’s struggle to transform its economic model has prompted fears that the world’s second-biggest economy could be the source of the next global downturn.<p>Here …

Economics

The 15 Most Influential Business Books of 2015 (So Far) | Inc.com

The Financial Times and McKinsey & Co. have collaborated for their eleventh annual Business Book Awards, announcing a long-list of 15 semifinalists this week.<p>This year's top business books come from journalists, economists, and academics and explore the opportunities and dangers presented by …

The Great China Ponzi - An Economic And Financial Trainwreck Which Will Rattle The World

There is an economic and financial trainwreck rumbling through the world economy. Namely, the Great China Ponzi. In all of economic history <b>there has</b> …