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Economists

Economists Against the $700 Billion Bailout Theft
2008-09-25 10:04:00
Updated September 24:This is a list of economists who have come out against Bush's insane $700 billion bailout of casino Wall Street banksters who brought this whole mess upon us.Looking over it, at first I thought they were a bunch of leftwingers, but seeing the preponderance of names from that coven known as the Chicago School of Economics, plus the particular wording of the protest letter, plus the website its hosted on the Ordo Templi Orientis website of John Cochrane, a High Economic Priest in the heart of Neoliberal Baal at the Chicago School, shows me that this is coming from the rightwing of the ultra-hardcore neoliberals themselves.I don't recognize any of those names, but if they're Chicago School like almost all US economists these days, they're all named Mephistopheles. I almost feel dirty just looking at those names.But of course it's a total contradiction of Neoliberal Economic Theology for the state to bail out anyone, large or small, much less to (Socialist horr...
Economists Support Obama Over McCain By More Than 2 to 1
2008-09-20 20:57:00
Discussed McCain's Poor Decision to Rely on his Advisors and the Truth on Taxes:? 95% of working families would get a tax cut from Obama? 100 million Americans would get NO tax cut from McCain? Most would get a larger tax cut from Obamaread more | digg story
1700 leading US scientists and economists call for swift and deep cuts
2008-05-29 23:07:00
clipped from www.ucsusa.orgWASHINGTON (May 29, 2008) ? More than 1,700 of the nation's most prominent scientists and economists today released a joint statement calling on policymakers to require immediate, deep reductions in heat-trapping emissions that cause global warming. Issued just days before the Senate begins debate on the Lieberman-Warner climate bill, the statement marks the first time leading U.S. scientists and economists have joined together to make such an appeal."There is a strong consensus that we must do something about reducing the emissions that cause global warming," said James McCarthy, president of the American Association for the Advancement of Science and one of the statement's authors. "The debate right now is about how much we need to cut. The fact that so many scientists and economists have spoken out and signed this letter should give policymakers the confidence that we can avert serious adverse climate impacts." "We urge U.S. policy makers to put our n...
Economists say oil highs will not hit GDP growth as hard as expected - Sing
2008-05-21 04:19:00
Economists say oil highs will not hit GDP growth as hard as expected - Singapore By Rachel Kelly, SINGAPORE: With oil prices continuing to push into uncharted territory, economists have been re-looking their growth forecasts for the year. Some said that GDP growth may be squeezed by as much as half a percentage point, with the transportation sector among the hardest hit by high fuel costs. US crude futures have new records at above US$128 a barrel supported by fears of supply disruptions in Nigeria and Iran as well as robust demand from China. Oil prices are now double compared to a year ago, but economists are largely staying positive. Robert Prior-Wandesforde, Senior Asian Economist, HSBC, said: “Well it’s very easy to get very gloomy at the moment. You’ve got this combination of the US and European problems to a certain extent, and you’ve got the high food and oil prices as well. “However, we think that the Singapore economy and Asia region in...
Oil?s Murky Outlook
2008-05-18 23:24:00
At about $124 a barrel, the price of crude oil has more than doubled since the start of 2007. The vast majority of government forecasters, stock analysts, economists, traders, and journalists who follow oil failed to see it coming. Even now their price estimates for the next several years are all over the place, ranging ...
The Dollar: Shrinkable but (So Far) Unsinkable
2008-05-11 18:53:00
Now, however, people in international financial circles detect a subtle shifting of the ground in confidence about the dollar. A few years ago, the suggestion that another currency could rival the dollar would have been ridiculed. Today, some economists say the dollar could begin surrendering some of the advantages of dominance to the euro ...
Bill Clinton Had A Different View on Economists in 1992
2008-05-06 21:11:00
How things have changed since 1992. Back in 1992, Bill Clinton cited endorsements from economists as reason to support him in a campaign ad (video above–hat tip to David Kurtz). In 2008 Hillary Clinton not only ignores the economists after she adopted John McCain’s idea for a gas tax holiday. She even brags about ...
Hundreds of economists tell Clinton and McCain that their gas tax holiday i
2008-05-06 05:43:00
You wonder what a couple of pandering idiots like Clinton and McCain were thinking.Just two more short-sighted politicians, doing and saying anything to get elected. Even if it's stupid. Even if it makes zero economic or social policy sense.America deserves better. I'm not sure if most Americans understand things like the gas tax either, but that's why we need leaders who do.HP's recommendation? Raise the gas tax $1 a year for the next five years. Use the money to fund massive transportation infrastructure (highways, roads, bridges, trains, light rail, etc) and launch a Green Manhattan Project. The only way to get Americans out of their SUV's and away from imported oil and massive carbon emissions is to give them the incentive and ability to do it.Clinton and McCain - two idiots who don't understand Econ 101 or what's best for America, running for president and failing.Economists Criticize Clinton, McCain Gas-Tax PlansMore than 200 economists, including four Nobel prize winne...
200 Economists Say ?Gas-Tax Holiday? Sucks
2008-05-06 03:17:00
When economists believe in something this strongly, their posse rolls deep. The Gas-Tax Holiday, proposed by John McCain, was an attempt to make one super-wealthy candidate seem like a guy concerned about the average citizens’ problems. Instead, it’s getting blasted as the worst idea imaginable. Both Hillary Clinton and John McCain agree in unison that something needs ...
Not 10, not 20, not even 50! 200 Economists Denounce Clinton/McCain Gas Tax
2008-05-05 21:40:00
That Clinton or McCain would engage in this type of pure political pandering is not surprising. It?s exemplifies the old Washington gamesmanship that we need to change. This may not be the single most irresponsible policy idea of the year, but it must've been formulated by somebody thinking only about votes, not reality. Let's drive up demand and keep sending money to big oil and middle eastern zillionaires. Obama's honesty makes them both look like old-school politicians more beholden to corporate interests than worried about what's good for the U.S.A. Oh. Right.read more | digg story
Clinton Gas Tax Plan Doesn?t Need Economists, Just Good Implementation?
2008-05-05 11:27:00
I usually don’t watch the Sunday morning talk shows like Meet the Press or This Week. I’m not sure why. I think this is because I have a deeply ingrained aversion to them dating back to...
Fifty Major Economists (Routledge Key Guides)
2008-05-04 21:38:00
Fifty Major Economists (Routledge Key Guides) # Author:Steven Pressman# Format:PDF 1.3MB# Page Count: 322 pages# Publisher: Routledge; 2 edition (May 25, 2006)# Language: English# ISBN-10: 0415366496# ISBN-13: 978-0415366496Building upon the huge success of the previous edition, this updated text provides a clear, comprehensive guide to the most influential individuals in the field of economics.Covering a wide range of thinkers across several centuries, features of this second edition include:* a significantly revised and expanded introduction discussing the importance of the history of economics, and highlighting the main schools of thought* updated bibliographies and referencing to take account of the wealth of secondary literature available* new entries on todays pioneering economists, such as Vernon Smith and Joseph Stiglitz* revised entries on contemporary economists in order to include recent developments and research.Containing brief biographical information on each featured ...
Economists Foresee More CRR Hikes
2008-05-01 00:00:00
Yaga Venugopal Reddy proved his penchant for surprising the street once again by hiking the much-used cash reserve ratio. Economists say he's not done yet.They are forecasting that Reddy will wield his favourite -- and blunt -- weap2 Vote(s)
Economists not surprised by slower jobs growth forecast - Singapore
2008-04-25 05:24:00
Economists not surprised by slower jobs growth forecast - Singapore By Ng Baoying,     SINGAPORE : Jobs growth this year will come off the record highs seen last year. According to the Singapore National Employers Federation (SNEF), the pace will come in at about 3-4 percent, down from the 7.7 percent jump in 2007. Economists said these numbers do not come as a surprise, and some said this could even be a good thing. The credit crisis in the US is keeping businesses across the globe on their toes. And economists said this is keeping companies cautious about hiring new blood this year. But in Singapore’s case, that is only part of the reason. Said Philip Overmyer, Chief Executive of Singapore International Chamber of Commerce: “It’s important to keep in mind that from the time Singapore was founded, we’ve been working our way up the value chain. So we constantly have this turnover of companies where low-end companies… leave and higher value-added (com...
Economists Even More Gloomy About US Prospects
2008-04-22 06:10:00
CNBC has a story about how economists are gloomy about US economy: Economists Even More Gloomy About US ProspectsBusiness economists are turning pessimistic about the U.S. outlook and increasingly fear economy will slip into a recession in coming months.The National Association for Business Economics said that the 109 members who responded to its quarterly survey were "notably downbeat" about their first-quarter experience and about near-term prospects.For the first time in five years, reports of falling profit margins outnumbered reports of rising margins in the first quarter of 2008......"Seventy percent say they are more pessimistic than three months ago," NABE said.Among other concerns, 66 percent of respondents said they paid more for materials in the first quarter this year, which NABE said was the highest share since 2004. They blamed weakening markets and soaring commodity prices for squeezing profit margins......"Thirty-nine percent of respondents stated that tightening cre...
Economists believe US is going into a recession
2008-04-21 16:24:00
According to CNBC: Economists Even More Gloomy About US Prospects Business economists are turning pessimistic about the U.S. outlook and increasingly fear economy will slip into a recession in coming months. The National Association for Business Economics said Monday that the 109 members who responded to its quarterly survey between March 24 and April 8 were “notably downbeat” ...
Survey: 30 Percent of Economists Believe Economy Will Shrink by June
2008-04-21 12:22:00
By JEANNINE AVERSAAP Economics WriterApril 21, ABC NewsWashington - The odds the country will fall into its first recession since 2001 are rising sharply.Thirty percent of economists now believe the economy will shrink in the first half of this year, up from 10 percent who thought this in January, according to a survey being released Monday by the National Association for Business Economics, known by its acronym NABE."That's a striking difference," said Ken Simonson, chief economist for the Associated General Contractors of America and the NABE's point person on the survey. The tone of the overall survey, he said, was "extremely gloomy."Under one rough rule, if the economy contracts for six straight months it would be considered in a recession. Many economist and the public believe we are in one. Even Federal Reserve Chairman Ben Bernanke recently acknowledged, for the first time, that a recession is possible.Forecasters "were notably downbeat about their own companies and the ove...
WSJ Survey: U.S. Economy In Recession, Further To Fall
2008-04-10 23:55:00
The Wall Street Journal?s Phil Izzo talked about the latest Journal forecasting survey of 55 economists. Izzo wrote: The weakening U.S. economy has further to fall, according to the majority of economists in the latest Wall Street Journal forecasting survey. By a 3-to-1 margin, respondents said the economy is in a recession, and almost three quarters ...
Economists say S’pore’s GDP growth likely to rebound in Q1
2008-04-10 02:33:00
Economists say S’pore’s GDP growth likely to rebound in Q1 By Ng Baoying,  SINGAPORE : Singapore’s economy is expected to see a rebound in the first quarter. Economists are forecasting GDP to expand by some 6.8% on year, swinging up from the 4.8% decline in the previous three months. They said the boost will come from a rebound in the pharmaceutical and electronics manufacturing sector. But going foreward, they expect growth numbers to go downhill. The construction sector is one of the main pillars of Singapore’s growth so far this year. Together with manufacturing, the construction sector is holding up the first quarter’s rebound, according to economists. Irvin Seah, economist with DBS Group Research, said: “The only bright spark in the economy will probably be the construction sector. The construction sector has been growing at about 20 per cent so far last year. “And with healthy pipelines of projects coming up - for example the two IRs ...
Economists Predict 6% Jobless Rate, 2 Million Lost Jobs
2008-04-08 00:47:00
Earlier today I read an interesting article that discussed the U.S. employment outlook and which jobs may or may not be good bets in a deteriorating economy. Martin Crutsinger of the Associated Press wrote: While the downturn is expected to be short and mild, economists are still forecasting the unemployment rate, which jumped to 5.1 ...
The Failing Fed
2008-03-21 21:55:00
Following through on a recommendation yesterday, I read the post ?5 Reasons Why the Federal Reserve is a Failure!? from Bankaholic.com. It?s a great piece (especially the part about the Fed awarding gold stars to those deserving detentions), and I think you?ll enjoy reading it over the Easter weekend. Having obtained permission to ...
Senior Economists: China to Surpass by 2025 - Me: HOW?
2008-03-21 16:53:00
I am a big believer in China.  BIG…. but, even I have my limits. Last week while attending a discussion at Three on the Bund, Economist Jeffrey Sachs said that China’s GDP would pass the United States by 2030.  According to him, that would mean that China (currently about the same size as Germay) would need ... SHARETHIS.addEntry({ title: "Senior Economists: China to Surpass by 2025 - Me: HOW?", url: "http://www.allroadsleadtochina-.com/index.php/2008/03/21/senio-r-economists-china-to-surpass-b-y-2025-me-how/" });
The Great American Con
2008-03-18 17:15:00
In the early days of Boom2Bust.com, the amount of material I encountered on a daily basis which was pertinent to the blog?s focus (educating/warning about a coming U.S. financial crash) was more than manageable. In fact, there were days when a lot of the material that came across my desk was way too Pollyannaish ...
71% of Economists Say We Are In A Recession
2008-03-13 22:27:00
Fully 71% of 51 Economists of surveyed agreed the US economy has slid into recession according to Wall Street Journals online edition today.Retail sales fell a pointed .6% in February as consumer spending tumbled. Consumers continue to grapple with high fuel prices, bad home value information and shrinking 401Ks due to market issues.This is a big turnaround from just 5 weeks ago. 20 surveyed felt the economy would actually go backwards for the year and that unemployment would rise to 5.5%The turnaround in opinion can be traced to the recent employment report that showed a loss of 63,000 jobs for the month. The second month in a row with negative job growth.A better phrase is probably "recessionary" as the textbook definition of a recession is two consecutive quarters of GNP (Gross National Product) decline. However, I prefer the "Poor Richard" definition. "A Recession is when your friend loses his job, a depression is when you do!"Unless some stability to home and gas prices (althou...
Most Economists Say Recession Has Arrived as Outlook Darkens
2008-03-13 22:16:00
The U.S. has finally slid into recession, according to the majority of economists in the latest Wall Street Journal economic-forecasting survey, a view that was reinforced by new data showing a sharp drop in retail sales last month. “The evidence is now beyond a reasonable doubt,” said Scott Anderson of Wells Fargo & Co., who was ...
According to economists: the recession is already here
2008-03-13 21:55:00
According to the Wall Street Journal: Most Economists Say Recession Has Arrived as Outlook Darkens The U.S. has finally slid into recession, according to the majority of economists in the latest Wall Street Journal economic-forecasting survey, a view that was reinforced by new data showing a sharp drop in retail sales last month. “The evidence is now beyond ...
Economists see US avoiding recession (AP)
2008-03-12 04:43:00
By ALEX VEIGA, AP Business Writer ...
U.S. Government Report Suggests U.S. May Enter Recession In 2008
2008-03-11 22:07:00
According to the Financial Times (UK) today, ?A US government report on Tuesday forecasted for the first time that the country?s economy would enter recession in 2008.? Javier Blas, a Times commodities correspondent, wrote: The Energy Information Administration, the statistical arm of the Department of Energy, said in its monthly oil report that the ?US real ...
Machinery orders mark biggest jump in 7 years, but economists still wary of
2008-03-11 00:00:00
{mosgoogle right}TOKYO (AP) -- Japanese core machinery orders -- a key indicator of capital spending -- jumped 19.6 percent in January from the previous month, marking their biggest percentage rise in more than seven years, the government said Monday.While that was much higher than the 3.1 percent projected by economists and the first rise in three months, analysts cautioned that January's rise rise was due to several one-time large deals."The result is too strong and sh ...
Economists Quotes
2008-02-28 20:52:00
  An economist is a man who knows a hundred ways of making love but doesn’t know any women. Art Buchwald Quotes If the market does indeed embody the sum of all human wishes, then the secret ones are just as important as the ones that are openly displayed. Eric Schlosser Quotes If all the economists in the world were laid end to end, they wouldn’t reach any conclusion. George Bernard Shaw Quotes There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting. John Kenneth Galbraith Quotes The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. John Maynard Keynes Quotes If economists could manage to get themselves thought of as hum...
Economists defend permitting share purchases in foreign currencies
2008-02-25 11:25:00
Economists are urging the Government to approve the State Securities Commission?s (SSC) suggestion on allowing foreign strategic investors to make payment for shares in foreign currencies. Le Minh Nga, Finance Director of Gia Quyen Securities Company: It is necessary to amend legal documents to pave the way for... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
For Those Fart Blossoms Who Aren?t Economists?
2008-02-20 13:50:00
        Hello, my Fart Blossoms.  Are you left scratching your weaves over the credit crunch, trying to figure out just what in the fuck happened?  Don’t feel bad - just about everyone is.  But don’t worry, ya’ll.  Ask, and Maxine shall make sure that ya’ll receive. Some enterprising soul has creating a PowerPoint presentation to explain ...
Budget to target inflation: Economists
2008-02-11 17:31:00
Strong growth last year will let Govt give lower-income group more support THE effects of rising inflation and helping the lower-income group cope with these higher prices are set to be key themes in this Friday’s Budget, say analysts. They say the Budget will be closely watched, given that Singapore is entering a challenging phase fraught with recession risks in the United States, which could drag down the global economy. Global inflation is another key worry, they say. Still, economists and tax experts also believe strong economic growth last year has put Singapore in a position of an overall fiscal surplus instead of the projected deficit of $690 million. They say this will allow the Government to dish out financial help to lower-income earners this year. Experts believe that domestic inflation will rise this year, given the average 20 per cent rise in the annual values of homes last month, hike in taxi fares, and plans to increase Electronic Road Pricing charges and the n...
Merrill Lynch, Morgan Stanley Talk Recession
2008-02-08 21:49:00
Last night Reuters reported that despite U.S. monetary policy easing, equity and credit markets are suggesting it?s too late to avoid a recession, according to economists at Morgan Stanley. Analysts Luca Bindelli and Stephen Jen said in a research report that those markets suggest: ?it is too late to avoid the inevitable. Indeed, the ...
Growing Number Of Economists Say Recession Is Here
2008-02-07 18:51:00
Earlier today, MarketWatch reported that Nigel Gault, U.S. chief economist for Global Insight, now believes the U.S. economy is in a recession. Massachusetts-based Global Insight is recognized as the most consistently accurate forecasting company in the world, with over 3,800 clients in industry, finance, and government. In a research note released Thursday, Gault ...
Economists-christiansquoting.org.uk
2008-02-06 13:55:00
An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today. -- Evan EsarAn economist is a man who states the obvious in terms of the incomprehensible.--- Alfred A. KnopfAn economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.--Laurence J. PeterIsn't it interesting that the same people who laugh at science fiction listen to weather forecasts and economists?--Kelvin Throop, IIIGive me a one-handed economist! All my economists say, "on one hand... on the other." --Harry Truman
Unemployment Rates Reassure UK Economists
2008-01-30 08:47:00
Amid the turmoil in the worldwide stock markets, and bank losses, the job market in the UK has been positive. The latest data showed that the UK is enjoying the largest increase in the number of jobs in 11 years. The number unemployed and those claiming unemployment benefits fell consistently for the last 15 months. This is the longest stretch of declines since June 2003, and resulted in the lowest unemployment rate since 1975, according to a report by Guardian Unlimited.
Economists Warn ?Don?t Panic?
2008-01-29 09:19:00
UK consumers are warned not to panic amid fears of instability in the world markets, according to Hamish McRae, one of Europe's leading futurists, author, Business and Finance Journalist of 2006, and economic commentator of "The Independent."
Signs Of The Time, Part 1
2008-01-28 19:19:00
In trying to determine the direction of the U.S. economy, practitioners of the ?dismal science? would argue that we should focus primarily on the empirical data at hand. Yet, can we also find clues as to where we are heading from what?s going on around us in our daily lives? Are there things ...
Collaboration between scientists and economists might improve global warmin
2008-01-23 11:16:00
Climate scientists are collaborating with economists to improve their forecasting models for global warming by assessing more accurately the impact of rising atmospheric carbon dioxide levels.   Although there is broad consensus that there will be a significant rise in average global temperature, there is great uncertainty over the extent of the change, and the implications for different regions.   Greater accuracy is urgently needed to provide a sound basis for major policy decisions and to ensure that politicians and the public remain convinced that significant changes in consumption patterns and energy production are essential to stave off serious consequences in the coming decades and centuries.   The climate modelling community has become increasingly aware that some of the statistical tools that could improve their modelling of climate change may already have been developed for econometric problems, which have some of the same features.   The European Sc...
By: B4U India
Rebates no big deal for retailers, economists say
2008-01-21 21:47:00
NEW YORK (CNNMoney.com) -- With 2008 expected to show the weakest growth for retail sales in years, Americans sorely need some incentive to keep shopping.
By: Get rich
Singapore economists unfazed as US recession fears grow
2008-01-17 01:23:00
Singapore economists unfazed as US recession fears grow  They opt to wait for more data before revising growth forecasts By Bryan Lee    FEARS of a United States recession are hitting a fever pitch with the dreaded ‘R’ word mentioned with increasing frequency by American policymakers and economic soothsayers. But the temperature in Singapore is notably lower. Local analysts are sitting tight on their forecasts - for both the US and Singapore - even with the hair-raising news out of America this week. ‘It’s looking darker undeniably,’ said Action Economics economist David Cohen. ‘But the situation hasn’t changed that dramatically either.’ Economists in Singapore said their colleagues in the US might be overreacting somewhat. Local experts are forecasting a slowdown but they want more evidence before making a recession call. The mood in the world’s largest economy turned south dramatically in the past few days, with several glob...
Merrill Lynch Says U.S. In Recession
2008-01-08 05:41:00
Back on December 20, the Toronto-based Globe and Mail said a recession probability indicator at Merrill Lynch was signaling a 100% probability for a U.S. recession within the next 12 months.   Earlier today, the Telegraph (UK) said Merrill Lynch is the first major bank to declare that a recession in the world?s biggest economy is now ...
'Recession a given', say Economists, 'and a serious one' [Digg]
2008-01-06 20:22:00
Many analysts gathered at the American Economic Association's two-day annual meeting spoke of a recession as almost a given but differed over how severe it will be."The recession is likely to be a serious one," said Dean Baker, co-director of the Center for Economic and Policy Research.
Economists talk down possibility of technical recession in S’pore
2008-01-04 17:05:00
Economists talk down possibility of technical recession in S’pore By Rachel Kelly SINGAPORE: Private sector economists are taking a positive stance on the Singapore economy. With GDP numbers for the fourth quarter of 2007 showing a contraction from the previous three months, yet another such dip would mean a technical recession. This would happen if growth numbers for the first quarter of this year show a decline from the previous three months. But economists polled by Channel NewsAsia prefer to talk about a rebound instead. The construction sector more than pulled its weight in the fourth quarter, helping to compensate for sluggish numbers from manufacturing. While data from pharmaceuticals and electronics was disappointing, analysts said that they expect to see an uptick for the current three months. UOB economist, Ho Woei Chen, said: “I think that going forward, there is scope for an upturn in the manufacturing sector, growth in the first half of 2008. We see some sup...
Father of Reaganomics: Nothing Can Be Done To Save Economy
2008-01-03 21:11:00
This morning I came across an interesting article by Paul Craig Roberts in the Coastal Post. Who is Dr. Roberts? He is an economist who served as an Assistant Secretary of the Treasury in the Reagan Administration, and is known as the ?Father of Reaganomics.? Outside of the public sector, he was a former editor ...
Local Economists examine indicators, predict happy future (gasp!) for Augus
2008-01-03 03:33:00
Those doom-and-gloomers who can’t stop feasting on national media reports about the real estate market collapse probably missed a wonderful article in the Sunday edition of the Augusta Chronicle. Staff writers Tim Rausch, LaTina Emerson and Damon Cline interviewed local experts about the state of the economy in the area, and managed to ...
Economists unfazed by weaker quarterly growth
2008-01-03 02:02:00
Economists unfazed by weaker quarterly growth  Only 1 in 6 polled revises first-quarter estimates despite latest data being weaker than expected By Nicholas Fang    ANALYSTS are upbeat about the economy’s outlook in the current first quarter despite some weaker-than-expected economic figures yesterday. In fact, out of six analysts polled by The Straits Times, only one was revising her first-quarter estimate. The rest are sticking to their guns despite the lower-than-forecast advance estimates for Singapore’s fourth-quarter growth. Many said a key factor behind the weaker results last quarter was a cyclical slowdown in the pharmaceutical sector, which meant lower manufacturing contributions to economic growth. This was more a reflection of the industry’s volatility and less a sign of weakening demand. Also, continued strong performances from other sectors, such as services and construction, will buoy the economy, they said. The Ministry of Trade and Industry yest...
Economists divided over World Bank data on China's output - Internation
2007-12-20 14:31:00
TopNewsEconomists divided over World Bank data on China's outputInternational Herald Tribune, France - 4 hours agoBy Keith Bradsher HONG KONG: New calculations by the World Bank, suggesting that the Chinese economy may not be as large as previously thought, ...Economic clout of China and India is overstated, World Bank says Globe and MailIndia among 5 nations sharing half of world production Economic TimesChinese and Indian economies smaller than thought: World Bank The Canadian PressXinhua - NEWS.com.auall 109 news articles
Head Of Group That Identifies Recessions Says 50% Probability
2007-12-18 18:07:00
Last Friday, the head of the nation?s leading nonprofit economic research organization told Bloomberg in an interview that the chance of a recession in the United States stood at about 50%. Martin Feldstein, a Harvard University economist and president/CEO of the NBER (the group responsible for dating U.S. economic cycles), said there may ?easily? be ...
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