Near Goldilocks Economy Gives Trump an Edge in 2020, Suggests Wall Street Firm

By CCN: Brace yourselves for six more years of MAGA. One of Wall Street’s oldest investment banks, Goldman Sachs, is betting on Donald Trump in 2020. Goldman economists have predicted that President Trump has the advantage, albeit a narrow one, over any Democratic candidate. While the Dow Jones Industrial Average was down fractionally today, More...

by Loknath Das | Published 5 days ago
By Loknath Das On Friday, April 12th, 2019
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Pakistan PM’s attempt to woo western audience to boost economy in despair

Pakistani Prime Minister Imran Khan’s “peace missive” suggesting PM Narendra Modi as the best bet is an outreach to the Western audience and big powers amid the precarious state of the country’s More...

By Loknath Das On Wednesday, March 6th, 2019
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The Trump economy is going gangbusters (and even liberal economists are starting to admit it)

Last week it was reported that the U.S. economy expanded by 2.9 percent in 2018, when measured from the 2017 annual level to the 2018 annual level. By a different metric, one that measures from the fourth quarter More...

By Loknath Das On Monday, March 4th, 2019
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Beware of groupthink on why the economy’s so weak

According to our top econocrats, the underlying cause of the economy’s greatest vulnerability – weak real wage growth – is obvious: weak improvement in productivity. But I fear they’ve got that the wrong More...

By Loknath Das On Friday, January 25th, 2019
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US economy now growing at less than 2 percent due to shutdown, JP Morgan says

J.P. Morgan economists said the government shutdown is beginning to take a bigger toll on the U.S. economy, and growth is now below 2 percent, despite resilience in the private sector. The economists slashed their More...

By Loknath Das On Wednesday, January 16th, 2019
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Government shutdown bites US economy

Emily Hunt, a flight attendant for Southwest Airlines, drops off a donation of food for TSA workers at Orlando International Airport on Jan. 15. Florida airports are helping federal workers who aren’t getting More...

By Loknath Das On Saturday, January 12th, 2019
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Playing catch-up in the digital economy

The increasing diffusion of ICT in developing countries including India and the greater ICT-led convergence across sectors that we are witnessing now follows the emergence of the inter-related digital technology More...

By Loknath Das On Wednesday, January 9th, 2019
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India to retain status as fastest growing major economy in 2019-20: World Bank

Fuelled by policy reforms and rebound in credit, India’s economy is forecast to expand by 7.5 per cent during the 2019-20 fiscal year and retain its position as the fastest growing major economy in a world More...

By Loknath Das On Sunday, December 30th, 2018
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Complex web of international banks, shell companies, helps North Korea gain access to funds, WSJ reports

News1-Dong-A Ilbo  | Getty Images News | Getty Images In this handout image provided by the News1-Dong-A Ilbo, North Korean officials watch the demolition of the Punggye-ri nuclear test site on May 24, More...

By Loknath Das On Sunday, December 16th, 2018
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Goldman Sachs: As long as consumers keep shopping, there’s hope for the economy

David Goldman | Getty Images Shoppers carrying bags walk up Fifth Avenue in New York City. For a market that’s become increasingly jittery over the U.S. economy, Goldman Sachs has a message: All is More...