The White House is tapping Lyle Brainard and Jared Bernstein as top economic advisors

Lyle Brainard, Vice Chairman of the US Federal Reserve, before being sworn in during a ceremony in Washington, D.C. on Monday, May 23, 2022. Drago | bloomberg | Getty Images The White House is likely to appoint Fed Vice Chairman Lyle Brainard to run the National Economic Council and Jared Bernstein to lead the Council … Read more

More oil is coming

President Biden spent much of 2022 urging American and foreign energy providers to produce more oil and natural gas. He finally got his wish – though not exactly where he expected. A new analysis by consultancy Wood Mackenzie finds that worldwide fossil fuel exploration in 2022 is at the highest levels in more than a … Read more

India’s Adani companies lose $65 billion in value | Business and economic news

Most Adani Group shares fell sharply on Monday as the Indian conglomerate’s rebuttal of US short-seller criticism failed to calm investors, deepening a market rout that has now led to $65 billion in losses in the group’s stock values. The Indian group led by Gautam Adani, Asia’s richest man, met with research firm Hindenburg and … Read more

China’s $6 trillion consumer market is pulling itself out of the doldrums

BEIJING – China’s recovery from Covid-19 consumption is off to a strong start – after a dismal fourth quarter. when Michelin-starred Restaurant RĂªver Edward Suen, chief operating officer of the Guangzhou venue, said it reopened on Thursday of the Lunar New Year holiday, and it was fully booked. He said bookings for the next three … Read more

Robert Kiyosaki Says ‘We’re in a Global Recession’ – Warns of Rising Bankruptcies, Unemployment and Homelessness – Economics Bitcoin News

We’re in a global recession, says Robert Kiyosaki, the famous author of the bestselling Rich Dad Poor Dad. He warned of high rates of bankruptcy, unemployment and homelessness, and noted that there is good news for investors looking for “deals”. The last warnings of Robert Kiyosaki Rich Dad Poor Dad author Robert Kiyosaki is back … Read more

The US unemployment system continues to suffer from post-pandemic 3-year delays

People wait in line to attend the job fair at SoFi Stadium on September 9, 2021 in Inglewood, California. Patrick T Fallon | Afp | Getty Images These days the United States unemployment system It is kind of an anomaly. Almost three years after the outbreak of the Covid-19 pandemic The worst unemployment crisis in … Read more

Former Fed Chairman Robert Heller on why we need to stop raising interest rates now

font size The money supply is declining in absolute terms. Additional tightening by the US Federal Reserve risks triggering a recession, writes Robert Heller. El Drago/Bloomberg About the author: Robert Heller He is a former member of the Board of Governors of the Federal Reserve System. Inflation is the most important issue facing the economy … Read more