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Economics Headlines
Fantasy Island: Takaichi’s Economic Guru Prescribes Conditions That Created 1980s Bubble richardkatz.substack.com
Trump’s strikes on Iran could cost American economy as much as $210 billion, top budget expert says fortune.com
“One problem I have with cost-of-war calculations is that they really do ignore the counterfactual,” the Wharton Budget Model’s Kent Smetters told Fortune.
Source: fortune.com
U.S. stocks rebound from sharp losses, while oil prices leap on worries about Iran war pbs.org
Oil prices leaped Monday on worries that war with Iran could clog the global flow of crude and make inflation even worse. U.S. stocks, meanwhile, swung from sharp losses to a tiny gain.
Source: pbs.org
Jamie Dimon Says Exuberant Market Doesn’t Match ‘Fine’ Economy bloomberg.com
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon cautioned that there’s more optimism in the market than there should be given all the risks — such as conflict in the Middle East — that have cropped up.
Source: bloomberg.com
PMI Rises in February, Marking Second Month of U.S. Manufacturing Growth barrons.com
Iran’s Islamic Revolutionary Guard controls a sprawling business empire that dominates the economy fortune.com
That empire includes core industrial sectors like oil and transportation as well as banking, telecommunications, agriculture, medicine, and real estate.
Source: fortune.com
Middle East Conflict Imposes Another Stress Test on Global Resilience bloomberg.com
For the past year, economists have modeled the impact of Donald Trump’s chaotic trade war. Now, it’s a real war they’re assessing.
Source: bloomberg.com
Global Economy Faces New Strain From Iran Conflict ttnews.com
The most immediate impact from the escalating Middle East conflict is through market reaction as investors take flight to safe havens such as the dollar and gold, while stocks slump.
Source: ttnews.com
Economic implications of war in Middle East realeconomy.rsmus.com
In today’s American economy, spikes in oil prices do not present significant downside risk to top-line economic growth or inflation that they did a half century ago.
Source: realeconomy.rsmus.com
Greg Abbott, Trump highlight energy and economy elpasotimes.com
Gov. Greg Abbott teamed up with President Donald Trump in Corpus Christi to bolster efforts to keep Texas red.
Source: elpasotimes.com
Trump’s Iran War Adds New Potential Shock for US Economy, Voters bloomberg.com
President Donald Trump’s war against Iran risks delivering another shock to an economy that voters are already disenchanted with, just eight months out from mid-term elections.
Source: bloomberg.com
Honda’s wind tunnel in Logan County boosts Ohio economy, innovation 10tv.com
Source: 10tv.com
Why has the UAE closed its stock exchanges? aljazeera.com
Authorities have shut main exchanges in Abu Dhabi and Dubai amid ongoing fallout of US-Israeli attacks on Iran.
Source: aljazeera.com
Russian rail freight drop deepens in February as economy slows reuters.com
A protracted crisis in Russia’s rail industry – driven by the slowing economy, sanctions and global market pressures – deepened in February, adding strain to the debt-laden state rail monopoly.
Source: reuters.com
Bank of Canada: sometimes rate hikes needed even when economy is weak reuters.com
