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UrduFinance professor Albert “Pete” Kyle describes how the SVB-fueled banking crisis has created the conditions for a severe recession rather than the mild recession that Federal Reserve economists have predicted.
Tag: Recession
New model predicts US recessions, slowdowns based on level of financial misreporting in economy
Researchers at the Indiana University Kelley School of Business and the University of Missouri have devised a more accurate model to predict recessions and economic slowdowns, based on the aggregate probability of financial misreporting in the economy. Kelley School accounting professors Messod D. Beneish and David B. Farber found that recessions and economic slowdowns are more probable when there is a higher likelihood that financial statements have been manipulated.
Holiday humbug hits workforce this year
The holiday season is upon us once again. That means gift purchases, time with family and friends, and good tidings all around. But thousands of workers are part of a year-end trend that seems to be emerging: mass layoffs.
Economics Expert: Recession May Already Be Here
As federal interest rates climb and the U.S. economy continues to retract, fears of an impending 2023 recession loom large in the minds of Americans. However, as one economics expert notes, the nation may already be experiencing one. “The slowdown…
US Housing: Smith Expert Breaks Down the Gloomy Forecast
Clouds are on the horizon for U.S. housing, says UMD Smith’s Clifford Rossi. He examines key variables to determine whether “we’re looking at a Cat 5 hurricane or merely a steady rain.” He says anticipate the latter.
How Much Will Inflation Really Influence Spending This Holiday Season?
Almost everything is more expensive these days: Gas prices have reached record highs. Grocery prices are through the roof. And as we approach the holiday season, all that inflation leaves little money for extras like entertainment, travel, or shopping — or does it? For the scoop on how inflation will influence the holidays, we checked in with UNLV hospitality professor, tourism researcher, and consumer behavior expert Amanda Belarmino.
UAlbany Faculty Experts Available to Discuss Black Friday, Holiday Stress
ALBANY, N.Y. (Nov. 22, 2022) — With inflation, the rising cost of energy, a potential recession and the ongoing war in Ukraine, there is much in the way of news that can compound the already stress-inducing holiday season in the…
Johns Hopkins Experts Available to Discuss Potential Recession
Johns Hopkins University faculty are available to discuss why some economists predict a recession is looming.
South Bay Economic Forecast is Optimistic, with Caveats
The 7th annual South Bay Economic Forecast conference at CSU Dominguez Hills explored the economic outlook for the South Bay region, the state of California, and the nation.
More Americans Worry That the Labor Market Won’t Improve for the Next Generation
More Americans think that jobs, careers and employment opportunities after the pandemic will be harder to obtain for the next generation than they were following the 2008 Great Recession, according to a new Rutgers report.
No country ‘immune’ to COVID-19 economic shock, but Asian nations will bounce back faster
Study uses forty years of quarterly data to project a lengthy global recession from COVID-19 – knocking 3% off world GDP by end of next year. The manufacturing bases of China and East Asia are predicted to fare better than most Western economies.
Expert: 2020 election and the economy
President Donald Trump has consistently touted the economy’s pre-COVID-19 success and recent rebound as one of his greatest successes as president, if not one of the greatest economies in U.S. history. But how strong is the economy really? And how much of that success can be attributed to the president? Three experts from the Olin Business School at Washington University in St.
Study: Wage Theft Runs Rampant During Recessions
Employers are more likely to cheat their workers during periods of high unemployment. It happened during the Great Recession of 2008. It’s even more likely during the COVID recession, in part because of President Trump’s recent executive order relaxing enforcement.
Land Development in New Jersey Continues to Slow
Land development in New Jersey has slowed dramatically since the 2008 Great Recession, but it’s unclear how the COVID-19 pandemic and efforts to fight societal and housing inequality will affect future trends, according to a Rutgers co-authored report. Between 2012 and 2015, 10,392 acres in the Garden State became urban land. That’s 3,464 acres a year – far lower than the 16,852 acres per year in the late 1990s and continuing the trend of decreasing urban development that began in the 2008 Great Recession.
University of Redlands economist says benefits don’t discourage unemployed from seeking work
Dr. Nathaniel Cline is a professor of economics who can speak to a broad scope of economic topics, including the current debate over unemployment benefits, the recession, and the healthcare vs. economy debate. “It is clear from the income data…
Can we estimate the time until the next recession?
A new study of economic recession patterns finds that the likelihood of a downturn was high even before the onset of the Coronavirus crisis.
Economist Available to Discuss Stress on Financial Markets
Rutgers scholar and economist Bruce Mizrach is available to comment on stress in the financial markets during the COVID-19 pandemic. Mizrach said: “The Federal Reserve has taken extraordinary action in response to the COVID-19 crisis, including plans for an unprecedented purchase of…
Rutgers Workforce Expert Offers Guidance to Unemployed Workers Due to COVID-19 Recession
Rutgers workforce expert, Carl Van Horn, shares resources and guidance for those recently unemployed or facing layoffs The COVID-19 global pandemic has left a record-number 22 million people – including over 700,000 within New Jersey – without jobs, wondering what…
How soon can the economy recover from the COVID-19 recession?
There’s no doubt the COVID-19 pandemic has put the United States into a recession, says an economist who is the associate dean of the College of Business at The University of Alabama in Huntsville (UAH), so now the question on everyone’s mind is when business will get back to normal.
COVID-19 pandemic poses risk of recession
Johns Hopkins Carey Business School Associate Professor Alessandro Rebucci offers his interpretation of what COVID-19 means for the markets in the near term and long term.
Business strategy and economic development expert can speak about possible recession as a result of COVID-19 behavioral changes from consumers and cancellations
It might feel like 2008, but it’s not. Phil Powell, Indiana University Kelley School of Business associate dean of academic programs in Indianapolis and clinical associate professor of business economics and public policy, says he expects coronavirus fears and behavioral…
People in Counties with Worse Economies Post-Recession Are More Likely to Die from Heart Disease
Communities in the United States that experienced the most economic distress in the wake of the Great Recession saw a significant increase in death rates from heart disease and strokes among middle-aged people, according to a new multi-institution study led by researchers at Penn Medicine.