President Donald Trump’s multi-front trade war has not captured the hearts and minds of average Americans. The CNBC All-America Economic Survey finds either majorities or pluralities of the public say they don’t care for tariffs against China, don’t approve of Trump’s handling of the Chinese trade negotiations and don’t even […] Read more »
Trump should say less on trade. The stock markets will thank him
… I’m not saying President Donald Trump’s decision to take on what he sees as America’s decadeslong disadvantage with its trading partners, friends and competitors alike, was a bad one. Even Senate Minority Leader Chuck Schumer and some of his fellow Democrats have been surprisingly supportive of the administration’s tough […] Read more »
Real Estate Still Leads Stocks as Best Investment
Stocks have had a strong 2019, with the major U.S. stock indices establishing or nearing record highs in April and early May. Still, more Americans continue to believe real estate (35%) is a superior long-term investment to stocks (27%) or other investment options. CONT. Jeffrey M. Jones, Gallup Read more »
Optimism dips, but Americans still feel economy is in good shape under Trump
Despite rising concerns about growth this year, the CNBC All-America Economic Survey finds confidence in the economy holding up, dropping from the optimistic heights of last year but maintaining relatively strong levels. CONT. Steve Liesman, CNBC Read more »
Market Expectations About Climate Change
An emerging literature examines how agents update their beliefs about climate change. Most studies have relied on indirect belief measures or opinion polls. We analyze a direct measure: prices of financial products whose payouts are tied to future weather outcomes. … When money is at stake, agents are accurately anticipating […] Read more »
When shutdown politics add to economic woes, nobody wins
The Congressional Budget Office told us this week that the U.S. economy is likely to take a $3 billion hit from the partial government shutdown, assuming federal employees will get their back pay. $3 billion is a significant amount, but it is likely to have a relatively small impact in […] Read more »