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Joseph Stiglitz posts

Columbia's Stiglitz: Euro Likely to Survive Crisis

Posted Jun 1st 2010 5:00PM by Joseph Lazzaro (RSS feed)
Filed under: Forecasts, Financial Crisis

One of the world's leading economists is predicting that the euro will survive the Europe debt crisis. Nobel Prize-winning economist Joseph Stiglitz said public officials will do "everything to save the euro and they will muddle through," Bloomberg News reported Tuesday.

Stiglitz, a Columbia University professor, added that a Greek default is "not so likely now" due to the fact that "Europe has committed itself to providing the funds [loans] at a reasonable interest rate."

Continue reading Columbia's Stiglitz: Euro Likely to Survive Crisis

Is deflation the real threat to our economy?

Posted Oct 2nd 2009 6:00PM by Connie Madon (RSS feed)
Filed under: Analyst Reports, Forecasts, Products and Services, Consumer Experience, Money and Finance Today, Economic Data, Personal Finance, Recession

Don't be confused by the rhetoric you read and see in the media. We are definitely in a deflationary spiral. Who says so? And what data are you looking at?

Let's read a few quotes from leading traders and analysts:

Nobel laureate Joseph Stiglitz said: "Deflation is definitely a threat right now."
Charles Evans, Federal Reserve bank president says: "Disinflationary winds are blowing with gale force effect."

Continue reading Is deflation the real threat to our economy?

October's almost here: Is the market headed up or down?

Posted Sep 20th 2009 4:10PM by Connie Madon (RSS feed)
Filed under: Forecasts, Indices, Market Matters, S and P 500, DJIA, Housing

It's almost October and the pundits are at again, predicting that the market should sell off again. Let's look at their reasoning.

We have an ongoing deterioration in consumer debt.
Joseph Stiglitz, Nobel Laureate, says that "the U.S. banking sector is now in worse shape than before the collapse of Lehman Brothers.
Bank profitability is expected to come under pressure.
The U.S. housing outlook is grim.

Continue reading October's almost here: Is the market headed up or down?