Regulation
Washington State Treasurer Says Keep Hands Off Windfall
Predicting a $1.1 billion surplus, finance chief asks lawmakers to let him channel the money to a rainy day fund.
Tag: Economy
Market Moves
Business Spending Is Headed for Another Pinch-Penny Year
The tempo of cap ex should slow to just 1% growth in 2020, the Conference Board predicts.
Newsmakers
Good Economy Means a Trump Win, Says PE Potentate Rubenstein
Incumbent presidents only lose due to recessions, Carlyle founder argues.
Asset Allocation
Meketa Shares Its Biggest Concerns for 2020
Slowing global economic growth, China’s economic rebalancing, and European uncertainty top the consultancy’s list.
Research
Trade Wars Taking Toll on Global Growth
OECD blames dimming economic outlook on trade tensions, policy uncertainty.
Market Moves
60% of Americans Think a Recession Likely Will Hit in 2020
ABC/Washington Post poll results are similar to survey findings at the start of the Great Recession.
That Nifty 3.2% GDP Surge Doesn’t Impress Morgan Stanley
Firm’s economists think the pace will slow to 1.1% in the current quarter.
Research
Endowments Increasingly Dour About Economy
Survey finds number of foundations fearing slowdown has tripled.
GDP Forecasts for 2nd Quarter Show Deceleration
But latest estimates indicate slight improvement from previous calls.
IMF Forecasts Global Growth Slowdown
World economic outlook downgraded to 3.3% growth in 2019.
Newsmakers
Cyber Attacks Are Financial World’s Worst Threat, Says Jamie Dimon
Chase CEO cites economic worries in annual shareholder letter.
Expect a Slowdown, Not a Recession, Corporate CFOs Say
A solid 75% are looking for a downturn, yet just 15% think a recession will occur in 2020, Deloitte survey indicates.
Market Moves
Robert Shiller Is Downbeat About Housing
The celebrated economist thinks residential real estate is ‘looking weaker,’ despite some encouraging data.
Earnings Recession Ahead: Maybe Not
Analysts’ consensus is for a drop in first quarter profits, but a tepid recovery for the rest of 2019.
Global Growth Weakens More than Expected
OECD lowers its GDP forecasts for nearly all G20 countries.