The Trump Administration has argued that China's unfair trade practices, which include tariffs, non-tariff barriers, export and financial subsidies, limit market access for imported goods, and investment restrictions are largely [...]
Introducing
Joseph G. Carson
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Joseph G. Carson, Former Director of Global Economic Research, Alliance Bernstein. Joseph G. Carson joined Alliance Bernstein in 2001. He oversaw the Economic Analysis team for Alliance Bernstein Fixed Income and has primary responsibility for the economic and interest-rate analysis of the US. Previously, Carson was chief economist of the Americas for UBS Warburg, where he was primarily responsible for forecasting the US economy and interest rates. From 1996 to 1999, he was chief US economist at Deutsche Bank. While there, Carson was named to the Institutional Investor All-Star Team for Fixed Income and ranked as one of Best Analysts and Economists by The Global Investor Fixed Income Survey. He began his professional career in 1977 as a staff economist for the chief economist’s office in the US Department of Commerce, where he was designated the department’s representative at the Council on Wage and Price Stability during President Carter’s voluntary wage and price guidelines program. In 1979, Carson joined General Motors as an analyst. He held a variety of roles at GM, including chief forecaster for North America and chief analyst in charge of production recommendations for the Truck Group. From 1981 to 1986, Carson served as vice president and senior economist for the Capital Markets Economics Group at Merrill Lynch. In 1986, he joined Chemical Bank; he later became its chief economist. From 1992 to 1996, Carson served as chief economist at Dean Witter, where he sat on the investment-policy and stock-selection committees. He received his BA and MA from Youngstown State University and did his PhD coursework at George Washington University. Honorary Doctorate Degree, Business Administration Youngstown State University 2016. Location: New York.
Publications by Joseph G. Carson
- Global| May 15 2019
Is America on the Losing End on Trade With China?
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- Global| May 06 2019
The "Muzzle" on Inflation
The "muzzle" on reported inflation has policymakers and analysts perplexed. Numerous economic explanations and theories have been offered, and policymakers are considering making changes to their operating price-targeting framework. [...]
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- Global| Apr 29 2019
Transparency Has Failed the Fed
The V-shaped pattern in equity prices over the past several months shows how quickly and powerfully monetary policy decisions and pronouncements nowadays influence investor expectations and decisions. The dynamic feedback loop exposes [...]
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- Global| Apr 29 2019
Q1 GDP-- Something Odd in the Numbers
The Bureau of Economic Analysis (BEA) estimated that Q1 real GDP rose 3.2% annualized, advancing almost a full percentage point above the consensus estimate of 2.3%. The headline gain in real GDP proved to be a big surprise, but the [...]
- Global| Apr 05 2019
Politics Invades Fed Policy: A Replay of the 1970s?
The Fed has a problem; politics has invaded its policy turf. Criticism by President Trump over the Federal Reserve decisions to hike official rates has now escalated to an even higher level as the Administration's top economic advisor [...]
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- Global| Apr 05 2019
The Fed Has A Problem: Politics Invades Policy
The Fed has a problem; politics has invaded its policy turf. Criticism by President Trump over the Federal Reserve decisions to hike official rates has now escalated to an even higher level as the Administration's top economic advisor [...]
- Global| Mar 28 2019
The Politics of Inflation
Inflation has often been involved in political controversy, but today the pendulum has swung from politicians to monetary policymakers. Politicians used the controversy over high inflation to force change in its measurement. Monetary [...]
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- Global| Mar 20 2019
"Is the Equity Bull Market Too Big to Fail?"
The US equity market is on another streak, posting a double-digit gain since the start of the year and extending a bull run that has lasted 10 years. In terms of pure numbers, equities occupy a position far above any other asset, and [...]
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- Global| Mar 11 2019
Payroll Job Data Not A "Fluke": Reflects Slower Growth in Q1
Payroll employment increased by only 20,000 in February, following a 311,000 gain in January. Many analysts quickly dismissed the small gain in payrolls, arguing that it was inconsistent with other labor market indicators and some [...]
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- Global| Mar 11 2019
Payroll Job Data Not A "Fluke": Reflects Slower Growth in Q1
Payroll employment increased by only 20,000 in February, following a 311,000 gain in January. Many analysts quickly dismissed the small gain in payrolls, arguing that it was inconsistent with other labor market indicators and some [...]
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- Global| Mar 11 2019
President's 2020 Budget: "Chaos" in the Numbers!!!
President Trump's 2020 budget proposal has many story lines, but the main story is the "chaos" in the numbers. Not only do the economic forecasts appear to be overly optimistic when compared to consensus estimates, they contradict two [...]
- Global| Mar 08 2019
Record U.S. Trade Deficit—Is it a Sign of Cyclical Strength or Structural Weakness?
In 2018, the US merchandise trade deficit hit a record $891.3 billion. Many analysts, academics and even a former policy advisor downplayed the record trade deficit, arguing that "a higher trade deficit means a stronger economy"; and, [...]
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