In December, payroll employment fell 140,000, the first monthly decline since April. The job loss would have been much larger if it were not for the ability of a large number of businesses to offer their employees the ability to work [...]
Introducing
Joseph G. Carson
in:Our Authors
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| Jan 13 2021Remote Working Limited the Economic Fallout In 2020, And Its Reversal Will Spur Growth In 2021
|in:Viewpoints
- Global| Dec 30 2020
2021 Could Be The Opposite of 2020: Economy Up & Equity Markets Down
2020 has proved to be a wild ride for the economy and finance. The economy posted its sharpest one-quarter decline to be followed by the largest quarterly gain. Meanwhile, the Dow Jones Index recorded the 10 largest daily percentage [...]
|in:Viewpoints
- Global| Dec 17 2020
Plunge In Retail Sales Shows Vulnerable Consumer: Personal Savings Rate Is Overstated
November's retail sales plunged 1.1%, the biggest monthly decline since April. And the small gain in October retail sales was revised down, and now sales in that month show a tiny decline. The sharp drop in consumer spending on retail [...]
- Global| Dec 14 2020
Federal Taxes Paint Grim Picture on the Economy: Congress Should Take Notice
Data on federal tax receipts paints a grim picture of the state of the US economy. Weak tax receipts are sending a signal of economic distress. Congress needs to act with urgency and pass federal support legislation to help broad [...]
|in:Viewpoints
The world of finance changed in 2020. Investors nowadays are willing to pay more for growth and worry less about debt. Changes in investment philosophy and practices are directly related to the actions of the Federal Reserve. Fed [...]
|in:Viewpoints
- Global| Nov 27 2020
"Actual" Inflation Is Rising During The Recession
"Actual" consumer price inflation is rising during the recession. That runs counter to the normal recessionary pattern when the combination of weak demand and excess capacity works to lessen inflationary pressures. The main source of [...]
|in:Viewpoints
- Global| Nov 20 2020
Unique Recession & Unusual Policies Create Uncertain Economic Outlook
The equity market making a new high before the recession end is unique as it seems to imply a return to economic normalcy fairly quickly. But that optimism will be challenged. The 2020 recession was unique in that it was centered in [...]
Something missing. Federal withheld gross income tax receipts continue to post large declines, missing the rebound in employment and wage and salary income. One wonders if the weakness in gross federal income tax receipts is related [...]
|in:Viewpoints
Something missing. Federal withheld gross income tax receipts continue to post large declines, missing the rebound in employment and wage and salary income. One wonders if the weakness in gross federal income tax receipts is related [...]
- Global| Nov 02 2020
Are Investors Prepared For A "Watershed" Election Outcome & A Rebirth of Federal Activism?
A watershed event in politics reflects a "fundamental shift" in the federal government's role in domestic economic, financial, and social affairs. Based on the unprecedented governmental actions already taken by Congress and the [...]
|in:Viewpoints
The 2020 economy will be remembered for the record plunge in Q2, and its record rebound in Q3. Yet, the most unusual or unique feature of the economy's performance, or downturn, is its mix. The 2020 downturn is the first economic [...]
|in:Viewpoints
- Global| Oct 19 2020
The Employment Data And Tax Receipts Don't Compute
The employment data and tax receipts don't compute. In September, the US Treasury reported that gross federal income tax receipts fell 19% versus year-ago levels. That represents the sharpest year-on-year decline since May, or when [...]
|in:Viewpoints
- of18Go to 8 page