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Peter Morici
Peter Morici is a professor at the University of Maryland School of Business and former Chief Economist at the U.S. International Trade Commission.Subscribe to Peter Morici RSS Article Feed.
Recent Articles
- Google and the China Challenge - March 24, 2010
- Google's censorship struggle with Beijing crystallizes the challenge China poses to American global leadership. Until the Google imbroglio, we heard much about China's...
- Dodd's Financial Reforms Won't Fix the Banks - March 15, 2010
- America's banks are as vulnerable today as before the credit crisis, and reforms offered by Senate Finance Committee Chairman Christopher Dodd won't fix things. Prior to...
- Why the Trade Deficit Matters So Much - TheStreet.com - March 10, 2010
- Obama Needs a Responsible Budget Plan - February 22, 2010
- President Obama's budget deficit taskforce is clever politics but poor leadership. Instead of drafting a responsible budget, he seeks to force Republicans to endorse...
- The U.S. Economy Is In Shambles - February 1, 2010
- In politics, whatever the President can get voters to believe becomes the truth, but in economics the numbers establish the facts. Unfortunately for President Obama,...
- Obama Disappoints On Banking Reform - January 23, 2010
- President Obama announced he wants to prohibit banks from forming hedge funds, private equity funds and trading securities on their own accounts, and he wants to limit...
- The Bank Tax Is Another Bit of Demagoguery - January 18, 2010
- President Obama is at it again - pandering to rich and powerful political supporters, while portraying himself as the guardian of the exchequer and champion of the...
- Taxing Grandma To Pay Goldman's Bonuses - TheStreet.com - January 12, 2010
- By Douglas MacMillan Johnny Makkar is intent on buying a digital book reader. Yet he won't consider any of the more than two dozen new devices introduced in recent...
- Why Free Trade Is Failing America - TheStreet.com - January 5, 2010
- No economic policy could better serve Americans than genuine free trade. But open trade policies are failing Americans. Americans aren't sharing in those benefits...
- Stimulus Spending: A Ballad of Lost Hope - TheStreet.com - December 7, 2009
- Obama Confronts Bureaucracy and Corruption - December 2, 2009
- For Democrats, the chickens are coming home to roost. Badly conceived efforts to rescue homeowners facing foreclosure, regional banks and the unemployed are...
- The Mess the Government Continues To Make - TheStreet.com - December 1, 2009
- For Democrats, the chickens are coming home to roost. Badly conceived efforts to rescue homeowners facing foreclosure, regional banks and the unemployed are...
- Trade With China Explains Dollar Weakness - October 13, 2009
- As the dollar falls against the euro, yen and other major currencies, China and other emerging economic powers holding lots of dollars and U.S. securities are crying...
- It's Essential to Regulate Wall Street Pay - September 22, 2009
- Wall Street greed and irresponsibility have nearly destroyed the U.S. economy. Big bonuses for bankers encourage reckless risk taking and were a principal cause of the...
- The Trade Deficit Threatens Our Recovery - September 10, 2009
- Thursday, the Commerce Department will report July international trade in goods and services. The trade deficit, which is the amount imports exceed exports, is expected...
- Main Street Banks May Crush the Recovery - September 1, 2009
- Like a boxer staggering to its feet, the U.S. economy is recovering. Since May, real consumer spending has been gradually rising. Technology spending is looking up, as...
- Look For An "X" Shaped Economic Recovery - August 24, 2009
- Will the economic recovery be enduring-V shaped? Collapse after a short time-W shaped? For the middle class, it may be none at all-an X. By conventional wisdom, the...
- President Obama's Donut Economics - July 20, 2009
- The stock market is rallying. The economy will recover by year end, and strong profits among big players like Goldman Sachs, IBM and Google will spread to other big...
- Why Obama's Economic Policies Are Failing - July 13, 2009
- The $789 billion stimulus doesn't fix what ails the economy and is doomed to fail. Since 2007, the private sector has shed 6.6 million jobs-half in manufacturing and...
- Obama's Regulatory Reform: Our Money In Danger - NPR - June 19, 2009
- Uncle Sam's 'F'-Rated Bonds - Asia Times - May 20, 2009
- Taxing Grandma To Subsidize Goldman Sachs - BusinessWeek - April 15, 2009
- Is Bank Nationalization Inevitable? - February 25, 2009
- The Obama administration is on track to nationalize the nation’s largest banks, unless it alters policy and creates a Bad Bank to absorb commercial banks’...
- How the Federal Government Can Fix the Banks - January 22, 2009
- For every new president, campaign promises and inaugural idealism must give way to the hard choices that measure the mettle of their leadership. Now Barack Obama must...
- Auto Bailout Plan Will Test Obama's Union Loyalties - IBD - December 23, 2008
- What's Next for the Federal Reserve? - December 19, 2008
- The Federal Reserve has cut the federal funds rate and its short-term lending rate to banks to near zero, but those moves have done little to unlock credit markets....
- Strategies To End The Crisis - October 23, 2008
- Global stock and commodity prices continue to drop, as the threat of a long recession looms. Fear casts a shadow that threatens the viability of democratic capitalism...
- Lehman Is Toxic at Any Price - September 15, 2008
- Saturday, efforts to find a buyer for Lehman Brothers or to dismember the company in an orderly fashion stalled for the same reasons that CEO Richard Fuld’s earlier...
- America's Economy Is in a Funk - Asia Times - August 20, 2008
- When Will Henry Paulson Learn? - July 30, 2008
- Once again, we have good news and bad from Wall Street. Henry Paulson has announced Citigroup and three other banks will begin issuing covered bonds in an effort to...
- Compensation That's Dangerously High - Forbes - July 24, 2008
- A Choking Trade Deficit - Forbes - July 10, 2008
- A Bleak Outlook For June's Jobs - Forbes - July 1, 2008
- Bernanke Aggravates Trade Deficit Risks - Asia Times - June 11, 2008
- Are We In A Recession? - Forbes - June 4, 2008
- Extending Discount Window Threat to Markets - Asia Times - June 3, 2008
- Ensuring America's Growth - Forbes - May 29, 2008
- Friday's Home Sales Report & The Sorry State of Banking - May 22, 2008
- Friday, the National Association of Realtors will report April existinghome sales and prices. These are expected to continue the down trend ofrecent months and reflect...
- Keep An Eye on the Producer Price Index Release - Forbes - May 19, 2008
- Rethinking The Fed's Policy - Forbes - April 25, 2008