Peter Morici

Posted July 31, 2014

Stocks may be near record levels but the bull market is not done. Digital technologies permit businesses to use investors’ cash far more efficiently these days, and could easily push up stock prices another 25 percent.

Posted July 30, 2014

Friday, the Labor Department is expected to report the economy added 235,000 jobs in July, and the unemployment rate remained steady at 6.1 percent, but that hardly tells the story.

Posted July 25, 2014

Poverty is as endemic today as it was when President Johnson inaugurated the War on Poverty, and Paul Ryan is offering sensible proposals to change things for the better.

Posted July 24, 2014

Testifying before Congress last week, Federal Reserve Chairman Janet Yellen cherry-picked data on inflation by noting prices are up, on a year-over-year basis, less than the Federal Reserve's target of 2 percent.

Posted July 23, 2014

The downing of Malaysia Flight 17 casts new light on just how inept and decadent the United States and Europe have become.

Posted July 19, 2014

Testifying before Congress, Federal Reserve Chairwoman Yellen cherry picked data on inflation by noting prices are up, on a year-over-year basis, less than the Federal Reserve’s target of 2 percent.

Posted July 17, 2014

The economy is recovering from a harsher than normal winter, but the pace of growth the balance of this year and next will not create nearly enough decent jobs for the millions unemployed and recent graduates working at venues like Starbucks.

Posted July 15, 2014

Federal Reserve Chairwoman Yellen will testify to Congress Tuesday and Wednesday about the economy and future fed policy. We won’t learn much about either, because the Fed refuses to recognize the facts on the ground.

Posted July 12, 2014

Changes in technology and the economy that permit businesses to use capital far more efficiently will likely drive equities much higher.

Posted July 04, 2014

The economy added 288,000 jobs in June. Overall jobs creation has improved in 2014, but it remains far short of the 390,000 needed each month to keep up with population growth and genuinely reduce unemployment, and well less than the pace accomplished during the Reagan – Clinton prosperity.

Posted July 02, 2014

Thursday, the Labor Department is expected to report the economy added 211,000 jobs in May. In line with the pace so far this year, that is far short of what is needed to keep up with population growth and genuinely reduce unemployment.

Posted July 02, 2014

The Fed target is 2 percent inflation, but since March the pace has quickened. In May, the Consumer Price Index the government uses to adjust Social Security and other benefits increased at an eye-popping 4.3 percent annual rate.

Posted July 01, 2014

Economists should be bound by facts and reason. And I can’t do that as well as embrace liberal positions on the minimum wage, climate change and gender discrimination at the same time.

Posted June 29, 2014

Forecast For Economic Numbers Week of June 30th, 2014: Peter Morici is a professor at the University of Maryland Smith School of Business, former Chief Economist at the U.S. International Trade Commission, and five-time winner of the MarketWatch best forecaster award.

Posted June 27, 2014

The U.S. economy is set to take off. Scarred by the financial crisis but on their feet again, consumers will lead the economy to growth in the range of 3 percent through the end of 2015.

Posted June 18, 2014

Buffeted by slow growth and too few jobs, Americans now have to deal with more inflation. In May, consumer prices rose at more than a 4 percent annual pace, and inflation has been heating up the last several months.

Posted June 17, 2014

Russia is pushing into the Ukraine and threatening Eastern Europe, China is bullying Japan, the Philippines and Vietnam in the East and South China seas, and terrorist groups in the Middle East and Africa can be displaced in one place only to multiply and create more lethal threats in others.

Posted June 15, 2014

Peter Morici is a professor at the University of Maryland Smith School of Business, former Chief Economist at the U.S. International Trade Commission, and five-time winner of the MarketWatch best forecaster award.

Posted June 14, 2014

Certainly, young people should take responsibility for their lives, but parents, educators and politicians all share some blame for their troubles.

TOWNHALL FINANCE DAILY

Get the best of Townhall Finance Daily delivered straight to your inbox

Follow Townhall Finance!