The global economy faces three possible supply shocks that would plunge it into recession. Worse,
Rex NuttingThe Fed can’t rescue us from the coming global supply-shock recession, writes @Nouriel Roubini. Permanent reductions in supply are stagflationary, and can't be countered by monetary or fiscal policy.
The 35-day partial government shutdown helped triggered a sharp drop in consumer confidence in January and signaled growing worries about the future, a fresh survey shows, though optimism has typically rebounded after similar episodes in the past.
Rex NuttingConsumers' expectations have plunged in the past two months, the largest drop since the Great Recession. But by all means, remain calm. It's probably nothing, because this is the best of all possible worlds. @jbartash
Big tech and pharmaceutical companies have been pouring billions of dollars into research and development this year, driving up private-sector investments in intellectual property at the fastest pace in 12 years.