Chan Economics LLC, Public Speaker
Chief Global Economist & Public Speaker JPM Chase ('94-'19).
Senior Economist Barclays ('91-'94)
Economist, NY Federal Reserve ('89-'91)
Econ. Prof. (Univ. of Dayton, '86-'89)
How the U.S. Can Boost Oil Production and Lower Gasoline Prices?
An increase in oil output would be supported by some climate change advocates if it is temporary until the United States transitions to renewable energy sources. In contrast, some support increased energy production to help ensure the United States recaptures its energy independence status.
Message to All Our Nurses Representing an Important Group of Unsung Heroes
My mother always told me that no good deed ever goes unpunished. She would utter those words often to remind me of all the times she went out of her way to do nice things for me when my behavior was less than stellar towards her. Today, this adage is even more appropriate as it pertains to our "hometown hero nurses," that go unnoticed for all they do!
Is U.S. Inflation, Public Enemy Number One?
The U.S. Federal Reserve has made it clear that inflation has moved front and center into its radar screen. That means that just as workers were beginning to enjoy some real pricing power, it will move to dampen growth in the economy to relieve upward inflation pressures. Financial markets also joined the fray as the 2-Year U.S. Treasury Yield popped to 1.48% signaling six 25 basis point hikes in short-term rates by the U.S. Federal Reserve minutes after the CPI report was released on Feb. 10, 2022!
The Reincarnation of Modern Supply-Side Economics
The administration has recently decided to rebrand its Build Back Better legislative plan and recently have given it intellectual support by saying that it is justified by calling it, Modern Supply-Side Economics," (MSSE).
If You Want to Hedge Against the Surge in Residential Housing Prices
For most families, purchasing a home represents one of the most significant investments they will ever make during their lifetime! A recent estimate released by Financialsamuri.com (January 6, 2022) reveals that a typical homeowner family has 70% of their net worth invested in a primary residence. After experiencing countless bidding wars, and a surge in housing prices, some homeowners/prospective buyers have become worried that prices could collapse and leave them with a case of buyer’s remorse.
A Quick Review of U.S. (December 2021) Employment Report and the Main Reason U.S. Real GDP Growth Will Slow In 2022?
Generating faster economic growth requires the presence of spare capacity. In contrast, tight labor markets signal firms will face challenges compared to when the U.S. Unemployment Rate stood at 14.8% April 2020).
Taking Stock of My 2022 New Year's Resolution
We all go around swearing that our lives are too complicated to manage. And, while most of us will readily concede that our rollercoaster lives are running amok, we remain convinced that there is little we can do about it!
Staying is Always Preferable To Leaving
Most of us will lose a loved one at some point in our lives. For some, it happens early, while for others, it occurs later. Not surprisingly, the number of unanswered questions after a loved one dies is often inversely related to the ages of the survivors.