US financial outlook worsens immediately after jobs report

Written by Blog Editor. Posted in General

US economic outlook worsens after jobs report
Mounting troubles in Europe and elsewhere have heightened economists' concerns. "The latest economic data have been decisively disappointing," Michael Feroli, an economist at JPMorgan Chase, wrote in a client note. JPMorgan Chase sharply reduced its …
Read more on BusinessWeek

Former WB economist returns to teaching
BEIJING, June 6 (Xinhua) — Justin Yifu Lin, who served a four-year tenure as World Bank chief economist and senior vice president, will soon return to work at Peking University, one of China's top academic institutions, according to the university.
Read more on Xinhua

Mitt Romney presidency would raise the odds of a recession, economist says
June 5 (Bloomberg) — Nobel Prize-winning economist Joseph Stiglitz said the election of Mitt Romney as president in November would “significantly” raise the odds of a recession because it would herald a shift to a much tighter budget.
Read more on Washington Post

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