There has been a debate in the United States regarding China’s possible sale of the $1.4 trillion in Treasury bonds it has lent to the United States. This debate has become more relevant recently in the light of the United States’ repeated troubles in formulating its federal government budget and reducing its total government debt, […]
Author Archive | Shawkat.Hammoudeh
It has become obvious to oil observers over the years that the oil landscape is not a constant, and it keeps changing because of diverse reasons. Many of us remember the quadrupling of oil prices in the early 1970s in reaction to an oil embargo that lasted for several months and the more than doubling […]
Summer is here, and this season’s travel is in an advanced planning stage if not already underway. I used to travel from New York to Amman, Jordan, and vice versa for my annual vacation almost every year. Now I cannot do that, and I have to spend some summers in Philadelphia away from my other […]
Shinzo Abe was first elected prime minister of Japan in September 2006. He showed commitment to fiscal policy reforms, including a balanced budget, but failed to improve the economy. With a popularity rating below 30 percent, he was forced to resign in 2007, having served for less than a year. Between 2007 and 2012, the […]
The current debate regarding the U.S. economy revolves around the recent hike in interest rates as represented by the 10-year Treasury bond rate. This rate had spent most of the last four years dancing below 1.85 percent, which is considered very low by historical standards. Suddenly, this rate has risen to over 2 percent since […]
In the United States, the president must get the approval of Congress to raise the public debt limit every time government spending reaches the imposed limit. If Congress and the president do not reach an agreement, the credit rating agencies then consider the government to be in default. Thus, if the debt ceiling is not […]
A question that puzzles many people in the United States is how companies can make good profits while the American economy is virtually in a slump. This question is relevant because it has significant bearing on rising income inequality and the changing role of education and skills, which has been a hot issue for those […]
The driving season in the United States, which seasonally pushes gasoline prices higher, is long behind us, but the average national price for gasoline on Oct. 1 in this country was $3.80, which is the highest on record for this time of year. It also seems that there is no important drop in this price […]
Quantitative easing is an emergency monetary policy used during recessions. The Federal Reserve plans to buy $40 billion every month in mortgage-backed securities in the open-ended QE3 until the labor market improves significantly. QE3 is the third round of buying long-term bonds that the Fed will be using to target unemployment, which is a very […]
Shawkat Hammoudeh Greece has been a hot topic recently, and it needs a detailed plan on how it can orderly exit the eurozone. The plan includes elements that should minimize the risk to Europe and the global and American financial systems if a thoughtful exit is considered. The plan contains these rules to govern […]
Shawkat Hammoudeh Morgan Stanley Capital International (MSCI) classifies the world’s stock markets into frontier, emerging and developed markets, depending on the depth and breadth of those markets. The Gulf Cooperation Council countries of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates are classified as frontier markets. Many of these markets do […]
Shawkat Hammoudeh My correspondences with my European co-authors during the last two months have concentrated on whether Greece, Portugal and Spain should stay within the Eurozone or overthrow the euro regime for good. My European correspondents have underscored the major change that has taken place in Europeans’ preferences toward shifting away from the euro […]
Shawkat Hammoudeh Fears of a developing sovereign debt crisis in Europe started in late 2009, but the situation became particularly tense in early 2010. Crisis Europe included eurozone members (Greece, Ireland and Portugal) and also some European Union countries from outside the eurozone. In the EU, particularly in countries where sovereign debts have increased […]
Shawkat Hammoudeh The United States suffered from a financial crisis in 2008 that spread to the real economy and became a global crisis. Research has shown that economies that suffer a recession brought out by a financial crisis will have a lengthier period to get out of the slump and longer time for the ensuing […]
Shawkat Hammoudeh Jordan and Morocco are strong political allies of the Gulf Cooperation Council and have benefited economically from this strong mutual relationship. Any additional benefits of joining formally an enlarged GCC bloc by such candidates are not expected to be large. These countries expediently pass the political test, but there are other economic countries […]
Shawkat Hammoudeh Contributing Professor firstname.lastname@example.org It will take several years before the Arab revolutions successfully build free and democratic societies. The ultimate post-revolutions stage will be the gradual unification of those societies in larger and more respectful states. The revolutionary tide will go into multiple phases and this is just the start of Phase I. […]
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