Peter Morici

Latest News

Up Next: A Double Whammy of High Unemployment and Inflation

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. Jul 16, 2014 7:53 AM PT

Washington Debauchery and the Fed Folly

Federal Reserve Chairwoman Janet 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. Jul 14, 2014 7:18 AM PT

Even at Record Levels, Stocks Have Plenty More Room to Rise

Stocks may be trading near record levels, but the bull market still has plenty of room to run. Changes in technology and the economy that permit businesses to use capital far more efficiently will likely drive equities much higher. Jul 11, 2014 12:49 PM PT

Even at Record Levels, Stocks Have Plenty More Room to Rise

Stocks may be trading near record levels, but the bull market still has plenty of room to run. Changes in technology and the economy that permit businesses to use capital far more efficiently will likely drive equities much higher. Jul 11, 2014 12:00 PM PT

Jobs Growth Improves but Hardly Enough

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. Jul 3, 2014 9:16 AM PT

Washington’s Bad Policies Stunt Jobs Growth

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. Jul 2, 2014 11:30 AM PT

Washington’s Bad Policies Stunt Jobs Growth

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. Jul 2, 2014 6:44 AM PT

Five Tough Facts About Inflation and Fed Policy

Inflation is soaring, and the Federal Reserve is looking away. It has printed trillions of dollars to save big banks from their financial crisis debauchery and to keep interest rates low to spur economic recovery, but those have not improved the lot of ordinary Americans. Jul 1, 2014 8:12 AM PT

Five Things to Know About Inflation Heating Up

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. Jun 17, 2014 7:38 AM PT

A Strong Foreign Policy Requires a Strong Economy, Credible Military

In a major address at West Point, President Obama once again sought to articulate a foreign policy that places greater emphasis on diplomacy, economic leverage, and recourse to international law. Facing crises, “U.S. military action cannot be the only--or even primary--component of our leadership,” he said. All this assumes that the U.S. has a strong economy that can deliver opportunities to nations that cooperate and withhold benefits from those that do not. May 30, 2014 7:11 AM PT

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