Peter Morici is a professor at the Smith School of Business, University of Maryland, and former Chief Economist at the U.S. International Trade Commission.
CNBC U.S. Television
Peter Morici
Professor, Smith School of Business, University of Maryland
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Cyprus would be better off to leave the euro than accept the terms of the bailout imposed by the European Union, International Monetary Fund and European Central Bank.
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With the Dow setting new records, it is important to recognize current stock prices are hardly extraordinary, says this economist.
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The President has spent the last several weeks painting a picture of economic Armageddon if he doesn't get his way and Republicans are betting Mr. Obama is overstating his case.
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Peter Morici argues Obama wants a painful crisis to push the GOP into accepting higher taxes or losing at the polls.
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It's time for the Fed to do less to prop up the recovery and jobs creation, argues this academic.
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It's bad, but as this economist explains, it would have been a lot worse if thousands of Americans had not just given up.
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This academic says weak conditions abroad and flagging U.S. competitiveness caused exports to contract and businesses anticipating a further slowdown slashed inventories.
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President Obama has declared the U.S. must respond to the threat of climate change; however, his plan will likely hasten the pace of global warming according to this academic.
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This academic says if the United States were any other country, its bonds would have long ago been downgraded to junk.
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US businesses bear higher costs than foreign competitors and so are reluctant to hire in the United States, Peter Morici argues.
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