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Steven Pressman

Steven Pressman

Professor of Economics, Colorado State University

Steven Pressman is Professor of Economics at Colorado State University, in Fort Collins, Colorado and Emeritus Professor of Economics and Finance at Monmouth University in West Long Branch, New Jersey. In addition, he serves as North American Editor of the Review of Political Economy, and as Associate Editor of the Eastern Economic Journal. His main research areas are poverty and income distribution, post-Keynesian macroeconomics, and the history of economic thought. Over the past three decades, Pressman has published more than 150 articles in refereed journals and as book chapters, and has authored or edited 17 books, including Understanding Piketty’s Capital in the 21st Century (Routledge, 2015). A New Guide to Post Keynesian Economics (Routledge, 2001), Alternative Theories of the State (Palgrave Macmillan, 2006), and 50 Major Economists (Routledge, 2013), which has reached its third edition and has been translated into five different languages.He is a frequent contributor to newspapers and regularly appears on TV to discuss economic issues.

Stumped by the stock market slump? Start by picturing a used car dealership

Dec 24, 2018 07:54 am UTC| Insights & Views Business

Stocks have been slumping on a variety of concerns, from President Donald Trumps ongoing trade war with China to worries about an economic slowdown and rising interest rates. Given the many factors driving shares up or...

2 economic policies likely to change with Democrats in control of House

Nov 08, 2018 17:23 pm UTC| Insights & Views Economy

Perhaps the biggest surprise in the midterm elections was that, unlike 2016, there wasnt one. Polls and pundits expected Democrats would take control of the House and Republicans would keep the Senate, and thats exactly...

GOP tax plan doubles down on policies that are crushing the middle class

Dec 20, 2017 18:06 pm UTC| Insights & Views Politics

The U.S. middle class has always had a special mystique. It is the heart of the American dream. A decent income and home, doing better than ones parents, and retiring in comfort are all hallmarks of a middle-class...

Poor and middle-income families need a better way than 529s to save for college

May 27, 2017 02:57 am UTC| Insights & Views Economy

A college education is increasingly necessary for success in todays economy. Its also increasingly expensive. Americans with a college degree earn, on average, US$1 million more over the course of their lives than those...

What France and the UK can teach Trump about reviving America's middle class

May 12, 2017 10:39 am UTC| Insights & Views Politics

Americas middle class is in deep trouble. Signs of its decline are everywhere, from stagnant incomes and falling wealth to soaring household debt and the rise of populist politicians promising a return to the glory...

What Donald Trump's surprise victory means for the economy and business

Nov 09, 2016 19:02 pm UTC| Insights & Views Economy

Editors note: Donald Trump stunned the polls and the pundits to win the 2016 U.S. presidential election. So what will his victory mean for the economy, businesses and financial markets? We asked four of our regular...

1 

Economy

Indonesian imports growth likely to ease this year on lagged impact of Rupiah depreciation, says DBS Economics

Indonesian imports growth is expected to ease through this year compared to last year as lagged impact of Rupiah depreciation will start to take effect, in addition to lower oil price, according to the latest research...

BoK likely to leave key policy rate unchanged next week amid synchronized global slowdown, says Scotiabank

The Bank of Korea (BoK) is expected to leave its benchmark monetary policy rate unchanged at 1.75 percent at its monetary policy meeting on next Thursday amid a synchronized global slowdown and heightened disinflation...

JGBs remain mixed after December national core CPI disappoints investors, November IP improves

The Japanese government bonds remained narrowly mixed Friday after the countrys national consumer price inflation (CPI) data for the month of December disappointed market sentiments and industrial production for November...

Australian bonds sag as U.S.-China trade talks progress; 10-year yield jumps 3bps

Australian government bonds slumped across the curve during Asian trading session Friday as better-than-expected U.S. economic data and progress in U.S.-China trade talks helped investors to move from safe-haven...

Britons locked up in political drama after PM May narrowly survives no-confidence vote; watch what Labour Party does next

The United Kingdoms citizens locked up in a political drama over the countrys divorce deal with the European Union after an array of events puzzled market reactions. Last nights no-confidence vote raised by opposition...

Politics

Melania Trump 2019: FLOTUS Flew to Palm Beach After Donald Trump Canceled Nancy Pelosi’s Afghanistan Visit

Melania Trump has been notably absent in the last few weeks amidst the government shutdown, the longest in U.S. history. But there is precedence to the FLOTUS actions as she behaved similarly last year, although the...

Vladimir Putin Reportedly Backed the Russian’s NRA Infiltration In a Bid to Create Conflicts in the US

Vladimir Putin and his government have repeatedly denied their involvement in the infiltration of the National Rifle Association (NRA) but a U.S. intelligence report showed otherwise. It was said that the Kremlins are...

Donald Trump’s Ratings Plunge as Shutdown Continues; POTUS Reportedly Won’t Negotiate Reopening Government Without Wall Funding

A Rasmussen poll report, on Monday, showed Donald Trumps ratings plunged to its lowest for the past year. A source said the President of the United States is unlikely to negotiate the reopening of the government until his...

Donald Trump Allegedly Furious, Let Out Expletives As Michael Cohen Is Set to Testify Before House Next Month

Donald Trump is allegedly furious after learning that his former lawyer, Michael Cohen, is set to testify before the House committee in February. The hearing would be televised, and the lawyer would be questioned about the...

Jake Tapper Laughed at Mick Mulvaney’s Face for Saying No One Blames Donald Trump for Political Discourse

Mick Mulvaney, Donald Trumps acting chief of staff, was on CNN on Jan. 6 and he was interviewed by John Tapper about the current situation in Washington and about Congresswoman Rashida Tlaibs profanity-filled statements...

Science

When you look up, how far back in time do you see?

Our senses are stuck in the past. Theres a flash of lightning, and then seconds pass until we hear the rumble of distant thunder. We hear the past. We are seeing into the past too. While sound travels about a...

David vs. Goliath: What a tiny electron can tell us about the structure of the universe

What is the shape of an electron? If you recall pictures from your high school science books, the answer seems quite clear: an electron is a small ball of negative charge that is smaller than an atom. This, however, is...

How we're probing the secrets of a giant black hole at our galaxy's centre

Supermassive black holes are giant black holes found at the centre of almost every galaxy. Astronomers recently made the clearest image yet of the supermassive black hole at the heart of our own galaxy using the new...

Dramatic advances in forensics expose the need for genetic data legislation

Many people first became familiar with DNA testing through its use in the OJ Simpson murder trial in 1994. Now, 24 years later, there have been two dramatic advances in the capability of forensic genetics that mark the...

Proteins reveal intricate details about life under the microscope

People have always been fascinated by life. We dream about revealing all its mysteries and are even searching other planets trying to find some forms of life there. Philosophies around the world have tried to define and...

Technology

‘Final Fantasy VII: Remake’ Release Date, Latest News & Update: Developers Rumored to Announce Big Reveal in April

Final Fantasy VII: Remake is still being created within the studio of Square Enix and the developers are remaining mum about when its going to be finished. News about the reimagining is few and far in between given that...

Samsung Galaxy S10 Release Date, Specs: 3 Variants Eyed for 2019 Launch — Including a 5G-Enabled Smartphone

Samsung is rumored to break tradition with the release of the Galaxy S10 series this year. The company is expected to launch, not only two but a total of three variants with one that supports 5G connectivity. The South...

‘Cyberpunk 2077’ Possible Release Date, Latest News & Update: Game Writer Reveals Location That Inspired Night City

Cyberpunk 2077 is not expected to come out this year if the developers previous statements are anything to go by. According to CD Projekt Red CEO Adam Kiciński, their team is hard at work in polishing the game as the...

iOS 12.1.2 Jailbreak Release Date, Latest News & Update: Newly Revealed Exploit Could Lead to Fully-Functioning Jailbreak

Another exploit was found and revealed to the public in less than a month since Apple released the iOS 12.1.2 update. The jailbreaking community is now hoping that the recent discovery would lead to the latest jailbreak...

‘Kingdom Hearts 3’ Release Date, Features: Anti-Spoiler Measure Leads to Post-Launch Release of Epilogue & ‘Secret’ Video

The countdown is on for one of the most awaited video games of 2019, Kingdom Hearts 3. Unfortunately, being exposed to leaked spoilers comes with the territory of being one of the popular titles in the gaming...

Digital Currency

Quest for coders at ‘Hackathon in Barclays Rise Fintech Hub’ focusing on interoperability

Euro Exim Bank tests luck with XRP-driven XRapid for overseas payment transactions

US SEC and ESMA’s narratives for crypto-custodians to improvise on liquidity angsts for BTC ETF approvals

Law

Legalizing once-illicit substances can have a public health impact

Prevent counter-terrorism strategy remains unfair on British Muslims, despite Home Office efforts

Labor promises a comprehensive overhaul of federal environmental framework

Life

Christmas leftovers: how long is it safe to keep them?

You can probably eat more Christmas cookies than you think - just take a look at the calorie guidelines

How to handle the return of a long-lost family member during the holidays

Nature

We discovered more about the honeybee 'wake-up call' — and it could help save them

There aren't plenty of fish in the sea, so let's eat all that we catch

Cargo ships are emitting boatloads of carbon, and nobody wants to take the blame

Sports

Michael Schumacher 2019: Former Manager of Racing Icon Reveals German Driver’s Differing Attitude at Home and on the Grid

Michael Schumacher Latest News & Update: Son Reportedly Signs With Ferrari as Retired F1 Champion Continues Recovery

Anthony Davis Trade: Sports Journalist Offers Three Laker Players in Exchange for Five-Time All-Star

Technical Analysis

FxWirePro: GBP/JPY jumps sharply on strong GBP,jump till 145 likely

FxWirePro: NZD/CAD recovery lacks traction, stay short on below 0.8930

OPEC’s Production Drop Props Up WTI Crude Price Fundamentally, Hammer Technically –FxWirePro’s desirable yields via directional hedging

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2019-01-18 09:04:33
0m
INDIA CENBANK: ALLOTS 51.88 BLN RUPEES AT 3-DAY VARIABLE RATE REVERSE REPO AUCTION ; GETS BIDS WORTH 51.88 BLN RUPEES
2019-01-18 09:04:26
0m
INDIA CENBANK: WEIGHTED AVERAGE RATE AT 6.49 PCT AT 3-DAY VARIABLE RATE REVERSE REPO AUCTION
2019-01-18 09:04:21
0m
INDIA CENTRAL BANK SETS CUT-OFF RATE OF 6.49 PCT AT 3-DAY VARIABLE RATE REVERSE REPO AUCTION
2019-01-18 09:01:25
0m
EUROZONE NOV 2018 CURRENT ACCOUNT SA, EUR DECREASE TO 20.3 EUR VS PREV 26.8 EUR (REVISED FROM 22.993 EUR)
2019-01-18 09:01:06
0m
EUROZONE NOV 2018 CURRENT ACCOUNT NSA,EUR DECREASE TO 23.2 EUR VS PREV 30.4 EUR (REVISED FROM 26.6 EUR)
2019-01-18 09:00:09
0m
EUROZONE NOV 2018 CURRENT ACCOUNT SA, EUR DECREASE TO 20 EUR VS PREV 27 EUR (REVISED FROM 22.993 EUR)
2019-01-18 09:00:08
0m
POLAND DEC 2018 EMPLOYMENT YY DECREASE TO 2.8 % (FCAST 2.8 %) VS PREV 3 %
2019-01-18 09:00:06
0m
POLAND DEC 2018 PPI YY DECREASE TO 2.2 % (FCAST 2.6 %) VS PREV 2.7 %
2019-01-18 09:00:05
0m
POLAND DEC 2018 CORP. SECTOR WAGES YY DECREASE TO 6.1 % (FCAST 7.3 %) VS PREV 7.7 %
2019-01-18 09:00:03
0m
POLAND DEC 2018 INDUSTRIAL OUTPUT YY DECREASE TO 2.8 % (FCAST 5.1 %) VS PREV 4.7 %
2019-01-18 08:32:58
0m
CHINA COMMERCIAL BANKS SELL NET $56.0 BLN IN JAN-DEC - FX REGULATOR
2019-01-18 08:32:49
0m
CHINA COMMERCIAL BANKS SELL NET $7.1 BLN IN DEC VS NET SELL OF $17.9 BLN IN NOV - FX REGULATOR
2019-01-18 08:19:04
0m
UK 10-YEAR GILT YIELDS RISE TO HIGHEST SINCE DEC. 3 AT 1.363 PCT, UP 3 BPS ON DAY
2019-01-18 08:14:28
0m
EUROPE'S STOXX 600 HITS HIGHEST SINCE DEC. 5; NOW UP 0.7 PCT
2019-01-18 08:09:11
0m
HK’S HANG SENG INDEX CLOSES UP 1.3 PCT AT 27,090.81 POINTS
2019-01-18 08:05:11
0m
PORTUGAL’S PSI20 UP 0.54 PERCENT AT 5,056.85 POINTS
2019-01-18 08:03:58
0m
GERMANY'S DAX UP 0.8 PCT
2019-01-18 08:03:20
0m
TURKISH CENTRAL BANK SAYS RECEIVES BIDS OF $1.075 BLN IN FOREX DEPO AUCTION
2019-01-18 08:03:14
0m
TURKISH CENTRAL BANK SAYS ALLOCATES $500 MLN IN FOREX DEPO AUCTION
2019-01-18 08:03:06
0m
TURKISH CENTRAL BANK SAYS OPENS 41 BILLION LIRA REPO AUCTION
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U.S. initial jobless claims fall in mid-January, December employment report likely to be strong

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Economics Monitor

January 18 09:00 UTC Released

EZCurrent Account SA, EUR

Actual

20.3 Bln EUR

Forecast

Previous

22.993 Bln EUR

January 18 09:00 UTC Released

EZCurrent Account NSA,EUR

Actual

23.2 Bln EUR

Forecast

Previous

26.6 Bln EUR

January 31 00:00 UTC 507444507444m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 507444507444m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 519264519264m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 507444507444m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 519264519264m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 507444507444m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 507444507444m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 507444507444m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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