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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.

The debt ceiling and why we should kill it: 5 questions answered

Jul 21, 2019 12:15 pm UTC| Insights & Views Economy

Editors note: The U.S. government maxed out its national credit card in March and has been moving money around ever since to avoid running out of cash. Very soon the Treasury Department will reach the limits of this...

The US economy likely just entered its longest ever expansion – here's who benefited in 3 charts

Jul 03, 2019 21:07 pm UTC| Insights & Views Economy

The U.S. economy likely surpassed an important milestone last month: Americans are now experiencing the longest economic expansion in the nations history, assuming the data still being collected bears this out. This is...

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...

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Economy

Russian manufacturing decelerates in July, economy likely to grow 1.5 pct in 2019

Russias manufacturing fell back into decline in July after displaying signs of rebound, reflecting a lower oil price and generally falling demand conditions throughout the EMEA region and euro area. On a sequential basis,...

U.S. Treasury yields slightly recover on stabilising risk sentiments overnight; uncertainties still hover

The U.S. Treasury yields recovered during Fridays afternoon session as risk sentiments started to stabilize overnight, following comments from President Donald Trump that a call with China is scheduled around the corner...

UK 2-10Y gilt yield inversion raises further concerns on global growth outlook, dragged by lower U.S. yields

The United Kingdoms 2-10Y gilt yields inverted during European trading hours Friday, intrigued by the global growth concerns and uncertainties over U.S.-China trade relations, although President Trump said that he has a...

Persistent trade-tensions likely to cap the upside on overall investment activity in Malaysia, says ANZ Research

Persistent trade-tensions and subdued demand for technology products to cap the upside on overall investment activity from re-negotiated public projects in Malaysia, according to the latest report from ANZ...

Singapore’s NODX falls less than market expectations; outlook soft for remaining year, says OCBC Bank

Singapores non-oil domestic exports (NODX) for the month of July declined 11.2 percent y/y (+3.7 percent m/m sa), slightly better than OCBC Banks forecast for -15.2 percent y/y (+3.4 percent m/m sa), according to the...

Politics

Donald Trump loves that Melania Trump agrees with him about the prenup

The marriage of United States President Donald Trump and First Lady Melania Trump is possibly one of the most followed subjects in the media today. Since Mr. Trump is known for being a wealthy man, many might be wondering...

Prototype of a nuclear missile that Vladimir Putin bragged about allegedly failed

This month marks the 20-year milestone of Russian President Vladimir Putins political career. However, it has been marred with a series of pro-democracy protests in Moscow as well as the death of five scientists from a...

To restore trust in government, we need to reinvent how the public service works

Around the world, the most informed and effective public servants are changing the way they develop policy and services. Australian public servants are eager to do the same, but their leaders are not supporting them to do...

Woody Harrelson attests just how much Donald Trump loves talking

President Donald Trump has been a well-known man in the business and entertainment industry, even before he started pursuing his political endeavors. Meanwhile, First Lady Melania Trump was a fashion model when she met her...

Could Boris Johnson really force through a no-deal Brexit in the middle of an election? A constitutional lawyer weighs in

The temperature has been rising over Brexit. Dominic Cummings, the UK prime ministers special adviser, has indicated that even if the government loses an autumn confidence vote and must ultimately call a general election,...

Science

Cryptic genetic variation: the hidden changes in your DNA that could produce new diseases

Rarely has our environment changed so quickly. On top of climate change, were exposing ourselves to air pollutants, microplastics and unprecedented levels of fat, salt and sugar in our food. Environmental change is one...

Lab studies suggest medicinal plants can help repair human bone and tissue

Theres been a rise in recent years of biomedical engineering techniques that can restore lost tissue and bone. If youve been in a car crash, for instance, there are ways to restore or repair the lost body part or damaged...

Environmental destruction is a war crime, but it's almost impossible to fall foul of the laws

An open letter from 24 scientists published in Nature last month calls on governments to draft a new Geneva Convention dedicated to protecting the environment during armed conflict. This inspired a number of headlines...

HIV/AIDS deaths drop despite lack of complete cure

The HIV and AIDS epidemic has been a global challenge for decades. Unfortunately, a complete cure that would kill HIV and AIDS from a patients body is still unavailable. But that does not mean there is no other way to...

Donald Trump’s cancer cure promise still needs proof

Scientists around the world have reported strides in developing more advanced treatments for cancer while the complete cure is still unavailable. Illnesses like cancer are some of the major concerns for many households,...

Technology

South Korea’s generous incentives might boost Tesla Model 3’s sales

Tesla has become a household name in North America, especially in the United States, where more and more consumers are choosing to get electric vehicles that can drive itself. This year, the company is seeing major...

The Last of Us Part 2 release date: Sequel to be featured in next State of Play in November, leaker claims

As Sony and Naughty Dog maintains their silence about The Last of Us Part 2, the rumor mill has done the opposite. The latest whispers making its round on the web claim that the sequel will not be releasing in February as...

Developers are still mum on 'The Sims 5' development 5 years since 'TS4' launch

EA and Maxis have been silent about the future of the The Sims franchise. So it is understandable if some gaming fans are a little worried that they might not see The Sims 5 happen. However, there are various reasons ...

‘Final Fantasy 8: Remaster’ release date: Physical edition surfaces after online retailer made it available for pre-order

Final Fantasy 8: Remaster will be coming out a few months from now and hardcore fans of the franchise and new blood alike are expected to dip their hands on the title. The game has plenty of rollercoaster moments...

‘Clash Royale’ introduces beach theme for its second season

Clash Royale Season 2 is now in full swing, and the player base is busy grinding it out to acquire all the new skins, emotes, and rewards that SuperCell has added this time around. The second season has adopted a beach...

Digital Currency

Cryptocurrency Derivatives Series: Intricacies of Bitcoin ETFs – A Catalyst Of Bullish Prospect

Crypto Technicals: Major Cryptocurrency Support Resistance Levels

Crypto Technicals: BCH/USD bounces off 200-DMA support, breach below required for downside continuation

Law

New laws give victims more time to report rape or sexual assault – even Jeffrey Epstein's

Canada's marginal 'Christian right'

Dutton directive gives journalists more breathing space, but not whistleblowers

Life

Queenslanders are among our heaviest drinkers on nights out, and changing that culture is a challenge

The past stinks: a brief history of smells and social spaces

If you have a low ATAR, you could earn more doing a VET course than a uni degree – if you're a man

Nature

Animals will struggle to adapt fast enough to cope with climate change, study finds

Sharks: one in four habitats in remote open ocean threatened by longline fishing

2,000 years of records show it's getting hotter, faster

Sports

Bradley Beal being followed by Jimmy Butler social media sparks trade rumors that are highly unlikely

Errol Spence Jr responds to Timothy Bradley’s accusation that he’s ducking Terrence Crawford

Neymar transfer becoming unlikely as PSG rejects multiple offers for the talented forward

Technical Analysis

FxWirePro: US Dollar index Daily Outlook

FxWirePro: FTSE100 downside capped by 61.8% fib, good to buy on dips

USDCHF trades above 0.9800 level, jump till 0.9900 likely

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Market Data

Market-moving news and views, 24 hours a day >

J.P. MORGAN: 2M GBPAUD - EURGBP V OL SPREAD; P/L: -0.8 VOL

J.P. MORGAN: BUY A 76.63 STRIKE 2Y EUR PUT /INR CALL (SPOT REF. 76.94); P/L: -16 BP EUR

J.P. MORGAN: BUY USD 33.33MIO EACH OF 7.05 STRIKE USD/CNH CALL, 31.70 STRIKE USD/TWD CALL AND 1215 STRIKE USD/KRW CALL V S. SELL USD 75MIO OF 70.50 STRIKE USD/INR CALL; P/L : -53 BP USD

J.P. MORGAN: BUY A 6M NZDJPY BEAR PUT SPREAD (35D/15D STRIKES) (SPOT REF.: 70.8466); P/L: 0.49%

J.P. MORGAN: BUY A 2M GBP/USD BEAR (1.1950-1.15) PUT SPREAD (30D/10D) (SPOT REF: 1.2152); P/L: 0.07%

J.P. MORGAN: LONG 6M USD/JPY ATM/25 DELTA PUT SPREAD V S SHORT AUD/USD ATM/30 DELTA CALL SPREAD -; P/L: 26 BP USD

J.P. MORGAN: WE ADD SHORT 2M2M XAU/USD FVA VS LONG 2M $1,600/OZ STRIKE ONE-TOUCH CALL, AT NOTIONALS SIZED AS 100K V EGA FVA V S 1-MIO OF PAY OUT ON OT; P/L: -0.5 VOL

J.P. MORGAN: OPENED A SHORT 2M EUR CALL/USD PUT – SHORT 2M USD CALL/INR PUT – LONG EUR CALL/INR PUT CORRELATION TRIANGLE; P/L: 57 BP USD

J.P. MORGAN: BUY 3M USD/CLP 682 STRIKE - USD/SGD 31.40 STRIKE, NOT DELTA-HEDGED; P/L: 1 BP USD

J.P. MORGAN: SHORT 3M 25D USD/BRL STRANGLE VS LONG 12M STRADDLE, DELTA-HEDGED, EQUAL VEGA; P/L: -0.3 VOL

J.P. MORGAN: 2M GBPAUD - EURGBP VOL SPREAD; P/L: -0.4 VOL

J.P. MORGAN: BUY A 6M NZDJPY BEAR PUT SPREAD (35D/15D STRIKES) (SPOT REF.: 70.8466); P/L: -0.56%

J.P. MORGAN: BUY 1M NOK/SEK CALL (STRIKE = 1.0980). SELL 2M NOK/SEK PUT (STRIKE = 1.08). PAID 5.9BP. SPOT REF: 1.0960; P/L: 0.03%

ALERT: ECONOBRIEF WILL NOT BE PUBLISHED ON 4TH JULY, 2019 AS U.S. MARKETS REMAIN CLOSED ON ACCOUNT OF INDEPENDENCE DAY

U.S. 30-YEAR TREASURY BONDS RISE 1 POINT IN PRICE, 30-YEAR YIELD LAST AT 2.512%

FED'S MESTER - A FURTHER DECLINE IN INFLATION WOULD BE PROBLEMATIC

PUTIN TO MEET HIS DEFENCE MINISTER VERY SOON - TASS QUOTES KREMLIN

EU SUMMIT CHAIRMAN TUSK SAYS DEAL ON TOP JOBS GETTING CLOSER ANDCLSOER

S.AFRICA'S FTSE/JSE TOP 40 CLOSED AT 52,134.95, DOWN -0.63%

PORTUGAL’S PSI20 DOWN 0.76 PERCENT AT 5,149.16 POINTS

Steven Pressman

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