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Keyword: recession

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  • The Coming Crash of the Government Debt Bubble

    11/26/2019 10:35:26 PM PST · by Crucial · 31 replies
    Red State ^ | 08-25-2017 | Patterico
    Yesterday, in my post about the latest jobs report, I said that “our massive looming government debt bubble” will “precipitate the biggest economic disaster of them all.” A commenter here at RedState asked what I meant by a “government debt bubble.” I have talked about this before, but it is an important enough topic that it is worth revisiting. In short, we’re in a bus speeding towards a cliff. We’re probably already past the point of no return. The bus is going over the side. It’s not a matter of if, but a matter of when. About the only thing...
  • The World Is Your Oyster But the Irritants Form the Pearls

    11/06/2019 2:34:50 PM PST · by NOBO2012 · 6 replies
    MOTUS A.D. ^ | 11-6-19 | MOTUS
    Despite being “better educated” than Boomers… Thirty-nine percent of millennials have a bachelor’s degree or higher, compared to about a quarter of baby boomers when they were the same age. Millennials find themselves falling behind in the Game of Life. That seems, well, unfair. But nevertheless, there it is. Millennials are earning 20% less than baby boomers at the same age — despite being better educated, a new study has found.Research published in a report by the nonprofit New America found that the Great Recession, which began in 2007, was largely to blame in the generational wealth divide.Lack of...
  • Robert Shiller: Recession Likely Years Away Due To Bullish Trump effect

    10/20/2019 4:56:40 PM PDT · by Kenny Bania · 17 replies
    CNBC ^ | October 20, 2019 | Stephanie Landsman
    Nobel-prize winning economist Robert Shiller believes a recession may be years away due to a bullish Trump effect in the market. According to the Yale University professor, President Donald Trump is creating an environment that’s conducive to strong consumer spending, and it’s a major force that should hold off a recession. Before the markets can take-off, Shiller stresses President Trump needs to get past the impeachment inquiry. He sees this as the biggest threat to his optimistic forecast. Yet, he’s sticking with the idea that the economy and markets should have a lot of runway left for gains if President...
  • JPMorgan Chase CEO Jamie Dimon warns ‘there’s a recession ahead’

    10/15/2019 2:53:21 PM PDT · by ChicagoConservative27 · 41 replies
    nypost ^ | 10/15/2019 | Kevin Dugan
    JPMorgan Chase CEO Jamie Dimon warned on Tuesday that a recession is on the horizon thanks to the continuing trade tensions with China. “Of course there’s a recession ahead,” Dimon said during a morning call with reporters after the bank announced its third-quarter earnings. “It does look like geopolitics, particularly around China and trade, are reducing business confidence and business capital expenditure,” Dimon added. On Tuesday afternoon, however, JPMorgan Chase spokesman Joe Evangelisti sought to downplay Dimon’s comments, noting that his boss didn’t mention the timing of his prediction.
  • Bloomberg on Recession Fears: 'U.S. Indicators Are Trouncing Forecasts'

    09/24/2019 10:17:50 AM PDT · by PJ-Comix · 3 replies
    Newsbusters ^ | September 24, 2019 | P.J. Gladnick
    Remember all the (hopeful) recession talk recently by many in the mainstream media who found it hard to hide their desire for bad economic times to harm President Donald Trump's 2020 re-election? Some, such as Bill Maher didn't even try to hide their hope for a recession. In fact Maher was publicly hoping for such a recession to stop Trump.  Well, sad news for them but very happy news for most others. Bloomberg on September 20 reported that such dire economic hype is not born out by the economic data in "Hold That Recession: U.S. Indicators Are Trouncing Forecasts" by Jeff Kearns and Steve Matthews.
  • This CNBC Survey Points To Trump 2020 Victory, No Recession

    09/13/2019 6:57:33 AM PDT · by 2ndDivisionVet · 8 replies
    Benzinga ^ | September 13, 2019 | Jayson Derrick
    U.S. President Donald Trump is likely to emerge victorious in the 2020 presidential election, according to a CNBC survey of 62 chief financial officers. The CNBC Global CFO Council consists of companies that combine for a valuation north of $5 trillion and more than two-thirds of those surveyed believe Trump will defeat the yet to be named Democratic nominee. Only one-quarter of respondents say ex-Vice President Joe Biden could beat Trump if he is nominated. Economic Health Respondents classified the health of the U.S. economy as "improving" in the second quarter and the latest survey showed an upgrade to "stable."...
  • Trump approval drops by 6 points, majority say recession likely: POLL

    09/10/2019 9:48:48 AM PDT · by SeekAndFind · 65 replies
    ABC News ^ | 09/10/2019 | Gary Langer
    Six in 10 Americans say a recession is likely in the next year and as many are concerned about higher prices because of the trade war with China, helping to knock 6 points off President Donald Trump’s job approval rating in the latest ABC News/Washington Post poll. Trump fell from a career-high 44% approval in July to 38% now, a point off his career average, with 56% disapproving. His average rating since taking office remains the lowest on record for any modern president at a comparable point in his term, and he is the first never to have achieved majority...
  • Don’t fear a recession — the economy is looking solid and stable

    09/09/2019 11:36:59 AM PDT · by SeekAndFind · 9 replies
    New York Post ^ | 09/09/2019 | Jonathan Trugman
    One of the hardest things to understand about the current economy is that we are in a good, solid place — but not a perfect one. Last week’s jobs report was a touch light on the number of jobs added, but average hourly earnings were up nicely — and, besides, August tends to be a bit of a squirrely month anyway. This economy can best be summed up by a classic childhood fairy tale: “Goldilocks and the Three Bears.” The growth is exactly the way Goldilocks prefers her porridge: not too hot, not too cold, but “just right.” While the...
  • CNBC’s Jim Cramer: ‘I Think the Only People Talking About a Recession Is Us’

    09/05/2019 3:51:29 PM PDT · by Hojczyk · 37 replies
    Breitbart ^ | Sept. 5,2019 | JEFF POOR
    Thursday on CNBC’s “Squawk Box,” network host Jim Cramer argued the U.S. economy gave it leverage over China in the trade dispute between the two nations. Cramer told host Joe Kernan that the only ones talking about a recession as a result of the trade war with the Chinese were them in the media. “I think President Trump is set in his ways because he doesn’t see any weakening,” Cramer said. “I mean, look at the jobless report today. I mean, someone earlier said manufacturing was in recession. Well, manufacturing has been in recession in this country for ages. What...
  • Boom: Despite Media's Recession Chatter, US Economic Confidence Soars to 19-Year High

    08/28/2019 8:20:41 AM PDT · by SeekAndFind · 18 replies
    Townhall ^ | 08/28/2019 | Guy Benson
    Over the last few weeks, we've been exploring the competing narratives about the US economy -- with the White House insisting that all is well, as many in the media hype up the possibility of a coming recession.  My general conclusion at this point has been that while there are some soft spots and genuine warning signs, the economy's fundamentals remain quite strong.  Unemployment has been quite low, the job market has been quite robust, and wage growth has broken free from years of frustrating stagnation.  We also recently received positive news on other indicators, including productivity, retail sales, and...
  • 34% of economists expect a recession in 2021; Only 2% expect it in 2019

    08/27/2019 9:51:09 AM PDT · by SeekAndFind · 21 replies
    CBS News ^ | 08/27/2019
    A growing share of U.S. business economists think a recession is unlikely before 2021. In a report on Monday, 38% of economists surveyed by the National Association for Business Economics said they believe a slowing economy will tip into recession in 2020. That's down from 42% in a survey taken in February. Only 2% of those polled expect a recession to begin this year, while roughly a third of respondents foresee one hitting in 2021. One reason fewer economists expect a recession next year—the Federal Reserve's move last month to dial back interest rates for the first time since 2008....
  • What economic recession? Paul Krugman and co. have been chanting recession since 11/2016

    08/27/2019 9:47:59 AM PDT · by SeekAndFind · 17 replies
    The Hill ^ | 08/27/2019
    From the very moment that Donald Trump won the 2016 election, the media has been chattering incessantly about a major recession that is supposedly just around the corner. As the country awoke to the news of his victory as president, the stock market rocketed upwards, yet liberal economist Paul Krugman inexplicably prophesied in the New York Times that we were probably facing a “global recession” with no end in sight. Less than a week later, he wrote about an impending “Trump slump.” Krugman was not alone. Matt Krantz of USA Today thought a recession was on the way because Trump...
  • Recession? Headlines in Search of a Story: MSM Refusing to take economy’s soundness for an answer

    08/26/2019 10:09:35 AM PDT · by SeekAndFind · 17 replies
    The American Spectator ^ | 08/26/2019 | J.T. Young
    Recent breathless headlines of impending recession exposed the “experts” more than the economy. In attempting to see over the economic horizon, they appeared more to be seeking to see past this administration. The economy remains sound, even as attempts to discredit become less so. On August 19, the Washington Post’s first sentence summed up its one-dimensional angle on the National Association for Business Economics’ August survey: “Most economists believe the United States will tip into recession by 2021, a new survey shows, despite White House insistence the economy is sound.” So it went, with most establishment news outlets bent on...
  • Bank of America’s CEO has one simple reason why he doesn’t see a recession looming

    08/25/2019 7:57:54 PM PDT · by lasereye · 6 replies
    Marketwatch ^ | Aug. 24, 2019 | Mark Decambre
    Bank of America Corp.’s CEO Brian Moynihan says he doesn’t see a recession in the offing because the U.S. consumer remains healthy. . . . “Look, when the yield curve moved around the pundit-ocracy got going, saying, ‘Here, this means a recessions coming,’” Moynihan told CNBC. However, the bank boss said this time the recessionary gauge may be influenced by a global market swirling in some $15 trillion in negative interest rates.
  • The Fed can’t rescue us from the coming supply-shock recession

    08/24/2019 7:14:48 AM PDT · by SeekAndFind · 80 replies
    MarketWatch ^ | 08/24/2019 | Nouriel Roubini
    There are three negative supply shocks that could trigger a global recession by 2020. All of them reflect political factors affecting international relations, two involve China, and the United States is at the center of each. Moreover, none of them is amenable to the traditional tools of countercyclical macroeconomic policy. The first potential shock stems from the Sino-American trade and currency war, which escalated earlier this month when President Donald Trump’s administration threatened additional tariffs on Chinese exports, and formally labeled China a currency manipulator. The second concerns the slow-brewing cold war between the U.S. and China over technology. In...
  • Recession by Someday: Say it Loud and Often Enough and it will happen

    08/23/2019 6:53:46 AM PDT · by SeekAndFind · 8 replies
    American Thinker ^ | 08/23/2019 | Jeffrey Folks
    "Thou shalt not bear false witness against thy neighbor." Lies beget other lies, and with them come anger and division. That's what has been happening ever since Donald Trump was elected: false witness against the president. The latest is the charge that Trump's policies will bring economic ruin to the country. He's setting us up for economic Armageddon worse than the Great Depression and all that preceded and followed it. Hard to believe that one man could cause such havoc, but that's the Left's contention. There was talk during the 2016 campaign of an economic meltdown should Trump be elected,...
  • Presidential Candidate John Delaney: Democrats Guilty of ‘Cheering on a Recession’

    08/22/2019 7:49:19 AM PDT · by ChicagoConservative27 · 12 replies
    Breitbart ^ | 08/21/2019 | Joel B Pollak
    Former Rep. John Delaney (D-MD) told the Associated Press in Iowa on Wednesday that fellow Democratic presidential candidates were guilty of “cheering on a recession because they want to stick it to Trump.” Delaney, one of the more moderate candidates, has warned fellow candidates that policies such as “Medicare for All” and decriminalized illegal border crossings are bad for the country and sure to fail in a general election. In the first Democratic presidential primary debate in Miami, Florida, in June, Delaney said: “All of the big transformative things we have ever done in this country’s history have happened when...
  • More media recession-mongering: Desperately searching for scraps of bad economic news

    08/22/2019 6:47:31 AM PDT · by SeekAndFind · 3 replies
    American Thinker ^ | 08/22/2019 | Jack Hellner
    Desperately searching for scraps of bad economic news that could help push the economy into recession, Yahoo News finds one homebuilder in one state, while ignoring the surging market everywhere for previously-owned housing. I read the headline below and almost started to weep because the economy is in such dire straits that luxury home builders are struggling, especially in California. Luxury Homebuilder's Woes Show Mounting U.S. Slowdown Fears Maybe California should raise taxes and increase regulations some more. That will help. Maybe we need a GoFundMe page to raise money for the luxury home builders. Toll Brothers stock is...
  • What Could Sink Trump's Chances in 2020?

    08/22/2019 4:46:21 AM PDT · by Kaslin · 26 replies ^ | August 22, 2019 | Victor Davis Hanson
    What factors usually re-elect or throw out incumbent presidents? The economy counts most. Recessions, or at least chronic economic pessimism, sink incumbents. Presidents Jimmy Carter and George H.W. Bush were tagged with sluggish growth, high unemployment and a sense of perceived stagnation -- and were easily defeated. The 2008 financial crisis likely ended any chance for John McCain to continue eight years of Republican rule. Barack Obama campaigned on the message that incumbent George W. Bush was to blame for the meltdown and that McCain, his potential Republican successor, would be even worse. A once-unpopular incumbent Ronald Reagan fought...
  • Does Germany need a stimulus package to cope with recession?

    08/21/2019 10:01:06 AM PDT · by Olog-hai · 6 replies
    Deutsche Welle ^ | 08.21.2019 | Hardy Graupner
    The news first reported by Bloomberg on the weekend piqued the interest of economists worldwide. German Finance Minister Olaf Scholz, the report said, had for the first time mulled the possibility of putting together an emergency stimulus package to prop up the economy, should a full-blown recession beset the nation. This in itself revealed a fundamental change in thinking and philosophy as for a decade or so Scholz’ predecessor, Wolfgang Schäuble, had been an unwavering supporter of a policy that just wouldn’t accept any fresh borrowing. His balanced budget policy had even made inroads into the German language, with lawmakers...