Outlook for America’s top CEOs dims again on trade war concerns- CNBC--12.11.19
The Business Roundtable says in its first forecast for 2020 that members see just 2.1% growth in the next year. The downgrade in economic projections represents the Business Roundtable's 7th straight cut to its U.S. forecast.
Read the FOMC’s December statement- Market Watch--12.11.19
The FOMC has decided to maintain the target range for the federal funds rate at 1-1/2 to 1-3/4 percent. The FOMC also plan to continue to monitor the economic outlook, including global developments and muted inflation pressures.
Global Debt Is Reaching ‘Mind-Boggling’ Levels- The Trumpet--12.9.19
Global debt is rising while growth from spending in diminishing, according to a report from the Institute of International Finance. Global debt is at "mid-boggling" levels and another global financial crisis, worse than 2008, could be approaching.
The Next Recession May Come By Stealth - Forbes--12.8.19
Developed world economies have been seriously weakened by prolonged zero interest rates, making them vulnerable to unexpected shocks. Against this backdrop, any number of missteps could trigger chain reactions to push world economies into recession.
Less than half of mid-size American businesses expect sales and profits to rise next year: survey- Market Watch--12.4.19
Its not just major companies that are feeling the effects of the U.S.-China trade war. Less than half mid-size American businesses expect their sales and profits to increase next year.
Private payrolls growth tumbles in November as jobs market is ‘losing its shine’- CNBC--12.4.19
Private payrolls increased by just 67,000 in November, according to ADP and Moody's Analytics. This number was well below estimates of 150,000 and is the slowest growth since May.
A key manufacturing index shows the US remains in contraction territory- CNBC--12.2.19
The ISM Manufacturing Index registered 48.1 in November, down from 48.3 in October. Particular weakness came in inventories and new orders, while employment also showed reduced expectations.
The stock market could get cut in half next year, warns hedge-fund manager- Market Watch--12.2.19
One Wall Street expert said the fate of the bull market hangs on what happens in the upcoming 2020 presidential election. According to Steven Gisumal, "If a socialist is elected.... the market would sell off."
Fed economists warn of ‘economic ruin’ if Modern Monetary Theory policies are ever adopted- CNBC--11.25.19
St. Louis Fed economists warn of potential "economic ruin" if Modern Monetary Theory is adopted. The economists warn that countries that have gotten into trouble and looked to central banks to bail them out haven't fared well.
Landslide victory for Hong Kong pro-democracy parties in de facto protest referendum- CNN--11.25.19
Pro-democracy candidates appear to have made major gains in Hong Kong's district council elections. With more than 95% of constituencies declared, pro-democracy candidates appeared to have won a landslide victory.
World’s Rich Are Rattled and Seeking Old-Fashioned Security- Yahoo! Finance--11.20.19
From London to Switzerland to parts of the U.S., the rich are looking to store precious metals, cash and cryptocurrency. Some people are concerned about the possibility of a global recession while others are avoiding bank deposits as negative interest rates force lenders to charge for holding cash.
Trump threatens higher tariffs if China doesn’t make a trade deal- CNBC--11.19.19
President Donald Trump has threatened higher tariffs on Chinese goods if the country does not make a deal on trade. The comments come during a meeting with the Cabinet on Tuesday.
Fed’s Williams says economy clearly facing several challenges- Market Watch--11.19.19
The U.S. economy is facing several challenges, primarily from overseas. The U.S. economy is facing headwinds from slower global growth, uncertainty from trade policies and muted inflation pressures, according to New York Fed President John Williams.
Trump Says Discussed "Negative Rates" In Unscheduled Monday Meeting With Chair Powell- Zero Hedge--11.18.19
The Fed has announced that Fed Chair Powell met with President Trump and Mnuchin at the White House "to discuss the economy, growth, employment and inflation."
Mood in Beijing about trade deal is pessimistic, government source says- CNBC--11.18.19
Chinese officials were troubled by Trump's comment that there was no agreement on phasing out tariffs, according to a government source. Meanwhile, China is carefully watching the political situation in the U.S.
Middle-income Americans are increasingly ‘financially vulnerable,’ despite strong economy and low unemployment- Market Watch--11.14.19
According to a new report, most Americans are struggling with at least some part of their finances. According to the report, around 17% of Americans are "financially vulnerable."
Americans now have a record $14 trillion in debt- CNN Business--11.13.19
U.S. households are now sitting on a record $14 trillion in debt. Household debt climbed 0.7% during the third quarter and is now about $1.3 trillion higher than the previous peak set in 2008.
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