User: newstrust Topic: US Economy
Category: Recession
Last updated: Apr 25 2019 24:11 IST RSS 2.0
 
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This conservative ranking of states’ economies has been wrong about California for 12 straight years 24.4.2019 LA Times: Commentary

If you happened to check out the latest ranking of states for their “economic outlook” published last week by the right-wing political group ALEC, you would be excused for concluding that California is deep in an economic hole and digging itself deeper.

ALEC, the American Legislative Exchange Council,...

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Notorious right-wing economist claims Obama caused the financial crisis — two years before he was elected 16.4.2019 Raw Story

On Monday, right-wing economist Arthur Laffer went on Fox News and warned that if Bernie Sanders is elected president, he would cause a financial crash just like the one Barack Obama caused in 2007 — two years before he took office. “By giving to those who have a little bit less, you provide t...

The post Notorious right-wing economist claims Obama caused the financial crisis — two years before he was elected appeared first on Raw Story.

Stocks slip, putting S&P 500 on pace for its third down day in three weeks 16.4.2019 LA Times: Business

Falling bank stocks pulled U.S. stock indexes down a touch Monday, putting the Standard & Poor’s 500 index on track for just its third daily loss in the last three weeks.

Goldman Sachs dropped to one of the largest losses in the S&P 500 after the bank said it’s off to a “muted start to the year,”...

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Trump’s greedy enablers will reap the whirlwind of America’s inequality crisis: Robert Reich 15.4.2019 Raw Story

Some plain facts and hard truths: The top one percent of Americans own 40 percent of the country’s wealth and 90 percent of its income. This article was originally published at Salon When adjusted for inflation, the average income in the United States has remained approximately the same for th...

The post Trump’s greedy enablers will reap the whirlwind of America’s inequality crisis: Robert Reich appeared first on Raw Story.

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Trump threatens the Federal Reserve with his latest two picks 10.4.2019 Los Angeles Times - Living Green

Having appointed several Cabinet secretaries who seemed intent on dismantling the departments they lead, President Trump has now aimed his bureaucratic wrecking ball at the Federal Reserve Board, which manages federal monetary policy through the U.S. central bank.

His latest two picks for the board...

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Stocks climb to another weekly gain, helped by job growth 6.4.2019 LA Times: Business

U.S. stocks closed out another solid week of gains Friday as the benchmark Standard & Poor’s 500 index hit its longest winning streak in a year and a half.

Healthcare, energy and technology companies accounted for much of the broad rally, which extended the S&P 500’s run of consecutive gains to...

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Herman Cain, Trump’s next pick for the Fed, embraces the stupidest idea in economic policy 6.4.2019 LA Times: Commentary

Economic policy experts rolled their eyes at President Trump’s last reported nominee for the Federal Reserve Board, Stephen Moore, a right-wing ideologue with an almost unblemished record of getting his facts and economics wrong.

But news of Trump’s choice for a second vacancy on the seven-member...

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Experts horrified by Trump’s demand for the Fed to inject massive amounts of money into the economy 5.4.2019 Raw Story

On Friday, President Donald Trump continued his mounting attacks on the Federal Reserve. “I personally think the Fed should drop rates, they’ve really slowed us down,” Trump told reporters before boarding Marine One. “There’s no inflation. In terms of quantitative tight...

The post Experts horrified by Trump’s demand for the Fed to inject massive amounts of money into the economy appeared first on Raw Story.

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Marching Toward Recession? Liberal Media Talk ‘R’ Word Every Day of Month 4.4.2019 NewsBusters
In spite of growing wages, extremely low unemployment and nearly 3 percent economic growth in 2018, the liberal media are becoming obsessed with recession. It didn’t matter that CFOs were confident the U.S. economy “will not experience a recession” in 2019. They were fixated by recession prospects in March anyway. Every. Single. ...
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Stocks jump, helped by encouraging economic data 2.4.2019 LA Times: Business

Stocks closed solidly higher on Wall Street on Monday after a batch of encouraging global economic data kept investors in a buying mood.

Financial and technology companies powered much of the rally, which extended the market’s gains from last week. On Friday, the benchmark Standard & Poor’s 500...

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As U.S. Economy Weakens, Economists Struggle to Predict Next Recession 1.4.2019 Truthout.com
Many of the people who completely missed the last crisis are trying to get out front and tell us about the next one.

The post As U.S. Economy Weakens, Economists Struggle to Predict Next Recession appeared first on Truthout.

Stocks climb, lifted by rising bond yields and company earnings 29.3.2019 LA Times: Business

Stocks finished broadly higher on Wall Street on Thursday as bond yields rose, easing concerns about a troubling drop in long-term yields over the last week.

Gains by financial, technology and industrial stocks outweighed losses by utilities and communications companies. Smaller-company stocks...

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Mike's Blog Round Up 27.3.2019 Crooks Liars
Brad Delong : What should the Federal Reserve do now just in case the economy is headed towards recession? Mad Kane : An ode to New York. Bark Bark Woof Woof : Just when Floridians thought it was safe to start licking toads again... Upyernoz : Stephen Moore may be a comically--and dangerously—unqualified nominee, but he’s hardly Trump’s first. Speaking of which, your quote of the day: "Bullish on Bush: How George Bush's Ownership Society Will Make America Stronger.” ( Stephen Moore , book title, 2004.) Guest blogging Mike's Blog Round Up this week is Jon Perr from Perrspectives . Send your tips, recommendations, comments and angst to mbru AT crooksandliars DOT ...
‘People aren’t panicking enough’: Financial analysts are spooked as a key economic warning sign is ‘flashing red’ 27.3.2019 Raw Story

If you’re worried about predicting the next economic recession, there’s a key indicator in the financial markets to watch: the yield curve. While it typically slopes upward, the curve has flattened out recently and even turned downward — a phenomenon many observers warn is our best predi...

The post ‘People aren’t panicking enough’: Financial analysts are spooked as a key economic warning sign is ‘flashing red’ appeared first on Raw Story.

Stocks end mixed after gloomy economic report, another drop in bond yields 26.3.2019 LA Times: Business

U.S. stocks capped a day of choppy trading with an uneven finish Monday as investors wrestled to make sense of newly pessimistic outlooks for the global economy.

Traders also weighed another troubling drop in long-term bond yields, which many see as a warning sign of a possible recession.

Large-company...

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Markets seem to underestimate threat of Brexit: Finnish central bank chief warns 25.3.2019 Raw Story

The risk of Britain leaving the European Union without a deal is the biggest risk facing the slowing euro zone economy in the short term, Finnish central bank chief Olli Rehn told Germany’s Die Welt newspaper in remarks published on Monday. “In the short term Brexit is surely the biggest threat,” sa...

The post Markets seem to underestimate threat of Brexit: Finnish central bank chief warns appeared first on Raw Story.

In foreboding sign for US economy, factory sector softens 23.3.2019 Raw Story

U.S. manufacturing activity unexpectedly cooled in March, a troubling sign for the economy although the housing market showed signs lower interest rates were giving it a boost. Financial data firm Markit’s purchasing managers index for U.S. manufacturing fell to 52.5 in March, its lowest level since...

The post In foreboding sign for US economy, factory sector softens appeared first on Raw Story.

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Bond market sends recession signal for first time since financial crisis 22.3.2019 LA Times: Business

A closely watched financial metric turned negative Friday for the first time since the financial crisis more than a decade ago, underscoring concern about a possible economic slump and the prospect that the Federal Reserve will have to star cutting interest rates again.

The gap between the 3-month...

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Beneath Fed’s positive spin, an embrace of a tepid future 22.3.2019 Raw Story

Federal Reserve policymakers see a U.S. economy that is rapidly losing momentum. They predict inflation will miss their 2 percent target for yet another year, despite rising wages, and they expect unemployment to increase. Fed Chairman Jerome Powell’s view of it all? He calls these fundamentals “ver...

The post Beneath Fed’s positive spin, an embrace of a tepid future appeared first on Raw Story.

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Ocasio-Cortez Hits Dimon Over Green New Deal Criticism 21.3.2019 Newsweek Top Stories
The freshman New York congresswoman on Wednesday pointed out the reasons why Dimon shouldn't be commenting on the Green New Deal.
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