23 august 2019

To ward off recession, Trump should keep his mouth and smartphone shut


A recession is not inevitable, but seems more likely every day. New data suggest job growth over the past year has been a whopping one quarter less than previously advertised. The U.S. yield curve has inverted. The 30-year German bond rate is now negative. The stock market is gyrating big time, but with no trend. The S&P stood at roughly 2900 a year ago – just where it is today. U.S. Industrial production over the past six months is flat. U.S. c onsumer sentiment is at an annual low and [...]