The Recession Train Has Left the Station

[Jw2]

A minor trade-war truce, if it even exists, won’t save the economy

https://www.bloomberg.com/opinion/articles/2019-10-14/a-china-trade-war-recession-is-already-on-the-way

For the past 18 months, the global economy has been on a miserable roller-coaster ride, the Fiery Fist O’ Trade War Pain. In the past few days alone, we’ve gone from soaring highs to gut-wrenching drops. At the end of the line, recession awaits.

On Friday, President Donald Trump said he’d struck a trade truce with China, and stocks soared. This morning, China said it needed more talks to reach a truce, and markets tumbled. Having fun yet? No. (For more of this sort of “entertainment,” see the Brexit Tilt n’ Spew, which took another bad turn today.)

And honestly, even a truce of the sort Trump claimed on Friday won’t help the economic outlook much, writes Tim Duy. The global economy seems headed for a recession, which the U.S. will struggle to avoid. So the Federal Reserve will probably cut rates again this month. It has already started buying bonds to fix technical problems in the overnight repo market. (It doesn’t want to call this quantitative easing, notes Mohamed El-Erian, but for all practical purposes, that’s what it is.)

And there’s no indication China and the U.S. are anywhere near a comprehensive trade deal, writes David Fickling. If anything, the sides seem to be growing further apart. Expect more gut-wrenching dips.

[Dan]

That's not what Bob Bronner says, fuhrer johniel.

[D2D]

Democrats are desperately hoping for economic failure as they are desperate to manage America's decline!

[Local5th]

<a href="https://youtube.com/v/BkzE23pyME4?t=2" target="_blank">https://youtube.com/v/BkzE23pyME4?t=2</a>

[wvit1001]

The knuckle draggers are wrecking the he great economy Obama and the Democrats created

[Truman62]

Damn, there goes tRump's Economy!

[Local5th]

The knuckle draggers are wrecking the he great economy Obama and the Democrats created



Obama and democrats ran with corrective actions Bush started fool. They didn't do it by themselves.

[warrenpees]

[D2D]

[Dan]

The knuckle draggers are wrecking the great economy

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Well you're certainly trying to.

Obama and the Democrats created

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What was great about the Obama economy?  What was GDP?

[Dan]

Four of the five fundamental indicators of economic growth show that a recession is unlikely in the next 12 months.

[D2D]