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Response to groundloop (Original post)

Wed Aug 14, 2019, 06:57 PM

20. Reuters says this "has Donald Trump's fingerprints all over it"

The financial world can see where this "winning" came from, that Orange A-hole in the White House.

NEW YORK (Reuters Breakingviews) - A U.S. recession warning from financial markets has Donald Trumpís fingerprints all over it. A key bond market metric turned negative for the first time since 2007 on Wednesday, sending stocks tumbling. Other economic indicators in the United States and abroad are deteriorating. The common thread linking these is the presidentís trade war.

The U.S. economy started the year with a good head of steam. Growth hit a three-year high of 2.9% in 2018, corporate coffers were swelling from the tax cuts the president signed into law a year earlier, and unemployment stood at the lowest level in nearly a half century. Sluggish growth overseas and a negative market reaction to the Federal Reserveís December rate hike suggested some fragility, but virtually nobody was predicting a recession before 2021.

The White House has since escalated trade tensions, with Trump twice in the past three months announcing tariff increases affecting some $500 billion of imports from China.

As a result the yield on the Treasuryís benchmark 10-year note has since early May fallen by nearly a percentage point, to 1.59% Wednesday afternoon. Earlier in the day it briefly traded below the return on the Treasuryís 2-year note, something investors havenít seen since June 2007. That spooked equity markets, with the S&P 500 Index down nearly 3% in early afternoon trading.


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Arrow 26 replies Author Time Post
groundloop Aug 14 OP
dem4decades Aug 14 #1
PoindexterOglethorpe Aug 14 #2
essme Aug 14 #4
HiloHatti Aug 14 #6
PoindexterOglethorpe Aug 14 #9
Politicub Aug 14 #14
progree Aug 14 #17
duforsure Aug 14 #3
dchill Aug 14 #5
TheFarseer Aug 14 #7
The Velveteen Ocelot Aug 14 #12
TheFarseer Aug 14 #13
bucolic_frolic Aug 14 #8
yaesu Aug 14 #10
Joe Nation Aug 14 #11
progree Aug 14 #15
orangecrush Aug 14 #16
progree Aug 14 #18
mahatmakanejeeves Aug 14 #19
LineNew Reply Reuters says this "has Donald Trump's fingerprints all over it"
RainCaster Aug 14 #20
trof Aug 14 #21
oldsoftie Aug 14 #22
Gothmog Aug 14 #23
throwthe_shoe Aug 14 #24
Hotler Aug 14 #25
Yonnie3 Aug 14 #26
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