RECESSION?

[Doodoo]

More and more indicators
Stocks plunged on Wednesday with the Dow Jones Industrial Average booking its worst single-day of trading for the year. Markets initially turned sharply lower after the U.S. bond market flashed its brightest warning signal yet presaging a potential recession.

Here were the main moves in the market, as of 4:00 p.m. ET:

S&P 500 (^GSPC): -2.93%, or 85.72 points

Dow (^DJI): -3.05%, or 800.49 points

As I have said before PREPARE

[GT93]

Never fear. Mr Trump is here?

[semperfiguy]

All designed to get our focus off the Jeffrey Epstein fiasco!

[pf-flyer]

The United States has been through around 50 recessions over its history, although there’s some controversy over recessions in America’s early history. Recessions have taken place periodically throughout history, and that it’s an inevitable part of most national economies. The causes’ of a recession are complex and not attributed just to the actions of one person.

[Doodoo]

pd-flyer quoted "The causes’ of a recession are complex and not attributed just to the actions of one person."

Yes agreed BUT he ( and we all know who He is ) is certianly trying. I would think he might even be proud of it as he would be the first on his block.

[Raoul Duke]

The global slowdown is inevitable.
Buckle up.
This could get savage.

[GT93]

I think Jerome Powell is really and truly lined up as the fall guy on this one.

[AlexO]

It just seems to me as if we cannot/will not shake ourselves out of this 10 year cycle nonsense. Some of the bigger players have started shorting the markets and talking of impending doom and the sheep all start to bleet and follow. What fundamental reasons does anyone see for a global recession. Certain Countries yes but on a global level just cannot see it.

[arjay]

Trump wants the Fed to cut interest rates (much) more, to stimulate the US economy and get it performing well in time for the 2020 Elections, but the Fed isn't cutting enough or fast enough for Trump. And Trump's tactics with the Chinese are going to backfire on him, as there still isn't an early end to the trade dispute in sight yet and that is dragging the economy and sentiment down.

[Domat]

Have a little fun in this Trump fight and discussion.

https://youtu.be/Y_MwpagOWo0

[Doodoo]

Great News Domat

Thanks for the contribution

[fatbob]

Steady winning....

[FrazeeDK]

former head of the Fed Janet Yellen doesn't agree, https://economictimes.indiatimes.com/ma ... s?from=mdr

[RLTrader]

Oh boy, this next one is going to be big time, Trump better hope it hits after Nov 2020, but not looking good. Before and he is sent out of DC tarred & feathered on a rail.

piety the poor "---- e r" that wins.

[Doodoo]

Little indicators here and there They keep adding up

PTT recorded a 21-per-cent drop in net profits of Bt55.25 billion in the first half compared to the same period last year.

He also admitted that the net profit at the end of this year will be lower than that of end-2018, which recorded net profit of Bt119.68 billion.

[Airportwo]

^ Price of oil is down, their main source of revenue is oil, so obviously going to affect their bottom line.

[Doodoo]

I dont usually follow the price of oil but on teh charts in December 2018 oil was about $42 and is now $54 a barrel
When you mean down , down to what from what and when
My quote was for the first half of 2019concerning PTTs profits being off by 21%

Thanks

[Doodoo]

https://www.yahoo.com/finance/news/bond ... 16868.html

Have a look another indicator for the past 7 Recessions

[Doodoo]

In a monthly report, the Organization of the Petroleum Exporting Countries cut its forecast for global oil demand growth in 2019 by 40,000 barrels per day (bpd) to 1.10 million bpd and indicated the market will be in slight surplus in 2020.
The bearish outlook due to slowing economies amid the U.S.-China trade dispute and Brexit could press the case for OPEC and allies including Russia to maintain a policy of cutting output to support prices. Already, a Saudi official has hinted at further steps to support the market.

[Airportwo]

This sums it up, from "Boom"
Over the last week, the mainstream media in the Western world has hit the Panic Now Button. They have filled their headlines and news bulletins with multiple warnings of imminent economic recession. They have declared discovery of the Yield Curve and brought this arcane subject forward for discussion around the kitchen table as if it is some newly formed object of delirium or perhaps some fascinating old artifact from Ancient Egypt.
Whatever the method of presentation, the conclusion from the “professional” mainstream commentariat has been consistent. They state that this amazing new phenomenon that they have discovered called the Yield Curve MUST be a reliable indicator of an economic contraction, maybe a depression. Some “expert” commentary has even foretold of Economic Armageddon (whatever that is). The protagonists of that scenario seem not content with just a slowing of economic growth or even a stagnation of growth. They seem desperate to see total economic carnage where everyone ends up in rags, begging from the Enlightened Holders of Gold.