Experts Have Bad News For Democrats Hoping For 2020 Recession To Topple Trump

Experts Have Bad News For Democrats Hoping For 2020 Recession To Topple Trump
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President Trump Please Check Your Network Connection One of the factors deeply worrying many Democratic politicos ahead of the rapidly approaching 2020 election is the obstinately booming economy under President Trump. Amid an increasingly lengthy string of excellent jobs reports, however, we’ve repeatedly heard rumblings of an impending “recession” just around the corner. Probably. Maybe. Back in September, CNBC provided a helpful “list of recession signals that are flashing red” amid an alleged “dramatic spike” in fears of an economic downturn: Google searches show recession fears have spiked dramatically since the end of July, when the Federal Reserve cut interest rates for the first time since the financial crisis. Data is coming at investors from every angle with so-called recession indicators flashing signs of an economic slowdown brought on by slower growth abroad and the U.S.-China trade war. A slowing global economy is pressuring central banks abroad to lower borrowing rates at unprecedented levels and a tit-for-tat tariff war between Washington and Beijing is weighing on business sentiment. Three months — and three additional solid BLS reports later — Bloomberg asked the question that it apparently believed was on everyone’s mind, despite what it admitted were “record-high stock prices and positive hiring momentum”: “Is a recession coming?” Amid record-high stock prices and positive hiring momentum, recession chatter continues to ebb. However, lingering trade war uncertainty and pullbacks in corporate investment remain risks to the U.S. outlook. Bloomberg Economics created a model to determine America’s recession odds. The latest update, […]

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