U.S data suggesting the economic recovery are stalling is starting to pile up. While investors have ignored traditional economic measures, these real-time indicators are tough to discount. An unstable U.S. economy could make a second wave of coronavirus infections catastrophic. One of the reasons the U.S. stock market has been able to withstand a barrage…
Chrissy Teigen recently went on Twitter looking for lettuce. She ended up trading her banana bread for lettuce from a YouTube star. This small act could lead others to employ the barter system in this downtrodden economy. Chrissy Teigen is not known for her financial advice, but in this case, she could lead millions of…
There’s little doubt that a recession is inevitable in the wake of coronavirus. More people are Googling “recession” and “unemployment” than during the financial crisis. But maybe they should start Googling “depression.” Because these leading analysts say we’re headed for another Great Depression. The U.S. economy will probably slip into a recession this quarter and…
S&P Global says coronavirus has officially plunged the world economy into a global recession. As a result, record debt bubbles at every level of the economy threaten another financial crisis. All these debt bubbles represent far greater liabilities than those weighing down the economy before 2008. Credit rating agency S&P Global said this week that…
Coronavirus has created the economic conditions that will pop the corporate debt bubble after a decade of inflating. The impact will be massive because a host of businesses that have been relying on refinancing cheap loans will struggle to stay afloat. The amount of low-quality corporate debt that’s been issued is unprecedented and will have…
Wall Street analysts expect corporate earnings for S&P 500 companies to decline for the fourth straight quarter once all the reports are filed. An economist writing for CNN Business says, “That’s not exactly a recipe for stocks to rise.” He warns Wall Street bulls have overbought stocks. A financial analyst for a Chicago hedge fund…
Famed economist and global financial market consultant David Rosenberg expects household debt to spark the next recession. Terrifying consumer credit and auto loan data are a colossal debt bubble in plain sight. They’re on the verge of crashing the economy. $16 trillion in household debt and soaring auto debt puts Americans in a precarious position…
U.S. industrial production plunged in October at the fastest rate in a year-and-a-half. GM strike exacerbated the decline following a six-week work stoppage. The manufacturing sector remains in a recession that could spill over to the rest of the economy. U.S. industrial production plunged in October at the fastest rate in a year-and-a-half, further underscoring…
A CNBC article claims that the bond market’s “scary recession warning” has gone away. Although the yield curve is no longer inverted, it’s behaving exactly as it would before a major recession. New York Fed’s repo operations continued on Thursday with a massive $115.14 billion injection. U.S. government debt yields extended their steep recovery this…
While it’s difficult to time a recession, the U.S. economy’s longest-ever expansion will not last forever. Economic data has begun to point to a slowdown, if not something more serious. Financial professionals have advice for investors unsure about how to manage their portfolios when a recession strikes. The U.S. economy is due for a recession.…
