The new recession is arriving?
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Famous last words?
“I don’t see a recession,” Trump said, preparing to fly to Washington. “We’re doing tremendously well. Our consumers are tremendously rich. They’re loaded up with money. Walmart is through the roof. We’re not going to have a recession…”
He doesn’t want workers to see it, the USA is already in a recession, it is just another re-election campaign, creating illusions in the minds of the working class. They are trying to hold the crisis by lowering the interest rate, but nobody can hold the bull by the horns, if the economy is doing so good, why is the Federal Reserve Bank lowering the interest rate ? Why short term investment are higher than long term investment in the market ? Bourgeois economists are already accepting that there is a recession, and some right wing television host are also accepting the economic reality, they are not covering it up any more. What Walmart did was to buy an enormous amount of merchandise from China before the US government place the Tariff on Chinese goods
https://www.dw.com/en/germanys-central-bank-warns-of-possible-recession/a-50082585
The Bundesbank has warned that a slump in the German economy could have continued over the summer. It cited the US-China trade war as one factor weighing on German exports.
“More generally there are number of things abroad … increased nationalism, increased assertion by governments to interfere in global supply chains and capitalism … that is a consideration.”
The recession is not arriving, it has already landed on earth I don’t see any major difference between recession and depression
This is what they are calling Corporate/CEO proletarians. More terms to confuse peoples
The Economy Looks Grim for Workers, But Might Not Bring Recession
“…When many economists start saying that the economy is about to enter a recession, you should just assume that a lot of economists want to jump in with the pack to avoid looking foolish. Economists never get in trouble for being wrong as long as they have good company…”
Bourgeois economists will never recognize the flaws of the capitalist Economy. Recession is only an euphemism instead of saying depression
Chinese Premier Li Keqiang said it is “very difficult” for China’s economy to grow at a rate of 6% or more because of the high base from which it was starting and the complicated international backdrop. The world’s No.2 economy faced “certain downward pressure” due to slowing global growth as well as the rise of protectionism and unilateralism, Li said.
On Sept. 6 a cut in the reserve requirement ratio (RRR) for the third time this year, releasing 900 billion yuan ($126.35 billion) in liquidity into the economy as stimulus.
They are constantly talking about low unemployment based on false statistic, but they are not talking about the strike on the automobile industry, and probably the workers from Chrysler and Ford will go into strike. All the so called journalists are completely silent, they do not want to swim in trouble waters. There was a big strike against some US automakers in Mexico, and they haven’t said too much about it, they have talked a lot about the so called US-Mexico treaty which is the old commercial treaty with a different name
If everything is so wonderful, Why the US Federal Reserve Bank has been pumping large amount of money for three consecutive days into the US economy ? They are trying to hold the bull by the horns
The collapse of Thomas Cook it is a clear indication that the recession/depression is not arriving, it has already arrived
https://www.theguardian.com/business/2019/sep/25/global-recession-a-serious-danger-in-2020-says-un
The UN’s trade and development body, Unctad, said 2019 will endure the weakest expansion in a decade and there was a risk of the slowdown turning into outright contraction next year. The UN said warning lights were flashing around trade wars, currency gyrations, the possibility of a no-deal Brexit and movements in long-term interest rates but there was little sign that policymakers were prepared for the coming storm.
Several big emerging countries were already in recession and some advanced economies, including Germany and the UK, were dangerously close to one.
Central banks , including the US Federal Reserve and the European Central Bank, have recently announced interest cuts in an attempt to stimulate activity but the UN report was pessimistic about the chances of success.
“The slowdown in growth in all the major developed economies, including the US, confirms that relying on easy monetary policy and asset price rises to stimulate demand produces, at best, ephemeral growth, while tax cuts for corporations and wealthy individuals fail to trigger productive investment.”
Unconventional monetary measures – such as negative interest rates and creating money through quantitative easing – remained the go-to policies for addressing weaknesses in the global economy even though they have had a weak record since the financial crisis.Kristalina Georgieva has said the global economy needs to be ready to cope with a fresh economic downturn after being chosen to head the International Monetary Fund (IMF). The economist said she was taking charge of the Washington-based organisation at a time when growth was slowing, trade tensions growing and with debt at record levels.
https://www.yahoo.com/news/survey-us-manufacturing-activity-sank-142935079.html. If this not a recession, How the economists will call it ?
https://www.reuters.com/article/us-usa-economy/us-manufacturing-dives-to-10-year-low-as-trade-tensions-weigh-idUSKBN1WG47G. Another sources indicating that the US manufacturing dives to 10 year low
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