A trader works as a screen shows Federal Reserve Chairman Jerome Powell's news conference after the U.S. Federal Reserve interest rates announcement on the floor of the New York Stock Exchange in New York, U.S., July 31, 2019.A race to the bottom of foreign exchange values could lead to a deep recession or even a depression.
One cannot rule out further tit-for-tat retaliation between the two countries, nor can we rule out a worldwide series of competitive currency devaluations designed to give each country that devalues a competitive export advantage. In the U.S., the yield on the 10-year Treasury has buckled below 1.7%, the lowest level since before President Trump was elected in November of 2016.
Global bonds are cumulatively sending a message that suggests a clear and present danger of a global recession, irrespective of what bullish prognosticators might have to say about economies and equities. The world, led by this President, needs quickly to come to its senses and end a senseless escalation in this war over trade.
The economic cycle is exaggerated by the media cycle which tried to hype up and explain whatever happened on the day.
2020 Trump!
Ha ha CNBC doesn’t know where to hide . Yesterday they were blaming trump for the 700 point fall , today they move to interest rates when the Dow was up 300. What a bunch of losers !
But he’s making America great again..This ConArtist is right up there with Bernie Madoff leader of the Ponzi Scheme, who by the way ask Trump to commute his prison sentence.. Trump could as well , what else is his pen good for❓Not banning AssaultWeapons & telling the NRA F-OFF!
Weak economic data deserves more attention too. You wouldn't need rate cuts if the data was strong.
And Trump wants them lower.
Spoofin yea.
GOOD!!!! US stock markets WAAAAAYYYYYYYYYYYYYYY over valued
The federalreserve irl
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