Former Federal Reserve Chairman Alan Greenspan said the stock market will determine whether the U.S. is headed for a recession.Squawk on the Street
on Wednesday. "We underestimate the wealth effect on the economy and this type of volatile stock market moves, it has an impact which I don't think we fully understand nor measure correctly." Wealth effect suggests people spend more when the value of their assets rise. "I think it's important to recognize that if we get a major stock market adjustment, we are going to feel it in the economy which has very short leg," Greenspan said.
Greenspan, 93, said the U.S.-China trade war is a "major global issue" and it's "eroding" the global economy. The tit-for-tat tariff threats roiled the stock market in August with the
As long as the market stops going up, the investors don’t get big fat returns, they stop spending more than their income increases, or start holding back to pay off debt, the only remaining bright spots consumer spending going dark. Everything starts falling apart from there
His legacy is the mortgage meltdown... putting lipstick on a pig🤪👎
Can someone tell that old cadaver that the stock market is not the economy?
Sell a little bit too early rather than a little bit too late!
Mr Bad Penny holds court.
rugged_c1
A recession could happen ONLY if the markets drop 20% or more causing small business closures and massive layoffs.
Gee thats a brilliant deduction 🙄. Sorry, this clown put this country into the worst financial crisis since 1929. Just retire.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Market Forces That Propelled a Massive Rally in Long BondsLong-term bonds have been on a tear in recent weeks with yields tumbling more rapidly than almost any other time in the past decade. But the recession signals flashed by these moves may have been exaggerated. Today is holiday in US market This is a must read! Sorry I couldn’t be with my brothers and sisters at the LaborDay parade today but health issues got in the way. Local4948 torontolibrary I’m with you in spirit
Source: WSJ - 🏆 98. / 63 Read more »
Oil prices mixed as market eyes trade war, awaits stocks dataOil prices were mixed on Tuesday as the ongoing U.S.-China trade war cast a pall... pssststst someone keeps saying lower, like lower it. Then i personally well idk help the people and church and everyone why do i have to get involved just lower prices everything is expensive so expensive
Source: Reuters - 🏆 2. / 97 Read more »
Busan Film Festival and Market Adds TV, Streaming AwardsThe Asia Contents Awards will cover TV shows, streaming series and original content presented in Busan's Entertainment Intellectual Property Market.
Source: THR - 🏆 411. / 53 Read more »
5 things to know before the stock market opens TuesdayThe Dow is set to drop about 200 points at Tuesday's open on Wall Street, under pressure after the Trump administration imposed more China tariffs. Beyond Meat is all domestic. Therefore it is safe. People love the meat alternative. Let's stay away from tariffs HUMBUG... Euro weakens!
Source: CNBC - 🏆 12. / 72 Read more »
JP Morgan: The stock market 'will advance into year-end'Markets will rally for the rest of the year, according to J.P. Morgan. These analysts sure do take a lot of different positions. Yet MSM is screaming recession and the end of Trump ..... That sounds a bit like WISHFUL THINKING, Donald Trump style. Last I looked the futures were way down this morning. Who is going to remember this prediction if it doesn't pan out?
Source: CNBC - 🏆 12. / 72 Read more »
U.S. IPOs hope for stock market volatility reprieveU.S. companies planning to launch initial public offerings (IPOs) in the coming ... LOL. With Trump at the helm, firing off tariffs at China whenever FoxNews says something bad about them? Yeah. Good luck with that. Another attempted murder by HK police in MTR hours ago. The first aider at the scene suspected that the vic's neck has broken (cervical fracture). The police stalled the rescue for 30 mins and refused to remove the handcuff during resuscitation. SOSHK 26081.0usd DJI
Source: Reuters - 🏆 2. / 97 Read more »