and Paris FCHI lost between 0.8% and 1.5%. Wall Street futures gauges were also indicating losses of around 0.7%.
“The telling thing is that there is a delayed effect - traditionally you see a one-to-two-year lag before a recession. You could see it next year,” said Neil Wilson, chief markets analyst at Markets.com. The German figures - along with data showing the slowest growth for Chinese industrial output in 17 years that indicated faltering demand in the world’s second-largest economy - knocked the wind out the sails for stocks and gave rise to the angst over a slowdown.
“The trade war and the dispute between U.S. and China has already had an impact - especially when you look at countries most sensitive to global trade like Germany and even Italy,” said Christophe Barraud, chief economist and strategist at Market Securities in Paris.
1
We’ll soon see if republicans continue to cower to trump if a recession does materialize.
I’m moving all my money to safer options. I smell a recession.
Thanks Donald.
TrumpRecession TrumpRecession TrumpRecession TrumpRecession
When markets really start to slide, Trump will try to make any deal, no matter how bad. The problem is that it will be too little, too late.
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