Since last year real GDP growth has been slowing. The chair of the Federal Reserve has been signaling that, while growth is slowing, there is no recession risk and the Fed is forecasting continued positive growth. Warning signs in the economy, including an inverted yield curve, have been ignored and stock markets continued to make new highs in July. In August a correction took a place and subsequently a rally ensued into early September. On September 18 the Fed is expected to cut rates.
U.S. stocks proceeded to make another marginal high that October — and that was it. Lights out. We all know what happened next. Markets topped in October 2007 following the Fed’s September rate cut. That November, Ben Bernanke, then Fed chair, said there wouldn’t be a recession. According to a November 2007 Reuters report, Bernanke told a congressional committee: “Our assessment is for slower growth, but positive growth, going into next year.” The U.S. economy entered recession in December 2007."Federal Reserve Chairman Ben Bernanke told lawmakers on Thursday the U.S. economy did not appear headed for recession.
“Our main expectation is not at all that there will be a recession,” Powell said.”https://t.co/y9qq1jczvq
NorthmanTrader NorthmanTrader -- aka NorthmanLoser -- sucks at predicting. He's called 16 out of the last 0 crashes since 2011. Permabears have no business forecasting markets. No one should be doing that anyway, but their track record is the worst.
NorthmanTrader
This guy is an alleged fraud. Disappointing and disturbing that you and CNBC continue to give him a platform.
NorthmanTrader Pretty sure he has been writing that for years
NorthmanTrader I don’t trust this guy , he seems to hate Trump more than he loves this country. Saboteur!?
NorthmanTrader As long as Trump and the fed is successful at continuing to rob from future generations by creating a bigger debt bubble, we can hold off at least through the 2020 election.
NorthmanTrader The more things change, the more they stay the same. A word or article is enough for the prudent
NorthmanTrader It’s just not THAT simple.
NorthmanTrader WeWork. SoftBank. CRE
Why do they keep publishing this clown
NorthmanTrader Recession officially started on 9/17/2019 when NY FED announced plans to repurchase up to an additional $75 billion in FED securities. The rate on overnight repurchase agreements hit 10% before the NY Fed stepped in.
NorthmanTrader doesn't it sound scary?
NorthmanTrader Imagine what would happen if Powell said we were in a recession and the safest haven or American bonds is shit.
gtconway3d NorthmanTrader Remember in 2007 mos before the crash the Fed was denying a recession.
gtconway3d NorthmanTrader Its started for some people already. Plumbing ware co Kohler of Kohler cut 300 jobs last week.
NorthmanTrader two rate cuts in two months because everything's peachy?
gtconway3d NorthmanTrader
gtconway3d NorthmanTrader By definition you're six months into a recession before you can call it a recession.
gtconway3d NorthmanTrader B e r n a n k e
Kris_Sacrebleu NorthmanTrader Just mentioning bad economic news guarantees Trump will publicly ridicule you.
gtconway3d NorthmanTrader The FED can't tell you whether you're in a recession until you've been in a recession for a quarter or so.
NorthmanTrader Absolutely, though it would be terrible for them to acknowledge a recession until they are absolutely sure it's happening because that would just become self fulfilling.
NorthmanTrader true ... what else ... ✔️
NorthmanTrader As always before
NorthmanTrader When 'hopium' evolves into 'denyium'
NorthmanTrader
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »