on recession fears with all three major US indexes closing down about 3 per cent on Wednesday only to pair their losses by Friday due to expectations the European Central Bank might cut rates.
"We have the strongest economy in the world and money is coming here for our stock market. It's also coming here to chase yield in our bond markets," Navarro told ABC'sThat sort "flight to safety" is typically driven by concerns of global economic trouble - in this case the possibility that the Trump administration's tariff battle with China may dampen business investment and growth worldwide.The US economy does continue to grow and add jobs each month.
But manufacturing growth has slowed and lagging business investment has also become a drag. Globally, flagging global trade appears to have pushed the German economy toward recession, and dampened growth in China. A slowdown would be bad news for Trump, who is building his 2020 bid for a second term around the economy's performance. He told voters at a rally last week they had "no choice" but to vote for him in order to preserve their jobs and investments.
Despite talking up the economy, the president and his advisers have repeatedly accused the US Federal Reserve of undermining the administration's economic policies. On Sunday, Kudlow again pointed the finger at the central bank, describing rate hikes through 2017 and 2018 as "very severe monetary restraint."
Is this the first time he has ever told the truth,no doubt it. He will be very lucky to see out his only term.
For goodness sake stop believing this rubbish. He’s jawboning to get the stock market back up, because everyone including china knows he’s f***ed if the spx dives under his watch. He needs to keep his rich mates rich, not the consumers.
Idiot
His circle of lobbyists.
“I don’t think...” he could’ve stopped right there.
So the Russia collusion fizzled out to nothing and the MSM need a new outrage to keep the monkeys clicking, enter the recession, when the racist white nationalist outrage fizzled out as well...click monkey click!!
kuku27 That may be only 20%, what about rest of them
Trump keeps getting it right, didn’t think he would be so amazing.
I think Trump is a dolt, but incorrectly framing his comments for clicks ain't helpful.