TOKYO - Global stocks slumped to more than two-month lows in early Asian trade on Thursday, tracking the Wall Street slide as an inverted U.S. bond yield curve sent a flashing warning to investors about rising recession risks.
“The yield curves are all crying timber that a recession is almost a reality and investors are tripping over themselves to get out of the way as economic recession hurts corporate earnings and stocks can drop as much as 20%,” said Chris Rupkey, chief financial economist at MUFG Union Bank. Senior U.S. officials said on Wednesday China has made no trade concessions after U.S. President Donald Trump postponed the 10% tariffs on over $150 billion worth of Chinese imports, the latest sign that efforts to reach a trade deal were going nowhere.adding a marginal 0.1% to $1.1144. The Japanese yen strengthened 0.1% versus the greenback at 105.83 per dollar, having firmed 0.8% on Wednesday.
Trump giveth; trump taketh away...
“For export-dependent economies like China and Germany, trade disruptions mean immediate trouble. The U.S. is less dependent on exports, somewhat insulating its economy.” I think we will be alright. Let’s quit with this chicken little bull shit. Buy cars.
BillionDollarLoser is in charge. Buckle up. He has some records to break.
Hillary Clinton sounded a similar warning in 2016. But we didn't listen. TrumpRecession
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