Posts Tagged ‘recession’

“Cardboard Box Recession” An Ominous Sign Of Faltering Consumer, Schwab Warns

“Cardboard Box Recession” An Ominous Sign Of Faltering Consumer, Schwab Warns Earlier this year, Charles Schwab analyst Jeffrey Kleintop said the US was sliding into a “cardboard box” recession as consumers and small businesses were pressured by soaring interest rates and elevated inflation. On Tuesday, Kleintop joined Morningstar’s The Long View podcast to warn, yet again, that slowing demand […]

Goldman Warns About Shipping Recession As Consumer Sputters 

Goldman Warns About Shipping Recession As Consumer Sputters  Since global shipping peaked during the Covid pandemic, A.P. Moller-Maersk has warned about an emerging downturn in the container shipping market.  Goldman now forecasts a lengthier and potentially more severe downturn for the shipping industry, recommending a sell for the Danish shipping giant:  “We believe market expectations […]

Breitbart Business Digest: Services Sector Shrugs Off Recession Talk

The idea that economic growth is faltering received another blow on Wednesday when the Institute for Supply Management reported that the services sector expanded for the eighth straight month in August. Source

Making sense of a self-induced recession in Europe

July 20, 2023 Source: Al Mayadeen English ByJanna Kadri Higher energy prices in times of economic slowdown raise consumer prices and make production more costly and less competitive. At first sight, the EU’s decision to enter the Ukraine war and pay higher energy prices at a time of stagflation appears irrational; but is it really? […]

To Many Americans, It Already Feels Like We Are In A Deep Recession

Are you deeply struggling right now?  If so, I want you to know that you are not alone.  Source

Bloomberg model projection says recession is 100% certain in next 12 months

(Natural News) President Joe Biden is trying his best to convince Americans that recession is avoidable – especially with the midterm elections so close. But according to a model projection from Bloomberg Economics, the U.S. economy is effectively certain to enter a recession in the next 12 months. The probability models maintained by Bloomberg economists Anna Wong […]

Queen’s funeral helped tip UK into recession 

TEHRAN- The Bank of England raised interest rates after saying the country was already in recession partly because of the extra public holiday for the queen’s funeral.  The interest rate hike to 2.25% from 1.75% is the highest level seen since the global financial crisis in 2008 and will have a major impact on millions […]

Queen’s funeral helped tip UK into recession 

TEHRAN- The Bank of England raised interest rates after saying the country was already in recession partly because of the extra public holiday for the queen’s funeral.  The interest rate hike to 2.25% from 1.75% is the highest level seen since the global financial crisis in 2008 and will have a major impact on millions […]

Queen’s funeral helped tip UK into recession 

TEHRAN- The Bank of England raised interest rates after saying the country was already in recession partly because of the extra public holiday for the queen’s funeral.  The interest rate hike to 2.25% from 1.75% is the highest level seen since the global financial crisis in 2008 and will have a major impact on millions […]

Do’s and Don’ts of Saving During a Recession

By Liz HundFrom Bankrate Strategies to build your savings during a recession may involve adjusting your savings goals and cutting expenses, while paying down loans and avoiding additional debt. Getting into the habit of saving money takes discipline and can be challenging even during non-recessionary times. To help you navigate saving during a period of economic decline, […]

Recession or DEPRESSION? The number of Americans taking out loans just to buy groceries has DOUBLED this year

(Natural News) The “buy now, pay later” (BNPL) option that you often see on checkout screens when making an online purchase is more popular than ever before, thanks to the failing economy. As prices rise and hyperinflation rears its ugly head, increasingly more consumers are opting for these short-term loans when eating out at restaurants […]

Professor Warns U.S. Is Sitting on the ‘Brink of a Deeper Recession’

Appearing Wednesday on the Fox News Channel, Brian Brenberg, who serves as an Executive Vice President and Associate Professor of Business at King’s College said the United States is sitting on “the brink of a deeper recession.”

High Inflation, Recession Risk Widen ECB Dilemma

FRANKFURT—Eurozone inflation jumped to another record high and will soon hit double-digit territory, heralding a string of big interest rate hikes even as a painful recession appears increasingly certain. Driven by expensive gas and a devastating drought, consumer prices jumped more than expected in August and further rises are already in the pipeline, suggesting more […]

Oil Prices Fall 3 Percent on Recession Fears

LONDON—Oil prices continued to slide on Wednesday on investor worries about the ailing state of the global economy, bearish oil demand signals from OPEC+, and increased restrictions to curb COVID-19 in China. Brent crude futures for October, due to expire on Wednesday, were down $3.41 at $95.90 a barrel following Tuesday’s $5.78 loss. The more […]

Interest Rate and Recession Fears Knock Stocks and Oil

LONDON—Record-high inflation in the eurozone compounded recession fears stalking markets on Wednesday as central banks on both sides of the Atlantic prepared to raise borrowing costs for businesses and households again next month. Wall Street was set for a muted start as U.S. crude oil prices sank for a second day, trading below $90 a […]

Goldman Warns UK Inflation Could Top 20 Percent as Recession Nears

LONDON/HONG KONG—Inflation in Britain could exceed 20 percent early next year if spiraling gas prices fail to come down, economists from U.S. investment bank Goldman Sachs warned, adding that a recession was on the way. Last week Britain’s energy regulator said power bills will jump 80 percent to an average of 3,549 pounds ($4,188) a […]

ECB’s Lane Sees Euro Area Slowdown, Does Not Rule out Technical Recession

MADRID—The eurozone’s economy is likely to experience an economic slowdown, European Central Bank’s chief economist Philip Lane said on Tuesday, adding however that he did not rule out a mild, temporary, and technical recession. Lane told Spanish broadcaster TVE that the ECB should raise interest rates on a step-by-step basis. The institution raised rates by […]

Breitbart Business Digest: Only 38% of Biden Voters Say We’re in A Recession, Versus 82% of Trump Voters

A solid majority of Americans think we are in a recession, but that consensus conceals some deep divides divide on the economy. The divides do not run that deep along demographic lines. The most recent poll from the Economist and YouGov found that 58 percent of Americans say we are in a recession today. Men are slightly […]

The Math Way Beyond Technical Recession

Commentary  An absurd yet apt metaphor for this year’s predicament. It is widely believed that U.S. real GDP change in the second quarter of 2022 will tally up less than zero, just as it had during the first quarter. Should this happen (the estimate won’t be released until after this article is written), does that […]

Biden faces headache as U.S. economy enters “recession” 

The U.S. economy has officially shrunk for two consecutive quarters which technically signals the start of a recession. The news is making headlines across the states, its a major setback for President Joe Biden’s administration and has left Americans asking where their money is being spent. Source

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