Economic indicators that looked scary a year ago don’t look as scary now. jbarro writes on what happened to fears of a recession
The markets are convinced that Jerome Powell gets it on monetary policy. And for the time being Trump isn’t escalating his trade war anymore. Photo: Getty Images Monday was the worst day for stocks in almost two months, with the major indices down nearly a percentage point, following yet another bad monthly report on U.S. manufacturing activity. Still, if you zoom out a little, the picture looks very good.
We’re a long way from where we were last December, when the S&P 500 lost over 15 percent between the start of the month and Christmas. At the time, I wrote about what was worrying investors, and I’ve followed up every so often on the waxing and waning of recession fears. One factor that sometimes worries the markets is economically relevant political dysfunction. “Economically relevant” is an important qualifier here: By any normal measure, Washington is dysfunctional, but many aspects of the Trump circus are unimportant for the consumption and investment decisions that drive economic output.
Not everything is great. Worries about economic growth in other regions of the world remain in place. And there are signs that the president’s tariffs — even though he has not escalated them as much as one might have feared a year ago — are harming U.S. manufacturing output.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Prince Andrew's Accuser Speaks Out'He knows what happened, I know what happened, and there’s only one of us telling the truth and I know that’s me'
Lire la suite »
Japan preparing $120 billion stimulus package as recession risks growJapan is preparing an economic stimulus package worth $120 billion to support fr...
Lire la suite »
Trump pledged to revive the manufacturing sector. But it just fell deeper into a recession.President Donald Trump won over Rust Belt states in 2016 on pledges to revive American manufacturing.
Lire la suite »
Turkish economy returns to growth, expanding 0.9 percent year-on-year in Q3After going into recession last year, Turkey's economy has been showing signs of recovery as inflation fell to single digits in October, largely due to a so-called base effect.
Lire la suite »
Hong Kong’s Retail Sales Suffer Worst Drop on Record, as Protests PersistHong Kong’s retail sector is shrinking at a record pace, piling fresh pressure on an economy already in a steep recession amid six months of antigovernment protests.
Lire la suite »