US Politics in Trump era Public date: 02.10.2020 20:59:01

Publisher: Washington Post

Author:

15 Aug 2020

The coronavirus recession is over for the rich, but the working class is far from recovered

U.S. stocks are hovering near a record high, a stunning comeback since March that underscores the new phase the economy has entered: The wealthy have mostly recovered. The bottom half remain far from it.
U.S. stocks are hovering near a record high, a stunning comeback since March that underscores the new phase the economy...
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99 percent, economy, recession
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Publisher: Washington Post

Author:

19 Apr 2020

Record government and corporate debt risks ‘tipping point’ after pandemic passes

The United States is embarking on a rapid-fire experiment in borrowing without precedent, as the government and corporations take on trillions of dollars of debt to offset the economic damage from the coronavirus pandemic.
The United States is embarking on a rapid-fire experiment in borrowing without precedent, as the government and...
Tags:
covid-19, deficits, recession
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Publisher: NYTimes

Author:

17 Dec 2019

There Are Economic Warning Signs for Trump in the Midwest

President Trump campaigned in 2016 on a pledge to restore jobs — manufacturing jobs, specifically — to long-struggling Midwestern communities, and he has made the economy a centerpiece of his re-election campaign. But job growth has slowed sharply this year in Michigan, Pennsylvania and other states that were critical to Mr. Trump’s victory in 2016, as well as in states like Minnesota that he narrowly lost.
President Trump campaigned in 2016 on a pledge to restore jobs — manufacturing jobs, specifically — to...
Tags:
campaign promises, economy, elections, recession
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Publisher: NYTimes

Author:

9 Nov 2019

A Recession Warning Reverses, but the Damage May Be Done

The yield curve, an indicator from the bond market just a few months ago set off alarms about the risk of a recession. Now it has gone back to normal, and that signal has been met with relief in the markets. But as far as the economy is concerned, it might not matter. Once the yield curve has predicted a recession, one usually follows even if that signal changes later.
The yield curve, an indicator from the bond market just a few months ago set off alarms about the risk of a recession....
Tags:
campaign promises, economy, recession
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Publisher: NYTimes

Author:

1 Nov 2019

It Will Take More Than Lower Mortgage Rates for a Housing Rally

The Federal Reserve is hoping that its latest interest-rate cut will help keep the economy safely at cruising altitude. But don’t expect it to provide much of a lift to the housing market. Few economists expect the housing market to take off in response to this week’s rate cut, because rates aren’t what was holding back housing in the first place. Instead, they point to other factors.
The Federal Reserve is hoping that its latest interest-rate cut will help keep the economy safely at cruising altitude....
Tags:
campaign promises, economy, federal reserve, recession, trump agenda
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Publisher: NYTimes

Author:

31 Oct 2019

G.D.P. Posts 1.9% Rate as Trade Fight and Global Weakness Hit Economy

Dogged by uneasiness over trade frictions and weak global growth, the American economy’s growth inched lower over the summer. Gross domestic product — the broadest measure of goods and services produced in the economy — grew at a 1.9 percent annual rate for the third quarter, according to preliminary data released by the Commerce Department on Wednesday.
Dogged by uneasiness over trade frictions and weak global growth, the American economy’s growth inched lower over the...
Tags:
campaign promises, economy, recession
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Publisher: Washington Post

Author:

17 Oct 2019

U.S. retail sales fall unexpectedly, signaling a new crack in a weakening economy

U.S. consumers unexpectedly pulled back on retail spending for the first time in seven months, reviving fears that a weakening economy could finally be taking its toll on American shoppers just before the pivotal holiday season.
U.S. consumers unexpectedly pulled back on retail spending for the first time in seven months, reviving fears that a...
Tags:
economy, recession
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Publisher: Washington Post

Author:

9 Oct 2019

U.S. manufacturing falls into deep recession as Trump’s trade war drags on

U.S. manufacturing fell deeper into a contraction last month, erasing hope of a quick turnaround for the industry and handing a blow to President Trump’s promises that he would revive blue-collar jobs and companies.
U.S. manufacturing fell deeper into a contraction last month, erasing hope of a quick turnaround for the industry and...
Tags:
campaign promises, economy, recession, trumps america
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Publisher: Business Insider

Author:

4 Oct 2019

Trucking ‘bloodbath’: Around 4,200 trucking payrolls slashed in Sept.

Trucking has been in a recession since the first half of 2019, according to ACT Research. While freight volumes have ticked up in July and August, indicators that a recession is still gripping America's $800 billion trucking market.
Trucking has been in a recession since the first half of 2019, according to ACT Research. While freight volumes have...
Tags:
economy, recession
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Publisher: Washington Post

Author:

2 Oct 2019

U.S. manufacturing falls into deep recession as Trump’s trade war drags on

U.S. manufacturing fell deeper into a contraction last month, erasing hope of a quick turnaround for the industry and handing a blow to President Trump’s promises that he would revive blue-collar jobs and companies. September marked the worst month for U.S. manufacturing in more than a decade, since June 2009.
U.S. manufacturing fell deeper into a contraction last month, erasing hope of a quick turnaround for the industry and...
Tags:
campaign promises, economy, governance, recession, trade policy
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Publisher: NYTimes

Author:

20 Sep 2019

Wall Street Is Buzzing About Repo Rates. Here’s Why.

Investors take for granted that the Federal Reserve controls interest rates. But a surprisingly lively couple of days in short-term money markets has meant that the “how” became nearly as important as the “why.” The stress started on Monday in the market for repurchase agreements, or repos. Repos are short-term loans mainly used by banks and hedge funds in their daily bond trading and brokerage businesses.
Investors take for granted that the Federal Reserve controls interest rates. But a surprisingly lively couple of days in...
Tags:
economy, federal reserve, recession, wall street
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Publisher: Washington Post

Author:

11 Sep 2019

Six in 10 Americans expect a recession and higher prices as Trump’s approval rating slips amid concern over his trade policies

President Trump is ending a tumultuous summer with his approval rating slipping back from a July high as Americans express widespread concern about the trade war with China and a majority of voters now expect a recession within the next year, according to a new Washington Post-ABC News poll.
President Trump is ending a tumultuous summer with his approval rating slipping back from a July high as Americans...
Tags:
donald trump, economy, polls, recession
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Publisher: Washington Post

Author:

24 Aug 2019

U.S.-China trade war intensifies as Trump calls on American companies to cut ties with China

The trade war between the U.S. and China worsened Friday as Beijing imposed retaliatory tariffs on $75 billion in American goods and President Trump took the extraordinary step of calling on U.S. companies stop doing business with China. The new tariffs, which included reinstated levies on auto products, delivered a strategically timed blow as recession warning signs cast doubt on the strength of the U.S. economy.
The trade war between the U.S. and China worsened Friday as Beijing imposed retaliatory tariffs on $75 billion in...
Tags:
china, recession, trade policy, trump agenda
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Publisher: Washington Post

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21 Aug 2019

Trump confirms he’s considering a payroll tax cut amid mounting economic concerns

President Trump on Tuesday confirmed that he is considering whether to push for a temporary payroll tax cut amid mounting concerns about an economic slowdown. Trump’s comments pulled back the curtain on a freewheeling policy process within the White House. Senior administration officials are both trying to assess the real weaknesses in the economy while also determining whether they should take any steps to intervene before the 2020 elections.
President Trump on Tuesday confirmed that he is considering whether to push for a temporary payroll tax cut amid...
Tags:
campaign promises, economy, governance, recession, tax policy
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Publisher: NYTimes

Author:

15 Aug 2019

Germany Nears Recession and Chinese Factories Slow in Trade War Fallout

In ominous signs of the damage being done by the trade war between China and the United States, data released on Wednesday indicated that the German economy was hurtling toward recession and that growth at Chinese factories was slowing at a pace not seen in nearly two decades.
In ominous signs of the damage being done by the trade war between China and the United States, data released on...
Tags:
china, economy, recession, trade policy, trump agenda
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Publisher: Washington Post

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15 Aug 2019

Recession watch: What is an ‘inverted yield curve’ and why does it matter?

Stock markets tanked Wednesday after the bond market sounded a loud warning that the U.S. economy might be headed toward a recession. Investors are spooked by a scenario known as the “inverted yield curve,” which occurs when the interest rates on short-term bonds are higher than the interest rates paid by long-term bonds. What it means is that people are so worried about the near-term future that they are piling into safer long-term investments.
Stock markets tanked Wednesday after the bond market sounded a loud warning that the U.S. economy might be headed toward...
Tags:
economy, recession, wall street
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Publisher: NYTimes

Author:

2 Aug 2019

Lower Rates Already Hit Housing. They’re Not Helping Much.

Cheaper mortgages are usually a boon to the housing market. But this year, a sharp drop in mortgage rates hasn’t provided much of a lift, and that could bode poorly for the Federal Reserve’s efforts to shore up economic growth.
Cheaper mortgages are usually a boon to the housing market. But this year, a sharp drop in mortgage rates hasn’t...
Tags:
economy, federal reserve, recession
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Publisher: NYTimes

Author:

1 Aug 2019

Fed Cuts Interest Rates for First Time Since 2008 Crisis

The Federal Reserve cut interest rates for the first time in more than a decade on Wednesday as it attempted to guard the record-long economic expansion against mounting global risks. The widely expected quarter-point move, the Fed’s first since it cut rates to near zero in 2008, is meant to protect the economy against the potentially harmful effects of a growth slowdown in China and Europe and uncertainty from President Trump’s trade war.
The Federal Reserve cut interest rates for the first time in more than a decade on Wednesday as it attempted to guard...
Tags:
campaign promises, economy, federal reserve, governance, recession, tariffs, trade policy
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Publisher: NYTimes

Author:

27 Jul 2019

U.S. Economy Slows, Denying Trump 3% Talking Point

The American economy is slowing, dragged down by trade tensions and weak growth overseas. But there are few signs that the decade-long expansion is on the verge of stalling out.Gross domestic product, the broadest measure of goods and services produced in the economy, rose at a 2.1 percent annual rate in the second quarter, according to preliminary data released by the Commerce Department on Friday.
The American economy is slowing, dragged down by trade tensions and weak growth overseas. But there are few signs that...
Tags:
campaign promises, competence, economy, governance, recession, trade policy
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Publisher: NYTimes

Author:

10 Dec 2018

Wall St. Ignored Signs of Trouble for Months. Now It Sees Risks Everywhere

For stock investors in the United States, the political and economic outlooks have suddenly become ominous. More volatility could be in store this week. “The fact is that politics is driving the economy to an extent that is very atypical,” said Julian Emanuel, chief equity and derivatives strategist at BTIG, an institutional brokerage firm. “We would say probably to the greatest extent that we’ve seen in our investing lifetime.”
For stock investors in the United States, the political and economic outlooks have suddenly become ominous. More...
Tags:
competence, economy, governance, recession, trade policy, wall street
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Publisher: Business Insider

Author:

3 Nov 2018

GDP: Trump tariff, trade war hit to economy

There's mounting anecdotal evidence that President Donald Trump's trade war is causing trouble for the US economy and businesses. But Friday's report on third-quarter gross domestic product may be the best hard evidence yet that the tariffs are causing major disruptions in the economy.
There's mounting anecdotal evidence that President Donald Trump's trade war is causing trouble for the US economy and...
Tags:
competence, economy, governance, recession, trade policy
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Publisher: NYTimes

Author:

25 Jun 2018

What’s the Yield Curve? ‘A Powerful Signal of Recessions’ Has Wall Street’s Attention

The bond market’s yield curve is perilously close to predicting a recession — something it has done with surprising accuracy — and it’s become a big topic on Wall Street. Some economists on Wall Street think the economy could be growing at around a nearly 5 percent annualized clip this quarter. But if the current economic vigor is only reflecting a short-term stimulus coming from the Trump administration’s tax cut, then some kind of slowdown is to be expected.
The bond market’s yield curve is perilously close to predicting a recession — something it has done with surprising...
Tags:
economy, recession, tax policy
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Publisher: Washington Post

Author:

28 Jan 2018

There’s a big red flag in today’s report on the economy

For the duration of this economic expansion, consumer spending has been the dynamo driving growth in gross domestic product, or GDP. But now there are indications Americans are getting a little too dynamic. Their actions are out of whack. For the past two years, spending has risen faster than disposable personal income, as pointed out by Jason Furman, a senior fellow at the Peterson Institute for International Economics
For the duration of this economic expansion, consumer spending has been the dynamo driving growth in gross...
Tags:
economy, recession
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