November 30, 2023

There’s a 15% chance US will enter recession: Goldman Sachs

Goldman Sachs has reduced the odds of a recession in the US from 20% to 15% as analysts at the Wall Street investment bank cite lower rates of inflation and a stubbornly resilient job market that make it more likely the Federal Reserve won’t raise interest rates any further. While inflation has cooled, American families […]

Breitbart Business Digest: The Recession Will Have to Wait Till Next Year

Wait Till Next Year The most heralded recession in American history will probably not arrive until next year. The U.S. economy is turning out to be far more resilient in the face of the Fed’s aggressive rate hikes than most analysts had projected. What’s more, several of the big risks that were threatening to drag

Dem Rep. Sherman: Some Dems Are Risking a Global Recession to Block a Pipeline

On Wednesday’s broadcast of Bloomberg’s “Sound On,” Rep. Brad Sherman (D-CA) reacted to Sen. Tim Kaine’s (D-VA) plan to try to strip the approval of the Mountain Valley pipeline from the debt ceiling bill by stating that doing so risks a global recession over one pipeline. Co-host Joe Mathieu asked, [relevant exchange begins around 53:50]

Breitbart Business Digest: The Case Against Recession Is Building

Some Constructive Criticism of the Recessionista Thesis “The house don’t fall when the bones are good,” we are instructed by that sage of Arlington, Texas, and Nashville, Tennessee, Marin Morris. The bones of the U.S. economy are looking good as we hurtle toward the warming months, which means the house of the U.S. economy is

Carney on ‘Kudlow’: Slide Toward Recession Happening Across the Economy

“What we’re seeing is this slide towards recession happening across the economy,” Breitbart Economics Editor John Carney said in an interview Wednesday on Larry Kudlow’s eponymously named Fox Business show. Carney explained that the latest economic data—from the crashing Empire State manufacturing survey to the disappointing holiday retail sales numbers and the weaker-than-expected producer price

Warren: ‘Very Worried’ Fed Will ‘Tip this Economy into a Recession’

Senator Elizabeth Warren (D-MA) said Sunday on CNN’s “State of the Union” that she is “very worried” that the Federal Reserve will “tip this economy into a recession.” During a keynote speech Friday in Jackson Hole, Wyoming, Powell said, “While higher interest rates, slower growth and softer labor market conditions will bring down inflation, they…

Krugman: ‘Determination’ of People to Say It’s a Recession ‘Above and Beyond Anything I’ve Ever Seen’

Economist and New York Times columnist Paul Krugman on Sunday pushed back against the notion that the United States was in a recession, despite back-to-back quarters of the U.S. economy contracting. Krugman told CNN’s “Reliable Sources” that the United States was not in a recession in “any technical sense.” Host Brian Stelter opened up by asking, “Are we…

TRUMP EFFECT: RECORD HOLIDAY SALES NEAR $600 BILLION; Expert: Spending Pace Not Seen Since Great Recession.

Retailers are reporting record holiday sales this season of $598 billion as of Christmas Eve, fueled by confidence in the pro-business, pro-jobs economic polices of President Donald Trump of cutting Obama-era regulations and enacting major tax cuts and reforms. Yet media reports by CBS, AP and the Wall Street Journal all failed to mention President […]

Five Years After the Recession, Only 21% of Small Businesses Say They’ve Recovered

More than five years after the end of the “Great Recession,” only 21 percent of small businesses* say they have fully recovered. During the recession, lack of sales ranked as the top problem small business faced. Taxes placed second, and “government regulations and red tape” placed third. And since 2012, at least one in five […]