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 wonât raise interest rates any further. While inflation has cooled, American families […]
Breitbart Business Digest: The Recession Will Have to Wait Till Next Year
August 21, 2023 by
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 Fedâs aggressive rate hikes than most analysts had projected. Whatâs 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
August 4, 2023 by
On Wednesdayâs broadcast of Bloombergâs âSound On,â Rep. Brad Sherman (D-CA) reacted to Sen. Tim Kaineâs (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
June 1, 2023 by
Some Constructive Criticism of the Recessionista Thesis âThe house donât fall when the bones are good,â 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 âKudlowâ: Slide Toward Recession Happening Across the Economy
January 19, 2023 by
âWhat weâre seeing is this slide towards recession happening across the economy,â Breitbart Economics Editor John Carney said in an interview Wednesday on Larry Kudlowâs eponymously named Fox Business show. Carney explained that the latest economic dataâfrom the crashing Empire State manufacturing survey to the disappointing holiday retail sales numbers and the weaker-than-expected producer price
Warren: ‘Very Worriedâ Fed Will ‘Tip this Economy into a Recession’
October 21, 2022 by
Senator Elizabeth Warren (D-MA) said Sunday on CNNâs âState of the Unionâ that she is âvery worriedâ that the Federal Reserve will âtip this economy into a recession.â During a keynote speech Friday in Jackson Hole, Wyoming, Powell said, âWhile 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’
September 9, 2022 by
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 CNNâs âReliable Sourcesâ that the United States was not in a recession in âany technical sense.â Host Brian Stelter opened up by asking, âAre we…
TRUMP EFFECT: RECORD HOLIDAY SALES NEAR $600 BILLION; Expert: Spending Pace Not Seen Since Great Recession.
December 27, 2017 by
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 Theyâve Recovered
September 13, 2015 by
More than five years after the end of the âGreat Recession,â 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 âgovernment regulations and red tapeâ placed third. And since 2012, at least one in five […]