recession - Page 9

The Federal Reserve Bank of New York’s monthly survey of U.S. households indicates a dramatic turn for the worse in both current conditions and expectations for the year ahead.

During Sunday’s broadcast of CNN’s “State of the Union,” former Treasury Secretary Lawrence Summers said that “banana Republicans” and the events of January 6, 2021 had contributed to the inflation underway in the U.S. economy.

Two-thirds think the recession hits in the first half of next year. The rest say it will hit in the second half. None believe a recession can be avoided.

Cassandra’s forecasts about the destruction of Troy turned out to be as accurate Republican forecasts about our current economic turmoil, but neither were believed by the powers-that-be.

China’s state-run Global Times on Sunday frantically tried to convince foreign investors that now is the “right time to bet on China” – right after the Communist government demonstrated it will not hesitate to wipe out billions of dollars in value by turning key cities like Shanghai into coronavirus prison camps at the drop of a hat.

We have to wonder if someone at the White House is thinking that if you’ve lost Cardi B, you’ve lost America.

“When y’all think they going to announce that we going into a recession?” Cardi B wrote Sunday in a tweet, which has since garnered more than 120,000 likes, and over 16,000 retweets.

Recession worries are cited by three of the Fed’s 12 Districts.

CNN, a far-left propaganda outlet that spreads conspiracy theories and political violence, published a warning to its readers: “It’s time to prepare for a recession.”

The government said on Thursday that the economy shrunk more in the first quarter than it initially estimated.

The economic data out on Tuesday significantly raised the risk of a recession and moved forward the possible start of an economic slump.

The latest evidence that U.S. factory activity is contracting in May.

Soaring food, gas, and rent prices, supply chain blockages, summer power blackouts, and inflation on the up. President Joe Biden chose to ignore these key economic indicators Monday when he blithely assured the nation a U.S. recession is “not inevitable.”

National Economic Council Director Brian Deese said Sunday on CNN’s “State of the Union” that there was a risk of the United States falling into an economic recession. Anchor Dana Bash said, “Yes or no, is the U.S. falling into

During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” economist, Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers stated that the odds are “probably

On Friday’s broadcast of MSNBC’s “Morning Joe,” Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, said that the Federal Reserve will have to raise interest rates “to 5, 6%, maybe higher,” to get inflation

An overwhelming majority of Americans are expecting there to be a recession within the next year, according to a Quinnipiac University poll released Wednesday.

Appearing Wednesday on CNBC’s Squawk Box, Goldman Sachs CEO David Solomon said his bank is warning clients of a possible recession.

On Wednesday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” Sen. Rob Portman (R-OH) predicted that due to the negative impact on consumer spending that Federal Reserve interest rate hikes that are needed to bring down inflation will

Appearing on CBS’s Face the Nation, former Goldman Sachs CEO Lloyd Blankfein warned the United States could plunge into a recession. 

The Empire State manufacturing survey unexpectedly lurched into negative territory.

On Thursday’s broadcast of CNN International’s “First Move,” Professor of Public Policy and Professor of Economics at Harvard University Ken Rogoff said that inflation in the United States is “just way too high. It’s not getting under control.” And predicted that

Britain’s economy grew at the slowest pace in a year during the first quarter, raising concerns the country may be headed for a recession.

Inflation and recession worries are holding back small businesses in the U.S.

The faith of the followers of Fed Chairman Jerome Powell is fickle. Thursday’s massive stock sell-off completely erased all of Wednesday’s Powell-inspired gains and then some.

In the wake of Federal Reserve Chairman Jay Powell’s announcement that interest rates would be raised by 0.5%, Fox Business Network host Larry Kudlow on Thursday warned that the U.S. economy was “in trouble.”

Florida Gov. Ron DeSantis (R) said on Wednesday there is a “very good chance” that President Biden’s administration “plunges this country into a recession.”

Appearing Monday on CNBC, Roger Ferguson, former Federal Reserve vice chairman, warned that a recession is “almost inevitable.” 

The recession is expected to start in the second half of 2023.

On Friday’s broadcast of the Fox News Channel’s “America’s Newsroom,” Economics Professor at the University of Chicago Booth School of Business Austan Goolsbee, who served as Chairman of the Council of Economic Advisers under President Barack Obama, said that it

If we had not already quoted old Tom Eliot on the alleged cruelty of April, we would certainly be tempted to do so again after Friday brought the April sell-off to such a crescendo.

On Thursday’s broadcast of the Fox News Channel’s “Ingraham Angle,” Florida Gov. Ron DeSantis (R) stated that President Joe Biden will “plunge this country into a recession,” because money spent “to bail out the blue states” has caused inflation, which

The experts have been telling us for months that the economy was doing extraordinarily well once you look past the little problem of inflation. The American people weren’t buying it. And today’s Bureau of Economic Analysis revealed that the people were right.

On Thursday’s broadcast of CNN’s “The Lead,” CNN host Richard Quest stated that while the White House “tried to spin” the negative first-quarter GDP numbers “as a one-off, they cannot ignore the fact that more and more private economists…are now

Appearing Thursday on the Fox Business Network, Harvard University professor Kenneth Rogoff, who served as former chief economist at the International Monetary Fund (IMF), warned that the odds of the United States falling into a recession are “at least 50/50.”

“President Joe Biden has tried to shift blame for the spike in gasoline prices, but most voters aren’t buying his excuses,” writes Rasmussen Reports.