consumer-credit-bubble-could-drag-economy-into-recession

Consumer credit card charge-offs shot up year over year in the third quarter to levels unseen since 2013.Meanwhile consumer debt is showing distress in auto loans and housing, as banks shore up loan loss reserves by billions.The vast securitization of consumer credit card debt has all the makings of another Great Recession.Consumer credit card delinquency…

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nasty-manufacturing-downturn-signals-possibility-of-us.-recession-within-2-years

ISM manufacturing PMI contracts in November for the fourth straight month.Investor Charlie Bilello says four straight sub-50 readings for manufacturing PMI elevates recession risks.ISM data forecasts U.S. GDP growth at 1.5%.The U.S. manufacturing sector contracted in November for the fourth consecutive month, extending one of the longest skids for goods producers since the financial crisis.A…

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us-housing-market-bubble-won’t-see-broke-millennials-buying-boomers’-homes

Baby boomers own half of all American homes. As they reach old age, they’ll sell up and unleash 21 million houses on an already frothy market.Millennials and Gen X can’t afford to buy the flood of homes on the market, potentially triggering a national housing crisis.Signs of an imminent US housing bubble are already flashing…

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consumer-confidence-burnout-could-scorch-the-dow-in-2020

The stock market is booming, but the Consumer Confidence Index has declined for four straight months. The latest CCI report from the Conference Board assures that confidence remains high despite falling again in November. But since July the index has declined by 7.5%. A change of 5% or more often indicates a change in the…

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declining-consumer-confidence-casts-a-dark-shadow-over-us.-economy-ahead-of-holidays

The Conference Board’s consumer confidence index declined to 125.5 in November from 126.1 in October. The report adds to growing doubts about the health of the U.S. economy in the fourth quarter. Forecasters at the Atlanta Fed are expecting a dismal quarter for the U.S. economy. Americans continued to doubt the health of the economy…

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here’s-why-the-us.-china-‘phase-one’-trade-deal-is-overhyped

The stock market reaction to every piece of U.S.-China trade deal news is ludicrous. Phase one of the trade deal does nothing to address the underlying issues of the trade war. Even more significant obstacles than those that started the trade war are on the horizon. Talk of a U.S.-China trade deal has sent the…

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gold-price-heads-for-third-day-of-losses:-2-reasons-why

The price of gold is under pressure for a third consecutive day. Markets remain on edge in anticipation of fresh U.S.-China trade talks. Economic data could influence investors’ outlook on monetary policy following neutral Fed minutes on Wednesday. The price of gold edged lower on Thursday, extending its losing streak to three days as investors…

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no-deal:-us.-china-trade-war-the-new-normal-for-global-equity-markets

An interim trade deal between the U.S. and China may not get finalized this year. Morgan Stanley analyst warns that an interim deal may be as “good as it gets.” Stocks have rallied under the assumption that a trade deal is coming. The U.S. stock market has been riding high over the past six weeks,…

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fomc-minutes-say-the-fed-will-pause-on-interest-rates,-but-economic-data-suggest-further-cuts-likely

The Federal Open Market Committee (FOMC) voted to lower interest rates last month for the third time in as many meetings.Most FOMC members see no need for further rate cuts.Calls for looser monetary policy could grow as the U.S. economy grinds to a halt.“Most” Federal Reserve members believe they are done lowering interest rates, provided…

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treasury-yields-fall-again-as-us.-economy-teeters-on-the-brink-of-contraction

U.S. Treasury yields approach multi-week lows. Atlanta Fed issues sharp downward revision to Q4 GDP forecast. The U.S. economy is in the midst of a yearlong slowdown that could complicate President Trump’s re-election bid. U.S. government debt yields declined on Monday, as investors parked their capital in risk-off assets amid signs that the world’s largest…

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