manufacturing-recession-puts-us.-economy-on-track-for-worst-quarter-under-president-trump

U.S. industrial production plunged in October at the fastest rate in a year-and-a-half. GM strike exacerbated the decline following a six-week work stoppage. The manufacturing sector remains in a recession that could spill over to the rest of the economy. U.S. industrial production plunged in October at the fastest rate in a year-and-a-half, further underscoring…

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trump’s-china-trade-deal-hits-another-stalemate-over-america’s-pigs

Beijing doesn’t want to commit to buying American pork and looks set to play hardball with Trump. Trump might not be willing to give China the concessions it is demanding to come around and sign a limited trade deal. The U.S.-China tariff war looks all set to extend further as none of the parties appear…

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‘bubbles-everywhere’-suggest-a-stock-market-crash-is-coming,-according-to-nobel-laureate

Nobel-Prize winning economist Robert Shiller’s CAPE index suggests a stock market crash is on the horizon. Apart from the stock market bubble, Shiller also sees bubbles in the U.S. housing market and bond markets as well. Not everyone is as worried, though. Fellow Nobel Laurette Eugene Fama says investors should disregard bubble warnings as you…

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don’t-let-‘trump-derangement-syndrome’-blind-you-to-the-strong-us.-economy,-abundant-opportunities

Politics is blinding some people to the strong U.S. economy. Manufacturing is starting to show signs of bottoming out. The economy could be going from deceleration to acceleration. In our polarized political environment, people’s perceptions of the economy are increasingly shaped by who is in power. This reflex is understandable. The chart below from Pew…

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gold-suffers-worst-crash-in-3-years-because-investors-ignored-one-crucial-fact

Gold price suffers worst weekly drop in three years as investors tilt toward risk-on assets. December gold futures are hovering around $1,465/oz, the lowest in over three months. Despite the fall, the Federal Reserve’s ‘war on savings’ will keep gold prices trekking higher over the long haul. The price of gold is plunging this week…

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as-dow-futures-fizzle,-america’s-‘growth-recession’-may-actually-prolong-the-bull-market

Futures on the Dow and S&P 500 edge slightly lower in overnight trading. America’s so-called ‘growth recession’ could prolong the business cycle and make certain stocks attractive over the long haul, according to Credit Suisse. An extended business cycle is likely to benefit growth stocks over value plays. Futures on the Dow Jones Industrial Average…

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gold-price-rips-lower-after-massive-selloff-as-dollar-spikes,-dow-hovers-near-all-time-high

Gold plunged 1.5% on Tuesday as risk-off assets suffered. U.S. services PMI improved more than expected in October, according to the Institute for Supply Management. U.S. dollar hits three-week high against a basket of currencies. The price of gold plunged on Tuesday, wiping out more than a week’s worth of progress as keener appetite for…

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can-donald-trump-prevent-a-us.-housing-market-crash?-not-really

The Federal Reserve danced to the tune of President Donald Trump and slashed the federal funds rate once again this week in what is believed to give another boost to the U.S. housing market. As reported by Bloomberg, Moody’s Analytics chief economist Mark Zandi is of the opinion that the U.S. housing market is benefiting…

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treasury-yields-rebound-from-two-week-lows-despite-manufacturing’s-deep-recession

U.S. government debt yields recovered on Friday as bond prices fell. The benchmark yield nosedived below 1.70% on Thursday, reaching its lowest levels since Oct. 15. The U.S. manufacturing sector is in a deep recession, according to at least one indicator. U.S. government debt yields rose Friday, as bond prices fell after stronger than expected…

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china’s-$36-billion-wto-case-win-against-the-us.-is-nothing-more-than-a-sideshow

The World Trade Organization (WTO) allowed China to collect $3.6 billion in tariffs against the United States. The trade war has become so big that the retaliatory tariffs won’t add any layer of tension. The stock market is very likely to consider this development as noise. On Friday, the World Trade Organization (WTO) granted China…

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