hard to know when isolated announcements become something more. Since last November General Motors has cut several thousand factory jobs at plants across the Midwest. In early AugustSteel said it would lay off 200 workers in Michigan. Sales of camper vans dropped by 23% in the 12 months ending in July, threatening the livelihoods of thousands of workers in Indiana, where many are made. Factory workers are not the only ones on edge.
But most recessions follow a cycle of tightening monetary policy, during which the Federal Reserve raises interest rates in order to prevent inflation from running too high. The first rumblings of downturns usually appear in areas in which growth depends heavily on the availability of affordable credit. Housing is often among the first sectors to wobble; as rates on mortgages go up, this chokes off new housing demand.
Things may yet turn around. The Fed reduced its main interest rate in July and could cut again in September. If buyers respond quickly it could give builders and the economy a lift. But housing is not the only warning sign. Manufacturing activity also tends to falter before other parts of an economy. When interest-rate increases push up the value of the dollar, exporters’ competitiveness in foreign markets suffers. Durable goods like cars or appliances pile up when credit is costlier.
In some sectors, technological change makes it difficult to interpret the data. Soaring employment in oil industries used to be a bad sign for the American economy, since hiring in the sector tended to accompany consumer-crushing spikes in oil prices. But America now produces almost as much oil as it consumes, thanks to the shale-oil revolution. A recent fall in employment and hours in oil extraction may be a bad omen rather than a good one.
Recession, the wet dream of the Left...go fuck yourselves
realDonaldTrump is hurting US manufacturing, retailers and farmers. He and spineless GOP are damaging US competitiveness and stiffing US workers - while creating $1 trillion deficits and no investment in infrastructure - SAD!! JoeBiden ewarren PeteButtigieg BetoORourke
Your bias is showing..
alllibertynews Thats because no amount of gov waste can make a crap product not crap.
Help educate people to know where to relocate to - in order to get job if the area they are in is DRY in terms of jobs. Hope in a decent life for all - working toward retirement … Hope in peace.
Uh duh. For years now
Signs of a recession.
realDonaldTrump thought you saved factory jobs in the Trump economy?
May already facing a recession? Wait another month and you'll see the s!t storm of a recession POTUS has created!
All of their own making!
Lazy DemoCraps who do not want to work and want everything for free have always been in recesion.
ASE Obv doesn’t take pseudo science to pt that out! How much research do you need. It’s called Capitalism
We will have so much winning if I get elected that you may get bored with winning.' -- Donald Trump, 9/9/2015
That’s what you voted for!
Do I have a graph for you...
As someone who is in the middle of relocating from Elkhart Indiana to Orange County Ca, the housing market in Indiana seems to be pulling back. We are leaving this area because of the lack of opportunity
After weeks of RECESSION propaganda by the liberal, Trump-hating media, Consumer Confidence dropped a little. They may be pleased that they are damaging Trump and his re-election chances, but if they help recession happen, it will be working-class people who will suffer most.
CrestinaRubalca get ready for it because everything trump touches DOES DIE!!!
WildGrizzlyBea2 They still love the looser..
ARE there I fixed it for you
I like a replica of the Candice bot that is old as farmy in the head to be the only Hoosier because I am pretty sure that these noggers blo* me!
NIRP for all will surely save us...
______________________________ “Beneath the scab of the Donald Trump presidency, I fear an ugly scar will be revealed to always remind us how painful a wound he inflicted upon our democracy.” September 1, 2019 8xGramps
Come on - do not beat around the bush. You got it horribly wrong on Trump last time- doggedly insisting he will lose badly. Now tell us - will he win or lose? Random speculations I can also get my local hair cutting shop😀
The simple economy of silently murdering poor people. Its beauty, its elegance. The freedom of the rich to exercise their power over consumers. Can we liquify the assailable dead to feed the insatiable undead? All this and more! Trump2020