U.S. Tariff Deal with Mexico, Canada Is Also About Cutting Off China’s Steel

The U.S. has reached an agreement to drop steel and aluminum tariffs on the two countries in return for preventing Chinese steel from coming over their borders into the U.S. In a speech before the National Association of Realtors, President Trump said, “I’m pleased to announce that we’ve just reached an agreement with Canada and […]

“Debt Ceiling” May Become A Political Buzzword This Summer

Of all the economic missteps that can and do happen in the U.S.–prolonged major deficit spending, nonexistent budgets, unpredictable policies, tumultuous tariffs–the worst by far is the possibility of the government defaulting on its payments. But there’s an outside chance of that happening this fall if Congress cannot agree to raise the so-called “debt ceiling.” […]

5 Numbers to Watch to Spot the Next Recession

In June, economists will mark the 10th anniversary of the end of the Great Recession. But even as traumatic memories of that crisis recede, investors collectively have grown more jittery in anticipation of the next one. Market volatility has soared as relatively minor economic setbacks trigger frequent, dramatic selloffs. And over the past 12 months, […]

5 Reasons Jamie Dimon Isn’t Too Worried We’ll See A Recession in 2019

Jamie Dimon released his annual letter Thursday, offering his usual update on JPMorgan Chase’s activities along with a critique of financial regulation and government policy. Reading through the letter, which runs 95 printed pages, one contrarian theme stands out: Unlike many prominent economists and executives, Dimon doesn’t see a recession coming in 2019 or soon […]

Global Markets Drop Over Worries About U.S. and European Economies

Global markets largely took a tumble on Monday, with worries about a possible U.S. recession. Japan’s Nikkei 225 index was was down 3%. The Shanghai composite was off almost 2%, as was Hong Kong’s Hang Seng, with the Shenzhen composite down 0.9%. European stocks had dropped on Friday because of a batch of bad regional […]

U.S. Economic Growth Expected to Slow Sharply in 2019

Chief financial officers and even average U.S. citizens have been bracing themselves for a recession, either this year or next. American executives and investment experts have been more sanguine in surveys, typically discounting the possibility of a significant downturn. And, technically, as a recession means sustained negative economic growth, they still are, according to a […]