Why Business Confidence is Plummeting: the ‘Chaotic’ Environment Makes Planning Problematic

It’s hard to find an optimist these days. Business confidence, measured by the Business Confidence Index (BCI), decreased some 1.3% in June from the same month last year. And according to the index, June’s 99.82 reading is just below the 100-mark, indicating a pessimistic bent. Those numbers reflect uncertainty over how trade may affect expenditures […]

‘The Fed Cannot Stop the Bleeding’: Wall Street Banks See Increasing Odds of Recession After Trade War Escalation

Wall Street has been hesitant to cry recession for 2020—that is, until the latest escalation in Trump’s trade war. Banks are increasingly using the “r” word following President Trump’s tweet on Thursday announcing an additional 10% tariffs on $300 billion of Chinese imports currently untouched—due to be implemented Sept. 1. Morgan Stanley said Monday that, […]