The benefits of this ‘strong economy’ have not reached all Americans

4 in 10 adults still say they don’t have enough savings to cover a $400 emergency expense, according to the latest #FederalReserve report on the economic well-being of #Americans. While that is an improvement over 2013, when half of Americans said they could not cover a $400 expense, it remains elevated at a time when #unemployment is so low and wages are rising.

A substantial number of Americans - 45% - still rate the current #economy as 'only fair' or 'poor,' according to a Gallup poll in November. Though that is better than in recent years, it is still far higher than November 2000, when only 29% of Americans gave the economy a poor grade. About 4.8 million Americans who want full-time employment are stuck in part-time jobs, according to the Labor Department. That is still above the pre-recession level and, even more alarming, has jumped by 423,000 since August.


#WorldEconomy #EconomicOutlook #EconomicPolicy #AmericanEconomy #EconomicGrowth #EconomicSlowdown #EconomicRisk #EconomicRecession #UnitedStates
The benefits of this ‘strong economy’ have not reached all Americans
https://www.washingtonpost.com/business/2018/12/13/benefits-this-strong-economy-have-not-reached-all-americans/

#America's finance chiefs fear the economic expansion is nearly over. Almost half (48.6%) of #US #CFO believe the #UnitedStates will be in recession by the end of next year, according to the Duke University/CFO Global Business Outlook survey. And 82% of CFOs surveyed by Duke believe that a #recession will begin by the end of 2020.

The CFO survey's pessimism about 2019 will raise eyebrows because mainstream economists are still projecting steady, albeit slower, growth next year. Wall Street has begun to sniff out an #economicslowdown, evidenced by the wave of selling and extreme volatility infecting the stock market. The S&P 500, down 8%, is on track for its worst quarter since 2011. Banks, which are especially exposed to economic trouble, have plummeted. The outlook for 2020 looks more precarious. Just 18% of the CFOs polled by Duke believe the United States will avoid a recession prior to the end of 2020.


#WorldEconomy #EconomicOutlook #EconomicPolicy #AmericanEconomy #EconomicGrowth #EconomicRecession #EconomicRisk #Economy
Nearly half of US CFOs fear a 2019 recession
https://edition.cnn.com/2018/12/12/economy/recession-economy-cfos-duke/index.html

Some of the US’s top economists are the most worried they’ve been in years about the country’s economy. According to WSJ’s monthly survey of economists, about 85% of those surveyed said the risks for the #USeconomy were tilting to the downside - the most since at least the start of 2015. The recent spate of trade fears has been blamed for both the sell-off in US stock markets and businesses’ slowing of capital expenditures.

Economists at JPMorgan, Bank of America Merrill Lynch, and Goldman Sachs agreed that US #GDPgrowth would slow in H2 of 2019, and they say the trade war could make such an economic slowdown even worse. While none of the Wall Street banks predicted a #recession, they also suggested the economic risks were firmly titled toward the downside.


#WorldEconomy #EconomicOutlook #EconomicPolicy #AmericanEconomy #EconomicGrowth #EconomicSlowdown #EconomicRisk #EconomicRecession #UnitedStates
#Trump’s #tradewar with #China is the biggest threat to the US economy in 2019, and it’s making economists the most worried they’ve been in years
https://www.businessinsider.com/trump-china-trade-war-tariffs-biggest-2019-us-economic-threat-2018-12/

President Donald #Trump’s economic officials are reassuring investors about recent white-knuckle stock market volatility, while Trump’s political advisers are increasingly alarmed that the #economy could present a stiff 2020 campaign headwind. Many of Trump’s political allies acknowledge that his reelection prospects hinge in large part on how Americans judge their economic prospects at the time of the next election.

Friday's job (Dec 7) numbers provided little reassurance, with the Labor Department reporting that employers added 155,000 jobs last month, a figure well below expectations of 198,000. Compounding the worry is Trump’s trade showdown with China, which poses a risk to the global economy. Over dinner at last weekend’s G-20 summit, Trump and Chinese President Xi Jinping agreed to pause their escalating trade fight for 90 days as they search for a long-term agreement. But since then, Trump has shaken markets with bellicose trade talk.


#GlobalEconomy #AmericanPolitics #POTUS #Politics #AmericanPoliticians #America #GOP #Republicans #TrumpAdministration #AmericanEconomy #EconomicRisks #EconomicRecession #EconomicPolicy #TradeWar
Trump advisers fear 2020 nightmare: A recession
https://www.politico.com/story/2018/12/07/trump-2020-election-economy-recession-trade-war-1048197

Do you know the #Greatest #Invention of #Mankind ?
What about the greatest 'CURSE'.....WATCH


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RBS has advised clients to brace for a “cataclysmic year” and a global deflationary crisis, warning that major stock markets could fall by a fifth and oil may plummet to $16 a barrel.
The bank’s credit team said markets are flashing stress alerts akin to the turbulent months before the Lehman crisis in 2008. “Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small,” it said in a client note.
Andrew Roberts, the bank’s research chief for European economics and rates, said that global trade and loans are contracting, a nasty cocktail for corporate balance sheets and equity earnings. This is particularly ominous given that global debt ratios have reached record highs.
“China has set off a major correction and it is going to snowball. Equities and credit have become very dangerous, and we have hardly even begun to retrace the 'Goldlocks love-in' of the last two years,” he said.
Mr Roberts expects Wall Street and European stocks to fall by 10pc to 20pc, with even an deeper slide for the FTSE 100 given its high weighting of energy and commodities companies. “London is vulnerable to a negative shock. All these people who are ‘long’ oil and mining companies thinking that the dividends are safe are going to discover that they’re not at all safe,” he said.

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#Brazil's economy continued to shrink in Q1 of 2016, contracting by 0.3%. It was the fifth consecutive quarter in which the economy has shrunk. The Instituto Brasileiro de Geografia e Estatistica (IBGE) also said that Brazil's GDP fell by 5.4% YoY - which was also better than the 6.1% contraction forecast by Itau Unibanco.

The #OECD cut its economic growth forecast for Brazil, citing political and corruption concerns. The #Brazilianeconomy is now expected to contract by 4.3% this year. Production fell in all the 3 main economic sectors: agriculture, industry and services. Exports were a rare bright spot, however, increasing by 6.5% compared with Q4 after a sharp fall in the value of the real.

#WorldEconomy #LatinAmerica #LatAm #EconomicData #Economy #EconomicOutlook #EconomicRecession #EconomicReform #EmergingMarkets
Brazil's economy shrinks for fifth consecutive quarter
http://www.bbc.com/news/business-36425427