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A $265 billion investment chief says one of the most valuable economic indicators is signaling a recession in about 18 monthsScott Minerd oversees $265 billion in assets as global CIO of Guggenheim Partners. He sat down with Business Insider's Sara Silverstein at the World Economic Forum in Davos, Switzerland. 🤔🤔🤔
Source: BusinessInsider - 🏆 729. / 51 Read more »
The economy may have just saved itself from a surefire recession — here’s why that should quell fears of a stock market crashNew data from Leuthold Group suggests the market is going through a 'recovery refresh' period. The firm's CIO explains why that could boost stocks. pay wall/ didn't read
Source: BusinessInsider - 🏆 729. / 51 Read more »
China says it can achieve sustainable economic growthChina says its economy can achieve sustainable economic growth despite 'a lot of uncertainties in 2019' ReutersDavos Of course it’s always easier to say, never trust this guy & his slaves They need to turn off the great firewall before they should be involved in any decision making. This anti-human corporate globalism borders on their traditional communism in social control so unfortuntely you'll all probably go for it. Well no one wants China to sink to a depression, the world is feeling the pinch it’s in now. Though they can’t grow at those percentages real figures please. Hard to trust a gagged and blindfolded country!
Source: Reuters - 🏆 2. / 97 Read more »
U.S. economy could see zero growth if shutdown continues, White House adviser says“The second-quarter number would be humongous if the government reopened. It would be like 4 or 5 percent,” Kevin Hassett, chairman of Trump’s Council of Economic Advisers, told CNN. I thought the Economy was booming? Does he still have that goofy smile going on? Yuckkevinhassett
Source: Newsweek - 🏆 468. / 52 Read more »
Trump Economic Adviser: Shutdown May Halt Growth This QuarterThe chairman of the White House Council of Economic Advisers admitted Wednesday that the U.S. economy could see 0 percent growth in the first quarter due to the partial government shutdown. “If [the shutdown] extended for a whole quarter and given the fact that the first quarter tends to be low because I bet this guy misses his pay check. That is why he so negative on economy? Time for Trump to fire this fellow & replace him by a more positive guy in academia?
Source: YahooNews - 🏆 380. / 59 Read more »
Economic data, commodities and markets
Source: TheEconomist - 🏆 6. / 92 Read more »