‘Whiff of U.S. recession’? It’s in the air again amid China trade fallout

The U.S. economy has taken a turn for the worse — and it doesn’t look as if things will get much better anytime soon.

Don’t miss: Memorial Day 2019: Everything investors need to know about trading hours, market closures The spillover is evident not just in updates on the economy, it’s also infecting stocks. After topping 26,500 at the end of April, the Dow Jones Industrial Average DJIA, +0.37% has lost about 1,000 points. And stocks are unlikely to make much headway as long as the dispute drags on.

“The U.S. still has a rock solid labor market,” said chief economist Scott Anderson of Bank of the West.The Federal Reserve, for its part, cast aside plans to keep raising interest rates this year. The result has been a sharp decline in the cost of borrowing for new cars, new homes and other consumer and business loans.

...and that economist will give all sorts of excuses in thirty days why they were wrong.

Go aheed

that whiff has been has become a total stink

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