Tag: Recession and Depression

Latest Warning Sign for Markets: A Possible ‘Earnings Recession’

Fears of a looming United States recession have subsided, with investors taking comfort that the Federal Reserve will continue to support economic growth. But warning signs keep flashing about the shaky fundamentals of the economy and therefore the stock market. The latest alarm bell is that Wall Street analysts are slicing their forecasts for how […]

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To Avoid a Recession, Start Spending Now

The strong economic growth of mid-2018 — the stock market soared, hiring picked up and consumer spending surged — reflected, in part, the benefits of a boost in fiscal stimulus. The Trump administration pushed for, and got, a huge tax cut, and then, to give the economy even more oomph, Congress passed budgets for fiscal […]

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Greece, 10 Years Into Economic Crisis, Counts the Cost to Mental Health

ATHENS — Greece’s decade-long economic crisis has taken a heavy toll: Hundreds of thousands of jobs were lost, incomes were slashed and taxes were raised. Hopes for the future were dashed. For Anna, 68, the crisis had particularly devastating consequences. Her husband, a retired bus driver, killed himself in a park two years ago at […]

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Italy Slides Into Recession as Europe Stalls, Stoking Global Fears

Italy has officially slipped into recession, and Europe as a whole is essentially at an economic standstill, raising anxieties that the world is on the verge of a significant slowdown. The timing could not be worse. The lousy performance of the Italian economy, reported on Thursday, is likely to aggravate relations between the European Commission […]

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The World Economy Just Can’t Escape Its Low-Growth, Low-Inflation Rut

ImageThe New York Stock Exchange this month. Markets went haywire at the end of 2018, but what story were they telling?CreditJohannes Eisele/Agence France-Presse — Getty Images Fears of an imminent recession, which caused major turbulence in financial markets at the end of 2018 and beginning of 2019, have eased a bit. That’s the good news. […]

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The Sum of Some Global Fears

The last global economic crisis, for all its complex detail, had one big, simple cause: A huge housing and debt bubble had emerged in both the United States and Europe, and it took the world economy down when it deflated. The previous, milder recession, in 2001, also had a single cause: the bursting of a […]

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Wall St. Is Making a Comeback. Was It Something the Fed Said?

Stocks have staged a remarkable turnaround in the early days of 2019, rebounding after an end-of-the-year tailspin that was fomented by fears of recession in the United States. Three straight weeks of gains in the new year on Wall Street have erased nearly all of 2018’s losses. It’s the best start to a year since […]

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‘The Shutdown Makes Me Nervous’: Young People Caught Up in Impasse

Stella Blaylock has not been sleeping well since before Christmas, when her father was furloughed in the partial government shutdown and unexpectedly extended his holiday vacation. Days later, her mother was laid off from her job as a federal contractor. A sixth grader at Williamsburg Middle School in Arlington, Va. — a Washington, D.C., suburb […]

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December Jobs Report: Here’s What to Watch For

The Labor Department will release its official hiring and unemployment figures for December at 8:30 a.m. on Friday, offering the latest picture of the American economy. Wall Street analysts anticipate a job gain of about 180,000 in December, a pickup from November’s increase of 155,000. That would be a solid cap to a year of […]

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Common Sense: This Expert Called the Market Plunge. Here’s What He Sees in 2019.

A year ago, in the wake of President Trump’s tax cut, euphoric investors pushed the Dow Jones industrial average past 25,000, a record. The Dow had just gained 25 percent in 2017, and the Nasdaq had leapt 28 percent. Volatility was so low that there wasn’t a single day in 2017 when the S&P 500 […]

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What Should You Do About a Falling Stock Market? Nothing

Millions of investors will receive year-end statements from their brokerages and retirement plan managers in the coming weeks, and the great majority of them will have unpleasant news: losses. The Standard & Poor’s 500 index finished the year down 6.2 percent, with the steepest declines recorded in the fourth quarter. With Apple’s announcement of disappointing […]

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Economy Is Strong. Leadership Is Shaky. Which Will Win Out in 2019?

Sometime in the last couple of months, predictions of a major economic downturn or recession in 2019 went from being a crank view to the conventional wisdom. It is true that the global economy is sputtering, and that the stock market is in its worst pullback in a decade. But this sense of gloom and […]

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Trump Wants the Fed to ‘Feel the Market.’ That’s Pretty Good Advice, Actually.

ImagePresident Trump and Jerome Powell at the White House in November 2017.CreditCarlos Barria/Reuters Usually, older businessmen who are unhappy about what the Federal Reserve is doing grumble to their golfing buddies, or maybe appear as guests on CNBC. The president prefers Twitter. But in his latest inveighing on monetary policy, President Trump actually made a […]

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The Economy Faces Big Risks in 2019. Markets Are Only Now Facing Up to Them.

ImageTraders outside the New York Stock Exchange this week. Worries about the economy’s future are finally starting to affect stock prices, even though the economy remains strong.CreditMary Altaffer/Associated Press After another week of exceptional volatility on Wall Street that has pummeled stock portfolios, there are two closely related questions worth asking. First, why is this […]

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With the Economy Uncertain, Tech ‘Unicorns’ Rush Toward I.P.O.

SAN FRANCISCO — For years, Uber and Lyft put off going public. Now, they are speeding up. Faced with a volatile stock market and the prospect of an economic downturn next year, the ride-hailing services have moved more urgently toward an initial public offering, said four people with knowledge of the companies’ plans, who were […]

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Walmart Shoppers Get Holiday Surprise From Tyler Perry: Debts Forgiven

When Walmart shoppers visited their local stores this week, some walked out with a holiday surprise. On Thursday, the actor and producer Tyler Perry announced on Instagram that he would pay off layaway accounts in two stores in the Atlanta region, totaling $432,635. Days earlier, Gayle Benson, a billionaire philanthropist and owner of the New […]

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When C.E.O.s Cared About America

ImageSenator Elizabeth Warren spoke at American University in Washington, D.C., on Thursday.CreditT.J. Kirkpatrick for The New York Times The October 1944 edition of Fortune magazine carried an article by a corporate executive that makes for amazing reading today. It was written by William B. Benton — a co-founder of the Benton & Bowles ad agency […]

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Global Growth Cools, Leaving Scars of ’08 Unhealed

LONDON — Only a few months ago, the world’s fortunes appeared increasingly robust. For the first time since the wealth-destroying agony of the global financial crisis, every major economy was growing in unison. So much for all that. The global economy is now palpably weakening, even as most countries are still grappling with the damage […]

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Argentina Once Saw G-20 as a Chance to Shine. Bad News Got in the Way.

BUENOS AIRES — When plans were first made for Argentina to play host to the heads of state of the world’s top economies at this week’s Group of 20 summit meeting, the government saw the gathering as a golden opportunity to portray Argentina as a prosperous, stable nation. But when the world leaders arrive in […]

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