via
Heather Long
Can the US stay solid with so much trouble around the globe? It’s a key q…
Germany
UK
Italy
Mexico
Brazil
Argentina
Singapore
South Korea
Russia
washingtonpost.com/business/2019/08/15/key-countries-are-verge-recession-driving-fears-us-could-follow/ #economy #stocks
Nine major economies around the world are in recession or on the verge of one, raising fears that a global economic slowdown could help tip the United States into an economic contraction as well.
The ugly stock market drop Wednesday began after bad news from two of the world’s largest economies. China reported the worst manufacturing output in 17 years, and Germany said that its economy actually shrank in the spring.
9 key countries are on the verge of recession, driving fears the U.S. could follow
Nine major economies around the world are in recession or on the verge of one, raising fears that a global economic slowdown could help tip the United States into an economic contraction as well.
The ugly stock market drop Wednesday began after bad news from two of the world’s largest economies. China reported the worst manufacturing output in 17 years, and Germany said that its economy actually shrank in the spring.
Many of the countries slowing down or in recession have a common problem: They are heavily dependent on selling goods overseas. And this is not a good time to have an export-driven economy. China’s slump and President Trump’s trade war are undercutting the global exchange of goods that had helped power the global economy for decades, and some of these countries are seeing sharp declines in exports.
In other nations, notably Argentina and Russia, long-standing problems at home are bubbling over at a moment when global investors are skittish and quick to bolt, which exacerbates trouble.
via Otavio (Tavi) Cost:
18 economies now have 30-year yields inverted vs. the Fed Funds rate.
Thailand just joined the pack today for the first time in its history.
Not a healthy picture.
Global yield curve is massively inverted.