The Dow was down 160 points, the S&P 500 is down 17 points, while the Nasdaq was down 45 points and logging the largest percentage loss falling 1%.
Our unemployment rate is officially 6.1% and 93,000,000 Americans are no longer in the labor pool.
Bring back jobs to America.
Now.
A “poisonous combination” of record debt and slowing growth suggest the global economy could be heading for another crisis, a hard-hitting report will warn on Monday.
It warns of a “poisonous combination of high and rising global debt and slowing nominal GDP [gross domestic product], driven by both slowing real growth and falling inflation”. The total burden of world debt, private and public, has risen from 160 per cent of national income in 2001 to almost 200 per cent after the crisis struck in 2009 and 215 per cent in 2013.
“Contrary to widely held beliefs, the world has not yet begun to delever and the global debt to GDP ratio is still growing, breaking new highs,” the report said. Luigi Buttiglione, one of the report’s authors and head of global strategy at hedge fund Brevan Howard, said: “Over my career I have seen many so-called miracle economies – Italy in the 1960s, Japan, the Asian tigers, Ireland, Spain and now perhaps China – and they all ended after a build-up of debt.”
Can’t speak for other regions but it’s happening here. Textiles, furniture. New plants springing up, old ones staffing back up and expanding.
I do fear that it’s fragile and susceptible to several factors, natural gas prices and dollar strength chiefly among them, but thankfully those two tend to counter each other.