and if ya believe that, i got a bridge for sale
Posted on 01/24/2016 1:37:44 PM PST by EBH
successfully navigated, global growth could be derailed."
Of the warning signs, the decline in U.S. industrial production has one of the best track records. The output from mines, factories and utilities has always begun to decline before recession strikes.
"Manufacturing tends to lead the economic cycle and it tends to be an indicator of the swings," said Thomas Costerg, senior economist at Standard Chartered. "Manufacturing is struggling."
A strong U.S. dollar and weak economies internationally are taking a toll. But unlike past declines in industrial production, today's decline has been driven primarily by the collapse in the oil industry. The output from U.S. factories has been little changed over recent months. But mining output has fallen over 10%, driven by a 62% decline in oil- and gas-well drilling.
Corporate profits, too, have been weighed down by the energy industry. An analysis from Goldman Sachs Global Investment Research found that profit margins among the companies in the S&P 500 stock index--if energy companies are excluded--have been little changed over the past year. It is only by including major laggards like Exxon Mobil Corp., Chevron Corp. and Valero Energy Corp. that U.S. corporate profit margins shrink.
If it were just oil companies in decline, the worries would be easier to dismiss, but the falling stock market could unnerve many consumers who hadn't previously been alarmed. In a recession, falling confidence--which hasn't shown up so far--typically leads households to pull back on purchases
(Excerpt) Read more at msn.com ...
You left out this part:
“On the bright side, the U.S. job market is perhaps the best recession indicator of all, and it isn’t flashing trouble.”
“In the past 50 years, every recession has seen the number of jobs in the economy decline by at least 1%. And jobs have never declined by that much outside of a recession.”
“Today, the number of jobs in the U.S. has been growing briskly—up 292,000 in December and up 2.7 million over the past year. This is why many economists remain confident the U.S. can avoid recession.”
Interestingly, MSN has this headline for the article:
“Recession Indicators Flashing Red”.
The original article in the WSJ has an entirely different headline:
“Recession Warnings May Not Come to Pass”
Posted what I found and the source...didn’t know I was required to multi-source before posting.
“Posted what I found and the source...didn’t know I was required to multi-source before posting.”
Sorry, I should have been clearer. I had no intent to imply that you had done anything wrong. I thought I had been clear that MSN had changed the headlines from the original article in the WSJ. This change by MSN.COM significantly misrepresented the original article.
No, but Acme Rocket skates delivers.
and if ya believe that, i got a bridge for sale
as long as these leftists have their pat govt jobs or their foundation jobs, they don't give a damn how many working families are destroyed.
What does that mean - like the 1930s one?
It will likely be worse.
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