While the jobless number is at a near half a century low ? Things ARE sliding downward..... The U.S. economy added a modest 136,000 jobs in September, sending the unemployment rate to a nearly 50-year low, a mixed bag that some economists said was more evidence that the … [Read more...] about U.S. economy added just 136,000 jobs in September…
US Economy
High risk mortgages are back….
The bottom fell out of the American Economy in 2008/2009 mainly on bad mortgages.... The seeds of that situation is creeping back... And those low income Americans seeking an entrance into the housing market are stuck in the middle ... The binge in high-risk lending has … [Read more...] about High risk mortgages are back….
JP Morgan Co…..More Immigrants …Not Less…..
Expect the company to get a tweet for Donald Trump complaining that they are not 'Loyal' to him.... But this view points to the Trump admin's immigration policy as HURTING the US Economy and in that working AGAINST Trump's chance for a second term... Typical Donald … [Read more...] about JP Morgan Co…..More Immigrants …Not Less…..
The U.S. economy grew by 0.1 percentage points slower in the second quarter of 2019…
The American economy is slowing.... There is no doubt .... Donald Trump knows it .... Disregard his projections of a 'Strong' economy that he created... That is just not reality... The U.S. economy grew by 0.1 percentage points slower in the second quarter of 2019 … [Read more...] about The U.S. economy grew by 0.1 percentage points slower in the second quarter of 2019…
U.S. deficit to expand by about $800 billion more than previously expected….
The money US over spend's just keeps growing and GROWING...... America’s federal deficit will expand by about $800 billion more than previously expected over 10 years due primarily to two legislative packages approved this year, pushing the nation further into levels of debt … [Read more...] about U.S. deficit to expand by about $800 billion more than previously expected….
Stock Market take’s another drop on recession worries….
People have been warning about a US Economy down turn for the last 6 months.... It is NO secret... The markets have been jittery looking at Trump's trade war actions.... (There is a weakness around the planet also due the trade war also) A tax cut that wasn't , a … [Read more...] about Stock Market take’s another drop on recession worries….
Bankruptcies rise….
Great Economy? More like a creeping slowdown.... According to data released last week by the ABI, US bankruptcy filings surged by 3 percent in July 2019 from July 2018. A total of 64,283 filings were reported for July, up from 62,241 for July 2018. And if the trend … [Read more...] about Bankruptcies rise….
Stock Market rallies on possible interest rate cut….
Trump has been leaning on Fed Chair Powell to make the cut... While American and foreign economises are slowing.... Trump wants lower interest rates to keep the economy going.... Fed Chairman Jerome Powell, in prepared remarks for Congress, reaffirmed that the Federal … [Read more...] about Stock Market rallies on possible interest rate cut….