On Wednesday, the yield on the 10 year Treasury bond dipped below the 2-year rate. The inversion of the bond yield curve is a common sign for the beginning of a recession, which scared off investors and dropped Dow Jones a whopping 3% (800 points). Despite all the current panic surrounding speculations of an emerging recession, according to Credit Suisse, we shouldn’t be worried. Credit Suisse has been tracking 7 key factors of the economy, for past recessions dating back to November, 1973: yield curve, inflation trends, job creation, credit performance, ISM mfg., earning quality, and housing market. For each past recessions, usually 6 out of the 7 economic factors are exemplifying recession
President Donald Trump tweeted on Thursday that a new tariff on 300 billion dollars worth of consumer goods imported from China will be established. This new policy, if implemented, will not only have a lasting impact on the global economy, but also on American consumers. A multitude of different consumer good manufacturers have already felt the impact of the impending tariff, such as Best Buy dropping 11% after Trump tweeted his decision. Despite the trade war already causing major issues for consumer electronic companies, the consumer good that will most be impacted by the new tariff are shoes. According to the Footwear Distributors & Retailers of America, 70% of all shoes sold in the US a
