Will There be a Recession Soon?
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
President Trump Introduces 4th Round of Tariffs
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 causin
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