Fed reserve was. Much on the top and hasnt responded nothing gets a lot out of what has happened but its not for fools who want to get anything like 2000. So another big slowdown scare this week was actually germany after the official g. D. P. Think i showed a contraction on point one percent in q tip so we may already be in a 2nd quarter of the contraction which would meet that textbook definition of a recession is the german recession already on its way and similarly whats the most important metric to follow when trying to make that call. I think it is germanys having a recession and germanys christ didnt have a credit because german banks and german policies are actually discouraged brought in borrowing and theyve survived mainly on huge strides. But that is a selfinflicted problem as germans are obsessed with running a balanced budget or even better that i think runs us but theres more monetary theory in the sauces if the government runs a service because the private sector they ha
Ever since 1071. 00 have always rallied following the fed rate cuts for an average of 6 months markets now currently anticipate a cut from the e. C. B. As deposit rate of at least 10 bits and a resumption of bond buying meanwhile mexico also joined the global easing tide and became the latest country to surprise with a rate cut the 1st in 5 years canada whose yield curve inverted by the most in nearly 2 decades is likely to cut next the bank of japan also announce that it will step in with further cuts and bond purchases in order to keep yields from sliding thailand also plans to step up with a 10000000000. 00 economic boost in order to hit their 3 percent growth and counter an economic slowdown so while markets are now enjoying a temporary reprieve getting a lift from government stimulus worldwide this is borrowed time a rate cut will not save us from recession but it can buy us time like a temporary steroids shot for the market as to. Radar is now price and a floor of negative indica
John deere a bellwether for the agriculture and farming industry missed earnings and lowered guidance on friday due to the high degree of uncertainty around the u. S. Trade war with china Equipment Sales at the manufacturer declined 3 percent compared with the same last quarter fell in many men machinery manufacturer caterpillar also mr earnings and revenue estimates last month and cited farmers disappointment and postponement of major equipment purchases this data falls in line with previous reports of a slowdown in capacity as businesses tighten spending as trade war head winds intensify retail sales in the u. S. Were decent for the month of july as it increased by point 7 percent in july versus a cement point 3 percent the study pace of Consumer Spending is somewhat we assure and of the healthy labor market and the Unemployment Rate however keep in mind that these tend to be lagging indicators recessions have always followed through an all time low Unemployment Rate. And here now to
A vegetative state. Next hour kevin and takes you through the weeks top stories. On the cars are up for. Theyre going to do this is done on a. Summers solution here. Its summertime on cars the record everything is sunning. States actually you and i are going to be on vacation while everybody in the world is looking at the solutions that we offer to all the stories that we cover on kaiser report we talked to the likes of no reprints steve keen Michael Hudson we look for solutions to the problems of the world and in fact this 1st segment were introducing this notion of our Summer Solutions for 21000 is i want to say like i want to solution to the kaiser report the kaiser report exists only because of all of the Financial Economic and monetary skullduggery out there in the world and if that didnt exist then we wouldnt need kaiser report its like james grant there are Interest Rate observer said about the head of the Federal Reserve bank their 1st act if he was to take over would be to fir
Vegetative state. 247 news line from the russian capital welcome to our to international my names union our top story google has been accused of interfering in last years long mark abortion referendum an hour and by block of this thing certain prolife search terms on you tube in the run up to the vote the allocation of the tech giant may have attempted to influence the outcome has angered those who voted against allowing abortion in the country protests are taking place in dublin right now with more on the story here is the point. When you can. Expect to see them a relevant result but how do you know that hasnt been many. Well according to recent revelations you dont in fact its alleged that google which owns you tube. With its you tube search results on the eve of the irish abortion referendum according to the project veritas investigative website google is alleged to have manipulated its algorithms and employed socalled blacklists on you tube a leaked document shows terms such as sav