The Economist (May 28)
Signs suggest “America’s markets are entering a new, more worrying phase.” Falling share prices could initially be attributed to the Federal Reserve’s policy moves, but “in recent weeks share prices have kept falling, even as bond yields have dropped back,” a combination suggesting recession. “Indeed, the mix of Fed tightening, slowing gdp and rising production costs has the ominous feel of the later stages of a business cycle. The expansion is barely two years old. Yet investors are already worried that corporate profits are under threat.”
Tags: Bond yields, Business cycle, Expansion, Falling, Fed, GDP, Investors, Markets, Ominous, Production costs, Profits, Recession, Share prices, Signs, Tightening, U.S., Worried, Worrying
Boston Globe (October 23)
In yet “another ominous virus sign,” confirmed new COVID-19 cases “in Massachusetts jumped by 986 Thursday—the highest count of new cases in nearly five months—as more than 20 percent of the state’s cities and towns were designated high-risk for the virus.”
LA Times (June 1)
“For the U.S. and China, it’s not a trade war anymore — it’s something worse.” Though it’s still framed in terms of trade, “the conflict with China has widened beyond the original trade-based issues” and it “now threatens to become a far wider and more ominous confrontation,” potentially a clash of civilizations.
