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Wed Sep 18, 2019, 02:27 PM

America's CFOs brace for a recession prior to the 2020 election

https://www.cnn.com/2019/09/18/business/cfo-recession-election/index.html

New York (CNN Business)America's top finance chiefs are on high alert for a recession. For the first time in several years, economic uncertainty is now their lead concern, replacing worries about the difficulty of hiring and retaining talented workers.

Fifty-three percent of chief financial officers expect the United States to enter a recession prior to the 2020 presidential election, according to the Duke University/CFO Global Business Outlook survey released on Wednesday. And two-thirds predict a downturn by the end of next year.

US business optimism dropped to a three-year low during the third quarter, the Duke survey said, reflecting a spike in economic uncertainty as the US-China trade war drags on.
Just 12% of US CFOs indicated they have become more optimistic about the domestic economy, down from 44% a year ago, according to the Duke survey.

The findings are consistent with recent surveys of investors and market signals that show a rising risk of a recession.

Business spending to weaken
The risk is that these fears become a self-fulfilling prophesy. When CFOs are nervous, they tend to scale back on spending on things like factories and new equipment. That in turn slows the economy.


They're getting tired of winning.

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Reply America's CFOs brace for a recession prior to the 2020 election (Original post)
IronLionZion Sep 2019 OP
Wellstone ruled Sep 2019 #1
AnnieBW Sep 2019 #2
former9thward Sep 2019 #4
AnnieBW Sep 2019 #5
fescuerescue Sep 2019 #3

Response to IronLionZion (Original post)

Wed Sep 18, 2019, 02:59 PM

1. What this story says is,

 

the upper 1% have taken way to much out to the Disposable Income of the 99% in order for a Consumer Driven Economy to survive.

The Chicago Supply Side Economics Model has failed several times since the Civil War and driven our Country into a Recession or a major Deprecation.

Just listening to Powell doing his presser,he sounds very hesitant as too today's rate cut and he was surprised to the need to put 123 billion Cash into the overnight bank funding operations in order to keep the markets from freezing up on Tuesday and Today.

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Response to IronLionZion (Original post)

Wed Sep 18, 2019, 09:51 PM

2. Shit's Getting Real

My financial advisor (who was actually my parents' financial advisor) called me the other day to discuss putting some of my money into a recession-proof fund. He and his financial institution believe that a recession IS coming, and it will be bad. Like most financial people, he hedges his bets on politics. However, he told me that he's come to believe that DOLT45 doesn't have a clue.

Let's just say that he never steered my parents wrong. Nor me and my husband.

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Response to AnnieBW (Reply #2)

Wed Sep 18, 2019, 11:08 PM

4. It's it interesting he predicts a recession and then offers a "recession proof fund".

Which he make money from. What is this "recession proof fund"?

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Response to former9thward (Reply #4)

Sun Sep 22, 2019, 10:37 PM

5. Market Pegged CD

A CD that is pegged to the market. I don't understand it.

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Response to IronLionZion (Original post)

Wed Sep 18, 2019, 10:46 PM

3. Ironically, bracing for a recession

Is the actual cause of the recession.

Why? because bracing for a recession means you slow spending and start building the bank account. But what causes a recession? A: Slow spending.

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