Tag «stock market»

Lori Wallach and Michael Hudson Debate Trump’s Plan to Impose Steel & Aluminum Tariffs

Lori Wallach and Michael Hudson Debate Trump’s Plan to Impose Steel & Aluminum Tariffs

JUAN GONZÁLEZ: “Trade wars are good, and easy to win.” That’s the message President Trump tweeted on Friday, sending shockwaves across the globe and sparking fears of impending economic volatility. On Thursday, world stock markets tumbled after Trump announced he’s imposing new tariffs on imports of foreign steel and aluminum. The new tariffs—25 percent on …

The chart that predicts recessions

The chart that predicts recessions

A crisis of confidence. Automobile production dropped 37 and a half percent. Wall Street reacted very badly. If you were looking at a very specific type of line. You see, normally, this line points slightly upward — like here, in September 1977. But about a year later, it started pointing the other way, just slightly! …