Post Profile






Deutsche: "Recession Risk Is The Highest In Ten Years; It's Time For The Fed To Pause Tightening"

Even before Harvey and Irma were set to punish Texas and Florida, erasing at least 0.4% GDP from Q3 GDP according to BofA and costing hundreds of billions in damages (contrary to the best broken window fallacy, the lost invested capital more than offsets the "flow" benefits from new spending, which is why the US does not bomb itself every time there is a recession to "stimulate growth"), things were turning south for the US economy, so much so that according to the latest Deutsche Bank model, which looks at economic data that still has to incorporate the Irma/Harvey effects, the risk of a recession starting in the next 12 months is near the highest it has been since the last recession.
read more

share

Related Posts


Weekend Reading: The "Real" Vampire Squid

Business & Finance : Zero Hedge

Authored by Lance Roberts via RealInvestmentAdvice.com, First, it was Hurricane “Harvey” and an expected $180 billion in damages to the Texas coastline. Now, “Irma” is speeding her way to the Florida coastline dragging “Jose” in her...

Deutsche Bank Predicts A New Recession...In December 2014

Business & Finance : Business Insider: Money Game

The next recession is coming in December 2014, if the Fed tightens policy in November 2011 as Deutsche Bank expect, according to bank analyst Michael Lewis. Lewis, citing in house research, suggests that it is Fed tightening policy,...

Hurricanes Irma and Harvey could cost Lloyd's of London insurers £150 billion

Business & Finance : Business Insider: Clusterstock

LONDON — Damage caused by Hurricanes Irma and Harvey, and the forthcoming Jose, could cost Lloyd's of London insurers £150 billion ($200 billion). Lloyd's of London is a specialist insurance market where firms broker deals for the b...

Hurricane Harvey's wake of damaged cars and trucks

Business & Finance : LA Times: Business

Perry Smith tried to race Hurricane Harvey. He lost. Now his white Toyota Corolla sits with a broken axle in the parking lot of a Strips convenience store in Rockport, Texas. It is, he admits, probably the end of the road for his tr...

Goldman Slashes Q3 GDP By 30% Due To Hurricane Disaster

Business & Finance : Zero Hedge

Yesterday, when commenting on the impact of Hurricanes Harvey and Irma, we noted that even before the two devastating storms were set to punish Texas, Florida and the broader economy, erasing at least 0.4% GDP from Q3 GDP according ...

Comments


Copyright © 2016 Regator, LLC