CNN: No deal sealed with China could cause a recession in the US economy
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America's CFOs are bracing for a 2020 recession

New York (CNN Business) The longest economic expansion in modern American history could come to a screeching halt right before the 2020 presidential election.

At least that's what US finance leaders fear. Nearly half (48.1%) of chief financial officers in the United States are predicting the American economy will be in recession by the middle of next year, according to the Duke University/CFO Global Business Outlook survey released on Wednesday. And 69% of those executives are bracing for a recession by the end of 2020.

The report echoes previous surveys by Duke and elsewhere that point to next year as a likely trouble spot for the decadelong recovery from the Great Recession.

"We're overdue for one of those cleansing recessions," Duke professor John Graham said in an interview.

Graham said CFOs are growing more certain of a 2020 recession because of the paralyzing consequences of economic and political uncertainty — including trade wars — on business.

"Faced with uncertainty, companies may pause by holding off on spending and hiring. That can turn into a self-fulfilling prophesy," he said.

https://edition.cnn.com/2019/06/12/econo...index.html
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#2
"No deal sealed with China could cause a recession in the US economy."
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#3
Did Trumped bite off than he can chew? 127fs4573872
only blur like sotong emperor kid brother, sotong emperor more blurrer
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#4
u noe wad?
trump is really shaking the corporate world by himself literally n he is enjoying every moment. he has already made a name for himself the day he was voted in.
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#5
Sgtalk HJ master buay zhai liao. Crying Crying
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#6
12-6-2019 10:38 PM
menghuii said:
u noe wad?
trump is really shaking the corporate world by himself literally n he is enjoying every moment. he has already made a name for himself the day he was voted in.
N keep on asking his support to shake with him.
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#7
the trade war exposed another ugly truth.
30% of profits of the 30 dow index companies come from China.
China is driving the US stocks upward with their profitablity.
Trump is killing the goose that lay those golden eggs.
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#8
So if no deal end of June market may drop 1000 points ?....STI 200 points ?...
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#9
TS really stressful about no deal with china? Relax, still got another $300 billion more tariff ready to go. Usa can import more from vietnam or thailand, should be cheaper cos no tariff! Big Grin
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#10
From the way Trump talks likely he will not go through with the rest of the products. Someone must have told him the impact to US economy... gone case.
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