wsj.com
Globally, during this cycle:
-China has had strong industrial production, but weak consumer spending.
-Europe has been relatively weak both in industrial production and consumer spending.
-The United States has been strong in consumer spending, but relatively weak in industrial production.
Lyn Alden • July 2024 Newsletter: Rates Insensitivity in the Downcycle
but it has taken off recently as the Trump administration has pursued policies like attacks on the Federal Reserve’s independence and threats of a new trade war with Europe that are worrying investors anew.
nytimes.com
As markets braced for another meltdown triggered by President Donald Trump's sweeping tariffs, Democrats hammered the president for spending the weekend golfing rather than responding to Americans' fears that their retirement accounts are plummeting with the markets.
Trump left Washington, D.C., for Florida on Thursday to attend a LiV Golf... See more
Trump left Washington, D.C., for Florida on Thursday to attend a LiV Golf... See more