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Small-business owners have benefited from the Tax Cuts and Jobs Act of 2017, and have used the money to expand their businesses, according to NFIB.
The investment bank pointed to a host of reasons, even Modern Monetary Theory, as factors in its forecast.
October's 1.7% fall means that in the last year output has fallen 5.7% — the steepest year-on-year decline since 2009.
The bank's own economists, however, say there's only a 20% chance of a recession hitting within the next year.
Famed economist David Rosenberg lays out the evidence that recession risks are alive and well — and warns a ‘state of denial’ h...
In an op-ed, Rosenberg lays out the most crucial pockets of the economy that are slowing down, and warns a "state of denial" has gripped investors.
JPMorgan’s top strategist called out Icahn, Soros and other ‘Armageddonists’ who fuel recession fears
Michael Cembalest said that negative thoughts were hampering returns.
Blackstone CEO Schwarzman reportedly calls recession fears ‘overblown.’ The firm’s chief strategist warns one may hit next year.
"The current government has been good for the business community, and for economic confidence," CEO Stephen Schwarzman told Financial News.
The market’s favorite recession indicator has stopped flashing red. But the Duke professor who created it told us everyone should still be prepa...
Duke professor Campbell Harvey thinks the economic growth landscape is troubling enough to worry about, even if the yield curve curve has uninverted.
Nearly 60% of banks need to make changes or they’ll struggle during the next downturn, McKinsey says
"A prolonged economic slowdown with low or even negative interest rates could wreak further havoc," the consultancy said.
Goldman Sachs says the trade war is ‘kicking the tires’ of growth — and doesn’t expect it to spark a recession
The banking titan argued the size of the growth impact, the Fed's easing, and resilient business activity made a downturn unlikely.