Nine States Headed For Recession In Six-Months, Most Since Financial Crisis

Featured Story

This image has an empty alt attribute; its file name is Bankster-Logo-2.png

President Trump’s core campaign promise was to “Make America Great Again,” through a revival of the manufacturing complex via launching a trade war against China and debt-fueled tax cuts for corporations. Most of the recovery, well, it was a sugar high, that by the time late 2018 rolled around, economic growth rates started to reverse. 

Manufacturing data on Friday was more confirmation that an industrial recession continues to persist and could be broadening into early 2020. Now the slowdown appears to be spreading to nine states that are teetering on the edge of a recession. 

The Federal Reserve Bank of Philadelphia published new leading index data for 50 states for November 2019 last week. The leading indexes are a six-month forecast of the coincident state indexes that show nine US states are expected to plunge into a recession within six-months – this is the most significant number of states to slide into a contraction since the financial crisis.

State leading indexes for November show that West Virginia’s economy is headed for a significant downturn. The coal industry is in tatters, manufacturing is busting, and an opioid crisis continues to ravage local communities across the state. 

Delaware, Vermont, Oklahoma, Montana, Iowa, Kentucky, and Connecticut are other states where leading indexes are indicating an economic contraction could occur in the next six months.  

Leading indicators suggest Midwest and Rust Belt states will record marginal growth in the next six months, but we should note that growth rates have quickly faded in these states where farming and manufacturing have gone bust. 

Bloomberg data shows nine states are headed for an economic contraction; this is the highest amount since July 2009. 

An industrial recession is broad-based at the moment, spreading to nine states, with the risk of infecting another 14 states in the Midwest and Rust Belt by 2021. 

President Trump will be hitting the campaign trail momentarily and visiting many of these states where he promised an economic revival. Source ZeroHedge.com

This image has an empty alt attribute; its file name is Bankster-Logo-2.png

StevieRay Hansen
Editor, Bankster Crime

MY MISSION IS NOT TO CONVINCE YOU, ONLY TO INFORM YOU…

“Have I therefore become your enemy by telling you the truth?”

Tagged Under: #Fraud #Banks #Money #Corruption #Bankers


Don't Miss

STAGGERING GLOBAL DEBT OF $253 TRILLION IS A DISASTER WAITING TO HAPPEN

By StevieRay Hansen

Global debt has reached a staggering $253 trillion. This is a disaster waiting to happen, as the world’s total debt surged by some $9 trillion…

Read More

12 Signs That The Economy Is Seriously Slowing Down As 2020 Begins

By StevieRay Hansen

Lost in all of the headlines about Iran and impeachment is the fact that the U.S. economic slowdown which began during the latter stages of…

Read More

Oil Prices Jump as the US, Iran Trade Blows

By StevieRay Hansen

Experts believe that the market will self-correct as it did on multiple occasions in 2019 despite Mideast tensions US President Donald Trump’s decision to assassinate…

Read More

Bernanke Hints At Negative Rates, “Purchases Of Private Securities” To Fight Next Recession

By StevieRay Hansen

…We can’t rule out the possibility that, at some point in the next few years, our economy will slow, perhaps significantly. How would the Federal Reserve…

Read More

What Upstanding Citizens Believe Vs. What Crazy Conspiracy Theorists Believe

By StevieRay Hansen

Authored by Caitlin Johnstone via Medium.com, Source Crazy, stupid conspiracy theorists believe a mature worldview requires skepticism toward power. Smart upstanding citizens believe the government is your…

Read More

The Next Ten Years In Oil Markets

By StevieRay Hansen

An eventful 2019 wraps up a decade of turmoil in oil markets, in which Brent Crude prices fluctuated from as high as US$125 a barrel in 2012 to as…

Read More

Chasing Apple Shares Higher Here “Is Extremely Dangerous”

By StevieRay Hansen

Greed is responsible for much sorrow. The Bible says in 1 Timothy 6:10, “the love of money is the root of all kinds of evil.” But is greed…

Read More

Deplorables Versus The Ruling Class: A Global Struggle

By StevieRay Hansen

Consider the age of monarchs.  Squabbling barons select a supreme ruler – a king or an emperor — to suppress the squabbling.  Peace and prosperity return…

Read More

Congress gives America a special Christmas present: higher taxes

By StevieRay Hansen

You’ve got to hand it to these people– Congress really knows how to bring out the holiday cheer. They have some sort of pathological need…

Read More

Making A Fortune: 19 Million Public Employees Across America Cost Taxpayers Nearly $1 Trillion

By Editorial Opinions

For the first time in history, 19 million public employee salaries at every level of government across America have been mapped and posted online. The…

Read More

StevieRay Hansen

Leave a Comment