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

US Futures Surge, Global Markets Rise Amid Lull In Bad News

By StevieRay Hansen

Second Corinthians 9:6 says, “Remember this: whoever sows sparingly will reap sparingly, and whoever sows generously will reap generously.” The context is actually speaking about investing…

Read More

Nomura: Yesterday Was A Complete Rout, Raising Odds Of September “Lehman Shock”

By StevieRay Hansen

When a society ignores the law, lawlessness is the result, and chaos ensues. The time of the judges after Joshua’s death was marked by upheaval,…

Read More

Hong Kong Activist Leader Calls For A Run On Chinese Banks Tomorrow

By StevieRay Hansen

To be lawless is to be contrary to the law or to act without regard to the law. Laws are necessary in a sinful world…

Read More

Next Problem-Hyperinflation

By StevieRay Hansen

The public has lost faith in our institutions and political bodies after having been so obviously, comprehensively and repeatedly lied to over the years. Key…

Read More

U.S. Oil Companies Slash Gulf of Mexico Production as the Storm Bears Down

By StevieRay Hansen

Paul often clarified the difference between his ministry and that of false teachers by pointing out their greed. In 2 Corinthians 2:17 he wrote, “Unlike so many, we do…

Read More

Drain the Swap: Pedostein Kingpin Takedown Analysis

By StevieRay Hansen

Evil is usually thought of as that which is morally wrong, sinful, or wicked; however, the word evil can also refer to anything that causes harm,…

Read More

The Effects of a Falling US Dollar on the Economy of the United States Birth Pains

By StevieRay Hansen

The Tribulation is a future time period when the Lord will accomplish at least two aspects of His plan: 1) He will complete His discipline…

Read More

$1,400,000,000,000 Gone In Less Than A Week – Stock Market In Turmoil As The Trade War Dramatically Escalates

By StevieRay Hansen

The apostle Paul reminds his readers that followers of Christ must not build their lives around things that have no eternal significance. Rather than pursuing…

Read More

When You Get An Email Like This From The Fed, It May Be Time To Panic

By StevieRay Hansen

The Greek word for “truth” is aletheia, which literally means to “un-hide” or “hiding nothing.” It conveys the thought that truth is always there, always open…

Read More

The United States, Along with Virtually Every “Developed” Country, Are Effectively Bankrupt

By StevieRay Hansen

What conclusions can be drawn from the above biblical examples? The guidelines for a Christian’s civil disobedience can be summed as follows: • Christians should…

Read More

StevieRay Hansen

Leave a Comment