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

BancorpSouth Bank:Transgender robber convicted of stealing to fund sex change operations

By StevieRay Hansen

The Golden Rule is doing to others what you would want them to do to you. If you were living a life controlled by a…

Read More

Ichimoku Signal Alert For BancorpSouth Bank (NYSE:BXS) as Cloud Conversion Line Reading Touches (9, 26, 52, 26)}}

By StevieRay Hansen

Today, the list of capital sins is as follows: pride, greed, lust, envy, gluttony, anger, and sloth. Capital sins derive their name from the Latin caput,…

Read More

Bancorpsouth Bank (NYSE:BXS) Stock Rating Lowered by Stephens

By StevieRay Hansen

The Bible offers quite a few examples of growing wealth through legitimate means. Some are similar to investing—spending money now to make money later. God’s…

Read More

Wells Fargo CEO Tim Sloan steps down as bank struggles to get past scandals

By StevieRay Hansen

The word mammon comes from the Greek word mammonas. Similar root words exist in Hebrew, Latin, Aramaic, Chaldean and Syriac. They all translate to “money, wealth, and material…

Read More

JPMorgan’s Role in Nigerian Oil Deal Has Come Back to Haunt It

By StevieRay Hansen

It’s important to realize that there is a difference between self-interest and selfishness. All people have self-interests which can operate in ways that are not…

Read More

Is This a Warning Sign,Bancorpsouth Bank (NYSE:BXS) Downgraded by ValuEngine

By Editorial Opinions

Greed is a strong and selfish desire to have more of something, most often money or power. There are many warnings in the Bible about…

Read More

Second ex Barclays banker convicted in London Euribor re-trial

By StevieRay Hansen

It is the love of money, and not money itself, that is the problem. The love of money is a sin because it gets in…

Read More

Michael Avenatti fraud case shines a light on bankers, lawyers and money in Biloxi

By StevieRay Hansen

Why is the love of money a root of all kinds of evil? To help us answer this, we must look at the passage in…

Read More

Wells Fargo is the smallest of the four giants that now dominate the U.S. commercial banking business

By StevieRay Hansen

But it has surpassed its larger counterparts in the extent to which it has been embroiled in a series of scandals involving reckless lending practices…

Read More

Banksters Are Coming For You – 4

By StevieRay Hansen

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin cursus, mauris nec suscipit varius, ex nulla accumsan leo, nec pulvinar libero dolor et ante. Cras…

Read More

StevieRay Hansen

Leave a Comment