Timothy Sumer

America's largest banks are beginning to prepare for a shallow recession this year with the major lenders tightening up their loan books. The market reaction to the news was positive as share prices for the banks went up over the weekend helping the Australian market boost this morning with the ASX market opening at a 0.32 per cent rise.... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing US Banks Begin Bracing for Shallow Recession As the economic landscape continues to shift, US banks are starting to brace themselves for what some experts are calling a shallow recession. A combination of factors, including slowing economic growth, rising trade tensions, and geopolitical uncertainties, have prompted banks to take precautions in order to weather the storm. This preparation comes after a decade of economic expansion following the global finan...

The Australian's Washington Correspondent Adam Creighton says there is “doom and gloom” in the US as fears grow for a recession, with the cash rate continuing to climb. “There’s been lots of doom and gloom over here – the cash rate, the interest rate here – has gone from basically zero to 4.75 per cent in about 12 months, that’s a very rapid increase,” Mr Creighton told Sky News host Sharri Markson.... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Title: Doom and Gloom in the US: Fears Rise for a Looming Recession Introduction: As the US economy continues to show signs of stress, concerns about an impending recession are intensifying. The "doom and gloom" sentiment has begun to cast a shadow over various sectors, with policymakers and economists closely monitoring the situation. This article delves into the underlying causes and ...

Sky News contributor Steve Price believes Australia is heading down the road towards a recession with inflation still high in the country. “This seems to have all developed really quickly in the last month or so,” Mr Price told Sky News host Sharri Markson. “You’re starting to hear a lot of evidence of people with six figures salaries … doing it really hard. “We are, I think, heading down the road to a recession and it just feels like it now may be inevitable.”... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing ‘We are heading down the road to a recession’: Concerns over Australia's economic future Australia, once celebrated for its robust economy and uninterrupted growth, is now grappling with the uncomfortable reality that it may be heading towards a recession. As the world deals with the ongoing COVID-19 pandemic, the Australian economy...

AMP Chief Economist Shane Oliver says a sharp slowing in economic growth will cause a “very high” risk of Australia entering a recession by early 2024. “The risks are becoming increasingly skewed and every interest rate hike by the RBA increases that risk,” Mr Oliver told Sky News Australia.... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing The risk of Australia entering a recession by next year is ‘very high' As the world grapples with the economic fallout of the ongoing global pandemic, many countries are experiencing severe economic downturns. Australia, known for its robust economy, is not immune to these risks. In fact, experts are warning that the risk of Australia entering a recession by next year is 'very high,' raising concerns about the nation's economic future. The Covid-19 pandemic has inflicted immense damage on A...

AMP Deputy Chief Economist Diana Mousina says there is a “50 per cent chance” Australia will head into a recession. “Our level of interests rates is sitting at a level that’s much more contractionary for Australia relative to where interest rates are in the US,” Ms Mousina told Sky News Australia. “Inflation’s coming down, which share markets generally tend to like.”... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing '50 per cent chance’ recession could hit Australia As the global economy continues to face numerous challenges, Australia may not be immune to the possibility of a recession. According to recent reports, there is a 50 per cent chance that Australia could experience an economic downturn in the near future. The outbreak of the COVID-19 pandemic severely disrupted economies worldwide, and Australia was not exempt from its impa...

As the risk of recession looms over Australia’s economic outlook, Sky News business reporter Edward Boyd looks back to the 90s as well as forward to the latest data that is tipping the pendulum right now.... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Recession Risk Looms Over Australia’s Economy Australia's economy has been facing increasing uncertainty and volatility in recent months, with the risk of a recession becoming a growing concern. As the country confronts a range of challenges, including a global economic slowdown, declining consumer confidence, and political uncertainty, experts warn that Australia may not be able to maintain its long period of economic growth. One of the major contributing factors to Australia's economic vulnerability is its heavy reliance on the Chinese economy. China is Australia's largest trading...

Australia’s latest consumer confidence figures suggest April was the weakest month since late 1990, which was the point Treasurer Paul Keating declared, “this is the recession Australia had to have”, says Sky News Business Editor Ross Greenwood.... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Consumer confidence has taken a significant hit in recent times, with the levels dropping to the weakest points since the 1990s. The readings taken from the Westpac-Melbourne Institute Index of Consumer Sentiment have been dismal, showing a mere 89.6 points in May 2019. This sharp decline in consumer confidence has been causing a lot of concern in the industry, with many people worried about the impact it could have on the economy. The last time consumer confidence was this low was back in 1991, when former Prime Minister Paul Keating famously declared th...

Assistant Minister for Competition and The Treasury Andrew Leigh says Australia has an inflation problem because of “busted supply chains” and the war in Ukraine. “The government's working hard on the supply side, the Reserve Bank on the demand side, and together economists believe that inflation will be back in the target band within a couple of years,” Mr Leigh told Sky News Australia.... ( read more ) LEARN ABOUT: Investing During Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Australia is currently experiencing a period of elevated inflation, which can be attributed to a variety of factors. Two key contributors to this issue are busted supply chains and the ongoing war in Ukraine. Supply chains are the backbone of global trade, forming the networks that enable goods to be produced, transported, and sold. However, the COVID-19 pandemic has severely di...

AMP Chief Economist Shane Oliver says a four per cent increase in the cash rate, pushing mortgage payments to record levels, would elevate recession odds to 50/50. "At the moment, I think it's a close call, but if you get above four per cent, then yes, I would be very worried about a recession," Mr Oliver told Sky News Australia.... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Write an article about 'It's a close call': Chief economist discusses the risk of recession in English https://inflationprotection.org/rewrite-this-title-its-a-close-call-chief-economist-discusses-the-risk-of-recession/?feed_id=104000&_unique_id=647b5df1aa5d6 #Inflation #Retirement #GoldIRA #Wealth #Investing #6328575044112 #Australia #fb #msn #yt #RecessionNews #6328575044112 #Australia #fb #msn #yt

New Zealand Bureau Chief Jessica Maggio says New Zealand is “definitely” heading into recession and it’s “likely to happen” in the second half of next year. The Reserve Bank of New Zealand Governor has “basically admitted” to “deliberate engineering or recession,” said Ms Maggio. “To slow spending and to bring that inflation back down.”... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing New Zealand is ‘Definitely’ Heading into Recession New Zealand is one of the most beautiful countries in the world, renowned for its stunning scenery, friendly locals and vibrant culture. However, it seems that the country is now headed for economic difficulty, with many experts predicting that NZ will soon enter into a period of recession. With the Covid-19 virus having a significant impact on the global economy, many countries have already suffered, and now i...

US Treasury Secretary Janet Yellen has spoken to Face The Nation and says there’ll be “no bailout” of Silicon Valley Bank after its collapse, according to CommSec’s Craig James. “They’re focused on protecting the depositors and insured deposits of up to $250,000 likely to be paid later today,” he told Sky News Australia. “It is a big week, and we’ll be watching the news flow coming out from the Federal Reserve, the regulators … and also the Treasury Secretary again, Janet Yellen.” Presented by CommSec.... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The US Treasury Secretary, Steven Mnuchin, has made it clear that there will be no bailout for Silicon Valley Bank following its collapse. Speaking at a press conference on Tuesday, Mnuchin stated that the bank's failure was due to poor management and risky investments,...

The Central Bank of Switzerland will be bailing out Credit Suisse to reassure investors the company has enough money to stay afloat. This comes after Credit Suisse’s shares nosedived by more than 24 per cent, and the company will borrow $81 billion from Switzerland’s Central Bank. Adding to global financial jitters, American lenders Silicon Valley Bank and Signature Bank collapsed over the weekend, leading to a US government bailout.... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The Central Bank of Switzerland has recently stepped in to bail out Credit Suisse, one of the country's largest banks. This move comes after Credit Suisse reported significant losses in the first quarter of 2021, which were largely attributed to the collapse of Archegos Capital Management, a US investment firm. The Central Bank's interv...

ANU Crawford School of Public Policy Warwick McKibbin says central banks should prioritise dealing with the high "inflation shock" worldwide by increasing interest rates. "The financial parts of the Fed and other regulatory agencies need to deal with the financial instability at the same time but using different instruments," he told Sky News host Sharri Markson. "It's important if inflation isn't tamed now, the cost to the economy and low-income individuals will be far worse than the impact of higher interest rates for a shorter period."... ( read more ) LEARN ABOUT: Investing During Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Interest rates, the cost of borrowing money, have been kept low for years by central banks around the world to stimulate economic growth in a post-financial crisis environment. However, with ri...