Recessions and depressions

President Donald Trump and first lady Melania Trump arrive at Andrews Air Force Base, Md., Tuesday, Aug. 27, 2019, for a short trip to the White House after returning from the G-7 Summit in Biarritz, France (AP Photo/Andrew Harnik)
August 27, 2019 - 1:20 pm
WASHINGTON (AP) — President Donald Trump, who last week suggested Fed Chairman Jerome Powell could be an enemy, is now saying that the central bank "loves" the troubles U.S. manufacturers are facing. The president's tweet Tuesday appears to be his latest effort pressure the central bank to lower...
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FILE - In this Aug. 19, 2019, file photo trader Frank Masiello, left, and specialist Anthony Matesic work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Aug. 27. (AP Photo/Richard Drew, File)
August 27, 2019 - 9:43 am
U.S. stock indexes veered lower in midday trading Tuesday, giving up early gains, as investors shifted money into government bonds and other less risky assets. Financial stocks fell the most as bond prices surged, pulling yields sharply lower. The yield on the 10-year Treasury note fell to 1.48%...
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Aug. 27, 2019. Asian shares mostly rose Tuesday as investors found reason to be cautiously optimistic again about the potential for progress in the costly trade war between the U.S. and China. (AP Photo/Eugene Hoshiko)
August 26, 2019 - 10:15 pm
TOKYO (AP) — Asian shares rose Tuesday as investors found reason to be cautiously optimistic again about the potential for progress in the costly trade war between the U.S. and China. Japan's benchmark Nikkei 225 rose 1.1% in afternoon trading to 20,491.03. Australia's S&P/ASX 200 added 0.6% to...
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FILE - This Aug. 23, 2019, file photo shows the New York Stock Exchange in New York. The U.S. stock market opens at 9:30 a.m. EDT on Monday, Aug. 26. (AP Photo/Frank Franklin II, File)
August 26, 2019 - 9:13 am
Stocks marched broadly higher on Wall Street in midday trading Monday after President Donald Trump claimed China was willing to reopen talks on the costly trade war that has roiled markets and dimmed the outlook for global economic growth. Uncertainty remained high, however, about the next...
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French President Emmanuel Macron, center left, and President Donald Trump, center right, participate in a G-7 Working Session on the Global Economy, Foreign Policy, and Security Affairs the G-7 summit in Biarritz, France, Sunday, Aug. 25, 2019. Also pictured is German Chancellor Angela Merkel, left, Canadian Prime Minister Justin Trudeau, second from left, British Prime Minister Boris Johnson, third from left, President of the European Council Donald Tusk, center, Italian Prime Minister Giuseppe Conte, top second from right, and Japanese Prime Minister Shinzo Abe, right. (AP Photo/Andrew Harnik, Pool)
August 25, 2019 - 7:23 am
BIARRITZ, France (AP) — A top Iranian official paid an unannounced visit Sunday to the G-7 summit and headed straight to the building where leaders of the world's major democracies have been debating how to handle the country's nuclear ambitions. The surprise arrival of Iranian Foreign Minister...
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FILE -- In this Friday, July 6, 2018 photo Jens Weidmann, president of the Deutsche Bundesbank, talks as he visits a cabinet meeting at the chancellery in Berlin, Germany. The head of Germany’s central bank is warning against taking an overly pessimistic view of the economic outlook, days after the bank cautioned that the country’s economy, Europe’s biggest, could enter a recession in the current quarter. (AP Photo/Michael Sohn, file)
August 25, 2019 - 2:30 am
BERLIN (AP) — The head of Germany's central bank is warning against taking an overly pessimistic view of the economy, days after the bank cautioned that Europe's biggest economy could enter a recession in the current quarter. The German economy contracted by 0.1% in the April-June period and the...
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FILE - In this June 29, 2019, file photo, President Donald Trump, left, meets with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, Japan. China has announced it will raise tariffs on $75 billion of U.S. products in retaliation for President Donald Trump's planned Sept. 1 duty increase in a war over trade and technology policy. (AP Photo/Susan Walsh, File)
August 23, 2019 - 1:46 pm
WASHINGTON (AP) — President Donald Trump and China escalated their 13-month trade war Friday, sending financial markets tumbling and intensifying worries about the health of the global economy. Trump answered a new round of trade sanctions from China by promising a still-secret response, joking...
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August 22, 2019 - 2:23 pm
PROLE, Iowa (AP) — As the U.S. economy flashes recession warning signs, Democratic presidential candidates are leveling preemptive blame on President Donald Trump. They argue that his aggressive and unpredictable tariff policies are prompting gloomy economic forecasts. Yet they're also straining to...
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The sun rises next to the European Central Bank at the river Main in Frankfurt, Germany, early Thursday, Aug. 22, 2019. (AP Photo/Michael Probst)
August 22, 2019 - 6:48 am
FRANKFURT, Germany (AP) — The European Central Bank is weighing a broad package of stimulus measures including an interest rate cut and new bond purchases to counter worries that economic growth is slowing more than expected amid U.S.-China trade tensions. The written account of the July 25 policy...
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In this Aug. 21, 2019 photo, President Donald Trump arrives at the White House in Washington, as he returns from Louisville, Ky. A new poll finds about 6 in 10 Americans disapprove of President Donald Trump’s overall job performance. The poll released Thursday by The Associated Press-NORC Center for Public Affairs Research finds some support for the president’s handling of the U.S. economy, but it gives him weak marks on other major issues. Just 36% of Americans approve of the way Trump is handling his job as president, and 62% disapprove. Among Republicans, nearly 8 in 10 approve of his overall job performance. (AP Photo/Carolyn Kaster)
August 22, 2019 - 5:02 am
NEW YORK (AP) — About 6 in 10 Americans disapprove of President Donald Trump's overall job performance, according to a new poll released Thursday by The Associated Press-NORC Center for Public Affairs Research, which finds some support for the president's handling of the U.S. economy but gives him...
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