Recessions and depressions

German Chancellor Angela Merkel, right, and German Finance Minister Olaf Scholz, left, talk as they arrive for the weekly cabinet meeting at the Chancellery in Berlin, Germany, Wednesday, Aug. 21, 2019. The German government sold 30-year bonds at a negative interest rate Wednesday Aug. 21, 2019, in a sign of the clouds over markets and future growth as well as increased expectations that more central bank stimulus is likely on the way.(AP Photo/Michael Sohn)
August 21, 2019 - 11:55 am
FRANKFURT, Germany (AP) — Imagine lending money to someone and having to pay for the privilege of doing so. Or being asked to invest and informed of how much money you'll lose. Sounds absurd, but increasingly that's the global bond market these days. A rising share of government and corporate bonds...
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FILE - In this July 18, 2019, file photo, shipping containers are loaded onto a cargo ship at a port in Nantong in eastern China's Jiangsu province. Beijing appealed to Washington on Wednesday, Aug. 21, to "meet China halfway" and end a tariff war after President Donald Trump said Americans might need to endure economic pain to achieve longer-term benefits. (Chinatopix via AP)
August 21, 2019 - 4:37 am
BEIJING (AP) — Beijing appealed to Washington on Wednesday to "meet China halfway" and end a tariff war after President Donald Trump said Americans might need to endure economic pain to achieve longer-term benefits. A foreign ministry spokesman, Geng Shuang, expressed hope Washington can "get along...
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President Donald Trump speaks during a meeting with Romanian President Klaus Iohannis in the Oval Office of the White House, Tuesday, Aug. 20, 2019, in Washington. (AP Photo/Alex Brandon)
August 20, 2019 - 1:35 pm
WASHINGTON (AP) — President Donald Trump says his administration is a looking at tax cut proposals but not as a response to a potential recession. He says, "I'm looking at that all the time anyway." Trump talked about the economy and trade with China during a meeting Tuesday in the Oval Office with...
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White House counselor Kellyanne Conway talks with reporters at the White House in Washington, Monday, Aug. 19, 2019. Conway declares that the “fundamentals” of the U.S. economy are strong, citing benchmarks to support her contention. The job market does look solid, yet the factory and housing sectors are struggling and financial markets are sounding the alarm that growth is much shakier than the administration says. (AP Photo/Susan Walsh)
August 19, 2019 - 5:34 pm
WASHINGTON (AP) — The "fundamentals" of the U.S. economy are solid, the White House asserted on Monday, invoking an ill-fated political declaration of a decade ago amid mounting concern that a recession could imperil President Donald Trump's reelection. Exhibiting no such concern, senior adviser...
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FILE - In this April 10, 2019, photo JPMorgan Chase chairman and CEO Jamie Dimon testifies before the House Financial Services Committee during a hearing on Capitol Hill in Washington. A group of influential CEOs, which included Dimon, is changing its view on corporations, saying it’s no longer just about shareholders. The Business Roundtable said Monday, Aug. 19, that its new statement on “the purpose of a corporation” emphasizes that all stakeholders are important, which includes workers, suppliers, customers and the communities their businesses are in. (AP Photo/Patrick Semansky, File)
August 19, 2019 - 1:59 pm
The "shareholder comes first" has for years been the mantra of the Business Roundtable, a group that represents the most powerful CEOs in America and their thinking. A new principles on the role of a corporation released Monday implies a foundational shift, putting shareholders on more equal...
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FILE - In this Tuesday, Feb. 12, 2019 file photo, the sun sets over the city of Frankfurt with the buildings of the banking district. Germany, Europe's industrial powerhouse and biggest economy, with companies like Volkswagen, Siemens and BASF, may be entering a recession, according to a gloomy report from the country's central bank Monday, August 19, 2019. (AP Photo/Michael Probst, File)
August 19, 2019 - 12:20 pm
BERLIN (AP) — Germany, Europe's industrial powerhouse and biggest economy, with companies like Volkswagen, Siemens and BASF, may be entering a recession, according to a gloomy report from the country's central bank Monday — a development that could have repercussions for the rest of the eurozone...
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August 19, 2019 - 9:31 am
NEW YORK (AP) — The latest on developments in financial markets (all times local): 11:45 a.m. Stocks are moving solidly higher in midday trading on Wall Street led by gains in technology companies. Chipmakers and other tech stocks were doing well Monday after the U.S. gave Chinese telecom giant...
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Trader David O'Day works on the floor of the New York Stock Exchange, Monday, Aug. 19, 2019. Technology stocks were leading indexes higher on Wall Street after the U.S. gave Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. (AP Photo/Richard Drew)
August 19, 2019 - 9:05 am
Stocks marched broadly higher on Wall Street in midday trading Monday, building on solid gains from a rally late last week. Technology stocks accounted for a big share of the move higher after the U.S. gave Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers...
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President Donald Trump speaks with reporters before boarding Air Force One at Morristown Municipal Airport in Morristown, N.J., Sunday, Aug. 18, 2019. (AP Photo/Patrick Semansky)
August 19, 2019 - 8:22 am
WASHINGTON (AP) — A strong majority, 74%, of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump's economic policies that they expect a recession in the U.S. by the end of 2021. The economists surveyed by the National Association for Business...
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White House chief economic adviser Larry Kudlow talks with reporters outside the White House, Tuesday, Aug. 6, 2019, in Washington. (AP Photo/Evan Vucci)
August 18, 2019 - 7:36 am
BERKELEY HEIGHTS, N.J. (AP) — President Donald Trump's top economic adviser is trying to play down fears of a looming recession after last week's sharp drop in the financial markets. Larry Kudlow says the economy will perform well in the second half of 2019. Kudlow says consumers are seeing higher...
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