Recessions and depressions

FILE - In this Wednesday, Sept. 4, 2019 file photo, incoming President of the European Central Bank Christine Lagarde speaks to the European Parliament's Economic and Monetary Affairs Committee in Brussels. Newly appointed European Central Bank head Christine Lagarde makes her first official assessment Thursday, Dec. 12, 2019 of the mixed bag that is the eurozone economy, which suffers from slowing manufacturing and global trade even as consumer spending helps prop up growth. (AP Photo/Francisco Seco, File)
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December 12, 2019 - 11:30 am
FRANKFURT, Germany (AP) — Christine Lagarde is wasting no time in putting her stamp on the European Central Bank. The bank's new president said at her first news conference Thursday that she will lead a top to bottom review of how the institution sets monetary policy, looking at everything from how...
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FILE - In this April 7, 2016, file photo Federal Reserve chair Janet Yellen, left, and former Federal Reserve chairs Ben Bernanke, center, and Paul Volcker, right, react as they listen to former Fed Chair Alan Greenspan appearing via video conference, during a panel discussion in New York. Volcker, the former Federal Reserve chairman died on Sunday, Dec. 8, 2019, according to his office, He was 92. (AP Photo/Kathy Willens, File)
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December 09, 2019 - 11:58 am
Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died, according to his office. He was 92. Volcker took charge of the Fed in August 1979, when the U.S. economy...
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FILE - In this March 8, 2019, file photo, work continues on an outdoor observation deck on the 30 Hudson Yards office building in New York. Business economists expect U.S. economic growth to slow this year and next, but they say the economy will avoid recession. (AP Photo/Mark Lennihan, File)
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December 09, 2019 - 9:47 am
Washington (AP) — The nation’s business economists expect U.S. economic growth to decelerate this year and next but for the economy to avoid stumbling into recession, extending a record-breaking expansion already in its 11th year. The latest survey by 53 forecasters with the National Association...
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December 09, 2019 - 3:32 am
BERLIN (AP) — German exports posted a second consecutive month-on-month increase in October, defying economists' expectations of a slight decline. The Federal Statistical Office said Monday that exports rose 1.2% compared with the previous month. That followed a 1.5% increase in September. In year-...
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FILE - In this Nov. 27, 2019, file photo Balo Balogun labels items in preparation for a holiday sale at a Walmart Supercenter in Las Vegas. On Friday, Dec. 6, the U.S. government issues the November jobs report. (AP Photo/John Locher, File)
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December 06, 2019 - 4:26 pm
WASHINGTON (AP) — American businesses have complained for years that they can’t find the workers they need to fill available jobs. November’s robust hiring gain suggests that at least some have found a way to do so. With the unemployment rate now at a half-century low of 3.5%, many economists have...
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Hong Kong Chief Executive Carrie Lam speaks during a press conference at the Legislative Council in Hong Kong, Tuesday, Dec. 3, 2019. (AP Photo/Vincent Thian)
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December 03, 2019 - 3:46 am
HONG KONG (AP) — Hong Kong leader Carrie Lam said Tuesday that clashes between protesters and police last weekend have dampened her hopes that a recent lull in violence would allow the territory’s economy to recover. The government will soon launch a fourth round of measures to support business,...
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December 02, 2019 - 6:17 pm
JEFFERSON CITY, Mo. (AP) — A new report finds that many states are in better shape than ever to weather a potential recession. The report released Monday by Moody’s Analytics says 28 states have enough cash on hand to survive a moderate recession without having to resort to spending cuts or tax...
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FILE - In this Oct. 19, 2019, file photo Eldon Sylvester harvest soybeans in his field near Wamego, Kan. On Wednesday, Nov. 27, the Commerce Department issues the second estimate of how the U.S. economy performed in the July-September quarter. (AP Photo/Charlie Riedel, File)
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November 27, 2019 - 1:08 pm
WASHINGTON (AP) — A series of government reports Wednesday cast a picture of a steadily growing U.S. economy, fueled by solid consumer spending and defying threats — at least for now — from a U.S.-China trade war and a global slowdown. The Commerce Department estimated that the economy grew at a...
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Democratic presidential candidate former Vice President Joe Biden speaks to local residents, Saturday, Nov. 23, 2019, in Des Moines, Iowa. (AP Photo/Justin Hayworth)
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November 25, 2019 - 10:51 am
LAS VEGAS (AP) — U.S. Rep. Dina Titus of Nevada is endorsing Joe Biden, becoming the first sitting member of Congress from an early voting state to endorse a presidential candidate. Titus says in a statement Monday that she feels Biden is the candidate best prepared to defeat President Donald Trump...
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A currency trader talks on the phone at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Nov. 14, 2019. Asian stock markets were mixed Thursday amid doubts about the status of a U.S.-Chinese trade deal after the U.S. Federal Reserve’s chairman said it is likely to leave its benchmark interest rate unchanged. (AP Photo/Ahn Young-joon)
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November 14, 2019 - 7:58 am
BEIJING (AP) — Global stock markets slipped Thursday amid doubts about a U.S.-Chinese trade deal and after the U.S. Federal Reserve chairman said it is likely to leave its benchmark interest rate unchanged. London and Frankfurt were trading lower after Tokyo and Hong Kong closed down for the day...
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