Recessions and depressions

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 - 3:20 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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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 - 1:37 pm
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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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 18, 2019 - 6:31 pm
BERKELEY HEIGHTS, N.J. (AP) — President Donald Trump said Sunday the economy is "doing very well" and dismissed concerns of recession, offering an optimistic outlook after last week's steep drop in the financial markets. "I don't think we're having a recession," Trump told reporters as he returned...
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FILE - In this Aug. 12, 2019, photo specialist Peter Mazza works at his post on the floor of the New York Stock Exchange. Stocks of companies that do lots of business with China are obvious targets to sell when trade worries rise, and they’ve lagged sharply behind the rest of the market whenever President Donald Trump sends out a tariff tweet. But investors are also looking way beyond these first-order effects, as they pick out which stocks look most vulnerable to the trade war. (AP Photo/Richard Drew, File)
August 18, 2019 - 11:58 am
NEW YORK (AP) — Looking across the stock market, it's hard to find a company that isn't vulnerable in some degree to the U.S.-China trade war. Stocks of companies that do lots of business with China, such as chipmakers and other technology companies, are obvious candidates for investors to sell...
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Trader Peter Tuchman works on the floor of the New York Stock Exchange, Friday, Aug. 16, 2019. Stocks are opening broadly higher at the end of a turbulent week. (AP Photo/Richard Drew)
August 17, 2019 - 11:22 am
You're not the only one confused about where the economy is headed. Just look at the stock market, where perplexed investors have been sending stocks on a wild ride in August. And there could be plenty more where that came from. Two notoriously volatile months for stocks lie just ahead. Stocks...
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President Donald Trump reacts at the end of his speech at a campaign rally, Thursday, Aug. 15, 2019, in Manchester, N.H. (AP Photo/Patrick Semansky)
August 17, 2019 - 6:29 am
WASHINGTON (AP) — President Donald Trump is warning of an economic crash if he loses reelection, arguing that even voters who personally dislike him should base their ballots on the nation's strong growth and low unemployment rate. But privately, Trump is growing increasingly worried the economy...
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FILE - In this June 12, 2019, file photo, personal shopper and stylist Kat Yeh looks at shoes for a client in San Francisco. One of the fastest-growing job categories of the past decade has been in what economists call "wealth work": Catering to the whims, desires and appetites of the wealthy. California officials announced Friday, Aug. 16, 2019, that job growth in the world's fifth largest economy is now in its 113th month, tying the expansion of the 1960s as the longest on record. (AP Photo/Haven Daley, File)
August 16, 2019 - 6:10 pm
SACRAMENTO, Calif. (AP) — California's job growth is now in its 113th month, tying the expansion of the 1960s as the longest on record as the world's fifth largest economy continues its recovery from the Great Recession, officials announced Friday. The country's most populous state needs between 8,...
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Traders John Romolo, left, and George Ettinger work on the floor of the New York Stock Exchange, Friday, Aug. 16, 2019. Stocks are opening broadly higher at the end of a turbulent week. (AP Photo/Richard Drew)
August 16, 2019 - 5:23 pm
You're not the only one confused about where the economy is headed. Just look at the stock market, where perplexed investors have been sending stocks on a wild ride in August. And there could be plenty more where that came from. Two notoriously volatile months for stocks lie just ahead. Stocks...
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A man stands as a car goes by an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Aug. 16, 2019. Asian shares were mixed Friday as turbulence continued on global markets amid ongoing worries about U.S.-China trade conflict. (AP Photo/Eugene Hoshiko)
August 16, 2019 - 7:40 am
LONDON (AP) — Global stock markets looked set to end a turbulent week on a positive note although worries about the U.S. economy and the trade conflict between the U.S. and China still have the potential to derail Friday's recovery. Investors in stocks were spooked earlier this week by developments...
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File - In this Tuesday, March 5, 2019, file photo, an employee in protective clothing works with a steel pouring ladle during a guided media tour at the steel producer Salzgitter AG in Salzgitter. The German economy shrank by 0.1 percent in the second quarter from the previous quarter as global trade conflicts and troubles in the auto industry weighed on Europe's largest economy. (AP Photo/Markus Schreiber)
August 15, 2019 - 8:06 pm
WASHINGTON (AP) — How fragile is the global economy? The U.S.-China trade war is weakening businesses in both countries, Germany's economy shrank in the second quarter, and Britain appears headed for a disruptive exit from the European Union this fall. Those trends have hammered American...
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