Recessions and depressions

FILE - In this Aug. 23, 2019, file photo pedestrians pass the New York Stock Exchange in New York. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Sept. 6. (AP Photo/Frank Franklin II, File)
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September 08, 2019 - 11:17 pm
TOKYO (AP) — Asian shares were mostly higher Monday as the week started with a mix of economic data for the region and the U.S. Japan's benchmark Nikkei 225 rose 0.5% in early trading to 21,294.14. Australia's S&P/ASX 200 edged up nearly 0.1% to 6,652.20. South Korea's Kospi gained 0.6% to 2,...
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FILE - In this July 31, 2019, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. Federal Reserve Chairman Jerome Powell said Friday, Sept. 6, 2019 that the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will "act as appropriate to sustain the expansion."(AP Photo/Manuel Balce Ceneta, File)
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September 06, 2019 - 5:43 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Friday that the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will "act as appropriate to sustain the expansion." Powell gave an upbeat view of the U.S...
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FILE - In this Aug. 23, 2019, file photo pedestrians pass the New York Stock Exchange in New York. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Sept. 6. (AP Photo/Frank Franklin II, File)
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September 06, 2019 - 4:55 pm
Major U.S. stock indexes finished little changed Friday after a day of mostly quiet trading capped the S&P 500's second straight weekly gain. The market shook off an early stumble thanks largely to gains in health care stocks, makers of consumer products and retailers. Technology,...
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FILE - In this March 2, 2018 file photo, a worker cleans big machine parts of presses manufacturer Schüler AG in Goeppingen, Germany. German factory orders, a leading indicator of the health of Europe's biggest economy, dropped strongly in July, erasing gains from the previous month. The Federal Statistical Office reported Thursday industrial orders dropped 2.7% in July over June when adjusted for seasonal and calendar factors, wiping out a 2.7% June increase. (Marijan Murat/dpa via AP)
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September 06, 2019 - 5:12 am
BERLIN (AP) — German industrial production declined for a second consecutive month in July in the latest sign that Europe's biggest economy is headed for a recession in the current quarter. The Economy Ministry said Friday production was 0.6% lower than the previous month, following a 1.1% drop in...
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FILE - In this Aug. 23, 2019, file photo pedestrians pass the New York Stock Exchange in New York. Global stock markets were mostly lower Tuesday, Sept. 3, amid revived jitters over U.S.-Chinese trade tension, while wrangling by British lawmakers over whether to try to postpone Brexit saw the pound fall further. (AP Photo/Frank Franklin II, File)
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September 03, 2019 - 5:08 pm
Technology companies drove a broad slide in U.S. stocks Tuesday as disappointing economic data and the latest escalation in the trade war between the U.S. and China put investors in a selling mood. The Dow Jones Industrial Average slumped more than 280 points as the market gave back some of its...
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FILE - In this June 12, 2019, file photo General Motors employees work on the chassis line as they build the frame, power train and suspension onto the truck's body at the Flint Assembly Plant in Flint, Mich. On Tuesday, Sept. 3, the Institute for Supply Management, a trade group of purchasing managers, issues its index of manufacturing activity for August. (Jake May/The Flint Journal via AP, File)
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September 03, 2019 - 4:31 pm
WASHINGTON (AP) — The U.S.-China trade war and slower global growth are weighing on the U.S. economy, reducing factory output in August for the first time in three years. A survey by the Institute for Supply Management, an association of purchasing managers, on Tuesday showed that factory...
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FILE - In this Aug. 23, 2019, file photo trader Peter Mancuso works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Aug. 30. (AP Photo/Richard Drew, File)
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August 30, 2019 - 5:17 pm
Major U.S. stock indexes ended little changed Friday after a listless day of trading ahead of the Labor Day holiday weekend capped a solid week of gains for the market. A late-afternoon flurry of buying gave the S&P 500 its third straight gain. The benchmark index also snapped a string of four...
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Two people steer their paddle boards over the river Main with the buildings of the banking district in background in Frankfurt, Germany, late Tuesday, Aug. 27, 2019. (AP Photo/Michael Probst)
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August 30, 2019 - 5:34 am
BRUSSELS (AP) — Inflation in the 19-country eurozone was stuck at a low annual rate of 1% in August, potentially bolstering the argument for the European Central Bank to provide more stimulus to the economy when it meets next month. Statistics agency Eurostat said Friday that the inflation rate was...
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FILE - In this Aug. 21, 2019, file photo trader Jeffrey Vazquez works on the floor of the New York Stock Exchange. On Thursday, Aug. 29, stocks are opening higher on Wall Street as investors hope that new talks set for September can result in progress in resolving the U.S.-China trade dispute. (AP Photo/Richard Drew, File)
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August 29, 2019 - 11:22 pm
BEIJING (AP) — Asian stocks rebounded Friday on hopes U.S.-Chinese talks next month might produce progress toward ending a costly tariff war over trade and technology. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney all followed Wall Street higher. Investors were encouraged by a Chinese...
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FILE - In this June 19, 2019, file photo cargo ships are docked at the Port of Los Angeles in Los Angeles. On Thursday, Aug. 29, the Commerce Department issues the second estimate of how the U.S. economy performed in the April-June quarter.(AP Photo/Marcio Jose Sanchez, File)
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August 29, 2019 - 2:23 pm
WASHINGTON (AP) — The U.S. economy slowed in the spring, and most analysts expect it to weaken further in the months ahead. Yet the main driver of growth — consumer spending — remains vigorous enough to keep the economy growing steadily if still modestly. Spending by households, which accounts for...
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