Recessions and depressions

People are reflected in a window as they walk past the Australian Stock Exchange in Sydney, Thursday, Aug. 15, 2019. Asian stock markets followed Wall Street lower on Thursday after the Dow Jones Industrial Average plunged on mounting fears of a possible recession. (AP Photo/Rick Rycroft)
August 15, 2019 - 12:35 am
BEIJING (AP) — Asian stock markets followed Wall Street lower on Thursday after the Dow Jones Industrial Average plunged on mounting fears of a possible recession. Market benchmarks in Shanghai, Tokyo and Hong Kong all retreated. U.S. investors dumped stocks, sending the Dow into its biggest one-...
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August 14, 2019 - 4:14 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. The Dow Jones Industrial Average sank 800 points after the bond market flashed a warning sign about a possible recession for the first time since 2007. The yield on the 10-year Treasury briefly dropped below...
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FILE - In this July 30, 2019 file photo, trader Gregory Rowe works on the floor of the New York Stock Exchange. An economic alarm bell is sounding in the U.S. and sending warnings of a potential recession. Yields on 2-year and 10-year Treasury notes inverted early Wednesday, Aug. 14, a market phenomenon that shows investors want more in return for short-term government bonds than they are for long-term bonds. (AP Photo/Richard Drew)
August 14, 2019 - 3:23 pm
NEW YORK (AP) — Compared to the free-swinging and sometimes emotional stock market, the bond market is supposed to be the sober and measured one. It's getting more alarmed. Bonds sounded their loudest warning bell yet of recession on Wednesday, when the yield on the 10-year Treasury briefly fell...
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FILE - In this Thursday, May 16, 2019 photo cars for export and import are stored in front of containers at the harbor in Bremerhaven, Germany. The German economy shrank by 0.1 percent in the second quarter as global trade conflicts and troubles in the auto industry weighed on Europe's largest economy. (AP Photo/Martin Meissner, file)
August 14, 2019 - 10:29 am
FRANKFURT, Germany (AP) — Germany's economy shrank by 0.1 percent in the second quarter as global trade conflicts and troubles in the auto industry held back the largest member of the 19-country euro currency union. The weak performance darkened prospects for the entire eurozone, where the European...
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FILE - In this March 6, 2019, file photo a staff member works on a mobile phone production line during a media tour in Huawei factory in Dongguan, China's Guangdong province. Huawei Technologies Co. is one of the world's biggest supplier of telecommunications equipment. The United States is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street. (AP Photo/Kin Cheung, File)
August 13, 2019 - 4:38 pm
WASHINGTON (AP) — Responding to pressure from businesses and growing fears that a trade war is threatening the U.S. economy, the Trump administration is delaying most of the import taxes it planned to impose on Chinese goods and is dropping others altogether. The announcement Tuesday from the...
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Italian Interior Minister and Deputy-Premier Matteo Salvini is applauded by The League party's lawmakers as he addresses the Senate in Rome, Tuesday, Aug. 13, 2019. Italy’s political leaders scrambled to line up allies and form alliances Tuesday as the country’s right-wing interior minister pressed his demands for an early election in the hope of snagging the premiership as a platform for his anti-migrant, euroskeptic agenda. Senators hastily summoned back from a vacation break convened for a vote on scheduling their consideration of a no-confidence motion lodged by Matteo Salvini’s League party against Premier Giuseppe Conte’s 14-month-old populist government. (AP Photo/Alberto Pellaschiar)
August 13, 2019 - 2:56 pm
ROME (AP) — Italy's political leaders scrambled to line up allies and form alliances Tuesday as the country's right-wing interior minister pressed his demands for an early election in hopes of snagging the premiership as a platform for his anti-migrant, euroskeptic agenda. Senators were hastily...
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Britain's Chancellor of teh Exchequer Sajid Javid during a visit to the National Grid Training Centre in Newark, England, as the UK announced its GDP second quarter figures, Friday Aug. 9, 2019. Britain's Office for National Statistics released figures showing the British economy shrank in the second quarter of 2019, as Brexit uncertainties weighed on business investment. ( Joe Giddens/PA via AP)
August 09, 2019 - 8:28 am
LONDON (AP) — The British economy shrank in the second quarter for the first time since 2012 as Brexit uncertainties weighed on business investment and firms reduced their stockpiling after Britain's departure from the European Union was postponed, official figures showed Friday. The decline is set...
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Dave Daniels stands in front of some of his 575 dairy cows on his farm in Union Grove, Wis., on Tuesday, Aug. 6, 2019. He voted for President Donald Trump, and says he's frustrated to be a political pawn in the trade war. He was disappointed to hear China decided to halt purchases of U.S. farm products but he's happy the two sides are still talking. He says the trade war so far hasn't affected his support for President Trump, but "We'll see what happens in the next few months." (AP Photo/Carrie Antlfinger)
August 06, 2019 - 4:59 pm
WASHINGTON (AP) — Just last week, solid economic numbers appeared to be helping President Donald Trump's reelection prospects. The United States had achieved its longest economic expansion. Stock prices were climbing. Job gains were steady. Consumers had scaled up spending. Growth was sturdy enough...
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FILE - In this July 19, 2019, file photo specialist Michael Pistillo, right, works with traders at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Aug. 2. (AP Photo/Richard Drew, File)
August 02, 2019 - 3:42 pm
Investors rattled by President Donald Trump's latest escalation in his trade war with China drove another round of selling on Wall Street Friday. The latest losses, which eased somewhat in the final hour of trading, had the market on track to close out its worst week of the year just seven days...
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Governor of the Bank of England, Mark Carney speaks during the Bank of England interest rate decision and inflation report press conference at the Bank of England in London, Thursday, Aug. 1, 2019. Brexit uncertainties are becoming "more entrenched" and increasingly weighing on the British economy less than three months before the country is scheduled to leave the European Union, the Bank of England said Thursday.(Chris J Ratcliffe/Pool Photo via AP)
August 01, 2019 - 12:44 pm
LONDON (AP) — The probability that Britain's economy slips into recession early next year is rising even if the country manages to negotiate a smooth and orderly exit from the European Union in the weeks ahead, the Bank of England warned Thursday. With Brexit uncertainties becoming "more entrenched...
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