Financial markets flashed a U.S. recession warning and economic indicators in the U.S. and abroad are deteriorating. The common thread linking these is Trump’s trade war, writes tombuerkle.
The yield on the U.S. Treasury’s benchmark 10-year note dipped below the yield of its 2-year note on Aug. 14, the first time that relationship has inverted since 2007, according to data from Refinitiv.
Germany’s economic output declined by 0.1% in the second quarter from the first, the government’s statistics office reported on Aug. 14. China’s industrial output expanded by 4.8% in July from the same period a year earlier, the slowest rate of growth in 17 years, the National Bureau of Statistics reported on Aug. 14.
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