RECESSION – Page 5 – One America News Network

A woman shops in a supermarket in Los Angeles, California, U.S., June 13, 2022. REUTERS/Lucy Nicholson/File Photo

US consumer confidence retreats slightly; house prices remain elevated

The mixed survey also showed consumers’ perceived likelihood of a recession over the next 12 months retreated this month.

NEW YORK, NEW YORK - JUNE 14: Traders work on the floor of the New York Stock Exchange (NYSE) on June 14, 2022 in New York City. The Dow was up in morning trading following a drop on Monday of over 800 points, which sent the market into bear territory as fears of a possible recession loom. (Photo by Spencer Platt/Getty Images)

Economist Predicts ‘Crash Of A Lifetime’ Will Be Worse Than 2008 Recession

Harry Dent, the outspoken financial author and economist, is not reversing course from his bold “crash of a lifetime” declaration from this past December.

NEW YORK, NEW YORK - JULY 28: A "help wanted" sign is displayed in a window in Manhattan on July 28, 2022 in New York City. The Commerce Department said on Thursday that the nation's Gross Domestic Product (GDP) fell 0.2 percent in the second quarter. With two GDP declines in a row, many economists fear that the United States could be entering a recession. (Photo by Spencer Platt/Getty Images

Report: U.S. Jobless Claims Increase To Highest Level Since August

Unemployment benefit claims have climbed to its highest level since August 2023, initial filings show.

Black Friday shoppers stand in line for a Lululemon store as retailers compete to attract shoppers and try to maintain margins on Black Friday, one of the busiest shopping days of the year, at Woodbury Common Premium Outlets in Central Valley, New York, U.S. November 24, 2023. REUTERS/Vincent Alban/File Photo

US fourth-quarter growth revised higher; labor market still strong

The U.S. was boosted by strong consumer spending and business investment in nonresidential structures.

A man shops for produce at Best World Supermarket in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. REUTERS/Sarah Silbiger/File Photo

Markets underestimate risk of inflation re-accelerating, says PIMCO

Equity and fixed income markets may be too optimistic on how quickly central banks will cut interest rates.

A sign advertising job openings is seen outside of a Starbucks in Manhattan, New York City, New York, U.S., May 26, 2021. REUTERS/Andrew Kelly/File Photo

US weekly jobless claims fall slightly more than expected

The number of Americans filing new claims for unemployment benefits fell slightly more than expected last week.