Recession : The damage has been done recession asymmetrical!

[Sir X]

https://www.cnbc.com/video/2019/07/0...trategist.html


Thanks Trump.4 more years,ooooooh Please.Cant see a midwest in recession voting for him ,or a east coast in boom doing same.

[Sir X]

Recession in the farm belt :

China clearly won this round, and the pressure is now squarely on Trump to get a deal done before the 2020 election.

That isn't likely going to happen.

https://seekingalpha.com/article/427...eal-vs-art-war



While regional banks are healthy, they're clearly boosting their defenses against the risks they face. In March, a report by First Midwest Bank in Chicago showed past-due agricultural loans up 287% in 2018 over the previous year. Meanwhile, cases handled by the Iowa Mediation Service involving farmers unable to make payments rose 20%.

Farmer bankruptcies in six Midwest states rose 30% to 103 in 2018, according to the Federal Reserve Bank of Minneapolis. To hold back the tide, Farmers National Bank in Prophetstown, Illinois, is restructuring more and more loans to keep growers solvent while trimming the bank's own risk.

https://www.americanbanker.com/artic...boost-defenses