Contrary to Mainstream Media Reports, Slowdown Begins: Are We Close to Recession?
On Wednesday, the Washington Post reported, "The US economy cooled over the summer, growing at a 1.9 percent annualized pace from July through September, the latest sign that the slowdown is deepening. Economists anticipated slightly weaker growth following President Donald Trump’s decision to dramatically expand his trade war with China." On Friday, the Post reported, "The United States added 128,000 jobs in October as the jobless rate ticked up to 3.6 percent, outperforming analyst forecasts during a month in which one of the largest private-employer strikes in recent years weighed on the economy."
