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‘Warning signs are flashing everywhere’: CNN financial reporter says there are multiple reasons to fear a recession

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CNN Money reporter Cristina Alesci on Wednesday said there were many reasons for Americans to worry about a coming recession — and not just the inverted Treasury bond yield curve that has sent stock markets plunging.

During an interview with CNN’s Poppy Harlow, Alesci broke down what it means when the yield curve inverts and why it is not the only signal that a recession could be on its way.

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“Usually when you have an inverted yield curve that is proceeded by a recession,” she explained. “We are in an abnormal environment, so no one really knows where we’re going to go from here. But here’s the thing: Warning signs of a recession are flashing everywhere. Investors were really optimistic and perhaps saw the delay in tariffs as a sign Trump wanted to get a deal done with China before the election. This morning, I called it: They’re waking up and realizing maybe not, maybe he’s going to drag this through the election.”

Financial Times editor Rana Foroohar then chimed in to say that it may still take investors a while to fully realize that there won’t be a trade deal done with China within the next year at least.

“You’re going to see the president, particularly in the runup to 2020, trying to smooth things over, keep the market up,” she said. “I think the market is not buying this anymore. I think we’re seeing a lot of jitters and it’s going to be a downward trend.”

Watch the video below.

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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2020 Election

He’s trying ‘to get under Trump’s skin’: Reporter Olivia Nuzzi outlines Joe Walsh’s impact on 2020

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Republican strategist Shermichael Singleton explained during an MSNBC panel discussion that former Rep. Joe Walsh isn't likely to peel away many voters from Trump as someone who is "Trump-light." New York Magazine reporter Olivia Nuzzi, however, thinks Walsh with have a more significant impact, whether or not he can win the primary race.

During a CNN panel discussion, Nuzzi similarly noted that Walsh's primary purpose could be to troll the president.

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CNN

Boris Johnson ‘tremendously humiliated’ Donald Trump on a global scale at G-7 meeting: CNN analyst

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United Kingdom Prime Minister Boris Johnson was one of President Donald Trump's favorite people to take over for Theresa May when she resigned this summer. But Johnson also mocked the U.S. president and humiliated him on a global scale, said New York Magazine reporter Olivia Nuzzi.

During a panel discussion on CNN Sunday, CNN's Ryan Lizza opened by saying that Johnson is in a tight spot as he's trying to negotiate Brexit while serving as an international leader to the G-7. Johnson also needs to negotiate a trade deal with Trump, but he clearly is going about it in the worst possible way.

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CNN

‘That’s total nonsense’: Bill Kristol punches Santorum right between the eyes on Trump’s failing trade policy

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CNN contributor Rick Santorum said he was personally offended on Sunday after conservative writer Bill Kristol attacked President Donald Trump's trade policy.

During a segment about Trump's trade war with China, Kristol noted that the president seems "demoralized" and "depressed."

"His economists have told him privately we're slowing down and we're at some risk of toppling into a recession," Kristol explained. "His political people have told him his numbers are going down not up."

The conservative writer pointed to Trump's racist attacks on black lawmakers as one mistake he has made.

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