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Americans haven’t felt this good about the economy in 18 years, but that could be foreshadowing a coming recession

US consumer confidence is at its strongest level since 2000, according to the Conference Board's most recent survey. Such peaks in confidence have preceded previous recessions, and some market watchers are worried about what happens this time.
US President Donald Trump speaks at a Make America Great Again rally at the Civic Center in Charleston, West Virginia, U.S. on August 21, 2018.

‘Lehman Weekend’ heralded more than the global financial crisis — it opened the door for Donald Trump

"Lehman Weekend" in September of 2008 unmasked the American economy. The ensuing global financial crisis brought angry Tea Partiers to Congress, and a new form of right-wing populism was born — paving the way for Donald Trump's presidency.
Protesters demonstrate against the possible stockpiling of medicines and food in the event of a no-deal Brexit in London, Britain. Aug 22, 2018.

Brexit stockpiling could make a mini recession next year ‘almost inevitable’ for the UK

Think tank the Center for Economic and Business Research thinks businesses will stockpile £38 billion worth of goods in the run-up to Brexit but then immediately run-down their supplies post-March 2019, causing a "mini-recession."
A boy jumps into Bosphorus to cool off in Istanbul, Turkey August 20, 2018.

Turkey has dived headfirst into a ‘steep’ and ‘deep’ recession

"The latest Turkish activity data suggest that the plunge in the lira since May, and the associated sharp tightening of financial conditions, has tipped the economy into recession," Capital Economics' Jason Tuvey wrote on Wednesday.

Wall Street’s favorite recession gauge is flashing yellow again — and not everyone thinks it’s a false alarm

Federal Reserve Chairman Jerome Powell has argued the narrowing gap between long- and short-term borrowing costs is nothing to worry about. Some of his colleagues, including St. Louis Fed President James Bullard and Minneapolis Fed President Neel Kashkari, disagree.
Federal Reserve Board Chairman Jerome Powell testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill February 27, 2018 in Washington, DC. Powell testified about the Federal Reserve's semi-annual monetary policy report to Congress and the state of the economy

Fed chair Jerome Powell is whistling past 2 looming threats to the US economy

ANALYSIS: Federal Reserve Chairman Jerome Powell downplayed the threat of a trade war to the US economy. He also dismissed a key recession signal emerging from the bond market yield spreads, despite its historical reliability.
Slavic Village Rediscovered restored this foreclosed home in Cleveland, Ohio.

Before-and-after photos show Cleveland’s abandoned homes that now sell for less than $90,000

Following the 2007 economic downturn, hundreds of homes in the Slavic Village neighborhood of Cleveland foreclosed and went abandoned. One company is now striving to rehabilitate the neighborhood and offer affordable housing for residents hit by the recession.
US President Donald Trump speaks during a roundtable discussion about the Republican $1.5 trillion tax cut package he recently signed into law on April 16, 2018.

One of Trump’s biggest accomplishments could make the next recession worse

It's 'happy hour' in America, the firm says, and a hangover is coming.

A key recession signal is back at levels last seen during the financial crisis

The yield curve has narrowed to a point not seen since right before the start of the Great Recession.