Recession

U.S. Media

•

8 days

Summary

Sources
126
Narrative Items
244
About This Module

The U.S. Media module tracks a broad range of American media sources, including major television, cable, print, and online organizations.

Top Items

These narrative items are the most relevant and/or the most amplified
Amplifiers:
11 News KKCO
investigatetv.com
Is the housing market going to crash? What the experts are saying
Mortgage rates are high, but home prices keep rising - blame the lack of housing supply. Economists predict that any market correction will be modest and not on the scale of the Great Recession. May 2024s median of $419,300 surpassed the previous record high of $413,800.
Amplifiers:
National Interest
nationalinterest.org
The Federal Reserve Could Accidentally Start a Recession
Desmind Lachman: By the time the Fed starts cutting interest rates, it will likely be too late for the Fed to stave off an economic recession. The distinguishing characteristic of the Jerome Powell Fed is its backward-looking monetary policy approach. In 2021, the Fed was inexcusably slow in raising interest rates at a time when there were clear signs of an acceleration in inflation.
Amplifiers:
Headline USA
headlineusa.com
Corporate Bankruptcies at Highest Level Since Great Recession | Headline USA
According to S&P Global data, 75 corporations filed for bankruptcy in June alone. That drove the number of filings through the first six months of 2024 to 346, higher than any comparable figure in the prior 13 years. Federal Reserve Chairman Jerome Powell and other Fed officials have started signaling interest rate cuts are coming.
Amplifiers:
Buffalo News
buffalonews.com
M&T Bank CFO says 'soft landing' more likely than recession
M&T Bank CFO Daryl Bible says'soft landing' more likely than recession. Job growth, wage growth and spending have slowed to more sustainable levels, Bible says. Bible: We see the so-called soft landing scenario as having the highest probability, but the possibility remains for a mild recession, brought on by the lagged impact of rate hikes. The Buffalo-based bank released its second-quarter earnings Thursday.
Amplifiers:
Headline USA
headlineusa.com
We Are in a Recession in Full-Time Jobs | Headline USA
According to the official establishment survey data, the economy added 2.6 million jobs between June 2023 and June 2024. However, according to the household survey, the total number of employed persons only rose by 195,000. In reality, we have been in a full-time job recession for several months. The only way an economy can add jobs without additional workers is if currently employed people take on additional jobs.
Amplifiers:
WISH TV
wishtv.com
3 in 5 Americans believe we're in a recession, research finds
3 in 5 people believe that the U.S. is currently in a recession, research finds. 2 in 3 Americans thinks inflation rate is "negatively affecting their future plans" Survey of 2,000 Americans explored what drove the lack of consumer confidence in the economy.
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Entrepreneur Magazine
entrepreneur.com
What Types of Stocks Are Good to Buy During a Recession? | Entrepreneur
The topic of a recession has weighed heavily on the minds of the American public and the American investor for quite a while now. The cost of living crisis, inflation, and the Fed's raising of interest rates aren't coming to a close any time soon. With the proper approach, investors can do more than scrape by in economic downswings.
Amplifiers:
The Conversation
theconversation.com
Economic lookahead: As we ring in 2024, can the US economy continue to avoid a recession?
The U.S. economy is not in a recession and will likely continue growing, says D. Brian Blank and Brandy Hadley. The Federal Reserve left interest rates unchanged in December as inflation continued to cool, signaling a potentially dovish turn. But the fundamentals are strong and may be on the rise, if you believe chief financial officers.
Amplifiers:
NBC New York
nbcnewyork.com
‘Recession pop' is in: Why so many listeners are returning to music from darker economic times
"We're feeling very, very negative about the state of our own finances... but this music offers a glimmer of fun," says Casey Lewis, a social media trend expert. Taylor Swift's "I Can Do It With a Broken Heart" and "I'm looking for a man in finance" are resonating with listeners. The recession pop trend is a "curatorial act," says Charlie Harding, co-author of "Switched On Pop"
Amplifiers:
Free Republic
freerepublic.com
The Percentage Of Americans That Worry They Won’t Be Able To Pay Their Bills Is Higher Than It Was During The Great Recession
The percentage of Americans that worry they wont be able to pay their bills is higher today than it was during the Great Recession. Nearly four in ten (39%) of US adults say they worry most or all of the time that their familys income wont be enough to meet expenses. To cope, significant shares of Americans said they are adding side jobs, cutting down on driving.

Context

The current economic landscape in the U.S. is shaped by a confluence of demographic, social, economic, and political factors, alongside geographical and national security considerations. The rising mortgage rates and home prices reflect a significant housing supply shortage, exacerbated by demographic shifts such as urbanization and population growth in metropolitan areas. This has led to increased demand for housing, pushing prices to record highs, with the median home price reaching $419,300 in May 2024.

Economically, the Federal Reserve's monetary policy has been criticized for its reactive nature, particularly in the face of rising inflation. The slow response to inflationary pressures in 2021 has contributed to current economic uncertainty, with many Americans feeling the strain of high living costs. The bankruptcy filings of 346 corporations in the first half of 2024 signal distress in the corporate sector, further complicating the economic outlook.

Socially, consumer confidence is low, with a significant portion of the population believing the U.S. is in a recession. The disparity between job growth reported by the establishment survey and the household survey indicates a troubling trend of underemployment, where individuals are taking on multiple jobs to make ends meet. This reflects broader societal concerns about financial stability, with 39% of adults worrying about meeting their expenses.

Geographically, the economic challenges are unevenly distributed, with urban areas often facing higher costs of living. National security considerations also play a role, as economic stability is crucial for maintaining a robust defense posture. Overall, while some analysts predict a "soft landing," the combination of high inflation, rising interest rates, and consumer anxiety suggests that the U.S. economy is navigating a precarious path.