Skip to content
Deacon Keith Fournier Hi readers, it seems you use Catholic Online a lot; that's great! It's a little awkward to ask, but we need your help. If you have already donated, we sincerely thank you. We're not salespeople, but we depend on donations averaging $14.76 and fewer than 1% of readers give. If you donate just $5.00, the price of your coffee, Catholic Online School could keep thriving. Thank you. Give Now >

Forget Winter, Recession is Coming

The #1 Catholic Online School
FREE Catholic Classes

By Marshall Connolly (CALIFORNIA NETWORK)
8/23/2017 (1 year ago)
Catholic Online (

It's time to seek shelter from the approaching storm.

The economy is about to go into recession according to several Wall Street firms. They are warning investors to prepare for an end to the bull market which has sustained investors for the past few years.

Major indicators reveal recession is coming.

Major indicators reveal recession is coming.

LOS ANGELES, CA (California Network) -- Recession looms according to experts at HSBC, Citigroup, and Morgan Stanley. Analysts say that key precursors of recession are present in the markets, so now is the time to shelter assets and prepare for the downturn.

What is remarkable is that several major firms are issuing the same warning, which lends veracity to the claim.

The experts say that long-standing relationships between stocks, bonds, and commodities, as well as a decline in sensitivity to oil prices, signals danger. In fact, assets around the world, they warn, are less correlated than they have been in over a decade, a sign of a market that has several rising price bubbles.

In fact, the last time these indicators were present was between 2005 to 2007, just prior to the Great Recession.

Chart after chart, index after index however shows signs of imminent recession.

Of course, the public is blissfully unaware. The public is often adversely impacted by recession. They first they usually know is when the pink slips are issued. Without government or Federal Reserve stimulus, credit markets tighten, pay increases stop, and businesses cut back on production. Unemployment rises and suffering generally increases.

Unfortunately, Main Street America has only recently enjoyed some recovery from the Great Recession. While Wall Street has enjoyed record gains, those gains have not trickled down to Main Street. Purchasing power and pay levels are at their lowest point in almost a century, despite record productivity. American workers are working harder, longer hours, and producing more value than ever before, but for much less purchasing power in return.

Some experts may blame the recession on this lack of pay increases for workers. Without pay increases, workers cannot afford the rising prices for the goods and services produced by many industries. When buying stops for lack of money, so too does manufacturing. This begins a downward cycle that can only be reversed by spending money.

The Federal government often responds to recession by cutting taxes and taking measures to put more money in the hands of the people. The Federal Reserve will cut interest rates and make money borrowing easier.

But right now, many firms are rich with cash. Big business does not need more money or tax breaks, it needs to spend the money is has on the books.

The looming recession is particularly dangerous for America. President Trump has been portrayed as weak and ineffective, and is unpopular. Millions of Americans are disaffected with capitalism and view socialism favorably. As many as two-thirds of millennials, who are about to become the nation's largest voting block have favorable attitudes towards socialism. The media and other leftist organizations are agitating people in the streets.

If the recession is deep enough, and if the government mishandles its response, some form of insurrection could break out. What happens after that is anyone's guess.

With luck, the recession will be mild, but luck isn't a very sound economic strategy.

Subscribe Now - Catholic Online YouTube


'Help Give every Student and Teacher FREE resources for a world-class Moral Catholic Education'

Copyright 2018 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for July 2018
Priests and their Pastoral Ministry.
That priests, who experience fatigue and loneliness in their pastoral work, may find help and comfort in their intimacy with the Lord and in their friendship with their brother priests.


More Business & Economics

Recession looms, what should we do? Watch

Image of Knowing a recession is coming will allow us to prepare.

For the past 60 years, the Federal Reserve's yield curve has predicted recessions. Now, as the yield curve shows signs of inverting again, ... continue reading

Disaster looming? Market flashes warning, worst April since Great Depression Watch

Image of The stock market is in decline. Is recession looming?

Markets have suffered their worst April start since the Great Depression, led by Amazon which lost 5.21 percent of its value in one day ... continue reading

Stock market tumbles, is a recession on the way? Watch

Image of The stock market took a tumble yesterday but may recover today. Nobody is certain of what's next.

Global markets have dropped for the past few days, and just this morning have rebounded. It remains to be seen if the recovery is ... continue reading

Is free money a Christian solution to economic problems? Watch

Image of Is there a Christian solution to our economic problems?

The world is richer and more productive than ever before in history. Yet, income inequality is growing the poverty is on the rise. Middle ... continue reading

Income inequality - Here's why world poverty and hunger remain a problem, frustrating Pope Francis' efforts to solve the crisis Watch

Image of Pope Francis has spearheaded a campaign to end world hunger by 2020.

When Pope Francis accepted the chair of St. Peter, he pledged to end world hunger by 2020. By all appearances, it was an easy win. The math ... continue reading

Never Miss any Updates!

Stay up to date with the latest news, information, and special offers.

Learn about Catholic world

Catholic Online
Inform - Inspire - Ignite

Catholic Online Saints
Your saints explained

Catholic Online Prayers
Prayers for every need

Catholic Online Bible
Complete bible online

Catholic Online News
Your news Catholic eye

Daily Reading
Today's bible reading

Lent / Easter
Death & resurrection of Jesus

Advent / Christmas
Birth of Jesus

Rest of Catholic Online
All Catholic world we offer

Products and services we offer

Catholic Online Shopping
Catholic medals, gifts & books

The California Network
Inspiring streaming service

Advertise on Catholic Online
Your ads on

Catholic Online Email
Email with Catholic feel

Catholic Online Singles
Safe, secure Catholic dating

The California Studios
World-class post production service

Learn the Catholic way

Catholic Online School
Free Catholic education for all

Student Classes
K-12 & Adult Education Classes

School Teachers
Teacher lesson plans & resources

Support Free Education
Tax deductible support Free education

Connect with us online

Catholic Online on Facebook
Catholic social network

Catholic Online on Twitter
Catholic Tweets

Catholic Online on YouTube
Enjoy our videos

Catholic Online on Instagram
Shared Catholic moments

Catholic Online on Pinterest
Catholic ideas style inspiration

Catholic Online Logo

Copyright 2018 Catholic Online. All materials contained on this site, whether written, audible or visual are the exclusive property of Catholic Online and are protected under U.S. and International copyright laws, © Copyright 2018 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.