"A steadily darkening outlook for the global economy"

[ffr]

The European Central Bank (ECB) and the Federal Reserve will be under even greater scrutiny over the next 10 days as their policy-making committees discuss recent economic developments, update their assessment of prospects and adopt whatever actions and guidance they deem necessary. The outcome will most likely satisfy those looking for the world’s two most influential central banks to further loosen monetary policy. It will most likely do little to improve what has been a steadily darkening outlook for the global economy.
<snip>

Simply put, it is becoming increasingly difficult for central banks either to move forward or to go back. It’s a dilemma that has played out particularly loudly in public over recent weeks. Consider the Fed, whose policy complexities, while significant, pale in comparison to those of the ECB. On the one side, President Donald Trump has repeatedly attacked the Fed for not doing enough to support his growth agenda while on the other, Bill Dudley, the former president of the New York Fed, the most powerful of the system’s regional banks, has criticized it for doing too much. Diametrically opposing views have also been publicized from inside the Fed, with some Federal Open Market Committee members arguing there is no need for an interest rate cut this month and others advocating a 50 basis point reduction.

Which takes us to the ECB. Unlike the Fed, it’s confronted by unambiguous evidence of rapidly declining economic momentum. - Bloomberg

Sounds like a pending conservative made recession is all but confirmed.

[empedocles]

1. Interest rate cuts, [which are short term], may work in a good fine tuning economy.

In this suspect, disrupted economy - the rate cuts may be overrated.

[DetlefK]

2. Just the other day I was talking to a banker about investing money...

We chatted and I said something like "It's a bad time to invest in stocks because there will be a recession in the near future."

She just furrowed her broughs: "It's already here..."

[doc03]

3. I think that is wishful thinking. I have always heard the

stock market prices in the economy 6 months in th future. If this is true why is the market at record levels? The economy has to slow eventually but will it be in time for the election, I doubt it.