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by Axios | 8.19.19

President Trump joined his top White House economic advisers in downplaying concerns that the United States is heading for a recession, despite mounting warnings.

Why it matters: Per Axios' Zachary Basu, the stock market saw a huge sell-off last week after the yield curve inversion, a warning sign that's predated every recession for the past 50 years.

The big picture: White House trade adviser Peter Navarro and the Trump administration's economic adviser Larry Kudlow took to the Sunday morning talk shows in an effort to calm recession concerns.

Navarro also denied that tariffs on Chinese goods hurting American consumers. That's despite reports to the contrary from researchers at leading institutions including the International Monetary Fund, Harvard, the University of Chicago and the Federal Reserve of Boston, Basu notes.

Go deeper:

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Since the day you were born, that’s always been on the cards. Most of us find it easier to bury our heads in the sand. Avoidance is the #1 most popular coping strategy in the world. We live in denial of the self-evident fact that we all die eventually. The Stoics believed that when we’re confronted with our own mortality, and grasp its implications, that can change our perspective on life quite dramatically. Any of us could die at any moment. Life doesn’t go on forever. If you say that you won't vote in the general election if your candidate doesn't win the nomination, you're saying to millions of people you think their suffering is an appropriate price for your righteous indignation.\nThere is NO moral justification for sitting out this election. IRL I am an environmental hydrogeologist. I specialize in municipal stormwater management and karst groundwater systems. You can deny the effects of anthropogenic forced global climate change all day, but when your water well salts up, your streets and yards flood, or your house falls in a sinkhole or gets crushed by a landslide you will be calling me for help like I am the GD Batman.","twitter_id":null,"facebook_id":null,"youtube_id":null,"google_plus_id":null,"website":null,"slug":"burrkitty","issue_count":139,"is_following":null,"influence_score":15140,"influence_level":40,"follower_count":512,"following_count":40,"position_count":987,"id":"8mrvqvpm","partner_id":null},{"name":"Rebekah ","vote_count":610,"photos":{"large":"https://assets.causes.com/user/avatar/WdBLVkN1/large_wdblvkn1-1550101357.jpg","small":"https://assets.causes.com/user/avatar/WdBLVkN1/small_wdblvkn1-1550101357.jpg","tiny":"https://assets.causes.com/user/avatar/WdBLVkN1/tiny_wdblvkn1-1550101357.jpg"},"links":{"following":"/api/users/WdBLVkN1/following","followers":"/api/users/WdBLVkN1/followers"},"about_me":null,"twitter_id":null,"facebook_id":null,"youtube_id":null,"google_plus_id":null,"website":null,"slug":null,"issue_count":143,"is_following":null,"influence_score":1050,"influence_level":30,"follower_count":47,"following_count":60,"position_count":309,"id":"WdBLVkN1","partner_id":null},{"name":"jimK","vote_count":544,"photos":{"large":"https://assets.causes.com/user/avatar/9odrQBnb/large_9odrqbnb-1557000969.jpg","small":"https://assets.causes.com/user/avatar/9odrQBnb/small_9odrqbnb-1557000969.jpg","tiny":"https://assets.causes.com/user/avatar/9odrQBnb/tiny_9odrqbnb-1557000969.jpg"},"links":{"following":"/api/users/9odrQBnb/following","followers":"/api/users/9odrQBnb/followers"},"about_me":"Retired, Politically Independent. Won’t listen to slogans, chanted mantras or generally any kind of marketing spin or “rebranding” crap. I firmly believe that everyone else is entitled to their erroneous opinions. Citizen vigilance and due diligence is price we must pay to live in a thriving, functional democracy.\nI fear that our citizens are too easily swayed by politician’s pablum about “babies”, “jobs” and now, in particular, perceived “enemies”. I fear that a citizenry focused on the “here-and-now” is easily tricked by short term benefits that have negative long-term consequences. I fear that our legislators are more concerned about buffing their constituents than looking out for the long-term welfare of our country- and are way too eager to provide those short-term benefits to the “here-and-now” crowd.\nI fear that honor is generally being sacrificed/replaced by expediency. I hear politicians eloquently argue for one side of an issue and later, when it’s to their benefit, just as eloquently argue for the opposite side. OK, so they are good at arguing- but what is that they actually believe? What is it that they actually stand for? An honorable person has values that persist even when it is not convenient or expedient. An honorable person has a moral compass that stops them from doing something wrong even if it is not illegal. A foul is a foul- even if the referee doesn’t catch you.\nI fear that each of our federal governmental branches have devised or discovered shortcuts which tend to protect them from the checks and balances our founders intended.","twitter_id":null,"facebook_id":null,"youtube_id":null,"google_plus_id":null,"website":null,"slug":"jimk","issue_count":4,"is_following":null,"influence_score":44880,"influence_level":40,"follower_count":1530,"following_count":81,"position_count":539,"id":"9odrQBnb","partner_id":null},{"name":"Chris","vote_count":8,"photos":{"large":"https://graph.facebook.com/10216158354565528/picture?width=150&height=150","small":"https://graph.facebook.com/10216158354565528/picture?width=75&height=75","tiny":"https://graph.facebook.com/10216158354565528/picture?width=20&height=20","facebook":"https://graph.facebook.com/10216158354565528/picture"},"links":{"following":"/api/users/mQLK7yPp/following","followers":"/api/users/mQLK7yPp/followers"},"about_me":null,"twitter_id":null,"facebook_id":null,"youtube_id":null,"google_plus_id":null,"website":null,"slug":null,"issue_count":0,"is_following":null,"influence_score":210,"influence_level":20,"follower_count":7,"following_count":2,"position_count":7,"id":"mQLK7yPp","partner_id":null}],"article_comment":{"flagged":false,"id":1001059,"body":"Of course he doesn’t see economic recession. His friends have unlimited pockets. ","parent_type":"Article","parent_id":33199,"created_at":"2019-08-19T20:57:02.971Z","liked":false,"like_count":4,"links":{"self":"https://www.causes.com/comments/1001059","likers":"https://www.causes.com/api/v1/likers?likeable_id=1001059&likeable_type=Comment"},"article_id":33199,"shareable_image_url":"https://n.causes.com/share-images/comments/1001059.png","note":{"text":"Yes","color":"#624960","stance":"yes"},"note_text":"Yes","note_color":"#624960","user_id":"yWjEgDX9","liker_ids":["8mrvqvpm","WdBLVkN1","9odrQBnb","mQLK7yPp"]}}

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