Is the American economy broken? As the Fed prepares to cut interest rates, some think so

On Friday night, while the most well-behaved Australian investors were tucked up in bed, Donald Trump was launching something called the Rose Garden Club. Having paved over the famous White House garden with limestone a few months ago, the US President decorated it with little four-person tables, installed a new speaker system and turned the whole thing into an exclusive version of his famous Mar-A-Lago enclave.

Donald Trump says the economy is booming. So why is recession talk suddenly everywhere? David Rowe

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