The New York Times notes a Record $2.5 Trillion in Mergers Were Announced in the First Half of 2018.
Cross Border Deals Total $1 Trillion Despite Tariffs
- In 1989, deal-making topped out at $558 billion. By July of 1990, though, a recession had set in.
- Companies announced acquisitions worth a then-record $3.4 trillion in 2000, and within three months the dot-com bubble had burst and the United States economy had fallen into recession.
- Seven years later, merger activity hit another record, topping $4.1 trillion, but the economy had already slipped into recession as the year came to a close.
Will it be different this time?
Mike "Mish" Shedlock