And this, of course, affects Canada. "The current economic crisis in North America was caused by one person, Donald Trump. Trump inherited a healthy economy with strong GDP growth. But it has been evident since mid­February that Trump's tariff policy is weakening the U.S. economy. U.S. economic growth has slowed, job growth is slumping, and delinquencies in auto payments and credit cards have reached levels not seen since the Great Recession." #recession #trump #economy https://www.thestar.com/business/donald-trump-is-hurtling-america-toward-a-self-inflicted-recession-and-canada-will-feel-the/article_cb0ea984-033f-11f0-afcb-6fa6637798a0.html

https://www.reuters.com/markets/us/cfo-optimism-dropped-trump-tariff-plans-unfolded-survey-says-2025-03-26/

CFO optimism dropped as Trump tariff plans unfolded, survey says

Given the stagnant economies in most of Europe and in the UK, and given the likelihood of a Trump-created recession in USA and beyond, what carbon emissions reduction might we expect?
[N.B. that isn't #degrowth in that it isn't planned, won't protect livelihoods and ecosystems and isn't democratically governed]
#Decarbonisation #Recession
#Economy

"The economy will enter a #recession in the 2nd half of 2025, acc to a majority of CFOs *describe themselves as generally “PESSIMISTIC” on the overall state of the US economy & uncertain abt the stk mkt.

Policy is impacting their ability to make bus decisions, & many said while Trump is delivering (?) on promises, his admin’s approach is too chaotic, disruptive & extreme for bus' to navigate effectively."

#Musk's #DOGE is fraudulent
#Trump lies: 24/7.
#Corruption #USPol
https://www.cnbc.com/2025/03/25/recession-is-coming-pessimistic-corporate-cfos-say-cnbc-survey.html

#USA #économie #marchés #récession

«L'économie américaine est également remarquablement résistante, comme le montre l'indice composite des directeurs d'achat de mars, qui a augmenté après deux mois de baisse.

Il y a encore de l'espoir. Les marchés boursiers d'Asie et d'Europe affichent de bonnes performances cette année, ce qui ne présage certainement pas d'une récession mondiale.»

- Callum Keown, The Barron's Daily, 26 mars.

A very sobering analysis of the USA economy. The country is on a knife edge and needs a stable economic policy which appears to be somewhat unlikely.

The video appears to explore a near worst case scenario unfortunately I can't disagree too much with it.

The point which really struck me is that Saudi Arabia are now accepting Yuan ¥ in payment as they rebalance their USD holdings. That should alarm a lot of people.

https://www.youtube.com/watch?v=cb57tPtat7E

Economic indicators are soft but it's still too soon to tell what actually lies ahead for jobs, incomes, and growth. Given the nature of Trump's actions, it's hard to believe the outcome won't be mostly negative #Economy #Confidence #Vibes #Recession #Outlook #Axios

The economic vibes are getting...

Comrades, Today is a Big Day For My Second Soviet Budget

https://www.dailysquib.co.uk/world/61161-comrades-today-is-a-big-day-for-my-second-soviet-budget.html

US Consumer confidence hit a four year low in March. Optimism about the future hit a 12-year low in the Conference Board's monthly survey.
https://www.reuters.com/markets/us/us-consumer-confidence-deteriorates-further-march-2025-03-25/

Three Everyday Indicators of an Impending Recession #TrendingAfricaNews #Everyday #Impending #Indicators #recession 
https://tinyurl.com/263gfb2a

Trump is destroying the economy to privatize the fed govt.

"The Conf Board's consumer confidence index dropped in Mar to -lowest level since Jan 2021. Trump's pres.: Americans as pessimistic as they were during: Covid crisis. Consumer inflation expectations6.2% in Mar.

Before Trump took office, the US economy was surging ahead of Europe’s. Trump’s managed to reverse that trend."
-S Ratnner

#Economyweakens at the same time inflation rises#stagflation #recession: soon.
#Privatization #USPol

#Trump destabilizing the US economycollapse in equity mktsfewer IPOsPE firms raise more debt to help them cash out -does not end well, unless we get lucky & future leaders undo Trump’s policies before the economy blows up.
-Rep Casten

Private equity firms own stakes in the cos. they buy. This assumption is outdated.

As buyout funds struggle to sell businesses in a moribund M&A mkt -not helped by Trump’s tariff gyrations.

#Recession #Resist #Economy #Tariffs #USPol https://www.bloomberg.com/news/articles/2025-03-19/private-equity-firms-are-getting-rid-of-their-equity

https://finance.yahoo.com/news/americans-expectations-for-the-economy-hit-their-lowest-level-in-12-years-143308857.html

"Clock ticks on #Trump & Rs’ bill to extend the 2017 tax cuts."

Urgency: GOP worries: Trump’s tariffs -could (WILL) push the US into a #recession.

They appear (are) open to changing how social benefits are administered (SABOTAGING) -enrollment eligibility or cutting: fed govt’s cost-sharing contrib to states.

Longer Congress delays in getting the tax cut done: longer to feel the economic(A LIE, IF SUCCESSFUL -MOST PPL: SUFFER).

#Stagflation #Austerity #Resist #USPol https://www.washingtonpost.com/business/2025/03/25/trump-tax-cuts-tariffs-economy/

Every institution, group, firm, or individual that surrenders to Trump’s wanton tyranny invites more of it #Trump #Economy #Inequality #Policy #Recession #Change #RobertReich

The Big Chill

#recession #depression #economy

"Prospects for the US economy have cooled significantly in a matter of months. After outperforming its international peers last year, warning lights are flashing on a dashboard of economic indicators as analysts warn that Donald Trump’s erratic approach is hitting the world’s largest economy.

Fears of a US recession this year are growing, in what is being called a 'Trumpcession', amid a sharp decline in business and consumer confidence as the president threatens punitive import tariffs on US allies and enemies alike.

Most economists reckon a recession – defined as two consecutive quarters of shrinking economic output – can be avoided. But it is clear there are storm clouds gathering within the president’s first 100 days back in the White House."

https://www.theguardian.com/us-news/2025/mar/18/is-trump-driving-the-us-into-a-recession-in-charts

#AirBNB host: I don't understand why my #Florida rental bookings are down?

Replies: Travel advisories against U.S. and detention of foreign nationals basically halted international bookings. Lots of fired feds, fear of #recession, soft #boycott of red states halted domestic. Lower your rates and good luck.

https://www.reddit.com/r/airbnb_hosts/comments/1jikfd1/need_advice_on_sudden_downturn_were_experiencing/

A #recession may be coming. It's not too late to #prepare.

https://www.usatoday.com/story/money/2025/03/24/entering-recession-us-economy-trump-tips-prepare/82513098007/

Fed surveys plunge

https://volewica.blogspot.com/2025/03/fed-surveys-plunge.html

#Recession #TradeWar #Trump #Krasnov crash