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Mastodon: AboutGet the appKeyboard shortcutsView source codev4.4.0-nightly.2025-03-25

#recession

47 posts30 participants0 posts today
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William Lindsey :toad:

"Yesterday I shared the Atlanta Fed’s GDPNow estimate of 1st quarter GDP falling almost 6 points in the last two months due to Trump’s reckless economic policies. Well shortly after publishing yesterday the estimate was updated, and it dropped another full point. This important measure that US financial markets pay close attention to has now dropped almost 7 points under Trump!"

~ Simon Rosenberg

#Trump #inflation #recession #economy #tariffs #TaxCuts #StockMarket
/8

hopiumchronicles.com/p/trumps-

Hopium Chronicles By Simon Rosenberg · Trump's Madness Is Tanking The Economy And Causing Voters To Lose Faith In Him, My Conversation With Rep. Janelle Bynum (OR-5), Let's Keep Working Hard EveryoneBy Simon Rosenberg
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William Lindsey :toad:

"Stocks ended the week with steep losses after new federal data showed prices rising faster than expected, reigniting inflation fears on Wall Street.

The Dow Jones Industrial Average lost more than 715 points on the day, falling 1.7 percent. The Nasdaq composite lost 2.7 percent and the S&P 500 index fell 2 percent."

~ Sylvan Lane

#Trump #inflation #recession #economy #tariffs #TaxCuts #StockMarket #Dow
/7

thehill.com/business/5219986-s

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William Lindsey :toad:

“'Another wipeout walloped Wall Street Friday,' Stan Choe of the Associated Press wrote today. The S&P 500 had one of its worst days in two years, dropping 2%. The Dow Jones Industrial Average fell 715 points, losing 1.7% of its value. The Nasdaq Composite fell 2.7%."

~ Heather Cox Richardson

#Trump #inflation #recession #economy #tariffs #TaxCuts #StockMarket #Dow
/5

heathercoxrichardson.substack.

Letters from an American · March 28, 2025By Heather Cox Richardson
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William Lindsey :toad:

"U.S. consumer confidence continued its sharp 2025 decline as Americans’ views about their financial futures slumped to a 12-year low, driven by rising anxiety over tariffs and inflation."

~ Matt Ott

#Trump #inflation #recession #economy #tariffs #TaxCuts #StockMarket #Dow
/4

apnews.com/article/consumer-co

Shoppers make their ways down an aisle lined with clothing and shoes in a Costco warehouse Thursday, Jan. 23, 2025, in Sheridan, Colo. (AP Photo/David Zalubowski, File)
AP News · US consumer confidence tumbles for the 4th straight monthBy Matt Ott
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William Lindsey :toad:

"Reports are now showing consumer confidence has plummeted to its lowest level in 12 years, the markets are currently tanking, analysts have downgraded predictions for stocks, core inflation is rising, GDP projections have been sliced in half or are now negative, unemployment is expected to increase, and some major corporations are projecting sales decreases."

~ David Badash

#Trump #inflation #recession #economy #tariffs #TaxCuts #StockMarket #Dow
/1

alternet.org/the-rich-are-worr

Alternet.org · 'Even the rich are worried': Experts warn of 'scariest' signs amid 'stagflation' fearsBy David Badash
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the mossy green

> Clara Jeffrey:

>> Tourism is going to implode. And not just Canadians. Who would come to a country where people can be grabbed off the street my masked plainclothes “cops” and disappeared? Would you go to a country, or send you kid to school in one, that does this? www.tiktok.com/t/ZT2vocHHw/

#tourism
#TrumpRegime
#recession
#PoliticalKidnapping

bsky.app/profile/clarajeffery.

Bluesky Social · Clara Jeffery (@clarajeffery.bsky.social)Tourism is going to implode. And not just Canadians. Who would come to a country where people can be grabbed off the street my masked plainclothes “cops” and disappeared? Would you go to a country, or send you kid to school in one, that does this? www.tiktok.com/t/ZT2vocHHw/ https://www.tiktok.com/t/ZT2vocHHw/
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maeve harris

US Consumer confidence falls to lowest level since 2021, on #tariff expectations, rising inflation, and anticipation of #recession. "Americans’ expectations “for income, business, and labor market conditions” in the coming year fell sharply this month, the survey showed, declining 9.6 points to 65.2, the lowest level in 12 years. " edition.cnn.com/2025/03/25/eco

CNN · Consumer confidence plummets to lowest level since January 2021By Bryan Mena
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Nonilex

#Inflation fears drove much of the downturn. Respondents expect inflation a year from now to run at a 5% rate, up 0.1 percentage point from the mid-month reading & a 0.7 percentage point acceleration from February. 🚨🚨At the 5-year horizon, the outlook now is for 4.1%, the first time the survey has had a reading above 4% since February 1993.🚨🚨

#Trump #economy #tariffs #jobs #insecurity #trumpcession #recession
data.sca.isr.umich.edu/

data.sca.isr.umich.eduSurveys of Consumers
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Nonilex

#Consumer sentiment worsens as #inflation fears grow, University of Michigan survey shows

It was the 3rd consecutive decrease & stretched across party lines & income groups, survey dir Joanne Hsu said.

…In addition to worries about the current state of affairs, the survey's index of consumer expectations tumbled to 52.6, down 17.8% from 1 month ago & 32% for the same period in 2024.

#Trump #economy #tariffs #jobs #insecurity #trumpcession #recession
cnbc.com/2025/03/28/consumer-s

CNBCConsumer sentiment worsens as inflation fears grow, University of Michigan survey showsThe closely watched survey showed a reading of 57.0 for the month, down 11.9% from February and 28.2% from a year ago.
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Nonilex

#US #stocks are falling steeply Friday following discouraging updates on inflation & how much US households may be willing to spend given all the #uncertainty about #Trump’s escalating #TradeWar.

The S&P 500 was down 1.5% in midday trading. That would make this the 5th losing week in the last 6 for the index….

The Dow was down 520 points, or 1.2%, as of 11:30AM ET, & the Nasdaq composite was 2.1% lower.

#economy #tariffs #jobs #insecurity #trumpcession #recession
apnews.com/article/market-rate

The New York Stock Exchange, Monday, Jan. 27, 2025, in New York. (AP Photo/Julia Demaree Nikhinson, File)
AP News · Wall Street tumbles, and S&P 500 drops 2% on worries about slower economy and higher inflationBy Stan Choe
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Activersity

Les directives débridées de Donald Trump pourraient bien ruiner l'économie américaine. Il risque de perdre son soutien politique - brièvement.

Souvenons, dans le « 1984 » de George Orwell, l'Océanie est en ruine économique, aussi bien qu'en état de guerre perpétuelle avec des ennemis et des alliés incertains et mutables.

Dans une telle épopée, la ruine économique est un atout, pas une faute.

#techbro#tariff#recession
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Kim Perales

Federal officials are preparing for agencies to🚨CUT b/w 8 & 50% of their EMPLOYEES in the FIRST PHASE of a Trump admin push to shrink the fed govt.

1st round cuts:

— 30% Commerce
— 43% SBA
— 33% IRS
— 25% Interior
— 50% HUD
— 28% NSF

2nd round CUTS would be BIGGER.

If Trump isn't stopped, there will be a deep #recession. He'll DECIMATE the #economy,🚨100s of thousands of people will be w/o jobs +it’ll reverberate across the country.
#DOGE #Resist #Musk #Trump #USPol washingtonpost.com/politics/20

The Washington Post · Internal White House document details layoff plans across U.S. agenciesBy Emily Davies
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