"Banks are predicting a downturn for the American economy.

Goldman Sachs raised its 12-month recession probability from 20 percent to 30 percent on Monday, reported Reuters. The banking giant also downgraded American gross domestic product growth forecast from 2 percent to 1.5 percent, and projected three interest rate cuts by the Federal Reserve."

~ Ellie Quinlan Houghtaling

#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket
/13

https://newrepublic.com/post/193388/donald-trump-economy-recession-banks-panic

"America is spinning quickly in the direction of Hungarian populism, Hungarian politics, and Hungarian justice. But that means Hungarian stagnation, Hungarian corruption, and Hungarian poverty lie in our future too."

#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites #Orbán #Hungary
/12

"In fact, annual average inflation in 2023 was more than 17 percent. In 2024, the government predicted 4 percent growth; the reality was 0.6 percent. Anyone who contradicts this messaging is unlikely to be widely heard."

#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites #Orbán #Hungary
/11

"MAGA conservatives love Viktor Orbán. But he’s left his country corrupt, stagnant, and impoverished. ...

'Please trust us,' Orbán declared in his annual state-of-the-nation speech in early 2023. “You can bet on it: By the end of the year, we will have inflation in single digits'.”

~ Anne Applebaum

#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites #Orbán #Hungary
/10

https://www.theatlantic.com/magazine/archive/2025/05/viktor-orban-hungary-maga-corruption/682111/?gift=hVZeG3M9DnxL4CekrWGK3x9sHVa0LDGR9gcTv0mlsRo&utm_source=copy-link&utm_medium=social&utm_campaign=share

"'The president has got a heck of a lot of analysis before him, and he's gonna make the right choice, I'm sure.'

The National Economic Council is the primary group the president uses to develop domestic and international economic policy, so the fact that Hassett appears to have no idea what’s coming is concerning."

#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites
/9

"On the Fox News Channel this morning, Director of the National Economic Council Kevin Hassett said: 'President Trump has a long run vision of a golden age of America and we’re working really, really hard to get it out there in time. But I can't give you any forward-looking guidance on what's gonna happen this week.'"

~ Heather Cox Richardson

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

https://heathercoxrichardson.substack.com/p/march-30-2025

"The collapse is coming—and as [Canadian MP] Charlie [Angus] warned, it’s going to hit Americans first. Higher prices. Job losses. Isolation."

#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites
/7

"Trump is a geopolitical Ponzi schemer, running a fraud on the American people and weakening our standing in the world. But he’s not just hurting Americans. He’s also making our allies reconsider everything, from intelligence-sharing to military procurement."

#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites
/6

~ Ben Meiselas

https://www.meidasplus.com/p/canadian-mp-charlie-angus-on-why

"Where are we headed? A recent survey of corporate chief financial officers finds 60 percent of them agreeing that we’re headed for a recession this year. Is anyone surprised? This is what Republicans do. They screw up the economy. Later down the line, Democrats get elected and have to fix everything."

~ Michael Tomasky

#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites
/5

https://newrepublic.com/article/193360/trump-tank-economy-liberation-tariffs

"The Dow Jones suffered its worst day in weeks on Friday. … Goldman Sachs yesterday upgraded their U.S. recession risk to 35 percent … and Japan’s Nikkei index fell 4 percent during early trading this morning."

~ Simon Rosenberg

#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #Dow #TaxCuts #EconomicElites
/3

https://www.hopiumchronicles.com/p/today-is-a-do-day-mad-donalds-tariffs

"European and Asian markets tumbled Monday morning and now that the markets are open in New York, it’s a day in Trump’s America, so best not look at your 401K.

And now Canada has officially broken up with us."

~ Marcie Jones

#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites
/2

https://www.wonkette.com/p/dear-leaders-liberation-day-of-your

The decline in March caps off the S&P 500’s worst quarter at the start of a president’s term since President Barack Obama took over in 2009 during the #financial crisis.

The benchmark is now down 8.7% from its mid-February peak, a downturn that is near a 10% “correction,” denting the values of portfolios & retirement funds across both Wall Street & Main Street. The tech-heavy Nasdaq, which has already slipped into a correction, ended the month down 8.2%

"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

https://www.hopiumchronicles.com/p/trumps-madness-is-tanking-the-economy

"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

https://thehill.com/business/5219986-stocks-slide-federal-data-inflation/