"this is the worst start to a presidential term since 2009, when the country was in the subprime mortgage #crisis.
#Trump did not inherit an economy mired in crisis, of course; he inherited what was, at the time, the strongest economy in the world. That booming #economy is no more: Goldman is now predicting higher #inflation & slower growth than it had previously forecast, while its forecast for #Europe is now stronger than it had been."
https://heathercoxrichardson.substack.com/p/march-10-2025
AP: Egg prices continue to hit records as Easter and Passover approach https://www.pbs.org/newshour/nation/egg-prices-continue-to-hit-records-as-easter-and-passover-approach #eggs #inflation #birdflu
"Bottom line: if you were trying to create an economic meltdown, you could not be trying any harder than Trump is.
And Ruth Ben-Ghiat, an expert of totalitarian regimes, makes clear that this comes right out of the authoritarian playbook—because of the opportunities that a meltdown creates both politically and economically…for some."
~ David Pepper
#Musk #Trump #recession #inflation #authoritarianism #destruction #economy
/1
https://davidpepper.substack.com/p/trump-recession-is-coming
A secret?
What if I told you #Democrats wanted no part of the coming #UnitedStates #boomer #depression.
Many long term #investment strategists predict a major depression towards the end of this decade.
What if I told you #Republicans will fail to prevent what is coming and #Democrats wanted no part of the crash? 2025-2027.
#economy
#premarket
#trump
#inflation
#recession
#crash
#election2026
#2026election
#Detroit #automakers get 30-day reprieve from #Canada, #Mexico #tariffs, which in the opinion of 3 automakers would drive up cost for a new vehicle by $6K or more.
Walking back another bad decision.
Anybody got a Trump blunders count?
Canada is now in a trade war with the U.S. — here’s what you need to know to prepare for it
#Canada #Trump #USA #TradeWar #Tariffs #Economy #Trade #Business #SupplyChain #Consumers #Retail #Inflation #Markets #Finance #Imports #Exports #TrumpTariffs
https://the-14.com/canada-is-now-in-a-trade-war-with-the-u-s-heres-what-you-need-to-know-to-prepare-for-it/
"Even in deep-red Trump country, business conditions are quickly collapsing...Such sudden pessimism is notable given the Dallas Fed covers Texas, northern Louisiana and southern New Mexico—areas that voted for Trump by wide margins in 2024."
Fortune https://finance.yahoo.com/news/even-deep-red-trump-country-194802888.html
#inflation #tariffs #USPolitics
Chicken "rentals"?!?!?!
BBC: Rising egg prices in the US spark chicken rental trend
Trump's decisions are harming both his major trading partners and the U.S. economy. Imposing #tariffs is leading to #inflation, and U.S. exports have dropped significantly. They fell from an estimated year-over-year increase of 4.3% in early February to a decrease of 2.7% today—a decline of 7 percentage points in just one month.
Until now
Trump
dismantled the #Government
dismantled the #Army efficency
cancel all Biden economic progress
and
led #USA to #Recession and #Inflation
#impoverished the #US population and deprived it of #rights
dismantled the organizations that maintained #National #Security
canceled the #Alliances of the US and associated US with #Russia
America has NEVER been in worst situation
And all in 4 weeks
Truly...
Stupidity also has limit
What are you waiting to send Trump back to Russia ?
So, the British Retail Consortium is reporting that within relatively flat overall grocery sector inflation, food prices are rising at a rate not seen for a few months, no doubt adding to the 'inflationary pressures' that will be identified by the sado-monetarists in Threadneedle Street right before they 'sadly' refuse to cut internet rates again...
I look forward to see how that can blame workers in farming for this inflation given the low wages of the sector!
#inflation #food
h/t FT
#CarPrices Are Poised for $12,000 Surge on #Trump’s New #Tariffs
Auto bosses warn Trump admin of economic consequences
Companies rush to stockpile parts, engines in US warehouses
Impending tariffs on #Canada & #Mexico risk driving up US #car #prices by as much as $12k, further squeezing #consumers & wreaking havoc across the intricate web of #automotive supply lines spanning the continent.
#economy #PersonalFinance #inflation #USpol
https://www.bloomberg.com/news/articles/2025-03-03/car-prices-are-poised-for-12-000-surge-on-trump-s-new-tariffs
Grandma always told us not to cry over spilled milk.
I wonder what she’d say after seeing today’s prices for a quart of milk.
#casino bankruptcy
#privatePrison
#tradewar #G7 #Japan #Europe #NATO
#ParisAgreement pullout
#Mexico
#immigration
#MAGA
#deficit #inflation
#Kompromat
#emperorHasNoClothes
#climateChange
#FiveEyes #fourEyes
#globalWarming
#saveYourself
#EU #UK #Canada #Mexico #DE #FR #JP #TW #G6 #BR #AU #KR #Ukraine STAY UNITED
against the #MagaNazis
"WASHINGTON (AP) — Ongoing #tariff threats from Washington and potentially sweeping government #JobCuts have darkened consumers’ mood and may be weighing on an otherwise mostly healthy economy.
"Data released Friday showed that consumers slashed their spending by the most since February 2021
https://finance.yahoo.com/news/consumers-cut-spending-most-four-134226292.html
#housing #inflation
#USPolitics
#inflation is not sticky, it’s the #German economy’s #stagnation which is stubborn, chart @Bundesbank (Note: Bundesbank President Joachim Nagel assures that #Bundesbank 's work is not at risk). https://www.bundesbank.de/de/presse/reden/jahresabschluss-2024-951876
Interesting, apparently all those tariffs are expected to cause significant increases in the cost of beer.
"..Beyond malt, hops, yeast and water, aluminum is a key ingredient in the manufacturing process, used to make the cans for most of the craft beer sold at retail.... For the craft beer industry, which depends heavily on aluminum cans from Canada, the 25% increase will hit hard.... For us, in packaging, it’s probably the most expensive part of what’s in a six-pack... A typical Spiteful six-pack sells for $11.99 on store shelves, Klein said. He expects the retail price to go up at least $1 per six-pack after the tariff hits...."
Sen. Martin Heinrich: "94% of electricity added to the grid last year was clean. Electricity demand is surging. Trump is stalling clean energy projects. Get ready for your electricity bills to go up." #politics #inflation
SOON:
Massive #unemployment.
Rampant #inflation.
Catastrophic stock market #crash.
Out of control #deficit spending.
Record numbers of people #homeless, #sick, #dying, #poisoned from tainted food, drugs, and getting #killed on roads, bridges, in the air.
Acts of #terror and direct threats to Americans globally.
Oh. Lets not forget. #Tax breaks for the #rich.
All this thanks to #Republicans.
Utterly fantastic job the #GOP is doing.
TRUMP REPUBLICANS:
Screwing you, enriching billionaires, betraying America
• Price-hiking tariffs
• Tax breaks for billionaires
• Pardons of violent Jan. 6 criminals
• Job-killing halt of construction projects
• Racist and sexist attacks on military leaders
• Abandonment of our NATO allies and Ukraine
• Corrupt turnover of power and private data to Musk
• Cuts to healthcare, consumer protection, and education
#Economy #Inflation #Corruption #Trump #Musk #Democracy #USPol #NATO
Not that Republicans will care. But, we can make them care...
'Domino effect' of Trump policies to spread pain nationwide: economists
https://www.rawstory.com/trump-economy-2671203418/
#ArrestKrasnov #EndMusk #NoRepublicansEverAgain #RepublicansOwnThis #Economy #Inflation #USPol
Trump’ #tariffs -- #inflation expectations have taken renewed importance as the prospect of #trade wars is weighing on the #outlook for prices paid by American consumers, chart @economics
https://www.bloomberg.com/news/articles/2025-02-21/us-consumer-sentiment-drops-as-long-run-inflation-views-rise
#Stocks tumbled on Fri, w/the S&P 500 wiping out almost all of its gains since #Trump took office, after a widely watched measure of how #consumers feel about the #economy showed mounting fears over #inflation.
The S&P 500 fell 1.7%, adding to a modest dip on Thurs & notching the worst week of Trump’s 2nd term…. The index is now just 0.3% higher since Inauguration Day. Other stock indexes also fell, w/the #tech-heavy #Nasdaq Composite dropping over 2% on Friday.
#USpol
https://www.nytimes.com/2025/02/21/business/stock-market-declines-trump.html?smid=nytcore-ios-share&referringSource=articleShare
News from the Dept. of #FAFO: "What we're seeing is a very broad-based conclusion or opinion among consumers that #inflation is going to pick up in the year ahead, as well as the next five years," Joanne Hsu, director of consumer surveys at the University of Michigan, told Yahoo Finance on Friday.
