#recession
These are public posts tagged with #recession. You can interact with them if you have an account anywhere in the fediverse.
VP Vance helps Senate vote down resolution to block Trump's tariff turmoil
Economy shrinks 0.3% from January through March, marking the first drop in three years.
Economy shrinks 0.3% from January through March, marking…
Sentinel Colorado
Listening to Jeffrey Sachs here, one of the world's absolute top economists, it became completely clear what is going on economically. Sachs uses plain language, and I finally "got" the big picture. Highly recommend!
"Jeffrey Sachs Goes Off, Roasts Donald Trump’s Trade Talk, Says 'Mickey Mouse Is Smarter Than Him."
https://youtube.com/watch?v=gNson4TqUO4&si=GQlKOH34_PwsozAH
#Economy #Recession #Inflation #TradeWar #Tarriffs Fascism #Politics #USPolitics #USPol #News #Fascism
The 49-49 vote fell short of the majority needed to pass the resolution & send it on to the #House.
Republican support was down from just weeks ago, when 4 #Senate #Republicans joined #Democrats to pass a similar bill to terminate new #tariffs on #Canada. Republicans hold a 53-47 majority.
"The United States Senate cannot be an idle spectator in the #tariff #madness. The #Congress has the #power to set tariffs & regulate global #trade," Sen Ron Wyden (D-OR) said.
Trump on the impact of his tariffs:
“Well, maybe the children will have two dolls instead of 30 dolls. And maybe the two dolls will cost a couple bucks more than they would normally.”
Trump did not campaign on "pay more, have less," but that's the raw deal he is delivering to Americans.
https://www.europesays.com/2039654/ Trump says US kids may get ‘2 dolls instead of 30’ but China will suffer more in trade war #arizona #biden #China #CommerceDepartment #Democrats #DonaldTrump #GDP #HowardLutnick #PeterNavarro #POTUS #PresidentDonaldTrump #PresidentOfTheUnitedStates #PresidentTrump #recession #SuzanDelBene #TaiwanSemiconductorManufacturingCo #tariffs #TradeWar #trump #USEconomy
US President Donald Trump on Wednesday acknowledged…
EUROPE SAYSUS economy shrinks in first quarter of Trump 2.0 amid sweeping tariffs | US economy | The Guardian…
The #USeconomy shrank in the first three months of the year, according to official data, triggering fears of an American #recession and a global economic slowdown... #uspolitics #trump #economics #tariffs
The #USeconomy shrank in the first three months of…
for much deliberationCNN: Stocks close out April in the red as economy contracts for first time since 2022
https://www.cnn.com/2025/04/30/investing/us-stock-market/index.html
CNN: The stock market’s worst first 100 days of any presidential term in more than 50 years
https://www.cnn.com/2025/04/29/investing/us-stock-market/index.html
#trump #WorstPotusEver #Recession #gopSCAM #tariffs #TrumpLied
The report highlighted examples of private companies that grew out of government-backed #university #research.
[too bad #Trump doesn’t read]
“Research that’s happening at one university, it doesn’t just stay in those walls — it has a ripple effect,” said Abigail Robbins, president of the coalition.
In another study, Fieldhouse found that past efforts to cut the federal #budget largely spared investments in nondefense #research & #development.
In recent weeks, #scientists & higher #education leaders have tried to rally support among the public & #Congress for continued #funding. On Tues, the #Science Coalition, a group of public & private research #universities, released a report on the role of federal funding in promoting economic #growth.
“If you look at a long period of time, a lot of our increase in #LivingStandards seems to be coming from public investment in #scientific #research. The rates of return are just really high,”said Andrew Fieldhouse, a Texas A&M economist & an author of the Dallas Fed study.
Political leaders in earlier [smarter] eras appeared to recognize that payoff.
"Probably: the least successful 1st 100 days of a presidency on the #economy in the last C -DISASTROUS. We've seen the stock market go
, the$ go, forecasts of UE go
, forecasts of inflation go, forecasts on the odds of a #recession go. We've seen consumer confidence collapse -bus' take back all their previous earnings projections."
-L Summers
"Real GDP
fell at a 0.3% annual rate in Q1 -underlying numbers are very extreme--with an enormous increase in imports & inventories."
-J Furman
Such estimates might seem extreme, but they are consistent with other research. A recent paper published by the Federal Reserve Bank of Dallas found that government investments in #research & #development accounted for at least a fifth of #US #productivity #growth since World War II.
https://www.dallasfed.org/~/media/documents/research/papers/2023/wp2305r2.pdf
Larger #funding cuts would have even greater effects. A 50% reduction in funding would lower #GDP nearly 7.6%, the researchers estimate, & a 75% cut would reduce it 11.3% — a larger decline than in any recession since the #GreatDepression.
No shit Sherlock.
Cutting federal #funding for #scientific #research could cause long-run #economic damage equivalent to a major #recession, acc/to a new study from American University.
In recent months, the #Trump admin has sought to cancel or freeze billions of dollars in #grants to scientists at #Columbia, #Harvard & other #universities, & has moved to sharply curtail funding for #academic #medical centers & other institutions.
#economy #science #innovation #idiocracy
https://www.nytimes.com/2025/04/30/business/trump-science-funding-cuts-economy.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=p&pvid=C9A3F6F9-433F-4B43-8BB2-441EB0C8107E
#US #economy contracts in the first quarter; #tariffs unleash flood of imports
The #USeconomy contracted in Q1, weighed down by a deluge of goods imported by businesses eager to avoid higher costs, underscoring the disruptive nature of #Trump's often #chaotic #tariff policy.
GDP decreased at a 0.3% annualized rate last quarter, the Commerce Dept's Bureau of Economic Analysis said in its advance estimate of first-quarter GDP on Wednesday.
#recession #trumpcession
https://www.reuters.com/business/stockpiling-ahead-tariffs-likely-hurt-us-economy-first-quarter-2025-04-30/
Trump asks people in the US to wait and is ofcourse blaming Biden. I don't think people will believe him. Also the economic downturn is just beginning, in a few days/weeks companies will notice that containers from China are not arriving, more store shelves will be empty, etcetera.
#Trump #economics #recession #inflation #tariffs #stockmarket #containers #shipping #china
The GDP fell by 0.3% in the Q1 of the year, down from 2.4% in the last quarter of 2024. The contraction: 1st since the start of 2022 -puts the US on the brink of a technical #recession.
The drop comes amid a huge fall in consumer sentiment -in Apr dropped 32% -lowest level since the 1990 recession.
Early Apr: Trump ordered even higher tariffs on goods from much of the world, before pulling back the tariffs on all countries but CN.
.
#Economy #Stagflation #Resist #USPol
https://www.theguardian.com/business/2025/apr/30/economy-gdp-q1-trump-tariffs
Drop comes amid a huge fall in consumer sentiment which…
The GuardianNo surprises here and this is just the beginning, the absence of some chinese goods, because chinese containers are not arriving, will become visible in a few days in the stores.
https://apnews.com/article/economy-trump-gdp-tariffs-inflation-trade-28a0da24c803c4796eb32704cd0244cc?link_source=ta_bluesky_link&taid=68121e54925fde000100d99e&utm_campaign=trueanthem&utm_medium=social&utm_source=bluesky
#Trump #economy #recession #tariffs #inflation #china #containers #shipping #geopolitics @geopolitics
The U.S. economy shrank 0.3% from January through March,…
AP News"Trump complained to Bezos before Amazon said it scrapped idea to display tariff cost":
https://www.cnbc.com/2025/04/29/white-house-blasts-amazon-over-tariff-cost-report-hostile-and-political-act.html
#Trump #tariffs #inflation #recession #politics #cowardice