Here is the full article: https://www.forexlive.com/news/atlanta-fed-gdpnow-tracker-swan-dives-into-recessionary-territory-20250228/amp/ And a quote: The Atlanta Fed Q1 GDP tracker has plunged to -1.5% from +2.3% in one of the steepest declines the index has ever seen. |
But don’t worry about the actual data because someone had trouble getting a dinner reservation so we must be good. |
We are cooked. These people are so dumb they don’t even realize how dumb they are and look at the press that’s left to ask the questions, even dumber |
+1 |
This. |
As much as we like to blame politics, recessions occur when consumers lose access to debt. Right now a lot people a lot of people are maxing out credit for rent, auto loans, and even food. Soon they will not be able to borrow more and will have to cut back spending en mass. That likely has already started even before Trump took office. |
I’m not an expert, but it seems tariff wars and laying off millions of people can tip the economy into a recession. |
Trump is causing mass unemployment. No jobs, defaults start. Snowball. |
Ya think? |
A recession has been teetering for years…. But…. What’s happening right now is 95% the fault of the asinine approach to governance right now. Mass layoffs in government and anything supported by government (which, news flash, is a huge part of our economy… everything from child care to defense contractor) will cause a spiral. Once those folks can’t spend, neither can the folks who rely on their business and so on. Don’t try to pivot this away from Trump and Project 2025. This was entirely the point. Cause a further class divide to give themselves more power. Hope everyone has some cash on hand when the run on the banks happens soon… |
Not just recession, but stagflation. Normally when demand drops so do prices. And the fed lowers rates to stimulate growths But with higher interest rates already and tariffs poised to raise prices and uncertainty preventing companies from taking on more growth (hiring building etc) while rising unemployment due to people losing jobs (Feds to contractors to all the goods and services not being used because people have no jobs) it creates the perfect storm for both a recession and high inflation. Not to mention tariffs will make home building even more expensive so already low inventory and high rates means a stagnant and unaffordable housing market. Takes a special kind of genius to create this situation! |
We actually need people to work in jobs that support communities and people (healthcare, construction, education, farming, architecture etc…) It’s been notoriously difficult to get people to go into those fields because they are perceived as too low paying. We don’t need more social media managers, finance portfolio managers, app developers, etc… - honestly, a recession, while painful and challenging, could be a realignment toward what society actually needs. |
April at the lastest
Putin crushing through Europe us not welcome by May 1+ March 15 Military against American civilians |
This cracked me up, it’s like we’re in a dystopian movie or something. Obviously it’s not funny. In fact, it’s petrifying but I needed a little laugh so thanks. |
Great, let’s go back to a time when everyone toiled at jobs they hated, in jobs that broke down their bodies, and they worked for shitty corps that treated them like garbage. Coal Mining could make a comeback. Make America Miserable Again! |