Anonymous wrote:JPMorgan Chase upped the chances of a global recession this year to 40%, while Goldman Sachs increased their probability of a US recession to 20%.

It's what the people voted for. He's doing exactly what he said he would do. I guess they should have taken him seriously and literally.

We are so f-ed.

JPMorgan Chase upped the chances of a global recession this year to 40%, while Goldman Sachs increased their probability of a US recession to 20%.

Anonymous wrote:Universities all over the country are starting layoffs and hiring freezes:

https://www.yahoo.com/news/johns-hopkins-university-slashes-2-230717076.html

https://www.fox13seattle.com/news/uw-hiring-freeze-2025

https://www.npr.org/2025/03/12/nx-s1-5324496/universities-hiring-freezes-federal-funding

These are some of the biggest employers in many areas. The Trumpcession is spreading fast.

The other big employer is hospitals. Just wait til that $1 TRILLION medicaid cut kicks in if you want to see lay offs in rural areas.

Anonymous wrote:Just amazing that this isn’t wholly radioactive politically.

He literally said we have no manufacturing in the United States.

This sort of thing could take a decade to show results... not a happy time.

That’s because Trump and Vance have lost consumer confidence. It will be a correction he can’t correct. He and Vance will have to be outed if there’s any political will to help actual Americans.

Universities all over the country are starting layoffs and hiring freezes:

https://www.yahoo.com/news/johns-hopkins-university-slashes-2-230717076.html

https://www.fox13seattle.com/news/uw-hiring-freeze-2025

https://www.npr.org/2025/03/12/nx-s1-5324496/universities-hiring-freezes-federal-funding

These are some of the biggest employers in many areas. The Trumpcession is spreading fast.

More Trump winning!



NEW YORK (AP) — Wall Street’s sell-off hit a new low Thursday after President Donald Trump’s escalating trade war dragged the S&P 500 more than 10% below its record, which was set just last month.

A 10% drop is a big enough deal that professional investors have a name for it — a “correction” — and the S&P 500’s 1.4% slide on Thursday sent the index to its first since 2023. The losses came after Trump upped the stakes in his trade war by threatening huge taxes on European wines and alcohol. Not even a double-shot of good news on the U.S. economy could stop the bleeding.

The Dow Jones Industrial Average dropped 537 points, or 1.3% Thursday, and the Nasdaq composite fell 2%.

Anonymous wrote:Just amazing that this isn’t wholly radioactive politically.

It’s quite a party trick.
I notice that all the posters with their tales of spiraling grocery bills have disappeared. Nary a peep about the price of eggs anymore.

Just amazing that this isn’t wholly radioactive politically.

https://bsky.app/profile/jdcmedlock.bsky.social/post/3lk552c3sd22y

The funniest thing about all this is Joe Biden built a "bring back US manufacturing" button and Trump could have just kept pressing it but instead he insisted on smashing the "crash the stock market" button

Anonymous wrote:

Anonymous wrote:Are we heading into Subprime Mortgage Crisis 2.0?

Government hiding foreclosures. Over 1,000,000 loans in default.

For crying out loud, there are only 340 million Americans. Does this seem plausible to you?

"In 2007, 35% of new FHA borrowers had debt-to-income ratios above 43%. By 2020, 54% did. As housing prices and inflation surged, borrowers became more stretched. The FHA kept insuring mortgages to borrowers who were increasingly leveraged. About 64% of FHA borrowers last year exceeded the 43% threshold.

The FHA loan portfolio is far riskier than it was before the 2008 housing crisis. The American Enterprise Institute’s Ed Pinto and Tobias Peter estimate that 79% of FHA first-time borrowers have a month or less in financial reserves—not enough to make mortgage payments if their household expenses rise, as most have owing to inflation.

No surprise, many are missing payments, especially recent borrowers. About 7.05% of FHA mortgages issued last year went seriously delinquent—90 or more days past when a payment is due—within 12 months. That’s more than at the 2008 peak of the subprime bubble (7.02%).

Under the guise of Covid relief, the Biden administration masked the growing troubles in the housing market by paying off borrowers and mortgage servicers to prevent foreclosures. Of the 52,531 FHA loans last year that went seriously delinquent within their first year, only nine resulted in foreclosure."

https://www.wsj.com/opinion/bidens-mortgage-relief-fuels-higher-housing-prices-policy-loans-risk-cb0a1974

Anonymous wrote:

Anonymous wrote:Are we heading into Subprime Mortgage Crisis 2.0?

Government hiding foreclosures. Over 1,000,000 loans in default.

Please stop getting your info from scary You Tube videos which just want your clicks.

Here's the latest FHA report from Nov 2024 https://www.hud.gov/sites/dfiles/Housing/documents/FHALPT_Nov2024.pdf

Trump is doing everything he can to create more defaults, so I'm sure those numbers will increase.

You dispute what he says? Provide details and show your work.

Another crappy day for the economy today. I cannot look at my 401k anymore.

Meanwhile, Trump says US will experience 'period of transition' when asked if economy could see a recession this year

... as in yes, recession, read the writing on the wall.

Anonymous wrote:Are we heading into Subprime Mortgage Crisis 2.0?

Government hiding foreclosures. Over 1,000,000 loans in default.

For crying out loud, there are only 340 million Americans. Does this seem plausible to you?

Anonymous wrote:Are we heading into Subprime Mortgage Crisis 2.0?

Government hiding foreclosures. Over 1,000,000 loans in default.

Please stop getting your info from scary You Tube videos which just want your clicks.

Here's the latest FHA report from Nov 2024 https://www.hud.gov/sites/dfiles/Housing/documents/FHALPT_Nov2024.pdf

Trump is doing everything he can to create more defaults, so I'm sure those numbers will increase.