Anonymous wrote:JPMORGAN: “.. Today's US trade and inventory data have prompted us to revise our 1Q US GDP estimate to -1.8% q/q saar––significantly worse than our previous estimate of 0%.”

This should be Trump's epitaph.

"How bad could he be, really? significantly worse than our previous estimate of 0%"

Most of the 1Q "growth" was corporate and retail front-running tariffs. That doesn't bode well for 2Q and beyond.

A declining economy also means less tax revenue for local and state governments, which, in turn, is going to mean cutbacks on public services at the state and local level at a time that the Federal is cutting back as well - all for no good reason other than Project2025.

This is a totally self inflicted economic disaster

The US economy contracted for the first time in three years to start 2025, as a surge in imports dragged down GDP and prices increased more than forecast.

The Bureau of Economic Analysis's advance estimate of first quarter US gross domestic product (GDP) showed economic growth contracted at an annualized rate of 0.3% during the year's first three months, more than the 0.2% decline expected by economists surveyed by Bloomberg. The reading came in significantly lower than the 2.4% rate of growth seen in the fourth quarter of 2024.

This marked the first quarter of negative GDP growth since the first quarter of 2022.

Commerce Department: US GDP fell at a seasonally and inflation adjusted 0.3% annual rate in the first quarter.
https://www.wsj.com/economy/us-gdp-q1-2025-1f82f689?mod=mhp

and so it begins

WASHINGTON (Reuters) -U.S. private payrolls growth slowed more than expected in April, the ADP National Employment Report showed on Wednesday.

Private payrolls increased by only 62,000 jobs this month after a downwardly revised 147,000 gain in March.

Economists polled by Reuters had forecast private employment would advance by 115,000 following a previously reported gain of 155,000 in March.

Anonymous wrote:Well, Christmas is screwed. Start knitting.

😂 I needed a laugh. Ty

Anonymous wrote:Is this good or bad?

Well he’s on track to have the worst month since Great Depression. He cared about the stock market before, but now he’s all about the grift: golfing, coin, exclusive club, tariff bribes, merch, and on and on.

Well, Christmas is screwed. Start knitting.

Trump, Bessent, Lutnick - All full of dog doodoo

JPMORGAN: “.. Today's US trade and inventory data have prompted us to revise our 1Q US GDP estimate to -1.8% q/q saar––significantly worse than our previous estimate of 0%.”

Anonymous wrote:

How many of those billions were funneled to Elon, Trump and their cronies?

Is this good or bad?

So, let's not keep families advancing but rather lock them in and keep them where they are.