Search results for tag #recession
"A heads up. What I worried and prepared just happened. #Israel and/or #US🚨bombed the natural gas field in Iran. And #Iran is launching missiles to oil plants in #Israel, #Qatar, #SaudiArabia and the #UAE.🚨Prepare for the price hike for everything."
-A Wong
#Inflation #Stagflation #Economy #Recession #Oil #Gas #IranWar #USPol
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Graph of Brent for the past 24 hours:
“Yesterday I said:🚨I expect major escalation because Trump has snapped mentally and is🚨unable to resist Zionist pressures anymore. 🚨A few hours later Israel attacked Iran's natural gas infrastructure, and Trump approved and celebrated. The🚨GLOBAL ECONOMY WILL SOON GO INTO SHOCK.”
-A Mizrahi
#IranWar #Trump #TrumpRegime #Israel #Netanyahu #Iran #Economy #Recession #Oil #Gas #Inflation #Stagflation #Protest #USPol
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The image contains a block of text discussing the geopolitical implications of oil prices and US-Israeli relations. It addresses how rising oil prices may influence public opinion on Israeli control in US politics, mentions specific figures related to oil prices, and speculates on…
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Text discussing the potential economic consequences of changes in oil production, particularly related to the Persian Gulf, the U.S., and geopolitical tensions. It expresses concerns about rising oil prices and economic upheaval linked to political actions and influence.
"This means, of course,🚨giving China control of the Straits.
One of the most pernicious beliefs of the MAGA cult is their commitment to the idea that Trump is a strategic genius.
He is not. He is a🚨feral sociopath, to be sure, but also barely literate con man, a fraud, a huckster, President Three-Card Monte. He's so over his head it's painful to watch."
-R Wilson
#ETTD #IranWar #StraitOfHormuz #Economy #Recession #Oil #Gas #Inflation #Stagflation #Protest #USPol
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Trump's TS post on leaving the "straight":
#MortgageRates Rise as #Iran #War Ripples Through #FinancialMarkets
#Mortgage are climbing again as new #inflation concerns have roiled financial #markets.
The average 30-year fixed-rate mortgage rate in the #US rose to 6.11%, the mortgage-financing giant Freddie Mac said Thursday, the second week in a row that rates have risen.
#economy #affordability #CostOfLiving #Trump #trumpcession #recession
https://www.nytimes.com/2026/03/12/business/mortgage-rates-rise-above-6-percent.html?smid=nytcore-ios-share
BBC: US economy unexpectedly sheds 92,000 jobs in February
The #US #labor market lost 92,000 #jobs in February, a striking loss signaling a warning flag for the #economy
Employers cut 92,000 jobs in February, the Labor Department reported on Friday, & the #unemployment rate rose to 4.4%. The job losses cut across nearly all major sectors, including health care.
#Trump #recession #trumpcession #business #affordability #CostOfLiving
https://www.nytimes.com/live/2026/03/06/business/jobs-report-economy?smid=nytcore-ios-share
It seems to me that, as with the still ongoing COVID pandemic that very few recognize as such, the looming asset collapse and economic recession we're living through in the US is not perceived because it's not talked about as such, and therefore might as well not be happening.
#US #USPol #USEconomy #AI #bubble #recession #COVID #COVIDPandemic
Here’s a look at the facts around Trump’s assessment of tariffs∶
CLAIM: “Just over one year ago, we were a ‘DEAD’ country. Now, we are the ‘HOTTEST’ country anywhere in the world!’”
THE FACTS: This is a standard statement from #Trump. But the #US #economy was hardly “dead” when Trump returned to office last year. And in Trump’s second term, it’s performed strongly — after getting off to a bumpy start.
#delusional #inflation #CostOfLiving #recession #trumpcession #FactCheck #TrumpLies
In 2024, the last year of the #Biden presidency, American GDP grew 2.8%, adjusted for #inflation, faster than any wealthy country in the world except Spain. It also expanded at a healthy rate from 2021 through 2023. All while recovering from the pandemic that began under & was made incredibly worse by #Trump.
#delusional #economy #inflation #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies
@Sage7225 Fully agree with you — we’ve also written articles about the recession. Join us and we’ll work together.
#recession👋
#Trump says #tariffs have created an economic miracle.
The #facts tell a different story.
#delusional #economy #inflation #CostOfLiving #affordability #recession #trumpcession
https://apnews.com/article/trump-economy-inflation-tariffs-gdp-fact-check-fc415e879519f14ea5219f00a97994f4?utm_source=onesignal&utm_medium=push&utm_campaign=2026-02-06-Fact+Focus
22 states are currently in a recession — or are dangerously close.
“State-level data makes it clear why the U.S. economy is on the edge of recession,” said Mark Zandi, chief economist at Moody’s Analytics, in a post on X (formerly Twitter). “Based on my assessment of various data, states making up nearly a third of U.S. GDP [gross domestic product] are either in or at high risk of recession [and] another third are just holding steady.”
#economy #tariffs #trump #recession
https://www.aol.com/articles/22-states-facing-recession-already-132833005.html
"Trump🚨has single handedly killed Biden's revitalization of U.S. factory investment.
The tariffs are just a corrupt scheme to get companies and countries to pad Trump's pocket.
All they have done for our economy is raise prices and crater manufacturing."
-Sen Murphy
#Economy #Recession #Jobs #Inflation #Manufacturing #Kakistocracy #Kleptocracy #Corruption #Tariffs #Bribery #Protest USPol
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Bar graph of US MFG CONST Spending, showing a slowdown after Trump's 2nd term started:
During his time as governor, Warsh objected to some of the low-interest rate policies that the #FederalReserve pursued during & after the 2008-09 Great Recession. He also often expressed concern at that time that #inflation would soon accelerate, even though it remained at rock-bottom levels for many years after that #recession ended.
More recently, however, in speeches & opinion columns, Warsh has said he supports lower rates.
Press conference with Federal Open Market Committee [#FOMC] Chair #JeromePowell at 2∶30PM ET∶
https://www.youtube.com/federalreserve
#FederalReserve #Fed #InterestRates #economy #money #Trump #tariffs #inflation #recession #trumpcession #Affordability #CostOfLiving
#EU freezes work on #US #trade deal ‘indefinitely’ after #Trump’s #Greenland & #tariff threats
A key group of European Parliament members blocked a vote to ratify a US-European trade deal Wednesday after Trump threatened to take over Greenland & charge as much as an additional 35% tariff on countries opposed to his ambitions.
#MafiaState #idiocracy #geopolitics #economy #tariffs #inflation #affirdability #CostOfLiving #recession #trumpcession #law #InternationalLaw
https://www.cnn.com/2026/01/21/business/eu-us-trade-deal-indefinitely-frozen
#Stocks & #Bonds Fall with #Trump #Greenland Threats
The S&P 500 dropped 2% on Tuesday, the first trading day after Trump’s escalated his threats toward #Europe over the weekend.
#idiocracy #economy #recession #trumpcession #StockMarket #investing #USpol
https://www.nytimes.com/2026/01/20/business/stocks-trump-greenland-tariffs.html?smid=nytcore-ios-share
Dow tumbles by more than 850 points & #stocks suffer worst day since October as #Trump clashes with European leaders over #Greenland
#idiocracy #economy #recession #trumpcession #StockMarket #investing #USpol #geopolitics
https://www.cnn.com/2026/01/20/investing/stock-market-us-europe-tensions-greenland?cid=ios_app
#Trump has badgered the #Fed to lower rates….
Yellen said using the Fed’s key overnight borrowing rate to manage the #debt is irresponsible.
“You have a president that says the fed should be cutting rates to lower rate payments on the federal debt,” Yellen said, adding she “completely [disagrees] with that. It is the road to banana republic.”
#RevengePolitics #DOJ #law #economy #independence #JeromePowell #FederalReserve #autocracy #despotism #dictatorship #tyranny #recession #trumpcession
Former #Fed Chair #JanetYellen on Monday condemned an investigation into her successor, #JeromePowell, saying it compromises the #CentralBank’s #independence.
Yellen said using the Fed’s key overnight borrowing rate to manage the debt is irresponsible & “the road to a banana republic.”
#Trump #DOJ #law #economy #FederalReserve #autocracy #despotism #dictatorship #tyranny #recession #trumpcession
https://www.cnbc.com/2026/01/12/yellen-says-powell-probe-extremely-chilling-for-fed-independence-market-should-be-concerned.html
#JanetYellen bristled at the notion that #JeromePowell might have lied.
“Knowing Powell as well as I do, the odds that he would have lied are zero so I do believe they’re going after him because they want his seat & want him gone,” she said.
#Trump #RevengePolitics #DOJ #law #economy #independence #FederalReserve #autocracy #despotism #dictatorship #tyranny #recession #trumpcession
Fed's Powell says #Trump admin has threatened him with a #criminal #indictment
The Trump admin has threatened to indict #FederalReserve Chair #JeromePowell over Congressional testimony he gave last summer about a Fed building project, an action Powell called a "pretext" to gain more “influence” over the #CentralBank & #monetary #policy.
#law #economy #independence #autocracy #despotism #dictatorship #tyranny #recession #trumpcession
https://www.reuters.com/business/finance/feds-powell-says-administration-has-threatened-criminal-indictment-over-his-2026-01-12/?utm_source=braze&utm_medium=notifications&utm_campaign=2025_engagement
#FederalReserve Chair Powell says #DOJ has subpoenaed #CentralBank, threatens #criminal #indictment
Federal Reserve Chair #JeromePowell said Sunday the #DOJ has served the central bank with #subpoenas & threatened it with a criminal indictment over his testimony this summer about the Fed’s building renovations.
#Trump #RevengePolitics #law #LegalEthics #economy #independence #autocracy #despotism #dictatorship #tyranny #recession #trumpcession
https://apnews.com/article/federal-reserve-trump-subpoena-bf4fc6c690fa248fbc531bc9bc7f1758?utm_source=onesignal&utm_medium=push&utm_campaign=2026-01-11-Breaking+News
The office of the #USattorney in #DC [#JeaninePirro] has unironically opened a #criminal “investigation” into #JeromePowell, the #FederalReserve chair, over the central bank’s renovation of its Washington HQ & whether Powell lied to Congress about the scope of the project…. [cough cough, #ballroom, cough cough, #EastWing, cough cough, #KennedyCenter…cough cough, cough cough…]
#law #economy #independence #autocracy #despotism #dictatorship #tyranny #NewWorldOrder #recession #trumpcession
#DOJ Prosecutors Are Said to Have Opened “Inquiry” Into #Fed Chair #JeromePowell
The “investigation”, which centers on renovations of the Federal Reserve’s headquarters in Washington, signals a new fabricated case in the long-running attempt by Trump to demonize the Fed chair.
#law #economy #independence #FederalReserve #autocracy #despotism #dictatorship #tyranny #NewWorldOrder #recession #trumpcession
https://www.nytimes.com/2026/01/11/us/politics/jerome-powell-fed-inquiry-trump.html?smid=nytcore-ios-share
Beyond the care economy, virtually no sector was insulated from the great jobs collapse of 2025 https://unprecedented.ghost.io/archive/trump-isnt-working/ #jobs #economy #recession #careers #hiring #ai #trump #trumpjobscrisis
"According to the Trump Labor Department’s own jobs data published Friday (and also leaked early by Trump on Thursday), 2025 was the worst year for hiring since 2020, and what the Wall Street Journal says is the worst year for annual job growth outside of a recession since 2003."
~ Marcie Jones
#Trump #economy #JobGrowth #labor #recession #SoMuchWinning #tariffs #TaxCuts #BigBeautifulBill #EconomicElites
/1
"The rebukes are now coming from every direction. Oil executives are rejecting his Venezuela stunt. Norway and the Nobel Peace Prize board are calling him out. Economists confirm we are in a hiring recession. Protests against his policies and abuses of power are spreading across the country."
~ Ben Meiselas
#Trump #economy #JobGrowth #labor #recession #SoMuchWinning #tariffs #TaxCuts #BigBeautifulBill #EconomicElites #Venezuela #BigOil #NobelPeacePrize
/3
https://www.meidasplus.com/p/saturday-afternoon-news-updates-11026
"They made no such commitment. Trump appears to have invented the number out of thin air, unless what he really meant was that taxpayers would foot the bill."
#Trump #economy #JobGrowth #labor #recession #SoMuchWinning #tariffs #TaxCuts #BigBeautifulBill #EconomicElites #Venezuela #BigOil #NobelPeacePrize
/5
"The US #economy added only 50,000 jobs in Dec & a meager 584,000 jobs in all of 2025.🚨That’s the WORST YEAR FOR JOB GAINS outside of a #recession since 2003. And nearly 85% of the job gains happened by April. There was little hiring the rest of the year.
#Unemployment rate:🚨4.4% in Dec, up from 4% in Jan.
Wages: 3.8% wage growth in 2025, which is above ~3% inflation."
-H Long
"Oct & Nov:🚨revised down by 76,000 #jobs combined."
-J Horpedahl
#TrumpRegime #Lies #Uprising #Protest #USPol
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A bar chart depicting annual job growth or loss in the U.S. from 2000 to 2025. It highlights that 2025 experienced a significant addition of 584,000 jobs, marked in blue, amidst fluctuating job changes throughout…
🚨"There are now 685k more #Unemployed Persons than Job Openings in the US. Excluding the 2020 covid #recession, this is the widest spread we've seen since 2017.🚨Labor market continues to cool...
The🚨US added of an average of 20k private-sector #jobs per month over the last 3 months of 2025 (ADP data),🚨which was 90% lower than the last 3 months of 2024 (200k jobs/month)."
-C Bilello
#TrumpRegime #Lies #Trumpcession #Corruption #Economy #Oligarchy #Deception #Tariffs #Uprising #Protest #USPol
"America🚨is losing blue-collar jobs – something that last occurred during the early pandemic and the 2008-09 Great Recession.
Employment across trades and industry is down🚨-123,000 since early 2025, and has declined nearly every month since February."
#Trumpcession #Jobs #Unemployment #Recession #Austerity #TrumpRegime #Uprising #Protest #USPol
https://www.apricitas.io/p/america-is-losing-blue-collar-jobs
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The image is a graph displaying the year-on-year change in blue-collar employment in the U.S., showing trends from 2023 to 2026. Different colors represent job sectors: manufacturing (yellow), construction (green), mining, logging…
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A chart illustrating the year-on-year change in manufacturing employment in the U.S., showing a decline of nearly 100,000 jobs over the past year. Different colors represent various sectors such as transportation equipment, food, and chemicals, with a red line…
"Donald Trump promised a new ‘golden age’ for the US economy. Where is it? ...
'We’re poised for an economic boom the likes of which the world has never seen,' he assured the nation this week.
Most Americans have yet to see this boom. But they’ve certainly heard a lot about it."
~ Callum Jones, Andrew Witherspoon, and Aliya Uteuova
#Trump #economy #affordability #GoldenAge #EconomicElites #BigBeautifulBill ##TaxCuts #tariffs #recession #lies
/1
https://www.theguardian.com/business/2025/dec/20/trump-us-economy
"Woman comes to US at age 6. Graduates nursing school. Work permit. No criminal record.💔Snatched & imprisoned by #ICE for 6 months now. About to be forced back to HN.🚨A life destroyed & one less nurse.
Merry Christmas."
-H Nolan
#Immigrants:🚨disappeared *now in #detention, #deportations, ppl going w/o meds/food, needless suffering, deaths, a looming #recession...bc of the #TrumpRegime's initiatives.
Many of us aren't celebratory this holiday season.
#DHS #Protest #USPol
https://www.nola.com/news/education/ice-detains-lsu-nursing-grad-for-six-months/article_1e83af3a-4f80-5413-9f12-4ed3e6166575.html
A New York Times graph showing in stark terms just what Trump has done to the job market.
#Trump #economy #jobs #recession #tariffs
/8
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A New York Times graph showing the performance of the job market from 2023 up to now, a graph showing steep deline
"Trump has taken four wrecking balls to the economy and the American people this year - the tariffs, the big ugly bill, mass deportation, and the assault on higher education and research. …
Functionally America is now in a recession due to Trump’s policies."
~ Simon Rosenberg
#Trump #economy #jobs #recession #tariffs #BigBeautifulBill #EconomicElites #TaxCuts #education #research
/9
https://www.hopiumchronicles.com/p/trumps-4-economic-wrecking-balls
"According to Vanity Fair, Wiles offered blunt characterizations of Trump and several of the most powerful figures in his orbit. She described Trump as having “an alcoholic’s personality,” a term long used in psychology to describe impulsivity, denial, and erratic behavior even in the absence of drinking. ...
All of this unfolded against a grim economic backdrop. New data show the United States has effectively entered a hiring recession."
Robert Reich comments on the report today from the Bureau of Labor Statistics:
"The bigger news is that almost no jobs have been added to the American economy since April.
In fact, 710,000 more people are unemployed now versus November 2024.
It would be one thing if wage gains were growing, but they aren’t. They’re slowing."
Why? Trump's tariffs and efforts of employers to cut costs as a result.
#Trump #SusieWiles #economy #jobs #recession #tariffs
/5
https://robertreich.substack.com/p/why-americans-are-going-batsht-over
#Unemployment rose to a 4-year high of 4.6% in November — the worst since the #pandemic — & the economy “added” 64,000 “#jobs”, new Bureau of #Labor Statistics [#BLS] data shows
#economy #affordability #CostOfLiving #recession #trumpcession #trump
https://www.nytimes.com/live/2025/12/16/business/jobs-report-economy?smid=nytcore-ios-share
“Maybe this will all come out to be better at the end, but I can tell you right now, it certainly isn’t the case at the moment,” Stehly said.
#Trump announced Monday that his admin would distribute $12 billion in 1-time payments to #farmers, who have suffered from persistently low commodity prices, rising #costs & declining #sales after #China cut off all #agricultural purchases from the #US during the #trade war.
#Bailout #economy #tariffs #affordability #CostOfLiving #recession #trumpcession
#Farmers will get more money from #Trump.
When Trump promised new #tariffs while running for office, Gene Stehly worried that #trade disputes would jeopardize his international #sales of #corn, #soybeans & #wheat.
A little more than a year later, Stehly said his fears have become a reality, & Trump’s latest promise of #FederalAssistance is insufficient to cover #US farmers’ losses.
#economy #affordability #CostOfLiving #recession #trumpcession
https://apnews.com/article/trump-soybean-farmers-china-trade-tariffs-brazil-9663759ac3c9c7360bd5f23cb84180f0?utm_source=onesignal&utm_medium=push&utm_campaign=2025-12-11-Seeding+with+cash
"It'll be🚨"mandatory" to hand over the information, & other details -incl email addresses & telephone#s used in the last 5years, as well as the names, addresses, numbers, & birthdays of family members -will also be required."
I'm🚨not willing to hand over personal info about my family & friends to the US admin in violation of GDPR, so if this goes through, I'll not be visiting the US."
-F Coppola, UK
Trump's #economy is cratering...
#Tourism #Recession #Protest #USPol
https://news.sky.com/story/us-plans-to-start-checking-all-tourists-social-media-13481642
🚨🚨🚨$12B is insufficient to cover American farmers' financial loses from Trump's #tariffs: "Arkansas farmer: It's a far cry from what we need.
Just the loss🚨in corn this year was >$16B. The loss in soybeans is $11B. Cotton & rice are even bigger losses than that. $12B is not going to make up for this one year."
-Fact Post
#Soybeans #Farmers #Bailout #Economy #Trumpcession #Recession #Protest #USPol
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A televised discussion featuring Pres Trump at a roundtable with 2 women *shown. The setting is formal, with the flags of the United States and various military branches displayed in the background. A news ticker at the bottom: Trump hosts roundtable with farmers:
"US manufacturing employment🚨is plummeting:
US MFG payrolls dropped -18K in Nov, the 2nd-largest decline since Oct 2023.
Also marks the🚨5th monthly decrease this year.
MFG employment has now fallen in 25 of the last 35 months.
Meanwhile, the ISM MFG Employment Index fell to 44.0 pts in Nov, posting its 10th consec monthly contraction.
This has historically been a leading indicator for US MFG #jobs,🚨suggesting further declines ahead."
-Kobeissi L
#Economy #Tariffs #Protest #Recession #USPol
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Bar graph of ADP nonfarm payrolls Net Chg MFG 2021-current:
"US employers made🚨71,321 new layoff announcements in Nov, officially bringing the 2025 total up to🚨 1.17M #layoffs.
This now marks the🚨FIRST year with 1.1+M job cuts since the pandemic lockdowns in 2020.
🚨American #consumers are in trouble."
-Kobeissi L
"Labor market signals are getting softer.
• Challenger, Gray & Christmas: layoffs eased from Oct’s surge but still the highest for any Nov in 3 years
• YTD hiring plans🚨are the lowest since 2010."
-T Trading
#Economy #Recession #Jobs #USPol
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Hiring Plans: YTD thru now, 2016-2025:
Private employers cut 32k #jobs in November, acc/to the payroll processing company #ADP. Economists are closely watching the company’s data because numbers from the Bureau of #Labor Statistics [#BLS] have been delayed [& are unreliable] by the federal govt shutdown, which ended last month but is continuing to have lingering effects on the nation’s economic stats.
#Trump #economy #inflation #tariffs #recession #unemployment #affordability #CostOfLiving #trumpcession
https://www.nytimes.com/live/2025/12/03/us/trump-news/d59c4e1b-0ff9-5512-a6b4-fd0adf144637?smid=url-share
Looks like we've reached the "termination tips from Howard Levitt" stage of recession.
That first bit is a real banger.
#economy #recession #canada #funny
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"The dos and don'ts of terminations, for employee" "Do not fire someone if they are essential to the operation of your enterprise"
This weekend the White House sent Kevin Hassett out the make the rounds of the networks touting Trump's economy and again he's telling us gas is below $2 a gallon in some states (national average is $3.06 a gallon).
I checked the AAA gas prices and as of today there cheapest gas in the country is $2.567 in Mississippi.
Also another interesting tidbit, 22 states are in a #Recession maybe more but the government is not releasing actual economic figures.
#TrumpEconomics
“My kids don’t even lie that often.”
-J Wolfers
The economist clarified Trump’s stk mkt brags, ack: US stocks are up but “they’re up even more everywhere else.”
It's "quite striking just how bad”🚨consumer confidence is now -#consumers say: they’re feeling worse than they were during the Great Recess/pandemic/early ’80s #recession.”
Trump has🚨“fundamentally lost the battle of ideas” on the #economy & a “deep Q as to how long ppl are going to keep spending."
#Lies #UPol
https://www.huffpost.com/entry/justin-wolfers-donald-trump-economy_n_692d3e45e4b0c8c3c7ce2e99
Even if you are not fluent in financial world speak, this video explains the coming recession in a way that even I could understand.
It completely shifted how I see things. And it scares the shit out me.
Take a few minutes to watch.
#TiffanyCianci #PrivateEquity #Recession
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This is 2008 all over again--but hidden in a black box.
Joann Fabrics, Party City, Forever 21,Big Lots-ALL going bankrupt. But here's the thing: Most of their stores were still making money.
So why are they collapsing? Because Private Equity has found a way to rig the system AGAIN.
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In 2008, banks used adjustable-rate mortgages to take down the global economy.
Today, Private Equity is using
adjustable-rate BUSINESS debt to do the same thing-except this time, they're taking down pensions, jobs, and entire industries.
The next financial collapse is already happening... and almost NO ONE is talking
about it.
Stay with me. You NEED to hear this
#ConsumerConfidence falls to lowest in 7 months as concerns grow about the #economy
America’s economic mood is souring as worries about the #labor market mount.
The Conference Board’s latest survey of American consumers, released Tuesday, showed that consumer confidence declined sharply this month to a reading of 88.7, the lowest level since April, when #Trump unveiled sweeping #tariffs.
#inflation #affordability #CostOfLiving #recession #trumpcession
https://www.cnn.com/business/live-news/us-inflation-retail-sales-economy?post-id=cmiephbs800003b6oigkt7xq3
7 big tech cos🚨acct for a growing share of the stk mkt. An index that🚨leaves out those firms -call it the S&P 493 -reveals a far weaker picture,🚨as smaller & lower-tech cos report lackluster sales & declining investment.
“You've the headwind of de-globalization & #tariffs, and the tailwind of #AI… those forces are battling to a draw, & in that crosswind you get winners & losers🚨-anything that isn't connected to AI is throttled lower.”
-M Zandi
#Recession #Economy #USPol
https://www.washingtonpost.com/business/2025/11/24/sp500-stock-market-tech-nvidia/
#Utility #prices have risen roughly 3X faster than overall #inflation this year, at a precarious time for the #economy. Businesses are announcing #MassLayoffs, & it’s taking #unemployed Americans much longer to find new #work. There are also signs that lower- & middle-class families are pulling back on spending.
#affordability #CostOfLiving #Trump #recession #trumpcession
“People are feeling a squeeze across the board, but what’s even more alarming is that we’re seeing people struggling to pay for these very, very basic necessities,” said Julie Margetta Morgan, president of the Century Foundation, a liberal think tank. “#Electricity is not a luxury; it isn’t optional.”
#economy #affordability #CostOfLiving #Trump #inflation #recession #trumpcession
Nearly 1 in 20 households, or about 14 million Americans, were so behind on #utility #debt that it was reported to collections agencies or in arrears as of June, according to an analysis by the Century Foundation & Protect Borrowers, a nonprofit that advocates for consumers. Meanwhile, the average overdue balance of $789 has risen 32% since 2022.
#economy #affordability #CostOfLiving #electricity #Trump #inflation #recession #trumpcession
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Average past-due utility balances are at an all-time high Average overdue bill in the United States
Soaring #electricity prices are triggering a wave of power shutoffs nationwide, leaving more Americans in the dark as unpaid #bills pile up. Although there is no national count of electricity shutoffs, data from select utilities in 11 states show that disconnections have risen in at least eight of them since last year, acc/to figures compiled by WaPo & the National #Energy Assistance Directors Association (#NEADA).
#economy #affordability #Trump #inflation #recession
https://www.washingtonpost.com/business/2025/11/24/power-shutoffs-surge-electric-bills/
In August, #trade then dropped, as American businesses imported fewer industrial supplies, food & beverages & machinery, according to an analysis by Moody’s Analytics.
Many of Trump’s #tariffs, including those he issued in early Aug, could be undermined by a challenge at #SCOTUS. The court is weighing whether #Trump exceeded his legal authority with those tariffs, & it could curtail or strike them down in the coming weeks or months.
https://www.apolloacademy.com/wp-content/uploads/2025/04/042625-ConsumerandFirms_v2.pdf (see page 4 for a summary of the timeline + expectation)