Risk of ‘Trumpcession’ rising, economists say, as global markets fall
Risk of ‘Trumpcession’ rising, economists say, as global markets fall
www.theguardian.com
Risk of ‘Trumpcession’ rising, economists say, as global markets fall
Summary
Economists warn that the risk of a U.S. recession is rising due to Trump’s unpredictable tariff policies.
Wall Street stocks fell sharply Monday, with the S&P 500 down 2.4%. Trump refused to rule out a recession, instead claiming it’s a “period of transition.”
Goldman Sachs raised recession odds from 15% to 20%, and Morgan Stanley cut its 2025 GDP forecast. Consumer confidence hit a four-year low, and the U.S. trade deficit widened to a record $131 billion.
Analysts say Trump’s tariff policy is fueling uncertainty and economic instability.
My retirement accounts are down 17% since Trump took office. That's worse than when Covid hit in 2020. We're about to enter a world of pain aren't we.
Yes. I have a lot of cash on hand.
In what currency though? Because Trump keeps signaling he's going to crash the dollar out of sheer incompetence.
I was going to drop a bunch of cash on a mortgage prepayment and renegotiate with that
Now I’m going to let it ride.
At this point I wish I had cash in hand instead of invested.