Summary
Experts are sounding alarms over rising economic distress as consumer confidence hits a 12-year low, stock markets slide, and fears of stagflation mount.
Triggered in part by Trump’s tariff expansions set for April 2, inflation expectations are climbing, GDP projections are falling, and unemployment is expected to rise.
Analysts warn that even wealthy Americans are losing optimism, with spending likely to decline.
Economist Alan Blinder called Trump’s policies as “recession roulette,” predicting a potential “Trumpcession.” Bank of America now sees stagflation—low growth and high prices—as the most probable outcome for 2025.
What’s crazy is it’s entirely self inflicted. We could be coasting on the gains made during Bidens presidency right now and actively fighting inequality. Instead we’re heading into a crisis where things are only likely to get worse.
If they don’t want bad outcomes, they should stop promoting people who are campaigning on bad outcomes.
First time in my life I’ve hoped for an economic collapse. I hope these rich assholes lose every penny.
The rich always make money during those situations…
Not if everything collapses. Worthless money is still worthless.
The rich won’t be holding the bag in US dollars. They diversify into other currencies and gold and hold real estate and other assets.
I’ve been … ummm … stocking up on tp.
