April 7, 2025
“…The investment bank’s economists, led by Jan Hatzius, now see a 45% chance of a US recession in the next twelve months, up from 35% last week. Prior to that call, Goldman had been at a 20% recession probability risk…”… Continue Reading…
April 7, 2025
“…Paul has made the case against tariffs to his colleagues in closed-door meetings, according to several senators, where he’s argued that tariffs are a tax that will burden Americans with higher prices. It’s a widely shared belief among Senate Republicans — although… Continue Reading…
April 7, 2025
“JPMorgan Chase CEO Jamie Dimon said tariffs announced by President Donald Trump will likely boost prices on both domestic and imported goods, weighing down a U.S. economy that had already been slowing. Dimon addressed the tariff policy in his annual… Continue Reading…
April 3, 2025
“The Trump administration has expanded its tariffs on aluminum to include canned beer imports and empty aluminum cans. President Donald Trump is expected to announce sweeping new levies on imported goods at a Rose Garden event Wednesday. Industry analysts expect… Continue Reading…
April 3, 2025
https://www.cnbc.com/2025/04/03/trumps-tariffs-if-sustained-likely-to-push-the-us-and-globe-into-recession-says-jpmorgan.html Article behind paywall. Notice the headline “likely”. That’s the key word here. It’s also possible to avoid recession. Legacy media is trying to act like tariffs are the most horrible thing ever. If tariffs are so bad why does… Continue Reading…
April 3, 2025
“…The S&P 500 dropped 3.4%, putting it on track for tis worst day since September 2022. The Dow Jones Industrial Average tumbled 814 points, or more than 4%. The Nasdaq Composite slid 3%. Shares of multinational companies tumbled. Nike and Apple dropped 11% and 8%, respectively. Big sellers of imported… Continue Reading…
April 2, 2025
“…The Rapid Update, averaging forecasts from 14 economists for GDP and inflation, sees first quarter growth registering an anemic 0.3% compared with the 2.3% reported in the fourth quarter of 2024. It would be the weakest growth since 2022 as… Continue Reading…
March 27, 2025
“Senate Majority Leader John Thune (R-S.D.) has cautioned GOP colleagues that the Senate isn’t likely to pass President Trump’s border security, energy and tax agenda until July at the earliest, and some Republican senators are warning the bill could drag well into the fall…… Continue Reading…
March 24, 2025
“New York Federal Reserve President John Williams on Friday stressed the uncertainty of the US economic outlook, saying he expects lower growth this year amid a lot of unknowns about the impact of new trade, fiscal, and immigration policies. “It’s… Continue Reading…
March 24, 2025
“Investors are dismissing the risks that a full-fledged trade war would pose to stocks as “monster” flows of capital keep pouring into global equity markets, Bank of America Corp.’s Michael Hartnett said… “Global investors are not anywhere close to short… Continue Reading…
Recent Comments