this post was submitted on 04 Apr 2025
849 points (99.3% liked)

News

28416 readers
4486 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS
 

"The president single-handedly wiped out Americans' retirement savings overnight and subjected businesses to intense whiplash with his increasingly erratic and chaotic policies that continue to drive consumer and business uncertainty."

top 50 comments
sorted by: hot top controversial new old
[–] ThisGuyGetsIt@feddit.uk 7 points 2 hours ago

The Kennedy's made their fortune shorting the US economy during the Great depression.

Everything Trump has done has been calculated. I'd be willing to bet my left testicle that his gambling most of his fortune on heavily leverages shorts. He's trying to create the greatest possible depression because that will make him the most amount of money.

He knows exactly when he will cut his bullshit so he will settle his short right before making the announcement. Then with all the money he essentially stole from the population he will then buy up large chunks of the economy (and so will his buddies).

Once capital is even more heavily controlled by the upper classes the only recourse left will be violent revolution. All speculation. But that's what I would be doing if I was trump trying to install a true autocracy.

[–] buddascrayon@lemmy.world 45 points 1 day ago (1 children)

All we need now is a massive man made natural disaster to strike to make it another great depression. Luckily there isn't any terrible climate related issue that's on the verge of causing a catastrophe or anything.

[–] Zoboomafoo@slrpnk.net 22 points 23 hours ago (1 children)

That, and good thing there isn't a new pandemic brewing in birds and livestock.

[–] SoftestSapphic@lemmy.world 13 points 23 hours ago (1 children)

Thank god 80% of the bees we use to pollinate all our food didn't die this last month...

[–] ReiRose@lemmy.world 11 points 18 hours ago (1 children)

At least we don't have a measles outbreak and an anti-vaxxer in charge

[–] nfamwap@feddit.uk 3 points 10 hours ago

We should consider ourselves lucky there isn't a genocide happening in the middle east with US backing.

[–] Uranus_Hz@lemm.ee 27 points 1 day ago (2 children)

60% chance of recession, 40% chance of a depression. “The Greatest Depression”

[–] GG@kbin.earth 6 points 1 day ago (1 children)

Tremendous, really. Like nothing ever seen before.

[–] SocialMediaRefugee@lemmy.world 3 points 23 hours ago (1 children)

A golden age is coming!

Even if things just to recover to where they started trumsk will claim it as a giant win.

[–] suite403@lemmy.world 1 points 2 hours ago

Frustratingly true

[–] SocialMediaRefugee@lemmy.world 13 points 23 hours ago

So repubs are alientating themselves from their traditional business base too. That leaves what? Nut jobs in rvs covered in trump signs?

[–] CharlesDarwin@lemmy.world 12 points 1 day ago

I'd love to see donvict, fElon, Lutnick, Thiel, Vance and especially Navarro forced to live in poverty for a while.

[–] ansiz@lemmy.world 71 points 1 day ago (23 children)

Even if Trump removes every tariff a recession is almost certainly coming. Short to longer term planning, hiring, building, etc will certainly slow down and that kind of things is widespread. People lose jobs, people don't get hired, people choose not to start a business or invest money in the USA, etc.

load more comments (23 replies)
[–] AtHeartEngineer@lemmy.world 41 points 1 day ago (1 children)

It's 100% they are just too scared to say that

[–] Aux@feddit.uk 22 points 1 day ago (3 children)

You can't say anything is 100% with a chaotic and erratic president. There's always a chance that Trump will undo everything next week and things will stabilise for a short while. That chance might be very low, but it effectively invalidates 100% prediction.

[–] paranoia@feddit.dk 15 points 1 day ago (1 children)

I'm afraid you're wrong here actually. Being arbitrary and mercurial means no one will risk investing in the US, as policies may be created or undone at any moment. The only way this goes away is simply that he goes away. The risk is what is creating the certainty here.

load more comments (1 replies)
load more comments (2 replies)
[–] disguy_ovahea@lemmy.world 142 points 1 day ago (9 children)

The Federal Reserve now projects -3.7% GDP growth in Q1 2025. The 2008 recession was -2.6%, and covid was -2.2, for comparison.

[–] obvs@lemmy.world 3 points 13 hours ago (1 children)

They predict -3.7% if yesterday was somehow the end of it, but we know it's not.

-3.7% would be a dream compared to what's actually likely.

[–] disguy_ovahea@lemmy.world 2 points 10 hours ago

Q1 runs from 1/1 - 3/31. Q2 will be worse if he doesn’t repeal the tariffs.

[–] Waffle@infosec.pub 78 points 1 day ago (1 children)

That... Doesn't seem good if I'm being totally honest

[–] Bytemeister@lemmy.world 48 points 1 day ago* (last edited 1 day ago) (1 children)

Consider this too...Q1 ended on March 31st. They are predicting that drop before all this tariff shit got started.

Hell, Biden was president for 20 of the 90 days in that quarter.

So you're saying it's Bidens fault! /s

load more comments (6 replies)
[–] Ledericas@lemm.ee 30 points 1 day ago (2 children)

The blood is on gop hands and any billionaires backing him

[–] D_C@lemm.ee 9 points 1 day ago

And the people who voted for him. And the people that didn't vote.

load more comments (1 replies)
[–] h_ramus@lemm.ee 114 points 1 day ago (2 children)

Not long until MAGAs call the stock market woke.

load more comments (2 replies)
[–] peoplebeproblems@midwest.social 44 points 1 day ago (15 children)

How was Thursday and Friday not a recession? I lost > 10% of my 401k in 2 days.

It took 4 years to get to where it was since I stopped contributing right after the 2020 panic. 4 years of happily let my money do what it should, BAM wiped out in 2 fucking days.

[–] RememberTheApollo_@lemmy.world 8 points 1 day ago (1 children)

I’ve Lost 15% since this shitshow of president started fucking with things.

[–] CharlesDarwin@lemmy.world 4 points 1 day ago

Came here to note that S&P has been down over 16% since the clown took the WH and the circus started back up again.

[–] longjohnjohnson@lemmy.ml 38 points 1 day ago* (last edited 1 day ago) (4 children)

10% so far unfortunately.

Recessions officially require a slowdown of an economy over a longer period of time. Usually the stock market has nothing to do with it, though it can be a canary in the coal mine for it.

A recession has more to do with unemployment rate rising, negative GDP growth and consumer spending indexes falling.

Essentially it's just a fancy way of saying the economy is slowing down in every category.

The stock market is a rich person's playground in this day and age mostly.

load more comments (4 replies)
load more comments (13 replies)
load more comments
view more: next ›