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'There Will Be Blood': JPMorgan Hikes Odds of Trump-Triggered Recession to 60%.
(www.commondreams.org)
Trump is gonna try his best to make the best depression ever.
this post was submitted on 04 Apr 2025
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He heard "great depression" and took it as a challenge
Yuge Depression. Like sinkhole levels.
“great depression”
Well... at least we know now what he meant by make America "great" again.
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When we are almost all living in shacks with nothing left MAGA will be telling us we are better off.
"I'm so glad things are going back to the way they should be!" -my hyper-republican boomer coworker, this afternoon
"Jesus lived in poverty and he did alright." - A (thankfully former) coworker who disagreed with my assertion that minimum wage should be livable.
Jesus was also murdered by his government, Ian! That's not what I'd call alright!
The people are just garbage. The worst kind of ignorant shit that plagues this country.
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"Man if it's this bad under Trump imagine how bad it would have been under Kamala!" Or "At least we kept men out of women's sports!" I think people who think this will impact Trump's popularity at all with his core base are delusional and haven't been to a Trump district. These people will never abandon him. Their devotion to Trump is like a religion. Even if Trump said Christianity is a false religion and all the Christians are stupid for voting for him a decent number of these morons would keep supporting him because everyone is a Trump whisperer and everything he says that they like is true and everything he says that they don't like is a joke or trolling. There is no God but Trump, and Fox is His Prophet.
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God this is bleak.
I'm not even in the US. This is a global recession.
"[Consumers] are not even going to the grocery store and paying more for vegetables because there's none available from Mexico, or going to Whole Foods, for example, and finding the big sections of fresh fruit are being shut down. They haven't really felt the full impact [yet], and they're already saying something isn't right," Bethune says.
It sounds like shit is going to get real, really quick. As in next week?
Trump isn't going to back down either - good or bad he always just doubles down. If Mexican producers stop selling to the US he's just going to go to war right?
As an aside, I had been wondering what the US gov is going to do with all that tariff revenue... but now it seems kinda clear that consumers will be buying a lot less stuff, so there will be less income tax revenue anyway.
Maybe that's the plan? Start a trade war that will inevitably lead to a real war? It sets a lot more precedent for the lean on all of the marshal law type powers he's chasing after.
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If they say 60% odds when it's obviously 100%, how does one go about making money on the spread?
The reason is that Trump can reverse the tariffs tomorrow. Or a court could freeze them if it rules trump acted illegally.
But it does seem that they might be doing some serious insider trading on the market's volatility. Its funny that until 2024 this was illegal. But the supreme court wanted this. So here we are.
Even if he would reverse the tariffs, the rest of the world is tired of this shit! The US showed that they are no reliable partner and always 4 years away from a possible circus.
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In case you haven't seen it there has been blood all over the place for years
Maybe I am stupid but I feel like things like this will be looked at as silly in the future because clearly we have already hit the recession. The only question that we have left at this point is if it will evolve into a full blown depression.