Great job explaining why the economy could contract - ThreadSky

mcuban.bsky.social • 1 day ago

Great job explaining why the economy could contract

Trade data from this morning has driven a huge drop in the Atlanta Fed GDPNow real-time tracker for Q1 GDP. Today's data took it from 2.321% to -1.477%. What's going on? Let's do a little thread explaining.

Comments

nokingsinamerica.bsky.social•1 day ago

@mcuban.bsky.social it’s inevitable for the market to contract based on the volatile rhetoric and actions of the administration. It leads one to believe this is what they are banking on. As one of the oligarchs of America, how do you feel about that? It will help you.

nokingsinamerica.bsky.social•1 day ago

@mcuban.bsky.social I’m not calling you an oligarch to be a dick, I’m just stating it as a fact at this point. You can still be that, and try to end it.

shaggymain.bsky.social•1 day ago

The Trump effect

georgiasmum.bsky.social•1 day ago

This will be the only factor that tempers his stupid actions.

johnagalt.bsky.social•1 day ago

I didn't need a chart or data, I was here 4 years ago. This is a repeat. His tariffs cause a front load of orders. He accelerates the supply chain with his theatrics. Now he's pumping the supply chain again with more tariff threats. Next up, destroy the CDC/NIH and do so real damage.

zomphlotz.bsky.social•1 day ago

Come on, guys, you don't have to worry. Elon and friends will do just fine. You just have to be the necessary sacrifices.

freezmanbs.bsky.social•1 day ago

With uncertainty in fiscal policy, escalating tariffs, federal workforce reductions, a slowdown in business activity in February, and declining consumer sentiment and spending, it's simple, we’re füçked.

skatej.bsky.social•1 day ago

Yes, but the billionaires don’t care. First, they live multinationally and above-it-all, so what do they care? Second, look how well the Russian oligarchs did while running their entire country into the ground?

freezmanbs.bsky.social•1 day ago

Absolutely. But check the people in Russian history they never had the balls to take down the government or those in real power. This is why they are what they are.

leendawoman.bsky.social•1 day ago

Fiefdoms for each oligarch. That’s the plan. No interest in GDP or Capitalism. They got theirs already

soeva520.bsky.social•1 day ago

Well stated

laleetilt.bsky.social•1 day ago

Ok, serious question: what would a (presumably independent and responsible, which can't be assumed here) FED do when if facing both inflationary pressures (tariffs, shortages in supply) AND economic contraction do to right the ship? And is there any chance he won't gain control of FED?

roosir.bsky.social•1 day ago

consumer power may be the only power we have right now...contract or not

kevindennehy.bsky.social•1 day ago

It’s not just tariffs that result in a decline in trade, the threats of tariffs can push a foreign trading partner to look elsewhere for a more stable trading partner,
Ten years ago if you told me that people would be looking for more stable trading partners than those here I would say you’re nuts.

iansiegel.bsky.social•1 day ago

Thing is it will drag the entire economy down

ashley-cat13.bsky.social•1 day ago

I think we’re missing a very obvious point…. I think Trump wants a recession…. Recessions make everything cheaper so him & his rich friends can buy up more market power for less 🤑 He doesn’t care how it affects us, and I don’t think he cares how it affects the Rep. party bc he thinks he can spin it.

gingerredshoes.bsky.social•1 day ago

I think he wants to destroy the country so he can serve it up to his real boss on a plate.

mauvemelinda.bsky.social•1 day ago

Yes, agree, GOP hoped it would happen under Biden, but he kept it together and it's still in a fragile state of recovery

Private equity and foreign actors are awaiting their chance to take advantage of foreclosures

ashley-cat13.bsky.social•1 day ago

You’re right, luckily Biden kept it together, but Trump will still try his damndest to blame it on Joe, and his diehards will unfortunately once again eat it up.

johnmduk1.bsky.social•1 day ago

Wait till WH fiasco kick in

jokski.bsky.social•1 day ago

Canada is one of the biggest trading partners and they are not happy with the US right now. I think I heard they were the largest consumers of Kentucky bourbon. I would imagine they along with other countries don’t want to buy US products now. And I expect after the oval room fiasco today . . .

crazycatlady4luv.bsky.social•1 day ago

Nothing about the disgusting behavior in the oval office today?!?!?

umaija.bsky.social•1 day ago

Yes, and this other problem we have...

https://youtu.be/YsIntuxmXf0?si=uXALHekQl-AkasBZ

co-nightsky.bsky.social•1 day ago

Been trying to say that, long befire he went diwn that escalator. Hell freaking EU knew this decades ago.

co-nightsky.bsky.social•1 day ago

There is this also, its an old article.
But sure makes so much more sense now. Betting Epsti was the compromising situatuation-setup- man-dirt collector. Sold to highest bidder or saved for power extortion.
https://www.theguardian.com/us-news/2021/jan/29/trump-russia-asset-claims-former-kgb-spy-new-book

https://www.theguardian.com/us-news/2021/jan/29/trump-russia-asset-claims-former-kgb-spy-new-book

marty10.bsky.social•1 day ago

Trump IS a Russian asset!

bob0colo.bsky.social•22 hours ago

Massive number of Federal Employee fired, and Cancelled Contracts will Hit economy Hard. The Economy is headed into Crisis.

slojmn.bsky.social•1 day ago

And JD is trying to spin the GDP numbers in a pretzel to lie to the people that bother to believe a single thing that comes out of his mouth. If you sound semi smart they will believe anything.

yaupon.bsky.social•1 day ago

About 3 mil middle class jobs slashed in quick order. We stocked up. Eat lean with garden and veg diet. Sig reduce spending. Will consolidate shopping to Costco, local food, etc.

jeffshereindover.bsky.social•1 day ago

They wanted the power to enrich themselves and you gave it to them. Now, instead of waking up, recognizing your mistake and standing up for fairness, you’re doubling down on the mistake and defending their greed. You’re an even bigger hypocrite than they are.

jeffshereindover.bsky.social•1 day ago

Not a dime has been pulled from the $6.7 billion Congress budget. The “President” has spent $20 million on golf junkets. His hotel chain charges the secret service more than double the rack rate for rooms. The ones most in need of your diet are still living it up - at your expense. #hypocrites

alissa914.bsky.social•1 day ago

Eat lean with garden and veg diet? I don't think wishing I were dead and committing suicide is the solution. Ozzy sang a song about it.

84longroof.bsky.social•1 day ago

Still think Zelensky should sign the deal?????

hobbesjosh.bsky.social•1 day ago

That won't happen. Maybe Zelensky steps down and the relationship is restarted. But Agent Krasnov will still demand a lot of Ukraine

84longroof.bsky.social•1 day ago

Because there's a chimpanzee behind the wheel of this bus.

jegath.bsky.social•1 day ago

😡

fckthegop.bsky.social•1 day ago

trump want the usa to be exactly like russia so hes crashing the economy and ending most social and economic programs designed to help

bigdaddylipscomb2.bsky.social•1 day ago

Mark, if you're in Dallas, you're probably familiar with Ken Moraif, the radio host and financial advisor with Retirement Planners of America. He insists that tariffs and Trump's policies won't hurt the economy at all and he forecasts an economic expansion and DOW 48,000 by end of year.

co-nightsky.bsky.social•1 day ago

Texas is brainwashed . I'm from there. This is no the longer the Texas I grew up in.
Its like RU state media is controlling it.
https://www.reuters.com/world/russian-state-media-reporter-gains-access-is-later-removed-trump-zelenskiy-2025-02-28/

jenji.bsky.social•1 day ago

He’s wrong. Recession is looming on the horizon. The market is tanking, businesses are concerned about how they’re going to pay for tariffs, and they don’t know if customers are willing to pay the higher cost.

bigdaddylipscomb2.bsky.social•1 day ago

He may be wrong, but you can't know that now (March 2025). He even admits in his podcasts that he could be wrong and people should protect themselves. But considering he was right about 2008, 2020 and 2022 and who would win 2024, as much as I would like him to be wrong, don't bet on it.

jenji.bsky.social•7 hours ago

We’ve never had a president who alienated our allies to this extent. Does he think Trump will find new markets for American farmers? Is he basing his opinion on how tariffs worked in this country over 100 years ago? I’m not being antagonistic but I don’t think Trump is about to lead us to prosperity

jacqueline321.bsky.social•1 day ago

🙄

rockksteady.bsky.social•1 day ago

Huh 😵‍💫

michaelgbrannon.bsky.social•1 day ago

-1.5 is pretty gloom for GDP.

smommhayes.bsky.social•1 day ago

rjrcap.bsky.social•1 day ago

*will

janettes-999.bsky.social•1 day ago

I can see the writing on the wall. It doesn’t take a degree in finance to see that FOTUS’s recklessness and incompetence are bringing our economy to the precipice of the abyss. Good luck to all!

kanadianraven.bsky.social•1 day ago

But...but... The economy under Biden was terrible! Wasnt it? FAFO

gobearcats.bsky.social•1 day ago

I can tell you without a graph.

Mass government layoffs along with freezing domestic spending and elimination of Medicaid will cause a Great Depression like nobody has ever seen.

fashionablyover60.bsky.social•1 day ago

Exactly! You can’t take money away from people and not expect the economy to drop out… it’s not that hard to figure out. That’s why I started preparing for it as soon as he won-

gobearcats.bsky.social•1 day ago

I’m shorting the stock market right now. Every time the Republicans get in office we have a recession

fashionablyover60.bsky.social•1 day ago

Exactly!! And this 🤡 told us what he was going to do. Fire thousands of workers- put ridiculous tariffs on everything-deport our workers- and cut disability and Medicaid….. 🤔I can’t believe anyone is shocked that this is killing the economy….🤦‍♀️

gingerredshoes.bsky.social•1 day ago

He always wanted to do something like no one has ever seen before.

soeva520.bsky.social•1 day ago

Easy take over

loooom.bsky.social•1 day ago

You're a billionaire. You'll be fine.

carol80.bsky.social•1 day ago

Americans have no idea what’s coming.

shootingstar280.bsky.social•1 day ago

While it makes me so sad that this is our reality right now, we have to count on those who will join us in our fight from the outside.

bluwater9847.bsky.social•1 day ago

Exactly. I support all countries who are fighting against this shamockery of a regime.

🇨🇦🇺🇦🇲🇽✊🏼

smartmove.bsky.social•1 day ago

I figure by summer everybody will know. It will be hurting like hell.

sfuz.bsky.social•1 day ago

Any “economist” that didn’t know that the felons America was going to send them into a huge recession cannot call themself an economist. They’re shit at their job. Everyone saw it coming.

ogredragon.bsky.social•1 day ago

it as all biden's fault... and that is the headline the fascist media will carry

azreal75.bsky.social•1 day ago

https://u24.gov.ua/ donate to Ukraine.

luv-is-the-best.bsky.social•1 day ago

🚨 When AI meets law enforcement, justice takes a backseat. 🤖💰 Predictive policing isn’t about safety—it’s a high-tech hustle, draining wealth from communities. The surveillance state isn’t watching crime—it’s manufacturing it. 🕵️‍♂️⚖️
https://doctorsofcourage.org/the-predictive-policing-racket/

webpuppy45.bsky.social•1 day ago

shaft4783.bsky.social•1 day ago

MAGA amiiright???

minnesota-2024.bsky.social•1 day ago

Everyone thinks they're gonna lose their jobs thanks to Elon. Jobs fuel other jobs. Nothing is complicated.

stephenaytch.bsky.social•1 day ago

It's almost a truism that if you kill demand, the economy tanks.

Demand supports are things like food stamps, Social Security, Medicare, Medicaid, Section 8, etc... not to mentiom the credible possibility of significant wage increases and no civil service layoffs.

stephenaytch.bsky.social•1 day ago

If the economy collapses, it will be entirely Hoover's -- I mean, Trump's -- fault.

vtgal.bsky.social•1 day ago

The economy is contracting because the effing president is a fascist nutjob.

slick-50.bsky.social•1 day ago

Corporate capitalism requires consumption. Real numbers of consumers are voting with their dollars.
We're in the less is more phase of resistance.
Mortgage
Food
Utilities
Everything else I'm learning to live without.

mfmamapajama.bsky.social•1 day ago

Agreed. Only necessities and only from the places who share my values

tiggr55.bsky.social•1 day ago

Yup. My 25 year old jeans still fit. Holes can be patched. Shoes, gotta keep a new pair occasionally cause they wear out. The kiddo got new shoes for xmas, new swim suit this week but shorts and tshirt are still good. We all have to save. They are good sports as long as mom makes pizza!

tuneraider.bsky.social•8 hours ago

Congrats on getting into your 25 yr old jeans. ❤️

smoon1.bsky.social•1 day ago

Where i am hoping people "spend" is into their communities. Public education or libraries services are all really hurting for funding these days and having contributions would make a huge difference

tiggr55.bsky.social•23 hours ago

Yes. We will buy local and are committed to only eating at our local establishments. Fortunately we have several!
We also support our local library and artists, musicians, and thespians.

vtgal.bsky.social•23 hours ago

👍💙👍

slick-50.bsky.social•1 day ago

Without the frivolous spending I have donated more to pet causes. Literally to animal rescue services.

🙌👍

tasimmo.bsky.social•1 day ago

It will. Uncertainty breeds caution. People are going to cash. Corporations won't like that.

bluebev.bsky.social•1 day ago

Could contract?? So fucking diplomatic? We don't need diplomacy. We need them hard/straight talk and action.

hilly-keys.bsky.social•1 day ago

It’s a post about the economy

flowermslle.bsky.social•1 day ago

Recession

andzinthesky.bsky.social•1 day ago

Like we needed to see that, the blindest fool can understand that fewer jobs and less money rolls downhill while the oligarchs lather each other in softsoap and jam it into the US public bare.

bert73.bsky.social•1 day ago

@mcuban.bsky.social - just out of interest... assuming the orange wankmaggott succeeds in fucking up a perfectly good economy (and undoubtedly blaming it on Biden and the Dems...) will this undoubtedly lead to a recession in Europe?? (Asking for some friends 😃).

magabuster.bsky.social•1 day ago

Wankmaggot.
Thank you for that.
I am going to steal that.

art-and-soul.bsky.social•1 day ago

And all the corporations were betting on Trump. I'm guessing they don't even get their big tax cuts, especially if the economy is tanking.

cleisthenesforever.bsky.social•1 day ago

He is championing economic philosophy that has been debunked for well over a century. The businessmen who have been the proponents of open markets and trade are now yes men to his mercantilist rhetoric.

The US debt will explode, America’s economy will crash, and rest of then world will follow

art-and-soul.bsky.social•1 day ago

We will see, I guess. I hope you are wrong.

cleisthenesforever.bsky.social•1 day ago

The only way I see of avoiding this is if he is all bluster and backs away from his tough guy tariff approach like in the first term

But I think he has already shown this term is going to be far crazier

I hope I’m wrong too

keldon14601.bsky.social•1 day ago

Oh yes they will... to stimulate the economy as they have said for 50 years

art-and-soul.bsky.social•1 day ago

It will take months to get that tax cut through Congress. A lot is going to happen in the next few months. Many Republicans in the Senate are not on board to raise the debt limit.

teddley.bsky.social•1 day ago

Beware… stagflation warnings from Nobel Laureate Dr Paul Krugman

wotfanatic.bsky.social•1 day ago

Recession is inbound

johnkrafcik.bsky.social•1 day ago

Gee I wonder what drove a spike in imports in January...

rudyromeiro.bsky.social•1 day ago

#TrumpRecession is coming.

mrlky.bsky.social•1 day ago

This REPUBLICAN budget guarantees a contraction.

bk-rn.bsky.social•1 day ago

So what does this mean for the average Joe?

What should we prepare for?

citizen2.bsky.social•1 day ago

“So what does this mean for the average Joe?”

A volatile trading environment?

tallmom63.bsky.social•1 day ago

Exactly! I’m wondering. Sell my house? Cash out?move retirement to off shore??? We need guidance @mcuban.bsky.social

morpheus55.bsky.social•1 day ago

Survivalist bunker, minimalist living, downsizing everywhere, cut out all non critical expenses & then cut some more, any that aren't for survival gotta go! Find a portable water treatment system, dehydrated food stores & a generator. Try underground living

themichaeljortner.bsky.social•1 day ago

So in other words Trump and Musk are bad for the economy

jcorpoman.bsky.social•1 day ago

Contraction of the economy always follows a severe drop in consumer confidence. And? It's one of the easiest indicators to protect your assets.

Man..I still remember that from my professor of Economics from in 1980.

billm1.bsky.social•1 day ago

That was a lot. Glad I read it

otmunderground.bsky.social•1 day ago

Could? Is going to! Why do we keep hedging on this? Yam Tits is tanking the economy.

aliceinwonderland6.bsky.social•1 day ago

probably because no one wants to time the market

minnesotawolves.bsky.social•1 day ago

An economy propped up by $2 trillion in annual deficits was where we were, this is not shocking.

rtesta16.bsky.social•22 hours ago

“Yam Tits,’ it is…. That’s hilarious 😆

mollym11.bsky.social•1 day ago

hahaha. I mean horrible about where we are and where we’re heading, but I hadn’t heard him called Yam Tits yet. Thank you for the laugh.

lukesheppard.bsky.social•1 day ago

My favorite appellation for his has been Cadet BoneSpurs.

wokeful.bsky.social•23 hours ago

Yeah, but Yam Tit's has a little more panache.

bojabi.bsky.social•1 day ago

Billionaires LOVE recessions.

cerealchiller.bsky.social•1 day ago

Please explain it to me like I’m 5. Wouldn’t that mean their businesses and investments get impacted too?

bojabi.bsky.social•1 day ago

Only temporarily. Recessions are a huge opportunity to buy distressed assets, which desperate people sell at way below normal market value. That's why billionaires also love hurricanes, tornadoes and wildfires too.

cerealchiller.bsky.social•1 day ago

That makes sense. Ugh. They are so untouchable. Recession will only put more burden on everybody else but them 😭

soeva520.bsky.social•1 day ago

Well Musk did say WE will have to suffer a little. Do you think he was including himself?

fractegrity.bsky.social•1 day ago

The State of the Union address will be interesting, too. A record for lies per minute?

tallmom63.bsky.social•1 day ago

Who’s gonna do it? Elon?

fractegrity.bsky.social•1 day ago

Trump may be the mouthpiece but Elon will be the puppet-master with lots of DOGE disinformation.

tallmom63.bsky.social•1 day ago

How many won’t watch?

fractegrity.bsky.social•1 day ago

I won't. I don't think I can stand listening to him for that long.

morpheus55.bsky.social•1 day ago

I hate his face, voice, stink, smirk, aura, witless greed, chronic lies, low IQ, disloyalty, melon skin, floppy mop toupee, obesity, diapers, lifts, & hand waves. I hate him & everything about him! He's soul less, depraved & beyond redemption. No I won't be watching. A 1000 talking heads will recap

jpgrfan16.bsky.social•1 day ago

If his lips are moving, it’s a given

fractegrity.bsky.social•1 day ago

If his heart is beating he is lying - externally or internally. Hopefully he will stop lying soon . . .

canadianheart.bsky.social•1 day ago

Looks like Donald Trumps signature!

beck-74.bsky.social•1 day ago

Afib?

billford123.bsky.social•1 day ago

Musk already "tweeted" that it is the formula that is wrong with GDP. So dont look at what your eyes, wallet, and every economic indicator is telling you, look over here.

pt-3d.bsky.social•1 day ago

Keep your eye on the stock market Monday morning when all of our allies dump their American stock just like they dumped Tesla stock

billford123.bsky.social•1 day ago

i have been liquidating positions since beginning of feb, still hold some less volitiles like COST, KO, etc. Dont think I have had this big a cash position in years, ready for blood on the streets to go all in

aliceinwonderland6.bsky.social•1 day ago

get on my level, I've been dumping since December and went into gold

billford123.bsky.social•1 day ago

Still have a gc position, and holding ng. For ones I didn't liquidate I cut my position in half

surfergirl333.bsky.social•1 day ago

devoidcat.bsky.social•1 day ago

Just wait til we start feeling the effects of the Canadian boycotts and I imagine EU will follow.

lmc859.bsky.social•1 day ago

Lots of subhumans will too

eufronio.bsky.social•1 day ago

Musk predicted economic pain. Was there a policy prescription for recovery fr him or for him

nywiz.bsky.social•1 day ago

Hey Mark,

Steve Cohen the Mets owner with a +25 year success rate is going negative on the economy as Trump's tariffs and DOGE take a hold of our economy.

Per Steve Cohen:

Point72 CEO Steve Cohen: DOGE negative for economy

https://www.bing.com/videos/riverview/relatedvideo?q=Point72%20CEO%20Steve%20Cohen:%20DOGE%20negative%20for%20economy&mid=D02CA627FC5125021DF1D02CA627FC5125021DF1&ajaxhist=0

elsacaroline.bsky.social•1 day ago

@mcuban.bsky.social Beyond any analytics, the reason the economy is going to tank is simple - Americans are anxious, scared, unsure and apprehensive. People don't shop, buy, build, expand, reproduce or thrive during extraordinarily stressful times like these. When people are stressed, spending stops

nancielina.bsky.social•1 day ago

Nothing to do with Trump/Vance insult fest?

vintagemuckabout.bsky.social•1 day ago

But but but Elon 🤡 said he’s knows a better way to calculate gdp that makes everything seem much better by eliminating gov spending cuz that doesn’t help anyone anywhere at all ever and is artificial contributor to economic health.

bensgigi.bsky.social•1 day ago

It's starting . . .

passonx.bsky.social•1 day ago

Wait.. this looks like the Seattle skyline in Frasier.

beowolf5548.bsky.social•1 day ago

https://youtu.be/PyDb3zNH3q0?si=YHcvwjMoceTplWT4

euclido.bsky.social•1 day ago

I wonder how companies like LifeLock are feeling at this point?

thereportcard.bsky.social•1 day ago

Freddie Mac loan delinquencies were at an all time high end of January. Even higher than the 2008 mortgage crash. It’s going to be terrifying seeing their numbers for Feb.

abyssinianking.bsky.social•1 day ago

This is scary!

sydneyismyalias.bsky.social•1 day ago

I’m someone who always budgets. Bill $ here. Fun $ there. Savings $ yonder. I cut the fun $ out & put it into savings. Essentials only now. We replaced everything we could in ‘23-‘24 just in case he won knowing we wouldn’t spend outside of essentials if he did.

notmine20172025.bsky.social•1 day ago

That’s what we did as well

carmelacruz.bsky.social•1 day ago

I wonder if economists give this data any clout?
https://www.crisesnotes.com/a-scam-built-atop-an-accounting-gimmick-wrapped-in-bullshit-why-visiting-fort-knox-is-not-about-selling-gold-but-is-about-buying-bitcoin/

salnichols94804.bsky.social•1 day ago

Watch what happens when ee all take a few weeks off.

tuneraider.bsky.social•1 day ago

Scared people don’t spend

3 million federal staff,
stopped spending

7 milllion ex service people , stoped spending

50million receiving social benefits
Stopped spending.

I’ve stopped spending , essentials only .

You?

mandyb44.bsky.social•10 hours ago

My husband is a federal employee. We have cut back only to the essentials since we don't know if we have job security.

tuneraider.bsky.social•8 hours ago

Exactly, so many people are doing the same. It’s a natural reaction. Low confidence destroys economies very quickly.

tiggr55.bsky.social•1 day ago

Yup.

shootingstar280.bsky.social•1 day ago

I’m in! Essentials only and where I buy the matters! And I’m thinking I will save some money in hopes that either our country will get back on track or perhaps I buy a nice villa somewhere in Europe… a girl can dream

surfergirl333.bsky.social•1 day ago

I’v stopped spending on non essentials. It will get worse. I refuse to contribute to his tariff (tax to consumer) economy.

deemont.bsky.social•1 day ago

Spending nothing but essentials

tuneraider.bsky.social•1 day ago

I believe that 50%+ of us are doing the same. That’s gonna bite real quick

shockermolar.bsky.social•1 day ago

This economy will not receive a dime of my earnings beyond existence needs. The future is scary AF!

existentialrelease.bsky.social•1 day ago

They are doing this on purpose

podwaydave.bsky.social•1 day ago

could contract?

already did

how do your receipts look

I am hoarding canned food from the food pantry
getting ready

sbravo707.bsky.social•1 day ago

@mcuban.bsky.social You should be ringing the bells as loudly as I am. @costplusdrugs.com depends on it.

What happened with HHS today should alarm us all. It is life-or-death.

jazzcomposer.bsky.social•1 day ago

Are we now entering an era of "RumpStagFlation"?

RumpStagFlation is:

Stagnation of economic activity (i.e. job loses and high unemployment) induced by rump tariffs that causes inflation (i.e. higher prices).

Is a worse economic scenario possible?

What do you think?

nickfromjersey.bsky.social•1 day ago

Would think the spike in imports impact would be a lot less of a harbinger of a GDP crash if consumer confidence was high, but with that being shakey, it (in theory) means the added inventories of imports are less likely (short-term, at least) to factor into other parts of the GDP formula.

janabd.bsky.social•1 day ago

The sooner our economic downfall starts, the better! Because if that "sooner" comes the soonest, we will take that cheap Russian whores in the WH to....you know where!

vannevar.bsky.social•1 day ago

For the record, Musk did say they were going to deliver a recession and a stock market crash. But I guess half of America decided it was worth it for the chance to persecute immigrants and trans people.

https://www.marketwatch.com/story/kaboom-elon-musk-predicts-hardship-economic-turmoil-and-a-stock-market-crash-if-trump-wins-20483008

fake-speeches.bsky.social•1 day ago

The crazy thing is musk has no clue how the economy works. Just like he had no clue how viral spread works

The terrifying thing is he’s disregarding science and math and educated analysis to implement his gut feelings, and we’re all going to suffer

kindnes.bsky.social•1 day ago

This is only a net positive if you have cash to buy distressed assets. There will be lots of bankruptcy & loan defaults.

shellygee.bsky.social•1 day ago

You mean, like, billionaires?

country5471.bsky.social•1 day ago

So many people loosing their jobs in the government. Party city closed those people out of jobs. Inflation is up. Tariffs on. This is not good

themis-is-angry.bsky.social•1 day ago

I prediced we will have another 2008 by July. I could be wrong,it could be sooner.

country5471.bsky.social•1 day ago

Well it will be worse if Trump and the republicans are truly dismantling this country for Putin

country5471.bsky.social•1 day ago

And eggs forgot about eggs

b-rad-gluckman.bsky.social•1 day ago

Could? They said the quiet part out loud again Mark; WILL CONTRACT. Start hedging for it yesterday.

kristinlthomsen.bsky.social•22 hours ago

ed-never-forget.bsky.social•1 day ago

"Could"? We're watching the economy in fact contract.

Look at early summer rentals in high-end communities - down.

Look at committed travel/airline bookings/plans - down.

We're watching consumer confidence plummet.

GAME OVER!

aj-b.bsky.social•1 day ago

The invasion of Ukraine by Russia caused a severe shortage of food and other necessary items that the world needs? Why did food prices rise? Russia will hold the world hostage IF WE DO NOT SUPPORT UKRAINE. Complain about the price of eggs when you won't be able to afford any food at all.

check17.bsky.social•1 day ago

Anthropology Major here, I’ve been having a blast in the UVIX, seemed to be the only logical thing to do, and it’s been working out pretty good. Seriously though, I have no clue what I’m doing, but all I know is every time trump talks, it goes up, and he likes to talk.

canadianbacon66.bsky.social•1 day ago

Recession is in the cards

hobbesjosh.bsky.social•1 day ago

Too much uncertainty could lead us to a recession

everest57.bsky.social•1 day ago

I don’t need a graph Mark. All I have to know is that there’s a republican in the WH.

indiepress.bsky.social•1 day ago

I wonder what the economy would be like if there were no Billionaires❔🧐
https://www.perplexity.ai/search/what-would-life-be-like-withou-c3wnzQdqRbiHBb_Fdd4tfQ

austinjdavis.bsky.social•1 day ago

Americans - just the 50% of us who don’t care for this President have the power to bring him down.

“It’s the economy stupid”

We can bring it down.

Don’t shop for a few days. Stay in for dinner. Take your kids to the park. Play games with family. Watch Arnold 80’s movie - I suggest Goonies

universal2024.bsky.social•1 day ago

We must look for the truth somewhere how the economy is really trending because they won't tell you about it in the mainstream.

wichitawags.bsky.social•1 day ago

Just waiting to hear back until Trump decides to doctor all economic data by taking over the Fed.

greenvermont.bsky.social•1 day ago

What are the chances that trump will “instruct” the Atlanta Fed to revise upwards? Sorry, not trusting much or anyone these days… 😞

didntcmecumin69.bsky.social•1 day ago

Could ? It will at the rate DJT is pushing our friend’s away.

sdhat.bsky.social•1 day ago

Trumpanomics pure and simple.

nenebal.bsky.social•1 day ago

GOP: Step aside and let the adults run things now
Things:

elon100kunter.bsky.social•1 day ago

Do you fund insurgencies? The USA is finished.

boerjebrandt.bsky.social•1 day ago

Hi https://Democrats.org

In Congress, Senate and in USA.

Time to unite different social groups in a way that is unprecedented in U.S. history.

Never before has Putin owned the White House in the United States !

bigjakeindependent.bsky.social•1 day ago

The Democrats won't save anyone. They can't even unify themselves in Washington.

co-nightsky.bsky.social•1 day ago

notmine20172025.bsky.social•1 day ago

Vance set up the trap for President Zelenskyy. He is worse than felon. We have to get rid of ALL of them. And that isn’t possible. Dumping felon only puts someone younger and darker (remember his recent speech to Germany) in office. We need a better plan

loopsydo.bsky.social•1 day ago

When exactly is he going to make America great again??

paulantero.bsky.social•1 day ago

We need TSLA to break through -- i.e., under - the technical floor of $200. All power and good karma to The Shorts.

🙏 🍀 🙏 🙇‍♂️ 🙏 🛐 🙏

jediqueenempath.bsky.social•1 day ago

https://bsky.app/profile/jediqueenempath.bsky.social/post/3ljcvmilwu22m

lenecharlotten.bsky.social•1 day ago

🇺🇸nope

wnyoriginal63.bsky.social•1 day ago

Maybe why Trump is switching sides... Taking pressure off Putin may expand oil and other resources in the face of impending tariffs.

fvalerii.bsky.social•1 day ago

So the explanation is that a lot of imports were anticipated because of the coming tariffs to avoid them. In Italy for example I know that many producers brought their goods to the Us in advance (e.g. Parmigiano)

adamsadolphus2025.bsky.social•1 day ago

Living with paraplegia means daily challenges. I'm raising funds for an enclosed mobility scooter to boost my independence and improve my quality of life. Every donation truly matters. Your support means the world to me. More details on my GoFundMe. Donating or sharing is great. https://gofund.me/0af928df

tslq.bsky.social•1 day ago

Meanwhile Mark:

aa-rad.bsky.social•1 day ago

Sorry to borrow your space but I don’t have exposure on here and I’m asking some people out there to share this thread to a government website where parents can rat out teachers that share “DEI” like info.

https://www.ed.gov/about/news/press-release/us-department-of-education-launches-end-dei-portal

meanneighborlady.bsky.social•1 day ago

Middletown Ohio zipcodes are 45042, 45043, 45044.

ty-good24.bsky.social•1 day ago

dmcgo.bsky.social•1 day ago

Honestly, knowing that it would not only hurt me and mine, I want this thing to blow up. It is the only way Americans will get off their asses and into the streets.

kennethmulvena.bsky.social•1 day ago

Once that happens that’s when trumps downfalls begins. So silver lining at least

francescadiasio.bsky.social•1 day ago

Oh please.
He’ll blame it on Biden or DEI or immigrants.

kennethmulvena.bsky.social•1 day ago

Of course he will. And some will go along with it but millions won’t and realize they’ve been tricked. If we want him out of office asap we’re gonna need the help of allot people who voted for him three times.

francescadiasio.bsky.social•1 day ago

It’s been ten years and they haven’t figured it out yet. They’re never going to.

He incited an insurrection on live tv and convinced them it didn’t happen.

Blaming social security on somebody else is child’s play for him.

kennethmulvena.bsky.social•1 day ago

You start having an economy in both free fall while simultaneously making everything more expensive and it starts to effect basic needs not seen anywhere else in the developed world you will.

francescadiasio.bsky.social•1 day ago

I’d love to be wrong, but don’t think I am.

dblynch.bsky.social•1 day ago

He's a RU$$IAN A$$ET. He needs to be removed NOW!!!
25TH AMENDMENT NOW!!!

fashionablyover60.bsky.social•1 day ago

That is exactly! We as a people do not know how to do without- so it’s going to get ugly.

hobbesjosh.bsky.social•1 day ago

Nope. RW media will turbocharge through blame game

andrewpwang42.bsky.social•1 day ago

I don't trust them to listen to any evidence. A majority of the people in Jonestown literally drank cyanide-laced kool-aid rather than betray a leader who had taken them away from their families and lives out of paranoia and a need for control. I'm not sure Trump supporters are less devoted.

alexdrake.bsky.social•1 day ago

This will change quickly if he touches Social Security and Medicare.

screamingsclady.bsky.social•1 day ago

The greatest number of people turn 65 this year. Like peak baby-boom. Mess with Social Security and we might see action.

hobbesjosh.bsky.social•1 day ago

No it won't. They will say it was DEI mismanagement and they will fix SS to improve it.

alexdrake.bsky.social•1 day ago

Everyone is three square meals away from a riot.

If the checks fail to go out, it starts.

carolyndenise.bsky.social•1 day ago

That's what he wants, I pray it doesn't happen. It gives him every reason to declare martial law.

doreenstermann.bsky.social•1 day ago

and trump wants riots. That will be hus Reichstag Fire and will give him his reason to enact Martial Law. You do not want riots!!! Only peaceful protests

kennethmulvena.bsky.social•1 day ago

Yep especially after he promised the world to many of his voters and the end up with no healthcare, high prices for goods, and social security cuts

proudcanadian66.bsky.social•1 day ago

Well then they better fill those bellies. I hear their riding tomorrow for a NO spend day buoycott.

shaggy1.bsky.social•1 day ago

That's what they want.

bookyboo.bsky.social•1 day ago

Don't mess with the gray hairs.

kindnes.bsky.social•1 day ago

Fox Entertainment will blame it on liberals & they will lap it up. All those union guys will see their rights stripped away, lol pathetic.

matt90powers.bsky.social•1 day ago

Hell hath no fury like The Villages scorned

fawneyes.bsky.social•1 day ago

I don't think it will. The tRump supporters I know will stay with him no matter the consequences .

soeva520.bsky.social•1 day ago

Well he’s. Touching

kennethmulvena.bsky.social•1 day ago

Some are beyond yes. But many many are not right now. If we’re ever getting rid of this idiot asap it needs to be with allot of people who voted for him three times and are sick of him. Better late than never

andrewpwang42.bsky.social•1 day ago

I'm not confident. Plus, he may just use the media, military and the fact that he has every American oligarch by the nuts to make elections worthless. Americans seem to think we're immune to something that's happened many times, in many places. I hope we don't get shown how wrong we are.

kennethmulvena.bsky.social•1 day ago

You can’t keep screwing up global economics and trade deals and not have powerful people lose money and power to fight back. Inventively if he destroys enough industries and causing economic instability, they will look to remove asap or contain his power at minimum.

kcedsallrn.bsky.social•1 day ago

Exactly what I have said got a long time. This cult is bought in. Take a listen to this amazing and depressing podcast https://podcasts.apple.com/us/podcast/this-american-life/id201671138?i=1000694919607

jetblackbox.bsky.social•1 day ago

Trump will say "I didn't do it-- Elon Musk did." Musk goes down first, which suits me just fine.

dhappy2b.bsky.social•1 day ago

There’s only one way to cure this troubled misguided administration. Starting today a full BOYCOTT of our own products until trump is gone! Time for self induced economic chemo, in the hopes we can heal from this pestilence of a presidency.

ghostofgroucho.bsky.social•1 day ago

I have had my investment Jedi take out about 45% of my investments and put them in a money market.

May not be financially sound to do this, but i do NOT want my retirement riding the Trump 2.0 rollercoaster.

My Investment Jedi who normally pushes back said "I will be happy to do it for you"

ghostofgroucho.bsky.social•1 day ago

I decode this as "This is not a terrible idea"

thenewnucleus.bsky.social•1 day ago

So many reasons the economy IS ALREADY contracting. I sell million dollar equipment built in Europe. To scientists. 25% tariffs on top of the cuts to science? 😂😂😂

hepatitisme.bsky.social•1 day ago

How would GDP not fall tho?

-Functionally eliminating near a hundred thousand middle class jobs across the country,
-Freezing the growth funding (hella cooling effect) for 1/8th of the economy.
-Making global supply chains anxious when they've barely recovered from the Pandemic.
- Ugh Ad Nauseam

cybersecguy.bsky.social•1 day ago

And we haven’t even seen the new 25% taxes (“Tariffs”) on Americans coming next month.

5wasky.bsky.social•1 day ago

Trumpflation. Economists will name and blame this on Trump.

suanish.bsky.social•1 day ago

You’re worried about the economy when a russian sympathizer is president of the u.s.? The country that afforded you the opportunity to get rich? You and those who grew wealthy by living here owe the rest of us something other than pablum

madisonbelmar.bsky.social•1 day ago

His point is that it is likely a temporary blip. Recession may be coming, but this is not a real harbinger.

peark.es•1 day ago

Mark I think I made the opposite point pretty clearly…?

blikethecheese.bsky.social•1 day ago

Thank you, I thought I was hallucinating.

infinitehydra.bsky.social•1 day ago

He's a billionaire. He knows more than everyone because he can start a Tequila brand called "Tres Comas."

jenonymous.bsky.social•1 day ago

Maybe he stopped at your second post breaking out that government spending a component of GDP? 🤷🏼‍♀️

davidcdean.com•1 day ago

You did. And thank you for explaining it in a way dummies like me could understand.

maaronweber.bsky.social•1 day ago

lol

Lmao

maaronweber.bsky.social•1 day ago

This makes me really appreciate when you answer my dumb little questions thank you George

econreporter.bsky.social•1 day ago

your shark tank pitch failed🫵

maaronweber.bsky.social•1 day ago

😄😂

malcolmjoseph.bsky.social•1 day ago

Uhhh to your point about CEOs…

purrfectlyfrank.bsky.social•1 day ago

Y’mean he’s *not* making America so great again ???

notmine20172025.bsky.social•1 day ago

Oh, no, he thinks this is all great. So do his sheeple

drdavidbach.bsky.social•1 day ago

Try to find the best linear unbiased estimate on THAT moving trend line! That's today's challenge.

farmhousechic.bsky.social•1 day ago

I posted earlier that our local Walmart was -22.2% as of 1:37 p.m. I'll get the final numbers tomorrow.

michel1254.bsky.social•1 day ago

Could?will!

ronhole.bsky.social•1 day ago

I'll suffer eating my $3.50 eggs, Canadian back bacon and poutine for as long as it takes the tariffs to drive the US economy to a halt if it means the Dems take back the house in the special elections and the Senate in the mid-term's

cb-2025.bsky.social•1 day ago

It’s the Feb 28 pro-Trump /musk corporation boycott. Woohoo. Making a difference.

alissa914.bsky.social•1 day ago

It's because America elected a guy who thinks the only reason we have a bad economy is because he isn't there yelling at us saying, "stop doing that!"

midonz.bsky.social•1 day ago

You still have hope it won’t when they’re burning the federal government to the ground?

cypherfaerie.bsky.social•1 day ago

📌

ronaldjoosten.bsky.social•1 day ago

In less than 6 (!) weeks #Trump has managed to enrage government workers, low- and middle-class families, military generals, neighboring countries and Western allies. He has destroyed America’s reputation, leadership and soon its financial standing.

Impossible that this will go on for four years...

wyzegi.bsky.social•1 day ago

They want to topple the Dollar as the world currency.

jstcr.bsky.social•1 day ago

and us with it

witchypooh.bsky.social•1 day ago

And Americans should be grateful. While the world needed usa currency, your gov't just kept printing decreasing your purchasing power. That caused the elimination of your middle class and caused profound homelessness. Get it?

notmine20172025.bsky.social•1 day ago

That’s his goal. He wants crypto to be the is currency.

petergriffinuk.bsky.social•14 hours ago

It’s almost like he wants USA weaker🤔 Who in the world stage wants a weak USA .. He is a puppet for a foreign country and this his last chance to do what they need him to do … That’s if he actually ever leaves…

hollyhock64.bsky.social•1 day ago

Watching from the UK it seems to me that he's not planning to have any more elections.

mtnthc.bsky.social•1 day ago

Could, I think you mean absolutely will.

david.klamet.net•1 day ago

Before: "It's the economy, stupid!"

Now: "Stupid, it's the economy!"

ewr1947.bsky.social•1 day ago

🤣

michaellkaufman.bsky.social•1 day ago

I was an economics major in college a million years ago and I am sooo geeking out on this! Thx for sharing. 👍

frayedio.bsky.social•1 day ago

I just figured the chaos and firing would people a bit shy about spending. Local plant the supplies auto parts is cutting shifts.

seismoallegra.bsky.social•1 day ago

paulalisa.bsky.social•1 day ago

The faster that dictator falls the sooner we can all start over and you will be one of the leaders we depend on CUBAN

andreajane1.bsky.social•1 day ago

Would you please translate it into junior high school English for the rest of us?

skatej.bsky.social•1 day ago

There’s little question of this downturn happening.

michea64.bsky.social•1 day ago

Consumers continue to boycott spending!

chrisfunch.bsky.social•1 day ago

That hurts workers, especially those living paycheck to paycheck.

greyghost11.bsky.social•1 day ago

Trump is going to start having negative data removed. Buckle up folks we’re just 5 weeks into this mess

paperbakwriter.bsky.social•1 day ago

He can’t prevent all the data being made public.

notmine20172025.bsky.social•1 day ago

He will not allow true figures to come out. Fake unemployment data, fake gdp, fake stock market, fake inflation rates, fake fake fake. He won’t allow the truth to be told ever by anyone!

jekmann.bsky.social•1 day ago

That sounds a bit like..Russia.

scorpioniii.bsky.social•1 day ago

There was a protest scheduled for Friday to protest Trump's Oligarch takeover mega- magnified by Musk's obvious hacking of the vote and subsequent ownership of Trump & the entire planet is pissed

poochpest.bsky.social•1 day ago

Trump/Musk.

oldcrankygma.bsky.social•1 day ago

‘Could’? I think that’s DT’s plan.

multredab.bsky.social•1 day ago

"could"? How about people who have needlessly lost their jobs. Pffft

ncgirl-voteblue.bsky.social•1 day ago

The goal in delaying tariff’s was so his supporters wouldn’t realize what was happening until the job was done 🤷‍♀️

cinnamonalice.bsky.social•1 day ago

It's like cutting off my nose to spite my face, I know, but I plan on spending as little as possible in the upcoming months, just to help make Trump loathed and hated by his own ignorant followers.

jerryblue.bsky.social•1 day ago

Trump fucks everything

ruthjohnston.bsky.social•1 day ago

Literally and not

citizenoversight.bsky.social•1 day ago

More importantly 401Ks are tanking, even for MAGGOTS.

grizbanks.bsky.social•1 day ago

Making America broke again

84elm13.bsky.social•1 day ago

Let's replace when for why and will for could. Amirite?!

leslierob007.bsky.social•1 day ago

we'll just redirect our dollars for a year or two, see if that helps ppl see more clearly.....

diggrodel.bsky.social•1 day ago

That's quite interesting. Thanks for the article.

alisonkirkconnell.bsky.social•1 day ago

The economy is and will continue to contract because something like 45% of voting age Americans elected a tyrannical, petulant ideologue who will bankrupt an entire nation to feed his enormous ego

oldcrankygma.bsky.social•1 day ago

Uhh.. 35%.. no, really 35% of voting population voted for the traitor.

heliant.bsky.social•1 day ago

I'm praying for it. Honestly. It's the only way the pain level needed for change will happen. Yes, yes, I know, it will hurt all of us, but I come from people who lived thru the Depression and we can do this. Trust me. And it will make us stronger in the end.

tesserin16.bsky.social•1 day ago

Only if it doesn’t kill us first

heliant.bsky.social•1 day ago

I understand but we will take care of each other, we will have gardens, eat cheaply. Check this out. All the vids are wonderful. https://youtu.be/p-GVl7scrYE?si=S0Fbdoe7zHKGNiv1

snorton4.bsky.social•1 day ago

I kind of agree. The only way his base will see their mistakes is if they feel it. Otherwise, when the traitor is gone, if we do get through this, it will happen again soon! We need to wipe out all credibility for the authoritarian regime!

heliant.bsky.social•1 day ago

We need a constitutional convention, is what we need. Because what the framers didn't forsee, or remedy, is what happens when checks and balances don't hold. In other democracies, a snap election would be called.

snorton4.bsky.social•1 day ago

I was wondering what could be done. It seems like when the whole administration is corrupt, like we have now, but something should be able to be done. But what are the Democrats empower doing? I have no idea what or how something needs to be done to take our country back!

heliant.bsky.social•1 day ago

The Democratic leadership could call a presser on the steps of the Capitol. "We hear you are organizing a nationwide economic strike on February 28. We think this is a great idea. We totally support this. Will participate ourselves." How simple, really. And that's for starters. NOT ignore it.

andrew-ukraine.bsky.social•1 day ago

Following today’s events, I will now sell every US stock that I own.

It is time for Trump’s America to start feeling real pain.

mychaelp.bsky.social•1 day ago

Trump owns this.

minutello1.bsky.social•1 day ago

They want us poor and hungry so that they can control the whole Country. Don't allow that to happen!

notmissy.bsky.social•1 day ago

Poor and hungry breeds revolt, but only after the cake is eaten…

lukesheppard.bsky.social•1 day ago

That's confusing.
Explain more please?

notmissy.bsky.social•1 day ago

Reference to the French Revolution in the late 1700s

minutello1.bsky.social•1 day ago

I knew that.

lukesheppard.bsky.social•1 day ago

But in the French Revolution, the peasants never had cake to eat. That's why I was confused.

notmissy.bsky.social•1 day ago

The aristocracy had the cake and continued to eat it while peasants starved. Then they lost their heads. Oops. Probably should’ve shared some cake.

inarpila.bsky.social•20 hours ago

They want real estate value to plummet again so the people with money (read: Billionaires) can buy at fire sale prices.

minutello1.bsky.social•20 hours ago

I believe that is one part of the plan.

inarpila.bsky.social•13 hours ago

As a homeowner who is nearing retirement with still mortgage to pay, I lose sleep over this dire prospect.

minutello1.bsky.social•13 hours ago

We do too.

hendersonmark.bsky.social•1 day ago

Looks like the into to Frasier.

sealevel1.bsky.social•1 day ago

Could?

misskkitty.bsky.social•1 day ago

Firing thousands of workers from (G)overnment is going to have a significant impact and tariffs will reduce (C)onsumption.

modicool.bsky.social•1 day ago

So, to brace for the tariffs they imported like their future depended on it, but now they need to sell that inventory.

geekstreet.bsky.social•1 day ago

And probably at lower prices to future consumers than if they didn’t stockpile pre-tariffs.

So that should be a + for Q2 GDP, yes?

modicool.bsky.social•1 day ago

Theoretically, unless consumer sentiment is far below what was expected.

kevincasey.bsky.social•1 day ago

Companies driving imports to warehouse/head off the tariffs?

greatk8.bsky.social•1 day ago

Please educate your followers on why Elon might want the economy to contract.

Hint: lower interest rates.

anastasiahf11.bsky.social•1 day ago

Not if but when and how bad

will-pi.bsky.social•1 day ago

did you actually read the thread? he's saying it's just a reporting anomaly.

asteroidbooty.bsky.social•1 day ago

If you watch Conservative media, they find a way to spin everything... Blue is red, dog are cats. Truly stunning goal post momentum.

debbietart.bsky.social•1 day ago

Zelensky and Macron have stood up to the Trump Satanist Nazis Pedos who hid in our churches as good people!
Our Supreme Court seems to be afraid to tell their next criminal decision regarding Trump!
ALL Our SCOTUS Justices need removal for gross legal malpractice and corruption!
It's a HEIST!

surfergirl333.bsky.social•1 day ago

Not all 9. 3 are center left. 1 on the right is not extreme, but Thomas, Alito, Coney Barrett, Gorsuch and Kavanaugh must go! The last 4 lied to the Senate and the American people during their confirm hearings stating Rowe v. Wade was settled law “stare decisis” then overturned it immediately!!!

joedavis72.bsky.social•1 day ago

Could also be that it’s been contracting for two years, but this data has been hidden by spending by the rich.

ewr1947.bsky.social•1 day ago

Not really evidenced by savings. The lower 90% have drastically reduced their savings while the top has not much changed. Still, the overall savings today are higher for everyone than pre COVID.

deltamuff77.bsky.social•1 day ago

<- Mark Cuban | Reality ->

hpsc24.bsky.social•1 day ago

https://youtu.be/7xkgoRkC3pc?si=SrtnD_eHVU4X4mSG

gill066.bsky.social•1 day ago

mark i thought you were posting a new episode of frasier

podracing.bsky.social•1 day ago

Hey Mark,
Buy Kohl's and dominate Amazon. Blue people have no place to shop in 2025.

henrydrift.bsky.social•1 day ago

Wow when we altogether stop spending, it makes a difference

maverickgator.bsky.social•1 day ago

This was an incredible revision from the Atlanta FED from just a couple of weeks ago. The GDP forecast was revised to NEGATIVE 1.5%. That is before, the March 4th tariffs kick in. We will only see a 33% impact from them. The economy could go off the cliff, especially after today's WH meeting.

sundeacomba.bsky.social•1 day ago

And today’s economic boycott action … people are pissed and thinking twice where and how to spend their hard earned $$.

bearlooms.bsky.social•1 day ago

Not to mention all those inappropriate lay offs and what that will trigger in the economy.

debisskyfalling.bsky.social•1 day ago

Thank you for posting, and for taking the time to explain it to a non math person. 🙏

jongar.bsky.social•1 day ago

When trade tanks, the economy will definitely contract.

strykie187.bsky.social•1 day ago

Big corps have record profits & "inflation" is killing us "non billionaire" types, but yall keep selling us for approval on more bullsht. Yall don't help sht when you could & screw you for thinly veiling posts so the star struck people will think it's great. Like fckin over Ukraine, remember #Cubes

greatfausto.bsky.social•1 day ago

The Trumpcession is starting

democratsinalaska.bsky.social•1 day ago

That looks like a freaking cliff Alright

jilljustsaid.bsky.social•1 day ago

Do I have to go through the whole explanation or can I just assume it's the continuing shit show that is this administration?

karlhk.bsky.social•1 day ago

It’s almost as if firing tens of thousands of workers, starting trade wars and giving everyone a bad case of the “crap, will I even have a job in 3 months?” makes people fearful. Who could have predicted this?

aspo3.bsky.social•1 day ago

It is their agenda to make America the crappy country that he as president is alone in saying.

karlhk.bsky.social•1 day ago

I’m waiting for some Republican dipshit to say “only we can fix this”

michelleybartlett.bsky.social•1 day ago

The Democrats

karlhk.bsky.social•1 day ago

Project 2025 spelled it out

onequbit.bsky.social•1 day ago

just waiting to see how they will blame Biden for this

in-prose93.bsky.social•1 day ago

The billionaires club hired Dt
& on purpose to turn the country on its head for fun & watch all squirm
My brother told me about this back in 1999. Kept bringing theme of putting people in their place , depression, so people beg for jobs
SD suffered greatly from dirty 30’s
Trauma. Govt saved SD

mustlovesports.bsky.social•1 day ago

Lost mine today. Ex lost his last week. Not federal employees. The private sector is starting to cut back in preparation.

karlhk.bsky.social•1 day ago

I’m so sorry

mustlovesports.bsky.social•1 day ago

Thank you!

sheppard171.bsky.social•1 day ago

Wait until the numbers from the “slower than expected spending” in the summer +final layoffs hit. I’d guess the recession hits end of 2025 or Q1 2026.

karlhk.bsky.social•1 day ago

Fastest presidential created recession in history! That’s (the only) one achievement that Trump can genuinely claim.

nildaebs.bsky.social•1 day ago

As long as he is at the top of a list.

keonyn.bsky.social•1 day ago

They'll still try to claim it was Biden. They probably banked on that when they enacted so many destructive policies so quickly. They figured if the economic hit was fast enough and hit hard enough, they could more likely convince their idiot base that it was still Biden's fault.

sheppard171.bsky.social•1 day ago

I’m not all in on the “self destruct theory” but the entire plan was a Hail Mary. Terminating 400k-1.1 million federal employees, while the public sector is cutting will result in recession the tariffs are just the sprinkles on the cake. Someone somewhere told trump this.

keonyn.bsky.social•1 day ago

They probably did tell Trump this, but you can't tell a narcissist they're wrong.

decemberrain.bsky.social•1 day ago

That fool trump is already saying that. Don’t believe him, he’s a lying jackass.

keonyn.bsky.social•1 day ago

I assure you, I have never trusted a word he has said, and I don't intend to start now.

diztravel.bsky.social•1 day ago

And he will still blame Biden.

sheppard171.bsky.social•1 day ago

That’s a guarantee/ the slumping markets and “stagflation” we’ll see all spring will get blamed on Biden.

ad108.bsky.social•1 day ago

He will still blame Biden. I wonder how his base doesn’t see he never takes responsibility for anything and is always a victim. I think that is what maga all has in common they think they are victims and never take responsibility for their own failures.

sheppard171.bsky.social•1 day ago

It’s almost a superpower.

ad108.bsky.social•1 day ago

🤣

dah990.bsky.social•1 day ago

I’m thinking that’s about right

giffybun.bsky.social•1 day ago

And the tariffs are only going to get worse from here.

keyop13.bsky.social•1 day ago

You forgot about cancelling aid programs to farmers. Oh, and it's about the time farmers start to buy fertilizer, an important ingredient you get from Canada. How expensive is it going to get just to feed American families?

ewr1947.bsky.social•1 day ago

You're kind of describing a run on a bank.

lipstickscribbles.bsky.social•19 hours ago

If major industry trade shows are any indication, we're already hemorrhaging.

thewingatesays.bsky.social•1 day ago

Name one republican president that did not have a recession.

boonej.bsky.social•1 day ago

Love this one... Teddy Roosevelt! Literally, the last one to not preside over a recession...

smartmove.bsky.social•1 day ago

Well this is the second Republican president who will usher in a depression.

16341main.bsky.social•1 day ago

Hoover, Bush, who else besides 🍊?

surfergirl333.bsky.social•1 day ago

The stock market crash of 1929 will be 100 years ago from Trump leaving office in 2029. Will he crash it again with his stupidity?

16341main.bsky.social•1 day ago

Most likely. That boy ain't too bright.

smartmove.bsky.social•5 hours ago

That is almost a given.

leendawoman.bsky.social•1 day ago

It seems he’s saying that there was a huge spike in imports that will likely reverse, lower GDPcould reverse as the imports add into other positive factors in equation. In other words this drop might be a temporary timing artifact related to the sudden import surge & we could see growth in future Qs

lugubriouslarry.bsky.social•1 day ago

📌

sciencevinman.bsky.social•1 day ago

I bought my new iPhone in January so it wouldn’t be counted as being part of the sales under traitor tRUMP.

tande432.bsky.social•1 day ago

That is trump and Elon mission to tank our economy...

ilikecoconuts.bsky.social•1 day ago

Could? It already is, bro.

saccosnephew.bsky.social•21 hours ago

zero consumer confidence, billions in tax cuts for the wealthy, no pocket change for working folks. Tariffs across the board (didn’t work in the 1920’s). And billionaires who hoard all the wealth and resources and fuck the worker at every turn suppressing wages. we’re fucked. Doesn’t take a genius

kate-1.bsky.social•1 day ago

Also: Get ready for the Fed to be muzzled by co-presidents Musk & Trump.

They are undoubtedly preparing a statement saying how stupid and what big liars the Atlanta Fed are and that they are currently exploring the directive for the DOJ to punish them.

dannyblanchy.bsky.social•1 day ago

Other fed banks’ forecasts are more positive but consumer confidence expectation collapse is consistent

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