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boscothecat.bsky.social
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NBC News is tracking changes in the prices of eggs, bread, ground beef, chicken and other grocery items to monitor the impact on consumers’ food bills.

The U.S. economy contracted in the first three months of 2025, fueling recession fears at the start of President Donald Trump’s second term in office as he wages a potentially costly trade war. More: cnb.cx/3YoBUD9

Trump Trade Adviser Navarro: There's an extraordinary import surge, the world trying to sell to us.

Call it what it is: the Trump recession

US real GDP (adjusted for inflation) shrank -0.3% q/q annualized in 1Q25, down from +2.4% in 4Q24, its first quarterly decline since 1Q22. This was below consensus expectations of modest +0.3% growth.

Peter Navarro on CNBC reacts to the shrinking GDP number by insisting it's actually good news because if you strip out the effect of tariffs "you have 3 percent growth. So we really like where we're at now."

Day 19. 🇺🇸

"Tariffs are a great thing, just don't show them on your website to customers" is a flawless encapsulation of 2025 so far. No notes. 10/10. It's amazing how stupid these people think you are.

TOYOTA: “.. we are confident this collaboration can help bring our solutions to more people around the world, moving us one step closer to a zero-accident society.” $TM $GOOGL waymo.com/blog/2025/04...

Coca-Cola's stock has had a total return of 3,534% since Warren Buffett first invested in 1988.

What moves can you make to insure your financial assets in the case of the unthinkable worst case scenario? 👇 youtu.be/dSkQmQx-_XE

😂🤣😭

via Niall Ferguson open.substack.com/pub/niallfer...

How do you feel about having to pay taxes to a lawless dictatorship

Barry Ritholtz @ritholtz.bsky.social getting into the ins, outs, and what-have-yous of the three main tariff what-if scenarios is most welcome and worthy of consideration. ritholtz.com/2025/04/what...

"On crowded trades…'long gold' (49%) ends a 24-month streak for 'long Magnificent 7' (24%…1st time not the most crowded trade since Mar'23)." - BofA Fund Manager Survey

Smote it be.......

Sales tax collections tumble, taking moving average below the Line of Worry. Expectations were for much better tax collections. —Philippa Dunne & Doug Henwood, The Liscio Report www.tlranalytics.com/about/

AOC: When he talks about rapists and criminals, he should look in the mirror

Trump surrenders again.

This is the problem for American companies. There's no way to know how to plan ahead because things keep randomly changing

JPMorgan Chase CEO Jamie Dimon said Wednesday he sees the U.S. economy likely headed to recession as President Donald Trump’s tariffs roil financial markets.

Delta just pulled their full year earnings guidance due to trade war uncertainty among their customers. Each quarter, 43% of S&P 500 companies give guidance. I think pulled forecasts are the next shoe to drop for the stock market. I explain here: www.youtube.com/watch?v=4Jio...

Remember- China has a lot of options for retaliation beyond tariffs. That’s why experts are nervously watching the Treasury markets, where yields are going up sharply. A meltdown there could be extremely bad for the US. As of December, China owned $759 billion in Treasuries.

Markets are going to assume we’re in a recession. What we don’t know is whether it’s a recession kind of like March/April 2020 that comes and goes once there’s a reversal in these policies or more of a classic recession that goes on for quarters.

China slaps retaliatory tariffs of 84% on U.S. goods in response to Trump