We’re not even two months into this nightmare and markets are crashing, unemployment is rising, and some economists predict a recession, (‘like no one has seen before,’) is right around the corner, if not already here.
Consumer confidence and spending plumented in February, the bigliest monthly decline in nearly four years. And what about inflation? According to Wall Street analysts, The Fascist Felon’s (mis)administration’s barrage of tariffs on key U.S. trading partners and ongoing crackdown on immigration are likely to result in higher prices for American consumers and businesses.
Economists with Morgan Stanley Research said in a report on Friday that they expect inflation in 2025 to rise 2.5%, up from their previous forecast in December of 2.3%. Another key gauge that strips out volatile food and energy costs is now projected to reach 2.7%, up from 2.5% in the bank’s earlier forecast.
***”…What we’re doing is very big.” Yeah, crashing our economy like you did during your mishandling of the COVID-19 pandemic. Wash, Rinse, Repeat. MAGA!
Trump made the stock market a marker of success. Now he’s hedging as markets dip.
Trump has long touted the market’s success in office. Now, he’s taking a different view as stocks have tumbled, with the S&P 500 having its worst day since September.
On Monday, stocks sank further, erasing all of their gains since Trump’s election. The S&P 500 had its worst day since September, and shares of technology companies were among the hardest hit as the Nasdaq had its biggest one-day drop since 2022, wiping out $1 trillion in value.
“Everyone is calling it the — I don’t want to say this, it’s too braggadocious, but we’ll say it anyway — the Trump effect. It’s you. You’re the effect,” Trump said at a rally with supporters. “Since the election, the stock market has surged, and small-business optimism has soared a record 41 points to a 39-year high. Bitcoin has shattered one record high after another.”
Stocks open lower Tuesday as 2025 sell-off continues
The latest warning sign came from the airline industry, which said it was seeing softer consumer demand.
Markets opened slightly lower Tuesday as a major sell-off prompted by fears of a slowing economy rolled on.
The S&P 500, a broad index of stocks, was down as much as 0.3%. Year to date, the index is down about 5%, and has given up all the gains it had accrued after Donald Trump’s electoral victory in November.
The Dow Jones Industrial Average was off about 150 points, or 0.4%. The tech-heavy Nasdaq was down 0.2%.
GOP-led Congress races to avert government shutdown ahead of Friday deadline
Speaker Mike Johnson is eyeing a Tuesday vote in the House for a stopgap funding bill, but the path to passage in both chambers of Congress remains murky.
he path to avert a government shutdown at the end of the week remains murky in the Republican-controlled Congress.
Speaker Mike Johnson, R-La., is eyeing a House vote Tuesday on a six-month funding extension that was crafted on a partisan basis. His strategy is to rely on only Republican votes to pass it in the House and dare Democrats to oppose it.
If it passes the House, where a simple majority is needed, the legislation will require 60 votes in the Senate, meaning at least seven Democrats would need to back it to break a filibuster.
