• Burninator05@lemmy.world
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        3 months ago

        In 2017 Trump started with an economy that was doing ok after 8 years of Obama. In 2025 Trump started with an economy that was shaky at best.

        • groupofcrows@lemmy.ca
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          3 months ago

          Months before the 2024 election Trump tried to take credit for the strong economy by saying investors were looking forward to a Trump presidency. Now he IS president and blaming Biden policies for ruining his economy. So Trump did not see the economy he inherited as being shaky.

  • Buffalox@lemmy.world
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    3 months ago

    You ain’t seen nothing yet.
    Just wait until February. Then the bottom will really fall out of the job market.
    And if the current policies are continued, it will continue to get worse YOY.
    Foreign investments are declining, and the dollar is weak, so inflation and job losses will continue.
    I think that’s what they call stagflation. A combination of the worst of an overheated economy and an economy in recession.
    Enjoy the things that are free, you may need to “consume” more of those things in the future.

      • Buffalox@lemmy.world
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        3 months ago

        Because both January and February are traditionally slow months, but next year will be worse than normal. My guess is that there will be a lot of firing, in part because many businesses will be slow, and second because they can’t afford to hold people on for things to look up in in March/spring, and third because many probably will be skeptical that things will look up enough to keep people on anyway.

        But all in all it’s mostly a gut feeling from 30 years in business, and although I am not American, I know business in USA is harsher regarding these things than what is normal in Europe.

  • N0t_5ure@lemmy.world
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    3 months ago

    Trump is teeing up economic collapse. Our budget deficit is 6%, well over double economic growth, and unsustainable. Our national debt is massive, and a significant chunk comes due in 2026 and will have to be rolled over into new bonds, which will undoubtedly be seeking a higher interest rate to compensate for the fiscal risk caused by the out of control budget. Add in the fact that Jerome Powell’s term as fed chair in up in May, and you can rest assured that Trump will appoint a lackey, it becomes clear that reckless monetary policy to juice the economy will be in play. There is a reason that gold is in the midst of the biggest bull market of all time, and it will go absolutely bonkers in 2026.

  • Formfiller@lemmy.world
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    3 months ago

    Nobody can afford to live while working. Now hardly anyone will be working, our safety nets have been dismantled, healthcare is an obstructive shareholder grift and it’s illegal to be homeless welcome to the tech bro feudal system. Your lords are not “geniuses” they’re mentally ill malignant narcissistic hoarders

  • blattrules@lemmy.world
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    3 months ago

    When was the Trump economy ever moving to begin with? Seems to me that he slammed the brakes on the already slow Biden economy and has been driving in reverse since then.

    • Buffalox@lemmy.world
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      3 months ago

      I think it’s stalling the same way a plane would if it’s not moving and loses air lift. So next to come is crashing.

  • Treczoks@lemmy.world
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    3 months ago

    Trump is like manmade COVID for the US economy.

    Sadly, the “normal” way to distract from failure at home is starting some random war.

  • billbasher@lemmy.world
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    3 months ago

    Yeah Trump voters voted for this whether they wanted to or not. They said put a corrupt president in office “he’ll be good”. If you voted for him you voted for corruption and facism and I do not like you