Summary

Economists warn that the risk of a U.S. recession is rising due to Trump’s unpredictable tariff policies.

Wall Street stocks fell sharply Monday, with the S&P 500 down 2.4%. Trump refused to rule out a recession, instead claiming it’s a “period of transition.”

Goldman Sachs raised recession odds from 15% to 20%, and Morgan Stanley cut its 2025 GDP forecast. Consumer confidence hit a four-year low, and the U.S. trade deficit widened to a record $131 billion.

Analysts say Trump’s tariff policy is fueling uncertainty and economic instability.

  • @[email protected]
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    132 days ago

    My retirement accounts are down 17% since Trump took office. That’s worse than when Covid hit in 2020. We’re about to enter a world of pain aren’t we.

        • @[email protected]
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          15 hours ago

          gold has like tripled in price over the past few years though. That’s gonna come crashing down right?

          • @[email protected]
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            4 hours ago

            Also we were speaking in terms of currency you can hold in your hand. I’d MUCH (can not emphasize this enough) have gold and silver in hand in my firesafe than USD or BTC. It’s currency not stock. Cash is literally worthless, I don’t keep much at all.

          • @[email protected]
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            14 hours ago

            Well it’s a volatile asset, but over a lifetime it trends upward, just not as fast as stock. My question to you is, with the debt, with climate change, with AI, with fascism, how much do you trust currency and stocks over your lifetime?

            I’m considering PHYS and VDC as a hedge today when markets open.

      • @[email protected]
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        1 day ago

        In what currency though? Because Trump keeps signaling he’s going to crash the dollar out of sheer incompetence.

        • @cabron_offsets
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          21 day ago

          All currencies are fucked if the world’s reserve is fucked. Besides, I’m trading those dollars for equities.

      • @[email protected]
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        31 day ago

        I was going to drop a bunch of cash on a mortgage prepayment and renegotiate with that

        Now I’m going to let it ride.

        • @[email protected]
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          15 hours ago

          Stocks are ownership in assets. Much better than currency. Just make sure it’s a stable good.

        • @cabron_offsets
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          11 day ago

          Nah fuck that. I’m trading cash for equities. Slowly.