"America is spinning quickly in the direction of Hungarian populism, Hungarian politics, and Hungarian justice. But that means Hungarian stagnation, Hungarian corruption, and Hungarian poverty lie in our future too."
#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites #Orbán #Hungary
/12
"In fact, annual average inflation in 2023 was more than 17 percent. In 2024, the government predicted 4 percent growth; the reality was 0.6 percent. Anyone who contradicts this messaging is unlikely to be widely heard."
#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites #Orbán #Hungary
/11
"MAGA conservatives love Viktor Orbán. But he’s left his country corrupt, stagnant, and impoverished. ...
'Please trust us,' Orbán declared in his annual state-of-the-nation speech in early 2023. “You can bet on it: By the end of the year, we will have inflation in single digits'.”
~ Anne Applebaum
#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites #Orbán #Hungary
/10
"'The president has got a heck of a lot of analysis before him, and he's gonna make the right choice, I'm sure.'
The National Economic Council is the primary group the president uses to develop domestic and international economic policy, so the fact that Hassett appears to have no idea what’s coming is concerning."
#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites
/9
"On the Fox News Channel this morning, Director of the National Economic Council Kevin Hassett said: 'President Trump has a long run vision of a golden age of America and we’re working really, really hard to get it out there in time. But I can't give you any forward-looking guidance on what's gonna happen this week.'"
~ Heather Cox Richardson
#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites
/8
"The collapse is coming—and as [Canadian MP] Charlie [Angus] warned, it’s going to hit Americans first. Higher prices. Job losses. Isolation."
#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites
/7
"Trump is a geopolitical Ponzi schemer, running a fraud on the American people and weakening our standing in the world. But he’s not just hurting Americans. He’s also making our allies reconsider everything, from intelligence-sharing to military procurement."
#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites
/6
~ Ben Meiselas
https://www.meidasplus.com/p/canadian-mp-charlie-angus-on-why
"Where are we headed? A recent survey of corporate chief financial officers finds 60 percent of them agreeing that we’re headed for a recession this year. Is anyone surprised? This is what Republicans do. They screw up the economy. Later down the line, Democrats get elected and have to fix everything."
~ Michael Tomasky
#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites
/5
https://newrepublic.com/article/193360/trump-tank-economy-liberation-tariffs
"The Dow Jones suffered its worst day in weeks on Friday. … Goldman Sachs yesterday upgraded their U.S. recession risk to 35 percent … and Japan’s Nikkei index fell 4 percent during early trading this morning."
~ Simon Rosenberg
#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #Dow #TaxCuts #EconomicElites
/3
https://www.hopiumchronicles.com/p/today-is-a-do-day-mad-donalds-tariffs
"European and Asian markets tumbled Monday morning and now that the markets are open in New York, it’s a day in Trump’s America, so best not look at your 401K.
And now Canada has officially broken up with us."
~ Marcie Jones
#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites
/2
https://www.wonkette.com/p/dear-leaders-liberation-day-of-your
"The stock market is melting down. Stocks fell sharply today as traders nervously looked ahead to Trump’s tariff plans.
The S&P 500, the broadest market index, hit its lowest level since September."
~ Robert Reich
#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites
/1
"Yesterday I shared the Atlanta Fed’s GDPNow estimate of 1st quarter GDP falling almost 6 points in the last two months due to Trump’s reckless economic policies. Well shortly after publishing yesterday the estimate was updated, and it dropped another full point. This important measure that US financial markets pay close attention to has now dropped almost 7 points under Trump!"
~ Simon Rosenberg
#Trump #inflation #recession #economy #tariffs #TaxCuts #StockMarket
/8
https://www.hopiumchronicles.com/p/trumps-madness-is-tanking-the-economy
"Stocks ended the week with steep losses after new federal data showed prices rising faster than expected, reigniting inflation fears on Wall Street.
The Dow Jones Industrial Average lost more than 715 points on the day, falling 1.7 percent. The Nasdaq composite lost 2.7 percent and the S&P 500 index fell 2 percent."
~ Sylvan Lane
#Trump #inflation #recession #economy #tariffs #TaxCuts #StockMarket #Dow
/7
https://thehill.com/business/5219986-stocks-slide-federal-data-inflation/
"On Tuesday, news dropped that the administration’s blanket firings and wildly shifting tariff policies have dropped consumer confidence to a low it has not hit since January 2021. Today’s stock market tumble started after the Commerce Department released data showing that consumer prices are rising faster than economists expected."
#Trump #inflation #recession #economy #tariffs #TaxCuts #StockMarket #Dow
/6
“'Another wipeout walloped Wall Street Friday,' Stan Choe of the Associated Press wrote today. The S&P 500 had one of its worst days in two years, dropping 2%. The Dow Jones Industrial Average fell 715 points, losing 1.7% of its value. The Nasdaq Composite fell 2.7%."
~ Heather Cox Richardson
#Trump #inflation #recession #economy #tariffs #TaxCuts #StockMarket #Dow
/5
"U.S. consumer confidence continued its sharp 2025 decline as Americans’ views about their financial futures slumped to a 12-year low, driven by rising anxiety over tariffs and inflation."
~ Matt Ott
#Trump #inflation #recession #economy #tariffs #TaxCuts #StockMarket #Dow
/4
https://apnews.com/article/consumer-confidence-economy-inflation-bd6ece8784efff205e2ab922bcb86958
"President Donald Trump's foolish and chaotic economic policy is paralyzing the economy and causing consumer sentiment to plummet—ratcheting up the odds that the United States descends into a full-blown recession, experts said Friday."
~ Emily Singer
#Trump #inflation #recession #economy #tariffs #TaxCuts #StockMarket #Dow
/3
"Barely more than two months into Trump’s second term, economic experts are issuing warnings.
'This is one of the scariest charts I’ve seen in awhile,' declared The Washington Post’s economic columnist Heather Long, pointing to a chart showing the 'Expected Change in Financial Situation in a Year.'”
#Trump #inflation #recession #economy #tariffs #TaxCuts #StockMarket #Dow
/2
"Reports are now showing consumer confidence has plummeted to its lowest level in 12 years, the markets are currently tanking, analysts have downgraded predictions for stocks, core inflation is rising, GDP projections have been sliced in half or are now negative, unemployment is expected to increase, and some major corporations are projecting sales decreases."
~ David Badash
#Trump #inflation #recession #economy #tariffs #TaxCuts #StockMarket #Dow
/1
