Global growth concerns have shot back onto the radar of financial markets as weakening U.S. economic data and growing trade tensions hurt consumer confidence and business activity.
Although recession is not the base-case scenario for economists, given underlying U.S. resilience, recent data has unnerved investors and U.S. President Donald Trump’s new 25% tariffs on Mexico and Canada are exacerbating growth concerns.
Oil prices are at their lowest since October , stocks from New York to Tokyo are retreating from recent multi-year highs and two-year U.S. Treasury yields are at their lowest since October as bond investors see increased chances of near-term rate cuts.
“One thing is essential for an economy and that’s confidence, which has taken a hit,” said Francois Savary, chief investment officer at Genvil Wealth Management, referring to weakening U.S. consumer and business sentiment.
I read somewhere that before the election, economists were predicting that whoever won, would inherit a great economy.
It’s amazing that he is fucking that up
“a great economy” for the top 10% being supported by a massive underclass.
An American tradition to be sure. Slaves to Jim Crow to immigrants, but now most are that underclass.
And they’ll still call this a healthy economy, lol, as only those of capital means are human to the capitalists. Everyone else is livestock. Welcome to Panem.
https://www.marketplace.org/2025/02/24/higher-income-americans-drive-bigger-share-of-consumer-spending/
May the capital markets burn to the ground. At least climate change will do what we should have in a couple decades when it doesn’t matter anymore.
Never let business people near a functioning business or Republicans near a functioning government or economy.