Trump is like manmade COVID for the US economy.
Sadly, the “normal” way to distract from failure at home is starting some random war.
Trump is worse than a pandemic
Is a “stall” better or worse than a “free fall nose dive into concrete”?
Stall is better. They didn’t use that description because they needed to save some words for when things gets really really bad.
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
Can you believe Biden fired all these people just to hurt trumps amazing numbers?!
So, since last time he was president?
Speed run this time though
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.
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.and the dollar is weak, so inflation and job losses will continue.
weaker dollar means there’s more jobs though, because while it’s more expensive for you to buy products abroad, it’s cheaper for foreigners to buy your products, so that stimulates exports, which stimulates production
I’m enjoying every free packet of ketchup I can still get. Some places are now starting to charge for cups of water or BBQ sauce packets.
Why February?
I predict the shit will hit the fan about March, give or take a month or so. High heating bills, skyrocketing insurance, and food prices coupled with a collapsing economy and loan defaults will drive the country into a deep depression. Not to mention the political shit-show that is deteriorating fast.
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.
I sadly laid off last December, when he was elected the writing was on the wall.
Yes, the warnings were pretty clear, project 2025 was well known.
How could Barack Biden do this??
O’Biden
The unemployment rate rose to 4.6% in November, up from 4.4% in September,
I wonder what it would be if this year’s ICE hires were excluded from the “employed” count.
ICE has 20k employees (source) so it’d be about 4.6% still.
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.
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.
a move backwards is still a move
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.
So, highest since Trump’s first term. Nice.
Unemployment spiked last time because of Covid. MAGA has nothing to blame this on, other than their own incompetent policies. But Kevin Besset goes on Meet the Press every week, and claims that everything is fine, the Dems are just lying.
Employment is a Democrat hoax.
He’s doing a state of the onion tm night…
state of the onion
The state of the onion is tasty!
Can’t wait for him to deploy his reality distortion field and for all his magites to eat it up.
yeah but stock market!! 1!! 1!1!! 1!1
