Share.

    42 Kommentare

    1. code_archeologist on

      ruh-roh, that does not bode well for this week’s second quarter GDP report.

    2. DoubtSubstantial5440 on

      As a consumer the only thing I’m confident about is me going on a very long sojourn overseas come September, fuck this country

    3. If this trend continues we will see a 2% contraction by the end of the year. For reference, the 08 collapse saw a 4% contraction, and the 2020 pandemic saw a 3.5% contraction.

    4. Face2FaceRecs on

      You mean the numbers reported weren’t accurate, shocking.

      This is 100% the result of Trump’s economic policies. If they continue the economy is going to tank.

    5. ThatEvanFowler on

      No shit. Businesses are shuttering left and right. Between the tariffs raising costs beyond what anyone can absorb and the sudden, violent removal of vast swaths of the available labor, what did they expect to happen?

    6. Salty_Wedding3845 on

      I guess pissing off almost every country in world (except for daddy Vlad obv) with tarrifs and scaring off tourists wasn’t a great idea huh? International relations must be as difficult as solving the Ukraine conflict on day one, who knew? (Everyone knew, except Taco Don the moron)

    7. Oh no… But so many voters were sure Trump would be better for the economy. He’s a businessman, after all! I can’t believe voters got this one wrong, how unfortunate. 

    8. hillbillyspellingbee on

      Anyone who works in manufacturing knows this. 

      I lost my job back in April because of the tariffs. It was no shock because business just about halted the moment Trump took office. 

      We’re coming up on 6 months. By October, I think it’s only going to look worse. 

    9. We’re just going to revise the decline to 250% of what we previously reported; nothing to see here.

    10. Boltzmann_head on

      From ANIMAL FARM

      On Sunday mornings Squealer, holding down a long strip of paper with his trotter, would read out to them lists of figures proving that the production of every class of foodstuff had increased by two hundred per cent, three hundred per cent, or five hundred per cent, as the case might be. The animals saw no reason to disbelieve him, especially as they could no longer remember very clearly what conditions had been like before the Rebellion. All the same, there were days when they felt that they would sooner have had less figures and more food.

    11. reddittorbrigade on

      Kamala Harris was right, Trump will lead us into recession after 6 months in office.

    12. Republicans keep fcking up the economy yet Americans keep voting for them, lol.

    13. ApolloRubySky on

      Of course tariffs will do that, the unpredictability of the administration, refusing to pay out government contracts, firing thousands and thousands of fed workers, yes all of that lol.

    14. The working class didn’t need to wait months for numbers. We felt it immediately since the oligarchs were jacking prices up immediately as soon as the news hit.

    15. I don’t watch much cable news, but I do appreciate the balls CNN is showing by writing this article. If you question Donakd or his economy, he’s prone to fits of rage.

      Questioning the GDP numbers days after the Iran thing, CNN is practically trolling him at this point and I’m here for it!

    16. Choice_Cup_3624 on

      Trump and his smaga cult are destroying the economy Biden built:

      > The latest estimate showed that consumer spending — the lifeblood of the US economy — was tepid in the beginning of the year. Spending in the first quarter grew at a rate of just 0.5%, down from 1.2% in an earlier estimate. **That’s the weakest rate in more than four years.**

    17. The economy has definitely shrunk this quarter too. I work in development in a metro area that is growing and holy shit are things slow right now.

    18. Unusual_Specialist on

      Half of my neighbors have been out of work for over a year, and they still can’t find jobs. Between outsourcing, AI replacing workers, businesses shutting down or being sold off, constant layoffs, and overall economic uncertainty — it’s a storm of instability. From where I’m standing, there’s nothing ‘strong’ about this economy.

    19. broad_street_bully on

      At this point, I’m honestly astounded that any potential watchdog/news report with negative numbers isn’t getting stamped out before it hits the airwaves.

      I don’t want to be a conspiracy theorist, but we have a proven narcissistic liar running the show and getting into everyone’s business at every opportunity. It’s pretty hard to take anything touched by this administration at face value.

    20. -Mage-Knight- on

      You mean attacking all our trading partners and rounding up workers like cattle was bad for business?

    21. I mean, yeah, this shouldn’t be a surprise to anyone paying even a little bit of attention. While consumer confidence expectations are around 60, up from low 50’s in April and May, anything under 80 is a historically an important potential recession indicator, not a guarantee though.

    22. I don’t understand why the wealthy support Trump still… they legit lose money. I don’t get it

    23. Mr_Laheys_Drinkypoo on

      Well yes, that’s what happens when you have the King of Bankruptcies at the helm

    24. It’s only going to get worse.

      Shipments from China are rolling in and they’re getting slapped with an additional 35% tariff. Not only that, increased shipping costs due to high demand.

      I just don’t see how we’re not going to end up in a fairly major recession.

    25. Otherwise-Product-60 on

      Hammer the tourism industry by making tourists too scared to visit, put insane and unpredictable tariffs on everything, alienate your largest trading partners so much that they start looking elsewhere, eliminate a a huge swath of the agricultural workforce, attack the Federal government by cutting jobs with a chainsaw, cut or eliminate all research and grants … and this isn’t even a complete list.

      I am telling you the economy has been set up to hit a brick wall with no airbags. We are just at the beginning of the collision, and the people in back can’t see it yet. 

    26. And we can’t lower interest rates because ol’ Donnie’s tariffs are keeping inflation up

    27. BadenBadenGinsburg on

      Well, I can say —and obvs this is entirely anecdotal — is that for this first quarter in our shop, it’s not $500 pieces of art selling, it’s not $300 pieces of art, it’s not even $45 handmade purses, it’s $4 stickers, $2 Sanrio blind box things, and the damned $1 gumball machine with cute little animals in the capsules. And since January it’s continued to decline.

      Poor people and people of moderate means are seeing virtually everything go up, and people with 401k’s and other investments have seen their investments hammered — so *they* feel poor now, too.

      We don’t sell a single necessary item in the store. Just art and funny stuff and Goth stuff. People are buying tomatoes, not discretionary items. We’ll probably end up closing, as will the other galleries in our small art town.

    28. I-WishIKnew on

      I hope people realize now that not a single thing related to this regime can be trusted in any way! Every single agency is lying with their numbers, but I guess when you had doge go in and mess with everything, what can you expect

    Leave A Reply