Saturday, March 01, 2025

Fed Predicts Trump Recession

The Atlanta Federal Reserve is projecting a contraction of the nation's gross domestic product (GDP) of 1.5 percent in the first quarter, flashing a warning sign for the U.S. economy. The projection is a significant shift for the Atlanta Fed over the last few weeks that comes a little more than a month after President Trump took office. The Atlanta Fed last week was predicting 2.3 percent positive growth for the first quarter. A month ago, it was registering 3.9 percent growth.

Posted by reinheitsgebot at 07:51 AM | 8 COMMENTS | permalink

Comments

But consumer spending, which accounts for more than two-thirds of demand, declined 0.2% in January, the Commerce Department reported Friday, instead of rising as economists expected. It was the largest monthly drop in four years."

"Meanwhile, the Conference Board's consumer confidence index posted its largest monthly decline in February since 2021, and consumer expectations of inflation have risen. An index of global economic policy uncertainty based partly on news articles and economic forecasts has topped its pandemic-era record."

politicalwire.com

The bankruptcy-prone orange pedo built that.

#1 | Posted by reinheitsgebot at 2025-03-01 07:54 AM

Concentrating even more wealth in a handful of billionaires, laying off thousands of employees, inflation rising, consumer spending dropping.

Yep...its coming.

Ruining an economy in 30 days has got to a record.

Congratulations to the bankruptcy prone pedo.

#2 | Posted by Nixon at 2025-03-01 08:16 AM

Ruining an economy in 30 days has got to a record.

Operation Warp Speed.

#3 | Posted by reinheitsgebot at 2025-03-01 08:37 AM

There's no satisfaction rubbing such things in the noses of such MAGA who come here.

If they have any intelligence at all they know what's going on.

They're evil sumbitches.

We can only hope that they'll die first and give the rest of us some chance to rebuild.

#4 | Posted by Zed at 2025-03-01 08:50 AM

Any magats want to guess how long it will take Krasnov to eclipse the 15% u/e rate he racked up during his first disastrous term.

#5 | Posted by reinheitsgebot at 2025-03-01 09:36 AM

Thanks, Trumpers!

#6 | Posted by Corky at 2025-03-01 11:05 AM

I told you so you magat -----

#7 | Posted by truthhurts at 2025-03-01 11:15 AM

An "end to the devastating inflation crisis", tariffs and big cuts to taxes, regulation and the size of government are all on the agenda. This combination, he says, will ignite an economic boom and revive withering faith in the American dream. "We're at the beginning of a great, beautiful golden age of business," he pledged from the podium at Mar-a-Lago.
Promises made, promises not kept. Another 10 days and we get to see if he's going to kill daylight saving time like he said he would. LOL. Not.

#8 | Posted by REDIAL at 2025-03-01 11:19 AM

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