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Moody's Chief Economist: U.S. on 'precipice of Recession'
Moody's Analytics chief economist Mark Zandi said the U.S. economy is "on the precipice of recession," citing indicators from last week's economic data releases.
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Joined 2007/07/05Visited 2025/08/08
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Moody's Chief Economist Mark Zandi said recent data suggests the country is headed for challenging times.[image or embed] -- Newsweek (@newsweek.com) Aug 5, 2025 at 9:42 AM
Moody's Chief Economist Mark Zandi said recent data suggests the country is headed for challenging times.[image or embed]
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PEDO DONNIE is a complete failure
#1 | Posted by LegallyYourDead at 2025-08-05 11:10 AM | Reply
Not once Donald J Fail gets another Fox couch tumor to head up the BLS. Then hiring will be up ELEVENTY BILLION JOBS in August.
Thanks to Donald J Fail and his drug price cuts I went to the pharmacy and paid $100 for my prescription and they handed me back $1500 thanks to his 1500% price cut.
That ------- blathering yamsack has no clue how math works and he RAPED CHILDREN with his wingman Epstein.
#2 | Posted by Nixon at 2025-08-05 11:28 AM | Reply
Don't worry, after they fire a few more statisticians there won't be any metric to declare a recession so, therefore, recessions won't happen!
#3 | Posted by jpw at 2025-08-05 11:31 AM | Reply | Newsworthy 1
Have the GOP/MAGAts tried firing 150,000 middle class federal workers in the last six months to give tax cuts to billionaires?
Well, I'm all out of ideas.
#4 | Posted by censored at 2025-08-05 11:31 AM | Reply | Funny: 1
Their numbers are boolsheet. ~ Donald "They Don't Call Me The Modern Prometheus For Nothing" Trump
#5 | Posted by Doc_Sarvis at 2025-08-05 12:52 PM | Reply
I'm running out of ideas about how to say, "THANKS, TRUMPERS!"
Of course, if any of our rwinger show up on the thread, it will be to tell us how much more they know about the economy than Moody's.
#6 | Posted by Corky at 2025-08-05 08:45 PM | Reply
... Moody's Analytics chief economist Mark Zandi said the U.S. economy is "on the precipice of recession," ...
Yeah, he is just one of many, oh so many, chief economists at financial firms.
Is he being overly dramatic?
Maybe. The word "precipice" implies a deep decline. imo, it is too early to call that. One month's bad data is not enough.
Other economists are more sanguine in their projections. Saying things along the lines of ~possible slowdown.~
Time will tell.
#7 | Posted by LampLighter at 2025-08-05 08:55 PM | Reply
One month's bad data is not enough.
You can be assured bad data is a thing of the past. Future economic numbers will be so good they will be difficult to believe.
#8 | Posted by REDIAL at 2025-08-05 09:08 PM | Reply
@#8 ... Future economic numbers will be so good ...
... and if they are not good, then the person reporting them may be fired.
#9 | Posted by LampLighter at 2025-08-05 09:16 PM | Reply
if they are not good, then the person reporting them may be fired.
That message has been sent, loud and clear. Numbers will be good. Real good. Too good to believe good.
#10 | Posted by REDIAL at 2025-08-05 09:51 PM | Reply
@#10 ... That message has been sent, loud and clear. ...
Yup.
"When someone is President of the United States, the authority is total, and that is the way it has to be. It's total. It's total." -- Pres Trump, Apr. 13, 2020
#11 | Posted by LampLighter at 2025-08-05 11:00 PM | Reply
#8 | Posted by REDIAL
They'll proclaim, with the exuberance of North Korean state TV readers, how wonderfully amazing things are, while everyone in the country will know it's total propaganda.
#12 | Posted by AMERICANUNITY at 2025-08-06 12:55 AM | Reply | Newsworthy 1
@#12 ... the exuberance of North Korean state TV readers ...
I've seen them when I watch NHK news here.
Based upon what I have seen, your comment is not an exaggeration.
And CBS seems to have started to slow walk to such capitulation.
CBS, the home of Walter Cronkite.
Walter Cronkite en.wikipedia.org
... Walter Leland Cronkite Jr. (November 4, 1916 " July 17, 2009) was an American broadcast journalist who served as anchorman for the CBS Evening News[1] from 1962 to 1981. During the 1960s and 1970s, he was often cited as "the most trusted man in America" after being so named in an opinion poll.[2][3][4] ...
During the 1960s and 1970s, he was often cited as "the most trusted man in America" after being so named in an opinion poll.[2][3][4] ...
And now CBS seems to have dumped that honored history for more added money going to its wealthy owners.
#13 | Posted by LampLighter at 2025-08-06 01:24 AM | Reply | Newsworthy 1
The jaws of stagflation are wide open.k
x.com
Nice going, Krasnov Fats.
#14 | Posted by reinheitsgebot at 2025-08-06 04:05 AM | Reply | Newsworthy 1
When we enter a reccesion Trump is simply going to say that it's not.
#15 | Posted by Zed at 2025-08-06 08:34 AM | Reply
Biden's Fault(TM)
#16 | Posted by snoofy at 2025-08-06 05:14 PM | Reply
Trump was so mad at the stock market today that he tried to fire somebody else! But then he found out Dow Jones wasn't the name of a guy hired by Barack HUSSEIN Obama.
#17 | Posted by cbob at 2025-08-07 01:58 PM | Reply
@#15 ... When we enter a reccesion Trump is simply going to say that it's not. ...
Agreed.
We recently have seen what happens when a non-partisan professional leads the publishing the numbers Pres Trump does not like.
What other officials would now be willing to publish numbers that Pres Trump does not like?
#18 | Posted by LampLighter at 2025-08-07 02:17 PM | Reply
Summers Says Trump Policies Are 'Scarily' Like Argentina's Peron www.msn.com
... Former Treasury Secretary Lawrence Summers warned that President Donald Trump's policies risk putting the US on a similar path to that of postwar Argentina, which descended from being a relatively advanced developed nation into an economic laggard. "Argentina went completely off track because of decisions made in a few years by an elected -- through a democracy -- leader who pursued autocracy rather than venerating democracy," Summers said on Bloomberg Television's Wall Street Week with David Westin. "And that should be a cautionary tale for everyone in the business community and everyone involved in our political process." The late Juan Pern founded a populist movement in 1946 at a time when Argentina was grouped by some observers with the likes of Canada, Australia and New Zealand as a sophisticated economy with abundant natural resources. Peronism championed import substitution and high tariffs in an effort to stoke Argentina's domestic industry. Trade protectionism was "the key policy" leading to its economic downfall, according to a 2023 assessment published by the think tank OMFIF. "Over time, as the nationalism took hold, as economic success became more and more about who is friends with the government -- and less and less about who was really good at producing products and competing with foreigners -- Argentina's economic performance became calamitous," said Summers, a Harvard University professor and paid contributor to Bloomberg TV. "It's a model that, if you think about it, is scarily reminiscent of what we are doing right now." ...
"Argentina went completely off track because of decisions made in a few years by an elected -- through a democracy -- leader who pursued autocracy rather than venerating democracy," Summers said on Bloomberg Television's Wall Street Week with David Westin. "And that should be a cautionary tale for everyone in the business community and everyone involved in our political process."
The late Juan Pern founded a populist movement in 1946 at a time when Argentina was grouped by some observers with the likes of Canada, Australia and New Zealand as a sophisticated economy with abundant natural resources.
Peronism championed import substitution and high tariffs in an effort to stoke Argentina's domestic industry. Trade protectionism was "the key policy" leading to its economic downfall, according to a 2023 assessment published by the think tank OMFIF.
"Over time, as the nationalism took hold, as economic success became more and more about who is friends with the government -- and less and less about who was really good at producing products and competing with foreigners -- Argentina's economic performance became calamitous," said Summers, a Harvard University professor and paid contributor to Bloomberg TV. "It's a model that, if you think about it, is scarily reminiscent of what we are doing right now." ...
#19 | Posted by LampLighter at 2025-08-07 02:34 PM | Reply
#15 | Posted by Zed at 2025-08-06 08:34 AM | Reply | Flag:
Gee, I wonder where he'd get an idea like that? Oh that's right, Biden did it for at least a year.
#20 | Posted by lfthndthrds at 2025-08-07 08:13 PM | Reply
Gee, I wonder where he'd get an idea like that? Oh that's right, Biden did it for at least a year. #20 | Posted by lfthndthrds
Trump is supposed to be better than Biden, but here you're saying Trump is just copying Biden.
So that's bad.
But you're not mad at Trump for doing something bad. You're mad at Biden, for what Trump is doing!
And that's because you have Daddy Issues.
#21 | Posted by snoofy at 2025-08-07 11:56 PM | Reply
@#20 ... Biden did it for at least a year. ...
Got a link?
thx.
#22 | Posted by LampLighter at 2025-08-08 12:06 AM | Reply
This idiot wants a link lmao
#23 | Posted by lfthndthrds at 2025-08-08 01:34 PM | Reply
Gee, I wonder where he'd get an idea like that?
#20 | Posted by lfthndthrds
You keep banging your head against the Scum Barrier.
The simple truth is that Trump is incompetent scum.
Regardless of what anyone in the universe has ever done or not done.
Release the full EPSTEIN FILES.
It may be yet possible to make you go away by way of an overdose of truth.
Which is what happened to SCOTTS,
#24 | Posted by Zed at 2025-08-08 01:49 PM | Reply | Funny: 1
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