#Recession

2026-02-06

Is America Great Yet?

#uspol #recession

TheStreet
Layoffs in January reach recession-era levels
US Companies Announce Most January Job Cuts Since 2009

Closed Caption: That is the highest January total since 2009.

Image shows Bloomberg anchor Michael McKee.

BREAKING NEWS
MICHAEL MCKEE, BLOOMBERG NEWS
CHALLENGER JAN. US JOB CUTS 108K
2026-02-06

@Sage7225 Fully agree with you — we’ve also written articles about the recession. Join us and we’ll work together.
#recession👋

Sage 🇵🇸 🇸🇩 🇻🇪 🇺🇦 🇨🇺 🇵🇷 🍉Sage7225@mas.to
2026-02-06

Recession 2 is upcoming. Make sure to save whatever money you have. Do not spend on things you do not need especially electronics and video games.
truthout.org/articles/layoffs-

#recession2
#recession
#frugal
#greatdepression
#fuckbillionaires
#punishbillionaires

2026-02-06

Authored by Cavallo & two colleagues, it finds that “#US #consumers were bearing roughly 43% of the tariff-induced border cost after 7 months, with the remainder absorbed mostly by US firms.” Cavallo said by email that import prices hadn’t fallen much, “which suggests foreign exporters did not reduce their pre-tariff prices enough to shoulder a large share of the burden.″

#delusional #Trump #economy #tariffs #inflation #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies

2026-02-06

CLAIM: “The data shows that the burden, or ‘incidence,’ of the #tariffs has fallen overwhelmingly on foreign producers & middlemen, including large corporations that are not from the #US. According to a recent study by the Harvard Business School, these groups are paying at least 80% of tariff costs.”

THE FACTS: The study #Trump cited appears to conclude the opposite of what Trump claimed.

#delusional #economy #inflation #CostOfLiving #affordability #recession #FactCheck #TrumpLies

2026-02-06

Alberto Cavallo, an economist at Harvard & the author of a study on the impact of #tariffs [stupidly] cited by #Trump in his op-ed, has found that Trump’s tariffs have boosted overall #inflation by roughly three-quarters of a percentage point.

#delusional #economy #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies

2026-02-06

The impact of the #Trump #tariffs can be more clearly seen in core goods prices, which also exclude food & energy. Before the pandemic, core goods costs typically barely rose — or even fell — each year, but last December they were 1.4% higher than a year earlier. That was the largest increase, outside the pandemic, since 2011.

#delusional #economy #inflation #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies

2026-02-06

Annual core #inflation for the final six months of 2025 is higher at 2.6%. That is down from January 2025’s level but about where it was in October 2024. Overall, inflation has leveled off this year, & was 3% in September before the [orchestrated] government #shutdown, the same as it had been in January 2025.

#Trump #delusional #economy #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies

2026-02-06

#Trump’s figure for annual #inflation in the past 3 months — which excludes the volatile #food & #energy prices — is low, but reflects data distorted by the [orchestrated] government #shutdown in Oct & Nov, which disrupted the government’s #data collection & forced the agency that compiles the figures to plug in rough estimates in some categories that artificially lowered overall inflation.

#delusional #economy #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies

2026-02-06

CLAIM: “Annual core inflation for the past 3 months has dropped to just 1.4% — far lower than almost anyone, other than me, had predicted.”

THE FACTS: #Trump is using cherry-picked data to vastly exaggerate where #inflation stands.

#delusional #economy #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies

2026-02-06

#Trump also likes point to solid gains in the #US #StockMarket. He noted that #stocks hit new highs 52 times in 2025. It’s true that the US stock market did well last year. But it underperformed many foreign stock markets. The benchmark S&P 500 index climbed 17% — a nice gain but short of a 71% surge in South Korea, 29% in Hong Kong, 26% in Japan, 22% in Germany & 21% in the UK.

#delusional #economy #inflation #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies

2026-02-06

In 2024, the last year of the #Biden presidency, American GDP grew 2.8%, adjusted for #inflation, faster than any wealthy country in the world except Spain. It also expanded at a healthy rate from 2021 through 2023. All while recovering from the pandemic that began under & was made incredibly worse by #Trump.

#delusional #economy #inflation #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies

2026-02-06

Here’s a look at the facts around Trump’s assessment of tariffs∶

CLAIM: “Just over one year ago, we were a ‘DEAD’ country. Now, we are the ‘HOTTEST’ country anywhere in the world!’”

THE FACTS: This is a standard statement from #Trump. But the #US #economy was hardly “dead” when Trump returned to office last year. And in Trump’s second term, it’s performed strongly — after getting off to a bumpy start.

#delusional #inflation #CostOfLiving #recession #trumpcession #FactCheck #TrumpLies

2026-02-05

This is EXACTLY what you voted for, Utah! To kill small and medium businesses. Hope you like the results of electing a criminal/felon abomination to the highest office.

ksl.com/article/51443393/river

According to Rindlisbacher, tariffs have impacted his business on multiple fronts, including rising manufacturing costs in Asia, where he said as much as 85% of musical instruments are produced.

"A product that was costing us, you know, $200 yesterday, if we want to order it next week, could be $300 or $400," he explained.

He also said the tariff bill for importing musical instruments has been hefty, particularly with containers of pianos.

"A tariff that used to cost me $4,000 or $5,000 could now be $40,000," Rindlisbacher said. "I just can't amortize that cost over the units that are inside of the container and have any chance of making money."
2026-02-04

"As Software Stocks Slump, Investors Debate AI's Existential Threat"

"Investors were assessing on Wednesday whether a selloff in global software stocks this week had gone too far, as they weighed if businesses could survive an existential threat posed by AI.

The answer: It's unclear and will lead to volatility"

ALSO on the #AI disaster front:

Nvidia's $100 billion investment in AI has gone walkies.

m.slashdot.org/story/452146

#pop #boom #collapse #depression #recession #jobless #coup #trump

Client Info

Server: https://mastodon.social
Version: 2025.07
Repository: https://github.com/cyevgeniy/lmst