this post was submitted on 04 Apr 2025
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"The president single-handedly wiped out Americans' retirement savings overnight and subjected businesses to intense whiplash with his increasingly erratic and chaotic policies that continue to drive consumer and business uncertainty."

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[–] ThisGuyGetsIt@feddit.uk 8 points 15 hours ago

The Kennedy's made their fortune shorting the US economy during the Great depression.

Everything Trump has done has been calculated. I'd be willing to bet my left testicle that his gambling most of his fortune on heavily leverages shorts. He's trying to create the greatest possible depression because that will make him the most amount of money.

He knows exactly when he will cut his bullshit so he will settle his short right before making the announcement. Then with all the money he essentially stole from the population he will then buy up large chunks of the economy (and so will his buddies).

Once capital is even more heavily controlled by the upper classes the only recourse left will be violent revolution. All speculation. But that's what I would be doing if I was trump trying to install a true autocracy.

[–] buddascrayon@lemmy.world 46 points 1 day ago (1 children)

All we need now is a massive man made natural disaster to strike to make it another great depression. Luckily there isn't any terrible climate related issue that's on the verge of causing a catastrophe or anything.

[–] Zoboomafoo@slrpnk.net 23 points 1 day ago (1 children)

That, and good thing there isn't a new pandemic brewing in birds and livestock.

[–] SoftestSapphic@lemmy.world 14 points 1 day ago (1 children)

Thank god 80% of the bees we use to pollinate all our food didn't die this last month...

[–] ReiRose@lemmy.world 11 points 1 day ago (1 children)

At least we don't have a measles outbreak and an anti-vaxxer in charge

[–] nfamwap@feddit.uk 3 points 23 hours ago

We should consider ourselves lucky there isn't a genocide happening in the middle east with US backing.

[–] Uranus_Hz@lemm.ee 27 points 1 day ago (3 children)

60% chance of recession, 40% chance of a depression. “The Greatest Depression”

[–] GG@kbin.earth 6 points 1 day ago (1 children)

Tremendous, really. Like nothing ever seen before.

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[–] ansiz@lemmy.world 73 points 2 days ago (24 children)

Even if Trump removes every tariff a recession is almost certainly coming. Short to longer term planning, hiring, building, etc will certainly slow down and that kind of things is widespread. People lose jobs, people don't get hired, people choose not to start a business or invest money in the USA, etc.

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So repubs are alientating themselves from their traditional business base too. That leaves what? Nut jobs in rvs covered in trump signs?

[–] CharlesDarwin@lemmy.world 12 points 1 day ago

I'd love to see donvict, fElon, Lutnick, Thiel, Vance and especially Navarro forced to live in poverty for a while.

[–] disguy_ovahea@lemmy.world 143 points 2 days ago (10 children)

The Federal Reserve now projects -3.7% GDP growth in Q1 2025. The 2008 recession was -2.6%, and covid was -2.2, for comparison.

[–] MisterFrog@lemmy.world 1 points 29 minutes ago

Lol, if it's gonna happen, can it really get underway in the next 3 weeks?

The Australian Labor party could ride its credentials from the previous recession, which we basically came out of unscathed, into another term of government. Anything to avoid the Libs (the conservatives, confusingly for everyone else outside Australia).

Might be a bit of a stretch though, since we won't be able to sell as much raw materials to China as we did back then.

Anything to keep the Libs out of power, pls.

It's crazy that people thought Trump's plans were a good idea. Or that they still do, even now.

[–] obvs@lemmy.world 3 points 1 day ago (1 children)

They predict -3.7% if yesterday was somehow the end of it, but we know it's not.

-3.7% would be a dream compared to what's actually likely.

[–] disguy_ovahea@lemmy.world 2 points 23 hours ago

Q1 runs from 1/1 - 3/31. Q2 will be worse if he doesn’t repeal the tariffs.

[–] Waffle@infosec.pub 78 points 2 days ago (1 children)

That... Doesn't seem good if I'm being totally honest

[–] Bytemeister@lemmy.world 48 points 2 days ago* (last edited 1 day ago) (1 children)

Consider this too...Q1 ended on March 31st. They are predicting that drop before all this tariff shit got started.

Hell, Biden was president for 20 of the 90 days in that quarter.

So you're saying it's Bidens fault! /s

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[–] AtHeartEngineer@lemmy.world 42 points 2 days ago (1 children)

It's 100% they are just too scared to say that

[–] Aux@feddit.uk 23 points 2 days ago (3 children)

You can't say anything is 100% with a chaotic and erratic president. There's always a chance that Trump will undo everything next week and things will stabilise for a short while. That chance might be very low, but it effectively invalidates 100% prediction.

[–] paranoia@feddit.dk 15 points 1 day ago (1 children)

I'm afraid you're wrong here actually. Being arbitrary and mercurial means no one will risk investing in the US, as policies may be created or undone at any moment. The only way this goes away is simply that he goes away. The risk is what is creating the certainty here.

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[–] h_ramus@lemm.ee 114 points 2 days ago (7 children)

Not long until MAGAs call the stock market woke.

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[–] Ledericas@lemm.ee 31 points 2 days ago (2 children)

The blood is on gop hands and any billionaires backing him

[–] D_C@lemm.ee 10 points 1 day ago

And the people who voted for him. And the people that didn't vote.

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[–] SinningStromgald@lemmy.world 77 points 2 days ago (7 children)

Trump is gonna try his best to make the best depression ever.

[–] catloaf@lemm.ee 75 points 2 days ago (5 children)

He heard "great depression" and took it as a challenge

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[–] peoplebeproblems@midwest.social 44 points 2 days ago (15 children)

How was Thursday and Friday not a recession? I lost > 10% of my 401k in 2 days.

It took 4 years to get to where it was since I stopped contributing right after the 2020 panic. 4 years of happily let my money do what it should, BAM wiped out in 2 fucking days.

[–] RememberTheApollo_@lemmy.world 8 points 1 day ago (1 children)

I’ve Lost 15% since this shitshow of president started fucking with things.

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[–] longjohnjohnson@lemmy.ml 39 points 2 days ago* (last edited 2 days ago) (4 children)

10% so far unfortunately.

Recessions officially require a slowdown of an economy over a longer period of time. Usually the stock market has nothing to do with it, though it can be a canary in the coal mine for it.

A recession has more to do with unemployment rate rising, negative GDP growth and consumer spending indexes falling.

Essentially it's just a fancy way of saying the economy is slowing down in every category.

The stock market is a rich person's playground in this day and age mostly.

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[–] MyOpinion@lemm.ee 56 points 2 days ago (18 children)

When we are almost all living in shacks with nothing left MAGA will be telling us we are better off.

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