Stock market sell-off: Is a US recession ahead? – DW – 03/11/2025
www.dw.com
When Donald Trump was reelected in November, many investors declared the so-called Trump Trade would spur US stocks to new highs. But markets are now spooked by fears the world's largest economy is close to recession.
  • MakingWork@lemmy.ca
    1·
    1 day ago

    I’ve been seeing articles about a recession hitting for the last 5 years. They will predict a recession till they are correct.

  • magic_lobster_party@fedia.io
    1·
    1 day ago

    Anyone with more than two functioning brain cells between their ears knows that whatever Trump is doing is harming the American economy.

  • sowitzer@lemm.eeEnglish
    1·
    1 day ago

    Trump just needs an executive order saying stock prices can’t go down. Problem solved. But since the rich get richer in downturns, I’m sure he will be told not to.

  • disguy_ovahea@lemmy.world
    1·
    1 day ago

    10 of the last 11 recessions happened under Republican presidents. Recessions are more effective at widening wealth inequality than even the most aggressive tax plan changes. The longer the recession, the higher the damage goes into the middle class, as privately owned businesses begin to fold and get scooped up by corporations.