🌎 Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues IV

[blueharvest]

 

[squeekness]

I have no problem blaming him for this.

 

[MagnarTheGreat]

U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate

The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate.

apnews.com

 

[blueharvest]

 

[blueharvest]

Trump voters confident he will turn the economy around, new poll says

Donald Trump was convicted of felony charges related to falsifying business records earlier this year

www.independent.co.uk

 

[blueharvest]

 

[squeekness]

He's not wrong!

 

[blueharvest]

 

[squeekness]

They're going to be crying when they have no savings left after. Next four years will be rough.

 

[blueharvest]

An analyst looks ahead to how the US economy might fare under Trump

President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally

abcnews.go.com

 

[blueharvest]

 

[squeekness]

Buyers remorse won't save them. They voted for this.

 

[MagnarTheGreat]

US consumer confidence drops unexpectedly to near-recession levels ahead of Trump's 2nd term

The Conference Board's Expectations Index dropped to a five-month low in December, nearing a threshold that typically signals a recession ahead.

www.businessinsider.com

The probability of a US recession in 2025 is 0%, according to a top economist. Here's what to worry about instead.

Perhaps the biggest risk to the stock market in 2025, Torsten Sløk says, is that a rebound in inflation will spark the Fed to raise interest rates.

www.businessinsider.com

 

[squeekness]

US consumer confidence drops unexpectedly to near-recession levels ahead of Trump's 2nd term

The Conference Board's Expectations Index dropped to a five-month low in December, nearing a threshold that typically signals a recession ahead.

www.businessinsider.com

The probability of a US recession in 2025 is 0%, according to a top economist. Here's what to worry about instead.

Perhaps the biggest risk to the stock market in 2025, Torsten Sløk says, is that a rebound in inflation will spark the Fed to raise interest rates.

www.businessinsider.com

How can there NOT be a rise in inflation when Trump's tariffs take affect? Lots of things will jump up in price.

 

[blueharvest]

US unemployment applications hold steady; continuing claims hit 3-year high

The number of Americans applying for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years

abcnews.go.com

 

[blueharvest]

 

[blueharvest]

 

[blueharvest]

Janet Yellen tells Congress US could hit debt limit in mid-January

Treasury Secretary Janet Yellen says her agency will need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, as early as January 14th, in a letter sent to congressional leaders Friday afternoon.

apnews.com

 

[blueharvest]

 

[squeekness]

I do believe there will be a reckoning, yes.

 

[blueharvest]

 

[blueharvest]

 

[blueharvest]

How to Survive Trump’s Mass Deportation Plans

An immigration lawyer’s guide to triaging the coming emergency

newrepublic.com

 

[squeekness]

 

[blueharvest]