Economic News

  • Thread starter Thread starter nycfan
  • Start date Start date
  • Replies: 2K
  • Views: 126K
  • Politics 


Just a brief wobble for now that is already receding but also indicative of how fragile confidence is in the market … some shred of good news, however suspect, could send it in the opposite direction.
 
ugly close for the stock market...

Are markets starting to see the adverse impact of the Trump tax aka tariffs ?

Are the markets anticipating the adverse impact of Trump's big beautiful tax bill which will add trillions to the national debt with no benefit for working and middle class families ?
 
heelinhell said:
ugly close for the stock market...

Are markets starting to see the adverse impact of the Trump tax aka tariffs ?

Are the markets anticipating the adverse impact of Trump's big beautiful tax bill which will add trillions to the national debt with no benefit for working and middle class families ?
Click to expand...
I don't think there's any logic to the markets right now. It's literally a bunch of chickens running around the barnyard right after their heads were chopped off. Up or down is a roll of the dice because nobody knows what to do.
 
Killing businesses
Hampering the world economy
Shutting down markets
Shrinking GDP
Massively growing the deficit
Hurting ratings on US Treasuries

Tell me again how this reflects conservative values.

Immigration? Trump’s policies here are also terrible for the economy.
 
At a conference this week. Chief economist for the AIA presented. Housing outlook is not good. Residential architectural billings which typically are the leading indicator for construction (effects show up in residential before commercial), fell off a cliff this quarter.

Recession prediction up from 25% to 45%, which actually seems low.
 
bassydude77 said:
At a conference this week. Chief economist for the AIA presented. Housing outlook is not good. Residential architectural billings which typically are the leading indicator for construction (effects show up in residential before commercial), fell off a cliff this quarter.

Recession prediction up from 25% to 45%, which actually seems low.
Click to expand...
Well that sucks for the construction industry
 
fortune.com

U.S. economy is experiencing 'death by a thousand cuts', says Deutsche Bank

Deutsche Bank's Jim Reid says Moody's recent debt downgrade continues a drip of bad fiscal news for the American economic outlook.
fortune.com fortune.com
America’s national debt, which currently stands at more than $36.2 trillion, is increasingly rising on economists’ agendas. Their fear is that as the nation’s debt burden increases, alongside the interest payments to service the debt, the economy will not grow fast enough to sustain the spending.

Such fears were reflected in a Moody’s downgrade of U.S. credit last week from Aaa to Aa1. Moody’s justified: “While we recognize the US’ significant economic and financial strengths, we believe these no longer fully counterbalance the decline in fiscal metrics.”

The downgrade is yet another thorn in the side of America’s fiscal health, despite protestations from Treasury Secretary Scott Bessent that the market should take little heed of Moody’s news.

As Deutsche Bank’s Jim Reid put it in a note seen by Fortune this morning: “Yesterday felt like we were somewhere along the line of a ‘death by a thousand cuts’ with regards to the U.S. fiscal situation. Hard to know where in that thousand we are but probably much nearer a thousand than at zero even as yesterday saw an initial sell-off reverse as the session went on.

“At the end of the day the loss of the final U.S. triple-A rating late on Friday night doesn’t change anything much immediately but it keeps the drip, drip, drip of poor fiscal news building up against the debt sustainability dam in the background.”
 
You must log in or register to reply here.
Back
Top