Frankly, it's pretty fucking bleak if you have any intelligence at all. And because of the 30 day bullwhips it absolutely will only get worse before it gets better. We'll be in a recession by the end of June it seems. And the question is if we'll be in a depression by August.
Very clear discussion of the recent, but not current, data, GEM. As you note, reporting-lags might mean that current data is worse.
Apropos of Strength in *Numbers*, I hope we continue to get reliable quantitative economic reports. I wonder whether the BEA will soon be filled with Maga-conomists who cook the data to please Trump or shut down BEA altogether. There will continue to be reliable NGO sources even if BEA is destroyed, but it will be more challenging to figure out what's going on.
Eliott, I would not fib about such an important issue! :-) I just keep thinking about that 1.5% plurality and seeing so many stories where egg prices were given as the rationale for bringing Trump back.
it looks like MAGA - Morons are Governing America.
It was completely avoidable and it is the result of Trump shooting us all in the foot with stupid, unnecessary tariffs, ruinous instability and uncertainty, blatant corruption, and soon enough a budget busting tax cut.
Any bets on how long the Biden economy will be controlling things?
Thank you for your reporting. Somehow it makes me feel less panicked in spite of knowing the train is going to hit.
Thanks for a report even I can understand! The urgent points were so clear.
Thanks for the feedback Sharon!
The Apollo Management Group posted a bevy of charts on various economic indicators a couple of days ago.
https://www.apolloacademy.com/how-are-us-consumers-and-firms-responding-to-tariffs/
Frankly, it's pretty fucking bleak if you have any intelligence at all. And because of the 30 day bullwhips it absolutely will only get worse before it gets better. We'll be in a recession by the end of June it seems. And the question is if we'll be in a depression by August.
"Things will get worse before they get better." I am hoping we don't get stuck in the "worse" area!
Amen. Things will change, but how long that will take is an unknown. If we don’t submit, the Tyrant can’t operate.
Very clear discussion of the recent, but not current, data, GEM. As you note, reporting-lags might mean that current data is worse.
Apropos of Strength in *Numbers*, I hope we continue to get reliable quantitative economic reports. I wonder whether the BEA will soon be filled with Maga-conomists who cook the data to please Trump or shut down BEA altogether. There will continue to be reliable NGO sources even if BEA is destroyed, but it will be more challenging to figure out what's going on.
Anyway, KUTGW.
"...might mean that current data ARE worse..." (Éditorial berated me, so I fixed it.(
At least Trump has made eggs so cheap that the stores are giving them away as loss leaders! :-)
Is that so? (If so, brb...)
Eliott, I would not fib about such an important issue! :-) I just keep thinking about that 1.5% plurality and seeing so many stories where egg prices were given as the rationale for bringing Trump back.
Most of them anyway. There are two trump eggs that are held captive by putin
"What a "Trump recession" could look like"
it looks like MAGA - Morons are Governing America.
It was completely avoidable and it is the result of Trump shooting us all in the foot with stupid, unnecessary tariffs, ruinous instability and uncertainty, blatant corruption, and soon enough a budget busting tax cut.
FUCK every single one of his voters.
You can add to that people who could not bestir themselves to vote for Harris or who voted third party as a "protest."
Here’s hoping even they will realize the abuse and come around. But sadly, I can’t wait for them, so must move on.
They're in, don't worry.