#economics
These are public posts tagged with #economics. You can interact with them if you have an account anywhere in the fediverse.
Currently:
S&P500 futures are down 1.8%
Dow futures are down 1.7%
Nasdaq 100 futures are down 2.3%
JPMorgan, $JPM, Jamie Dimon says tariffs will raise prices, slow growth
"Trump’s tariffs won’t reverse the US farming deficit, but food inflation will rise and American farmers will suffer," per Bloomberg
BREAKING: Trump just said
There is no inflation and Jerome Powell and the US Fed should cut rates
SEC declares fully-reserved, liquid, dollar-backed crypto stablecoins are not securities, per CryptoSlate.
Goldman Sachs, $GS, is now raising its 12-month US recession probability to 45% from 35%
BREAKING: Jim Cramer has said: Now is not a time to panic.
Jaguar and Land Rover cars is temporarily pausing shipments to the US due tariffs, per Reuters
Trump: We're on track to fully eliminate capital gains tax in 2025
JUST IN: Thailand stock exchange temporarily bans short selling.
JUST IN: Hong Kong's stock market closes down 13.2%, the biggest one-day drop since 1997.
Trade halted at Pakistan stock exchange
S&P500 futures down 20% from all time high.
The movement of manufacturing from 'western' countries to those in South East Asia did not begin in 2001 with China joining the WTO.
It was happening in the 80's. In my own little area the manufacture of PCs and certainly laptops, notebooks and mobile devices swung away from the USA and Europe almost entirely.
This was well before the EU or any of the other trade blocs. It was hard to move product around but it was done.
It won't end with little Trump.
BREAKING:
German stocks down 10%
French stocks down 6.5%
UK stocks down 6%
Taiwan is also offering 0 tariffs to the US in response to Trump’s tariffs.
Read more: https://t.co/XB9rSTsa7P
Taiwanese President Lai Ching-te on Sunday proposed…
Unusual Whales - News