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'There Will Be Blood': JPMorgan Hikes Odds of Trump-Triggered Recession to 60%.
(www.commondreams.org)
this post was submitted on 04 Apr 2025
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How was Thursday and Friday not a recession? I lost > 10% of my 401k in 2 days.
It took 4 years to get to where it was since I stopped contributing right after the 2020 panic. 4 years of happily let my money do what it should, BAM wiped out in 2 fucking days.
10% so far unfortunately.
Recessions officially require a slowdown of an economy over a longer period of time. Usually the stock market has nothing to do with it, though it can be a canary in the coal mine for it.
A recession has more to do with unemployment rate rising, negative GDP growth and consumer spending indexes falling.
Essentially it's just a fancy way of saying the economy is slowing down in every category.
The stock market is a rich person's playground in this day and age mostly.
Unfortunately, if they do poorly, THAT definitely "trickles down".
it's not an exact measure, but the rule of thumb for a recession is 2 quarters of negative growth
there is 7 quarters remaining. Dumpf will bring the greatest depression in american history and if reserve currency moves away from dollar, there will be wars. Thucydides trap is here and better be prepared.
I wonder why they waited until just after the first quarter. Hmmmmm...