A global recession is on the horizon - please read OP for mod warning

It is a big If. It is a wait and see game. I don’t think Americans will like the inflation coming their way.

As a programmer for 40 years, I seriously hope your company does not produce any critical software

It’s a tax on US consumers

The cost to US companies (as reflected in their stock prices falling through the floor) is in the shape of them not having any certainty in how they operate in a world where their business environment changes day to day, and maybe even consumer boycotts like Tesla

If Trump just came out and said there be an X % tarrifs on everyone the markets would just have shrugged, but instead we have incredible uncertainty, uncertainty leads to pause in investment and employment (seeing both already) these lead to potentially a self perpetuating doom loop into a US recession

There is a thread on Reddit where a diabetic lady from Atlanta is complaining that her insurance won’t cover Ozempic (made in Denmark) or the similar one made by Lilly in Ireland, to self fund outside insurance it would cost her $2000 per month, same drug here is about 140euro

I used to be sympathetic to Americans but it’s hard to be any more these days, they dug themselves into a hole which contains a den of leopards who love munching on faces

A month later Europe keeps turning out as the winner

We should hammer home that Europe is the place to be for stability, rule of law, democracy, innovation and stable investments

While Trump tries to turn US into Gilead from Handmaidens Tale we can all win bigly

https://www.wsj.com/finance/currencies/most-asian-currencies-consolidate-ahead-of-u-s-employment-data-fed-chairs-speech-1810b721

0755 GMT – The euro is proving the surprise beneficiary in the aftermath of U.S. President Trump’s announcement of sweeping trade tariffs late on Wednesday as investors pull out of risky assets and out of the dollar, ING analyst Chris Turner says in a note. The “alternative liquidity offered by the euro” as investors pull out of the dollar is the likely reason behind the euro’s gains. This is despite a potentially substantial hit to the eurozone economy from the tariffs.

oh please you really want to discuss the prices of eggs in US which is even higher than under Biden now?

Average 401k investment portfolio in US lost $8000 yesterday, they have to save themselves for retirement as there is no social safety net

That’s about 16 years of 2eggs per day consumption per person at todays Walmart price

a week earlier the auto tarrifs added on average $6500 per every car in US, more on the cheapest trucks made in Canada and Mexico, that’s 14 years of egg consumption

The Americans are being urinated upon by Trump and his cabinet of billionaires and they just open their mouths wider praying for the great trickle down to intensify

All while hundreds of thousands lose jobs in government and now private companies starting off mass layoffs as we seen with Stellantis yesterday

Unemployment, deep recession and no social safety net and now tarrifs is gonna make em really happy now

Can you tell us how exactly Trumps nonsense which you clearly support will

• lower price of eggs
• Increase employment
• Reduce inflation
• Reduce cost of living and things like medicines

I’m listening

Lol thought so completely clueless

you do realise that the main supplier of oil, gas and lumber into US is Canada and these imports will now be tarrifed? And that’s before Canada retaliates

You are looking at prices before tarriffs

I predict, yours being a new account you will next state “not to worry US can import all that from Russia tariff free”

Unemployment has been at historical lows in the US in recent years.

The current situation is significantly increasing the chance of a US recession (which was unthinkable last year) and also the possibility of global recessions. A recession is bad for employment.

For reference the US grew 2.8% in 2024

53% chance of US recession up +34% since Trump walked into the whitehouse

I am struggling to see how a recession would help the “common” man either with employment or prices

We went from single digit probability under Biden and a booming economy with highest employment ever and sustained wage increases especially on the lower end… to this clown show

And the best defence Trump supporters can come up with is “people are disgruntled, and you are out of touch”

Yeh where have we heard that one before? Oh that’s right, Brexit

So what you are trying to say

Disgruntled voters want to stick it to the rich, by electing a clown who is a billionaire and picks a cabinet made of billionaires

And then cheer while they burn down the economy around them and cost them their own employment, health and retirement/savings and the prospects for their own kids

Yeh there’s a word for that, see my username

Like I said it’s Brexit all over again, I need a Brexit bingo card

We at the stage where Trump sympathisers tell us that “the people have spoken, and they want to be poorer”