Posted on 03/29/2025 8:22:01 PM PDT by SeekAndFind
While the Trump administration is optimistic about the country's growth prospects—Commerce Secretary Howard Lutnick going so far as to say Americans should "absolutely not" prepare for a recession—economists are voicing gloomy forecasts.
Moody's Chief Economist Mark Zandi on Thursday compared the current levels of uncertainty to those seen during 9/11 and the 2008 financial crash, having previously said that he felt the country was being "pushed into a recession" by Donald Trump's tariff policies.
Optimism about the state of the economy, and one's personal finances, translate into consumer spending, estimated to account for over two-thirds of the nation's gross domestic product (GDP).
"A change in feelings about the economic backdrop is often a harbinger of things to come and precedes a downshift in consumer spending and business investment," according to Jeffrey Roach of LPL Financial.
The Conference Board's latest Consumer Confidence Index, arguably the most commonly consulted measure, saw a 7.2-point drop between February and March. This reading, which came in below expectations, marked the fourth consecutive month of declines and brought the index to its lowest level since January 2021, when the country was still grappling with the COVID pandemic.
The Expectations Index, which weighs consumers' forecasts for economic conditions in the short-term, tumbled to 65.2, the lowest reading in 12 years and below the 80-point threshold that the Conference Board said "usually signals a recession ahead."
Preliminary results for the University of Michigan's widely watched Consumer Sentiment Index also revealed a drastic decline...
(Excerpt) Read more at newsweek.com ...
We actually already had one...but Biden wasted a ton of money to mask it.
The other indicators are:
* Credit Card Late Payments and Default Rates
* Business Uncertainty Index
* Trade Policy Uncertainty Index
* Inflation Expectations
Trump -—> Main Street >> Wall Street.
The US will prosper in the long run.
Past time to Build Back Better.......
Zackly.
The rental neighborhood I live is going thru a huge upheaval after being bought out by Allstate Property Management. All rental prices are going up on average by $250 monthly, thereby pricing the units beyond the ability for anyone to afford.
As such, many are moving out. They say they are bringing the prices up to market level rates while ignoring the fact that people moved here because the prices were lower than market and that made them affordable. Now they won't be. People are pissed.
NOTE TO ANY POTENTIALLY GULLIBLE READERS: Consider carefully Newsweek’s potential motivation for writing this story. Newsweek and all Never-Trumpers would love to see a recession triggered.
Are you going to believe Newsweek/Never-Trumpers or your lying eyes?
I realize NewsWeek is by nature, anti-Trump. But is the article actually REASONABLE when it tells us to look at these indicators?
That’s the question to ask REGARDLESS of who the President is.
Maybe trump should too. Midterms are around the corner something forgotten around here. Hell lousiana told governor Landry to take a hike today when they told him no way on the four amendments he wanted passed.
So, everything on your list with the exception of Credit Card Late Payments and Default Rates cannot be measured objectively an yet you want us to believe there is a recession coming?
Why, given the source of this article and the the fact the 4 out of the 5 measurement criteria are simply aemotional perceptions that can be easily manipulated should we not believe this is just another attempt at lying and Propaganda?
Ahhh…. is YOUR alarm being raised? Mine isn’t.
In southern Pennsylvania gas prices are rising and retail egg prices aren’t falling.
Pretty soon a lot of voters are going to believe that they were baited and switched.
Trump has 2 years to fix what he can fix. That’s it.
RE: Ahhh…. is YOUR alarm being raised?
I always have a personal beacon when it comes to stocks regardless of WHO the Presidcent is.
When I’ve made enough profit on a stock I own ( e.g. 20% ), I usually put a trailing stop to trigger a sell when it comes below a certain price ( which is still profitable ).
When I’m watching a stock with good fundamentals that is falling in sympathy with the general market ( such as what we have today ), I put in a buy at a certain price.
Recently, there are more sells than buys.
In a Biden administration six months of downturn is not a recession. In a Trump administration 12 seconds that a liberal felt like it was maybe a downturn equals full blown depression.
Commiemedia is trying to talk down the economy.
Lump all the economists into one umbrella and everyone of them will predict a different outcome.
So in addition to your 4 points there is Consumer Confidence.
In less than 90 days into Trump’s administration which is being blocked by out of control judges, it is all Trump’s fault.
Amazing.
Communist BS propaganda!
KATB!
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