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Trump economic adviser insists no chance of recession this year: ‘100% not’
NY Post ^ | 04/14/2025 | Diana Glebova

Posted on 04/14/2025 7:45:00 AM PDT by ChicagoConservative27

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I like Hassett. Very smart man.
1 posted on 04/14/2025 7:45:00 AM PDT by ChicagoConservative27
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To: ChicagoConservative27

This has the DemonRAT chimpanzees’ heads exploding. Their “media” is going to have to upgrade their lies and defense of all of the foreigners fighting the American people.


2 posted on 04/14/2025 7:47:13 AM PDT by FlingWingFlyer (The DemonRATS! The Party of Murderers, Assassins and Baby Killers. )
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To: ChicagoConservative27

“100%”. That’s the kiss of death, right there.


3 posted on 04/14/2025 7:56:07 AM PDT by GrumpyOldGuy
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To: ChicagoConservative27

Hopefully he’s not selling snake oil.


4 posted on 04/14/2025 7:59:16 AM PDT by joesbucks
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To: joesbucks

He’s selling happy-talk; that’s his schtick.


5 posted on 04/14/2025 8:00:55 AM PDT by Migraine
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To: ChicagoConservative27

I’m resigned to whatever happens because once Trump leaves the political scene no elected Democrat or Republican president following him is going to have the guts to do what he is attempting to try and correct the decades of financial havoc caused by globalization and the corruption in DC. I’m afraid Trump is just a temporary band-aid for the inevitable destruction of the American economy.


6 posted on 04/14/2025 8:09:41 AM PDT by dowcaet
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To: ChicagoConservative27

I am pretty sure that the last senior White House staff person to have any credibility in such statements was Alfred Kahn, back in 1978. Having been prohibited from talking about a “recession” because the Carter administration honchos required happy talk, Kahn announced that the U.S. was having or was about to have a “banana.” And he stuck with that terminology to drive the point home.


7 posted on 04/14/2025 8:16:30 AM PDT by sphinx
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To: ChicagoConservative27

Well, given that the Left had to “redefine” what a recession is, yet never did... all they said was that consecutive quarters of negative growth is no longer the standard... we need to see at least THREE quarters of negative growth, and Pres Trump has not had a single quarter go by yet! lol


8 posted on 04/14/2025 8:18:27 AM PDT by Teacher317
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To: ChicagoConservative27

I would be hard pressed to believe that their will be a recession this year. Perhaps if there ends up being a TRUE trade war... or China decided to demand all its currently held US bonds be paid.. that could have a major impact, as the government would be forced into borrowing money at higher rates to liquidate the held debt...

Short of that however, every indicator I have seen shows the economy is FINALLY working again after 4 years of barely moving.


9 posted on 04/14/2025 8:19:38 AM PDT by HamiltonJay
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To: GrumpyOldGuy
true dat.
Not to be a Debbie Downer, but the Jamie Diamond and Goldman Sachs both have stated there is over a 50% chance of a recession by the end of the year. GS did revise that after the most recent tariff exclusions.

Plus Walmart, Target and Amazon all stated that the only reason year over year same store spending increased was due to an increase in store brand(generic)items. That discretionary spending was down. The stock market is predicting a recession. That is WHY it has been correcting since December. I don't know why everyone is surprised. It is just part of the normal cycle.

10 posted on 04/14/2025 8:19:54 AM PDT by woodbutcher1963
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To: GrumpyOldGuy

Air Vice-Marshal Sir Arthur Coningham: I promise you one thing, General. You will see no more German planes.


11 posted on 04/14/2025 8:20:07 AM PDT by RckyRaCoCo (Time to throw them out of the Temple...again)
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To: ChicagoConservative27

Tariff War=Recession

He must know what some of us already know.

This tariff bs is just a game.

Declare victory, and move on.


12 posted on 04/14/2025 8:27:41 AM PDT by period end of story (Unvaxxed for my protection.)
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To: ChicagoConservative27

No one is “smart enough” to know what the markets are going to do over the next nine months, because no one can predict with any certainty, the many possible geoplitical or ecnonomic-change events that could affect markets in the next nine months. The one thing that is certain about the markets is that their future states are not certain.


13 posted on 04/14/2025 8:27:42 AM PDT by Wuli
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To: ChicagoConservative27

Whatg do you mean? We’re already in a recession!


14 posted on 04/14/2025 8:28:32 AM PDT by ducttape45 (Jeremiah 17:9, "The heart is deceitful above all things, and desperately wicked: who can know it?")
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To: Wuli

I just say that despite ups and downs, over a certain period of
years the market generally increases.

Try to buy on the low, and sell at a relative high.


15 posted on 04/14/2025 8:30:58 AM PDT by period end of story (Unvaxxed for my protection.)
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To: ducttape45

The jobs report beat expectations by 40%.


16 posted on 04/14/2025 8:44:44 AM PDT by dynoman (Objectivity is the essence of intelligence. - Marilyn vos Savant)
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To: ChicagoConservative27

Until the Bubbas that “call” it and decided two straight negative quarters did not make a Biden recession will decide they don’t NEED two quarter to call a Trump recession. Bank.


17 posted on 04/14/2025 8:46:11 AM PDT by 3RIVRS
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To: ChicagoConservative27

OK, but get the tax and regulatory reform enacted ASAP. The only thing more important— ban the vote cheating.


18 posted on 04/14/2025 8:52:02 AM PDT by Socon-Econ (adi)
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To: All

Since government spending is part of the GDP measure and it is clear there will be no cuts to it in either the House or Senate bills, it will be hard to have a decline in GDP (definition of recession).


19 posted on 04/14/2025 8:59:50 AM PDT by Owen
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To: woodbutcher1963

You know what is not part of the normal cycle?

$37Trillion in debt.


20 posted on 04/14/2025 9:01:57 AM PDT by Owen
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