'Even the rich are worried': Experts warn of 'scariest' signs amid 'stagflation' fears
'Even the rich are worried': Experts warn of 'scariest' signs amid 'stagflation' fears
Warning signs are flashing red in a week where troubling economic news has turned unmistakably grim. Consumers should brace for a surge in terms like “inflation,” “stagflation,” “Trumpflation,” and “recession” dominating the headlines.Reports are now showing consumer confidence has plummeted to its ...
Summary
Experts are sounding alarms over rising economic distress as consumer confidence hits a 12-year low, stock markets slide, and fears of stagflation mount.
Triggered in part by Trump’s tariff expansions set for April 2, inflation expectations are climbing, GDP projections are falling, and unemployment is expected to rise.
Analysts warn that even wealthy Americans are losing optimism, with spending likely to decline.
Economist Alan Blinder called Trump’s policies as "recession roulette," predicting a potential “Trumpcession.” Bank of America now sees stagflation—low growth and high prices—as the most probable outcome for 2025.
What's crazy is it's entirely self inflicted. We could be coasting on the gains made during Bidens presidency right now and actively fighting inequality. Instead we're heading into a crisis where things are only likely to get worse.
If they don't want bad outcomes, they should stop promoting people who are campaigning on bad outcomes.
I've been ... ummm ... stocking up on tp.