this post was submitted on 31 Mar 2025
461 points (98.7% liked)

News

36354 readers
2780 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source. Clickbait titles may be removed.


Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.


7. No duplicate posts.


If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners or news aggregators.


All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS
 

KEY POINTS

  • Goldman Sachs expects aggressive duties from the White House to raise inflation and unemployment and drag economic growth to a near-standstill.
  • In a note Sunday, the firm said “we continue to believe the risk from April 2 tariffs is greater than many market participants have previously assumed.”
  • The firm raised its forecast for inflation this year to 3.5%, cut its GDP outlook to just 1% and raised its unemployment view to 4.5%.
top 50 comments
sorted by: hot top controversial new old
[–] MummifiedClient5000@feddit.dk 86 points 11 months ago (6 children)

Please call it The Trumpcession.

[–] formulaBonk@lemm.ee 33 points 11 months ago

I guess we could just call bankrupting anything from now on “going in the orange”. You know when you’re so far in the red your only choice is to turn into a fascist and begin killing immigrants you’re probably in the orange

[–] redsand@lemmy.dbzer0.com 11 points 11 months ago

The Republican Depression or Trump Depression. The Republican dust bowl also.

[–] tacobellhop@midwest.social 7 points 11 months ago (1 children)

I already coined it The Great Repression

[–] HowAbt2morrow@futurology.today 4 points 11 months ago (1 children)

And if it goes beyond a recession, we can call it a Trumpression.

[–] normalexit@lemmy.world 4 points 11 months ago

I'm trumpressed

[–] danc4498@lemmy.world 4 points 11 months ago (1 children)

Trump’s gonna call it a fire sale. Him and his buddies will just get more powerful.

load more comments (1 replies)
[–] Wiz@midwest.social 3 points 11 months ago

The Trump Slump!

[–] foggy@lemmy.world 67 points 11 months ago (2 children)

Economists do not usually speak in black and white terms like this.

Our economy is in for a bloodletting.

[–] ShadowRam@fedia.io 24 points 11 months ago (1 children)

Make people desperate,

They'll more likely go to war.

[–] pennomi@lemmy.world 12 points 11 months ago (3 children)

They might go to war against the leaders within the country instead. Trump is really playing with fire here, messing with the gun-toting constituents of his.

[–] notsoshaihulud@lemmy.world 6 points 11 months ago (2 children)

nah, they don't even know which direction to point those boomboom sticks, but probably Biden

load more comments (2 replies)
[–] phoenixz@lemmy.ca 5 points 11 months ago

Nah, just say that Hussein Obama did it or something stupid like that, say it's open season on the treacherous libs and they'll happily make another Kristallnacht because that is how stupid they are. They'll follow Cheeto straight into hell and then he'll abandon them there and they'll still blame Obama because please do not expect these people to have a shred of dignity to say "I was wrong"

[–] jmcs@discuss.tchncs.de 3 points 11 months ago (1 children)

Revolutions need organization. Organization needs third spaces were people can meet, discuss, and organize. Most of the US has basically no third spaces outside of churches, and this is very much by design.

[–] mutual_ayed@sh.itjust.works 4 points 11 months ago

You're currently posting to a third space

[–] mutual_ayed@sh.itjust.works 12 points 11 months ago

Crash the economy and stock prices. Create a forever war for profiteering. Stick dissidents and the poor into for profit prisons. Consolidate more wealth at the top. The system is working as designed.

[–] MyOpinion@lemm.ee 47 points 11 months ago (1 children)

It is almost like our glorious leader is an idiot.

[–] 1984@lemmy.today 28 points 11 months ago (1 children)

Or he wants to destroy America. Then he is brilliant.

[–] D_C@lemm.ee 6 points 11 months ago

You are both correct.
tRUMP is clearly, clearly an idiot. However his glorious leader, putin, must be considered brilliant to do what he's done.
He's completely evil, etc, but he can die happy knowing of the damage he's done to the USA (and other countries) will be felt for decades.

I hate them both with a passion, but you've got to give credit where it is due.

(He's also damaged Russia for decades to come)

[–] ShellMonkey@lemmy.socdojo.com 31 points 11 months ago

Glad to know that GS is catching up with every other financial advisor and most of the logical everyday people who understand that making things more expensive tends to make people's financial situation worse.

[–] dhork@lemmy.world 27 points 11 months ago (1 children)

I bet before the end of the day we'll hear about how Goldman Sachs, of all places, is full of RADICAL LIBERALS and has gone WOKE!

[–] Dragonstaff@leminal.space 6 points 11 months ago (1 children)

We jumped the shark when they called the FBI "woke leftists" however many years ago that was.

[–] Auntievenim@lemmy.world 6 points 11 months ago (1 children)
[–] Dragonstaff@leminal.space 3 points 11 months ago

I'm really talking about the Mara Lago raid in 2023.

[–] CharlesDarwin@lemmy.world 17 points 11 months ago (1 children)

This is entirely a self-own by donvict and his stupid sycophants. He was handed an economy that had so many great indicators and within mere weeks, was able to fuck it up.

Heckuva job, donnie.

[–] KbSez@piefed.social 9 points 11 months ago (2 children)

So why aren't the big players on Wall Street raising hell over this?

[–] dhork@lemmy.world 12 points 11 months ago

They have lots of liquidity and are willing to take the hit to buy more at lower prices.

[–] Ledericas@lemm.ee 2 points 11 months ago

they're are vultures, hoping to buy low and sell high.

[–] Buffalox@lemmy.world 8 points 11 months ago (2 children)

Trump is trying to harm the economy of all the allies of USA, because reasons.
The strategy is to commit economic suicide, to prove the dependency on USA.

The plan is flawless if you don't give a shit about anything, except creating attention for yourself.

[–] Hylactor@sopuli.xyz 8 points 11 months ago

More and more I feel like he's just trying to get us embroiled in something that provides cover for him to ratchet into the next slot of dictator. If he can get a real crisis on his hands he's plausibly cleared for all sorts of seemingly desperate measures. Such as third terms, and criminalization of "sentiments" ("doesn't like me" turns into "supports the enemy", opposition turns into enemy, temporary emergency actions turn into permanent dictatorship).

[–] Dragonstaff@leminal.space 2 points 11 months ago

The plan is flawless if you don't give a shit about anything, except creating wealth and power for yourself.

[–] AnUnusualRelic@lemmy.world 8 points 11 months ago (1 children)

And that's without taking into account the crashes to come when there will be a correction after all the shady stuff done by the financial sector when there no longer is any agency capable of supervising them. That will likely have planetary repercussions,.

[–] Jhex@lemmy.world 2 points 11 months ago

or the persistent international distrust Trump has carved towards the USA for decades to come

[–] pleasegoaway@lemm.ee 8 points 11 months ago

The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.

All is going according to plan.

[–] prole@lemmy.blahaj.zone 7 points 11 months ago

No fucking shit

[–] werefreeatlast@lemmy.world 6 points 11 months ago (1 children)

Even now we could stop doing idiotic things and we might recover in a few years? But if we continue, we'll run out of every single company's rainy day fund. At that point in the not too distant future we'll start seeing one no-name company go belly up. Then a few days later two, then the next day ten, then 200. Finally we'll be in a deepest recession ever. People will be jumping out of buildings.

[–] Baguette@lemm.ee 9 points 11 months ago (1 children)

I mean lots of companies are declaring bankruptcy already

  • forever21
  • 23andMe
  • hooters
  • party city (2024)
  • joann
[–] MrSulu@lemmy.ml 5 points 11 months ago (2 children)

Ah yes, when Trump does his own research.

[–] Sabin10@lemmy.world 4 points 11 months ago

Meanwhile, anyone with a halfway decent high-school education, knows this is what happens when you engage in a trade war with all your major trading partners.

[–] CharlesDarwin@lemmy.world 3 points 11 months ago

As does much of his cabinet, it seems. That, or if they know better, they are too afraid and power-seeking to counter even the very stupidest of his "ideas".

[–] circuitfarmer@lemmy.world 4 points 11 months ago

When the rich people are now questioning the other rich people, you know shit isn't exactly going to plan.

At least not the plan some of the rich thought they were getting. They forgot to factor in the incompetence.

[–] Jhex@lemmy.world 4 points 11 months ago

And this is the Fart of the Deal... inhale Muricans

[–] Seleni@lemmy.world 3 points 11 months ago (6 children)

Translation: hey rich customers, fire sale and reason to lay off your highest-paid employees incoming!

Remember, they and the people who listen to them wanted this.

load more comments (6 replies)
load more comments
view more: next ›