Tariffs a 'Back Breaker' for Global Auto Industry: Dan Ives

[ochotona]

https://youtu.be/dFvx327UxDc?si=ZgZksiMvxlfLP09M

recession incoming... a bad one

[seajay]

https://youtu.be/dFvx327UxDc?si=ZgZksiMvxlfLP09M

recession incoming... a bad one

Recession for one, a boom for another

100% Made in America

[boglerdude]

Recession started April 2022 when they stopped printing. Lots are sitting empty in socal as developers wait for subsidized loans

[ochotona]

Recession started April 2022 when they stopped printing. Lots are sitting empty in socal as developers wait for subsidized loans

I heard some economists like Stephanie Pomboy, and Danielle DiMartino Booth, say exactly that... we've been in a recession for a while, masked by government stimmy. I increasingly think that's they Kamala lost, because in a recession the incumbent usually loses. Liz Ann Sonders of Schwab thinks we've been in a churning, rolling sector-by-sector recession.

It's crazy to think this picture was taken 30 years before I was born... because 30 years ago from today, I was watching Seinfeld and playing with my toddler. Time is a weird thing.

[ochotona]

Mark Zandi, Chief Economist of Moody Analytics on automobile tariffs

https://youtu.be/97m8W1S1KB8?si=uEWv9Skp3onkianS

[ochotona]

More from Mark Zandi

https://www.youtube.com/watch?v=pIQGZ5tXgbI

Start watching at 2:22

"a pretty dark scenario... would get us into recession pretty quickly... models suggest unemployment rates north of SEVEN PERCENT"

Not including the COVID spike, those levels were last seen October-November 2013. And he did say NORTH OF. U3 did touch 10% in October 2009. Obviously if we got there, it would be a disaster.