• Buffalox@lemmy.world
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    3 days ago

    You ain’t seen nothing yet.
    Just wait until February. Then the bottom will really fall out of the job market.
    And if the current policies are continued, it will continue to get worse YOY.
    Foreign investments are declining, and the dollar is weak, so inflation job losses will continue.
    I think that’s what they call stagflation. A combination of the worst of an overheated economy and an economy in recession.
    Enjoy the things that are free, you may need to “consume” more of those things in the future.

      • Buffalox@lemmy.world
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        3 days ago

        Because both January and February are traditionally slow months, but next year will be worse than normal. My guess is that there will be a lot of firing, in part because many businesses will be slow, and second because they can’t afford to hold people on for things to look up in in March/spring, and third because many probably will be skeptical that things will look up enough to keep people on anyway.

        But all in all it’s mostly a gut feeling from 30 years in business, and although I am not American, I know business in USA is harsher regarding these things than what is normal in Europe.

    • korendian@lemmy.zip
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      3 days ago

      Can’t wait for him to deploy his reality distortion field and for all his magites to eat it up.

  • blattrules@lemmy.world
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    3 days ago

    When was the Trump economy ever moving to begin with? Seems to me that he slammed the brakes on the already slow Biden economy and has been driving in reverse since then.

  • N0t_5ure@lemmy.world
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    3 days ago

    Trump is teeing up economic collapse. Our budget deficit is 6%, well over double economic growth, and unsustainable. Our national debt is massive, and a significant chunk comes due in 2026 and will have to be rolled over into new bonds, which will undoubtedly be seeking a higher interest rate to compensate for the fiscal risk caused by the out of control budget. Add in the fact that Jerome Powell’s term as fed chair in up in May, and you can rest assured that Trump will appoint a lackey, it becomes clear that reckless monetary policy to juice the economy will be in play. There is a reason that gold is in the midst of the biggest bull market of all time, and it will go absolutely bonkers in 2026.

        • kbobabob@lemmy.dbzer0.com
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          3 days ago

          You’re the one making a dumbass comment. If you want people to listen to you then at least try to put reason to such a dumbass comment.

        • blitzen@lemmy.ca
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          3 days ago

          Evidence can’t prove a negative.

          I have no idea what today’s economy would look like under Harris, but I’m not the one making a claim.

            • blitzen@lemmy.ca
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              3 days ago

              I’m not sure a simple “what is your evidence” is coming at you hard. But okay…

              if you said that I would see they have a very good record right now (evidence) and wouldn’t wonder why you are saying that.

              If you claimed the Titans were going to win, I would indeed wonder and ask for your reasoning.

                • blitzen@lemmy.ca
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                  3 days ago

                  They’re 10-4, first in their division, 3rd in the AFC. They’re not my first choice to win the Super Bowl, but I wouldn’t bet against them either.

    • corsicanguppy@lemmy.ca
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      3 days ago

      Compared to the series of absolute winner advisors the Cheeto has? Yeah. Go with that, buddy ;-)

    • Buffalox@lemmy.world
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      3 days ago

      No Harris would have continued Biden’s economic policies, and they actually created economic progress.
      The problem with inflation was a worldwide consequence of COVID, European countries have inflation under control now. in my own country Denmark, food prices even dropped a little in November! And inflation is projected to be below 2% next year.