Updated: Fed GDP report projects Trump is single handedly crashing the economy

GDI (gross domestic income) is a better indicator of how the economy is doing than GDP. GDI and GDP normally track pretty closely. In recent months there has been a historical divergence. Odds are we've been in a recession as I pointed out last year.
The Gap Between Real GDP And GDI Increases To New Record $616 Billion

As Mike Sherlock said in the August 2024 article above:
"Recession Has Started

I am sticking with this assessment: Improving the McKelvey Recession Indicator, No False Negative or Positive Signals

Since 1953, every time the economy was in the current state, the economy was in recession.

That does not make the odds 100 percent because everything is up to the NBER, the official arbiter of recessions."

 

I know we all like to complain about presidents and the economy but I’ve never seen one man tank the entire U.S. economy like this. It’s really amazing. Historic stuff.

 

imo we've been in a recession for months.

The National Bureau of Economic Research will make the call on when the recession actually began.

 

We'll see how this thread ages by the summer to fall.

 

i sincerely hope you get to come back here and tell us we were overreacting without also being completely full of crap.

 

New York Fed still projects a 3% growth rate and the Dallas Fed projects 2.4% growth. These projections are very volatile given they are projecting out without February or March data.

 

You should sell all your investments if you have any. Get ahead of the apocalypse.

 

im young. A crash isn’t all bad for me. It’s how I got my first house too. But unlike a typical conservative I guess I worry about people less fortunate than myself.

 

Considering most of your posts are full of crap, it'll be full of facts by comparison.

 

Way to stay positive I guess.

 

Oh yeah, we're gonna touch the stove

 

Here we go…
“The S&P 500 (^GSPC) fell 1.7%, posting its worst day of 2025, while the tech-heavy Nasdaq Composite (^IXIC) dropped 2.6%. The Dow Jones Industrial Average (^DJI) fell nearly 650 points, or almost 1.5%, as the major US indexes came off a volatile week and a losing February.”

 

Conservative media are acknowledging. Headlines from media matters:

Fox Business co-host on economic slow down: "Expect a little bit of pain in the short term"

On Fox Business, Newt Gingrich predicts "we are sliding towards a recession"

MAGA media admitted that Trump’s agenda could cause economic mayhem. Indicators suggest it may be happening.

Fox makes up excuses for Trump’s failure to lower grocery prices, as he promised

 

People losing their jobs are worried about a lot more than grocery prices.

"A little bit of pain" does not adequately describe what working families will go through with job losses and likely cuts to social programs.

Can we count on the millionaires / bilionaires, or even the states, to help people out when they suffer traumatic economic losses?