#etttts — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #etttts, aggregated by home.social.
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The #IMF said that even if the #war is short-lived, the damage to the #GlobalEconomy has been done. In that best-case scenario, the fund expects global growth to fall to 3.1% this year from 3.4% in 2025. That is down from the 3.3% that the fund projected in January. It is also lower than the 3.4% growth that it was prepared to project before the war broke out & #oil shipments through the #StraitOfHormuz were halted.
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In its latest World Economic Outlook, the #IMF sharply downgraded its growth forecasts, exposing the economic fallout from a #GeopoliticalCrisis that has roiled #energy #prices & injected a new bout of uncertainty into the #GlobalEconomy.
“The global outlook has abruptly darkened following the outbreak of #war in the #MiddleEast,” Pierre-Olivier Gourinchas, the #IMF’s chief economist, wrote in the report. “The war interrupted what had been a steady growth trajectory.”
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In its latest World Economic Outlook, the #IMF sharply downgraded its growth forecasts, exposing the economic fallout from a #GeopoliticalCrisis that has roiled #energy #prices & injected a new bout of uncertainty into the #GlobalEconomy.
“The global outlook has abruptly darkened following the outbreak of #war in the #MiddleEast,” Pierre-Olivier Gourinchas, the #IMF’s chief economist, wrote in the report. “The war interrupted what had been a steady growth trajectory.”
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In its latest World Economic Outlook, the #IMF sharply downgraded its growth forecasts, exposing the economic fallout from a #GeopoliticalCrisis that has roiled #energy #prices & injected a new bout of uncertainty into the #GlobalEconomy.
“The global outlook has abruptly darkened following the outbreak of #war in the #MiddleEast,” Pierre-Olivier Gourinchas, the #IMF’s chief economist, wrote in the report. “The war interrupted what had been a steady growth trajectory.”
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In its latest World Economic Outlook, the #IMF sharply downgraded its growth forecasts, exposing the economic fallout from a #GeopoliticalCrisis that has roiled #energy #prices & injected a new bout of uncertainty into the #GlobalEconomy.
“The global outlook has abruptly darkened following the outbreak of #war in the #MiddleEast,” Pierre-Olivier Gourinchas, the #IMF’s chief economist, wrote in the report. “The war interrupted what had been a steady growth trajectory.”
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In its latest World Economic Outlook, the #IMF sharply downgraded its growth forecasts, exposing the economic fallout from a #GeopoliticalCrisis that has roiled #energy #prices & injected a new bout of uncertainty into the #GlobalEconomy.
“The global outlook has abruptly darkened following the outbreak of #war in the #MiddleEast,” Pierre-Olivier Gourinchas, the #IMF’s chief economist, wrote in the report. “The war interrupted what had been a steady growth trajectory.”
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So, less than two months after the #antipresident hijacked the #KennedyCenter , he will now shut it down for two years since the performers fled? ( #ETTTTS )
https://www.nytimes.com/2026/02/01/us/politics/trump-kennedy-center.html
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#Trump announced Sunday that he would shut down the John F. #KennedyCenter for the #PerformingArts this summer for two years to allow for a “reconstruction” project that he said would permit it to become “without question, the finest Performing Arts Facility of its kind, anywhere in the World” of course all the performances were getting canceled because he sucks, but I’m sure that has nothing to do with it /s
#ETTTTS
https://www.nytimes.com/2026/02/01/us/politics/trump-kennedy-center.html?smid=url-share -
#Investors have piled fresh bets on #gold & European #defense stocks in response to #Trump's threats to take control of #Greenland, fearing a geopolitical rift that could end #NATO, shatter the global order & damage the #dollar.
Although gains in both are expected to continue regardless of what happens to Greenland, investors face the dilemma of how to position for any longer-term fallout.
#GlobalEconomy #NewWorldOrder #ETTTTS
https://www.reuters.com/business/aerospace-defense/trump-greenland-threat-triggers-search-shelter-beyond-gold-defence-2026-01-12/ -
Perhaps most worryingly for #Trump, who’s become increasingly synonymous with his party, he’s slipped on issues that were major strengths. Just a few months ago, 53% of Americans approved of Trump’s handling of #crime, but that’s fallen to 43% in the new poll. There’s been a similar decline on #immigration, from 49% approval in March to 38% now.
The new poll starkly illustrates how Trump has struggled to hold onto political wins since his return to office.
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That is down from 40% in March & marks the lowest #economic approval he’s
registered in an AP-NORC poll in his 1st or 2nd term. #Trump also has struggled to recover from public blowback on other issues, such as his #management of the #FederalGovernment, & has not seen an approval bump even after congressional #Democrats effectively capitulated to end a record-long government #shutdown last month. -
Trump’s approval on the #economy & #immigration have fallen substantially since March, acc/to a new AP-NORC poll, the latest indication that 2 signature issues that got him elected [if you discount #sexism & #racism] barely a year ago could be turning into liabilities as his party gears up for the 2026 #midterms.
Only 31% of US adults now approve of how #Trump is handling the economy, the poll from The AP-NORC Center for Public Affairs Research finds.
#USpol #ETTTTS
https://apnews.com/article/trump-poll-approval-economy-immigration-inflation-crime-9e5bd096964990e040bc4bacd9fcac21?utm_source=onesignal&utm_medium=push&utm_campaign=2025-12-11-AP-NORC+Poll -
#WallStreet continues fall
Wall Street's indexes opened lower on Friday as #markets assessed the latest escalation in #Trump’s #TradeWar, with #China increasing its #tariffs on #US imports to 125%.
The Dow Jones Industrial Average fell 100.2 points, or 0.25%, at the open to 39493.42.
The S&P 500 fell 12.5 points, or 0.24%, at the open to 5255.56, while the Nasdaq Composite dropped 28.8 points, or 0.18%, to 16358.532 at the opening bell. -
Analysts & investors have pointed to this week's sharp selloff in #Treasuries & weakness in the #dollar as a sign of faltering confidence in the world's biggest #economy.
"There's clearly an exodus from #US assets. A falling currency & bond market is never a good sign," said Kyle Rodda, senior financial #markets analyst at Capital.com. "This goes beyond pricing in a #growth slowdown & #trade uncertainty."
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Global #stocks fell & the #dollar sank further on Friday, while a manic #bonds selloff took hold in a brutal end to the week of tit-for-tat worldwide #tariffs that have fed fears of a deep #recession & shaken investor confidence in #US assets.
The selloff in US #Treasuries picked up pace during Asian hours, with the 10-year note yield rising to 4.45%, gaining about 45 basis points in the week, the biggest increase since 2001, LSEG data showed.
#ETTTTS #trump #economy
https://www.reuters.com/markets/global-markets-wrapup-1pix-2025-04-11/ -
Fears of a sharp downturn in the global #economy have sent #markets convulsing again, w/action focused on #currencies & #bonds as the escalating #US – #China #TradeWar has investors fleeing #dollar-based assets.
Stock futures in Europe pointed to a subdued open but the Swiss #franc reached a 10-yr high & the #yen was its strongest in 6 months. #Gold prices resumed their march to successive record highs & the #euro rose to levels not seen since Feb 2022.
King dollar no more.
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Fears of a sharp downturn in the global #economy have sent #markets convulsing again, w/action focused on #currencies & #bonds as the escalating #US – #China #TradeWar has investors fleeing #dollar-based assets.
Stock futures in Europe pointed to a subdued open but the Swiss #franc reached a 10-yr high & the #yen was its strongest in 6 months. #Gold prices resumed their march to successive record highs & the #euro rose to levels not seen since Feb 2022.
King dollar no more.
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He should be in a rubber room
#Trump threatens NEW 50% #tariffs on #China for their retaliatory tariffs.
#TrumpTariffs #economy #recession #inflation #Trumpcession #ETTTTS #idiocracy #RevengePolitics #geopolitics
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Another video posted on the X page of state-run news agency Xinhua, also generated by AI, shows a robot named TARIFF that chooses to self-destruct rather than follow its creator's orders for high #tariffs that bring "trade wars & unrest".
#China has sharply criticised the #US tariffs, which have triggered the biggest #stockmarket rout since the pandemic, & retaliated on Friday w/import duties & export curbs of its own.
#economy #Trump #ETTTTS #Trumpcession #recession #geopolitics #USpol
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"'Liberation Day', you promised us the stars. But #tariffs killed our cheap Chinese cars," an automated female voice sings in a video on the website of China's CGTN, a state-run English-language broadcaster. It appears with a shot of a woman at a kitchen table staring at an empty fork. The 2-min, 42-sec clip, was captioned with a warning: "Track is AI-generated. The debt crisis? 100% human-made." [they’re not wrong]
#economy #ETTTTS #Trump #Trumpcession #recession #geopolitics #USpol
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Robots star in #China AI videos mocking #Trump #tariffs
China's state-run media has taken to the internet w/ AI-generated videos, featuring dancing robots & fraught #consumers, to chide Trump.
They say the US leader's tariffs threaten high #inflation & economic distress for Americans.
#economy #ETTTTS #Trumpcession #geopolitics #USpol
https://www.reuters.com/world/us/trump-tariff-live-updates-stocks-extend-global-selloff-investors-fear-us-2025-04-04/ -
US #stocks extended already deep losses as traders focused on remarks from #FederalReserve Chair #JeromePowell amid global economic turmoil caused by #Trump’s sweeping #tariffs.
The S&P 500 was last down 4.3%, while the Nasdaq was down by about the same amount.
#Oil plunged to its lowest level since 2021 & commodities including #NaturalGas & #soybeans also dived as #China retaliated against #Trump's aggressive tariffs.
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"We've taken a step back & we're watching to see what the policies turn out to be & the ways in which they will affect the #economy. Then we'll be able to act. Fortunately, our policy stance is in a good place for us to do that." thanks to #Biden / #Bidenomics]
#TheFed, he added is in the same place as everyone else, awaiting clarity on policies.
[again, cuz shit is crazy]#ETTTTS #Trump #tariffs #inflation #recession #geopolitics #USpol
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#JeromePowell signaled that #TheFed would not be making any hasty decisions on #InterestRates.
"It's a good time to take a step back & let things clarify. That's why it's just too soon to say what the appropriate monetary policy response will be to these new policies. It is just too soon to say. We can't say with any confidence today." [cuz shit is crazy]
#ETTTTS #Trump #economy #tariffs #inflation #recession #geopolitics #USpol
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#JeromePowell says #TheFed does not forecast #recession probability.
"We don't actually, we don't make a probability forecast of how likely it is for there to be a recession, but many outside forecasters do, & many of them have raised the likelihood, …there's not much more I can say about that."
Powell stressed that he did not want to be part of a political discussion about #policy.
The Fed is not responsible for #trade, #immigration, fiscal or other policies.
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Q & A:
#FederalReserve chair #JeromePowell was asked about recent #Trump comments on the #economy. He said he would not comment.
He also said:
#Unhappiness with economy seems rooted in #inflation persisting.
#Prices aren’t going down, people know they are paying more & are right not to be happy about it.
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"The new administration is in the process of implementing substantial policy changes in four distinct areas #trade, #immigration, fiscal policy & regulation [#deregulation]," #FederalReserve chair #JeromePowell said.
"Our monetary policy stance is well positioned to deal with the risks & uncertainties we face as we gain a better understanding of the policy changes & their likely [adverse] effects on the #economy. It is not our role to comment on those policies."
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#FederalReserve Chair #JeromePowell is speaking
Says #Trump #tariffs were far higher than expected & that larger than expected tariffs mean higher #inflation, slower growth.
"We face a highly uncertain outlook with elevated risks of both higher #unemployment & higher inflation," undermining both of the #Fed's mandates of 2% inflation & maximum employment, Powell said in prepared remarks for a business journalists' conference.
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Acc/to Olu Sonola, an economist at Fitch Ratings, the average #US #tariff rate on all imports will be ~22%, a rate last seen around 1910 [you, know what led up to the #GreatDepression]. “This is a game changer, not only for the US economy but for the global #economy,” Sonola said in a statement. “Many countries will likely end up in a #recession.”
#ETTTTS #Trump #tariffs #inflation #recession #RevengePolitics #PerceivedEnemies #geopolitics #USpol
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Acc/to Olu Sonola, an economist at Fitch Ratings, the average #US #tariff rate on all imports will be ~22%, a rate last seen around 1910 [you, know what led up to the #GreatDepression]. “This is a game changer, not only for the US economy but for the global #economy,” Sonola said in a statement. “Many countries will likely end up in a #recession.”
#ETTTTS #Trump #tariffs #inflation #recession #RevengePolitics #PerceivedEnemies #geopolitics #USpol
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Acc/to Olu Sonola, an economist at Fitch Ratings, the average #US #tariff rate on all imports will be ~22%, a rate last seen around 1910 [you, know what led up to the #GreatDepression]. “This is a game changer, not only for the US economy but for the global #economy,” Sonola said in a statement. “Many countries will likely end up in a #recession.”
#ETTTTS #Trump #tariffs #inflation #recession #RevengePolitics #PerceivedEnemies #geopolitics #USpol
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Acc/to Olu Sonola, an economist at Fitch Ratings, the average #US #tariff rate on all imports will be ~22%, a rate last seen around 1910 [you, know what led up to the #GreatDepression]. “This is a game changer, not only for the US economy but for the global #economy,” Sonola said in a statement. “Many countries will likely end up in a #recession.”
#ETTTTS #Trump #tariffs #inflation #recession #RevengePolitics #PerceivedEnemies #geopolitics #USpol
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Acc/to Olu Sonola, an economist at Fitch Ratings, the average #US #tariff rate on all imports will be ~22%, a rate last seen around 1910 [you, know what led up to the #GreatDepression]. “This is a game changer, not only for the US economy but for the global #economy,” Sonola said in a statement. “Many countries will likely end up in a #recession.”
#ETTTTS #Trump #tariffs #inflation #recession #RevengePolitics #PerceivedEnemies #geopolitics #USpol
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…The levies #Trump announced on Wed are separate from the ones he has already imposed on #steel, #aluminum, & foreign-made #cars & parts. Taken as a whole, his tariffs represent a dramatic expansion from the more narrowly targeted duties he imposed in his first term—some of which the Biden Admin retained—& a final nail in the coffin for the open #trading environment that reigned before 2016.
#ETTTTS #economy #inflation #recession #RevengePolitics #PerceivedEnemies #geopolitics #USpol
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…The levies #Trump announced on Wed are separate from the ones he has already imposed on #steel, #aluminum, & foreign-made #cars & parts. Taken as a whole, his tariffs represent a dramatic expansion from the more narrowly targeted duties he imposed in his first term—some of which the Biden Admin retained—& a final nail in the coffin for the open #trading environment that reigned before 2016.
#ETTTTS #economy #inflation #recession #RevengePolitics #PerceivedEnemies #geopolitics #USpol
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…The levies #Trump announced on Wed are separate from the ones he has already imposed on #steel, #aluminum, & foreign-made #cars & parts. Taken as a whole, his tariffs represent a dramatic expansion from the more narrowly targeted duties he imposed in his first term—some of which the Biden Admin retained—& a final nail in the coffin for the open #trading environment that reigned before 2016.
#ETTTTS #economy #inflation #recession #RevengePolitics #PerceivedEnemies #geopolitics #USpol
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…The levies #Trump announced on Wed are separate from the ones he has already imposed on #steel, #aluminum, & foreign-made #cars & parts. Taken as a whole, his tariffs represent a dramatic expansion from the more narrowly targeted duties he imposed in his first term—some of which the Biden Admin retained—& a final nail in the coffin for the open #trading environment that reigned before 2016.
#ETTTTS #economy #inflation #recession #RevengePolitics #PerceivedEnemies #geopolitics #USpol
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…The levies #Trump announced on Wed are separate from the ones he has already imposed on #steel, #aluminum, & foreign-made #cars & parts. Taken as a whole, his tariffs represent a dramatic expansion from the more narrowly targeted duties he imposed in his first term—some of which the Biden Admin retained—& a final nail in the coffin for the open #trading environment that reigned before 2016.
#ETTTTS #economy #inflation #recession #RevengePolitics #PerceivedEnemies #geopolitics #USpol
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#Trump has blown up a half century’s worth of globalization.
THE TRUTH ABOUT DONALD TRUMP’S “LIBERATION DAY”
Trump’s one-man #TradeWar was already hurting the #economy. His expansive new #tariffs will make things worse.
#ETTTTS #inflation #recession #RevengePolitics #PerceivedEnemies #geopolitics #USpol
https://www.newyorker.com/news/the-financial-page/the-truth-about-donald-trumps-liberation-day -
#Trump has blown up a half century’s worth of globalization.
THE TRUTH ABOUT DONALD TRUMP’S “LIBERATION DAY”
Trump’s one-man #TradeWar was already hurting the #economy. His expansive new #tariffs will make things worse.
#ETTTTS #inflation #recession #RevengePolitics #PerceivedEnemies #geopolitics #USpol
https://www.newyorker.com/news/the-financial-page/the-truth-about-donald-trumps-liberation-day -
#Trump has blown up a half century’s worth of globalization.
THE TRUTH ABOUT DONALD TRUMP’S “LIBERATION DAY”
Trump’s one-man #TradeWar was already hurting the #economy. His expansive new #tariffs will make things worse.
#ETTTTS #inflation #recession #RevengePolitics #PerceivedEnemies #geopolitics #USpol
https://www.newyorker.com/news/the-financial-page/the-truth-about-donald-trumps-liberation-day -
#Trump has blown up a half century’s worth of globalization.
THE TRUTH ABOUT DONALD TRUMP’S “LIBERATION DAY”
Trump’s one-man #TradeWar was already hurting the #economy. His expansive new #tariffs will make things worse.
#ETTTTS #inflation #recession #RevengePolitics #PerceivedEnemies #geopolitics #USpol
https://www.newyorker.com/news/the-financial-page/the-truth-about-donald-trumps-liberation-day
