Showing posts with label recession. Show all posts
Showing posts with label recession. Show all posts
Wednesday, April 15, 2026
Iran war escalation could trigger global recession, IMF warns
Growth forecasts cut for US and global economy, while UK suffers sharpest downgrade in G7…
Wednesday, February 4, 2026
Is the Economy Doing Well or Are We Headed for a Recession? (Find Out Podcast)
Economist Justin Wolfers joins The Find Out Podcast to cut through the noise and explain what’s really happening with the U.S. economy. Is it as strong as Donald Trump claims? (Short answer: no.) Are we headed straight for a recession — or is that fear being overstated for political gain?
We break down inflation, jobs, growth, and why economic reality so often clashes with how people feel. Wolfers explains how economic data gets cherry-picked, why “vibes” dominate headlines, and how the economy becomes a political weapon in moments of uncertainty.
If you’ve felt confused by competing claims about the economy, this conversation is for you.
Plus this is likely the funniest discussion of the economy you've heard in a long time.
Interview:
We break down inflation, jobs, growth, and why economic reality so often clashes with how people feel. Wolfers explains how economic data gets cherry-picked, why “vibes” dominate headlines, and how the economy becomes a political weapon in moments of uncertainty.
If you’ve felt confused by competing claims about the economy, this conversation is for you.
Plus this is likely the funniest discussion of the economy you've heard in a long time.
Interview:
Friday, November 7, 2025
Layoffs are rising to recession-like levels, new report says - The Washington Post
Employers have announced 1.1 million job cuts so far this year, the highest reading since the pandemic, private firm reports...
Monday, September 22, 2025
Monday, September 8, 2025
Sunday, August 17, 2025
Opinion | A shrinking labor force is sounding the recession alarm bell - The Washington Post
Low unemployment is great, but only if it's due to lots of new jobs, not an evaporating labor force...
Thursday, August 7, 2025
Opinion | Tariffs are making a K-shaped economy for wealthy consumers - The Washington Post
The economy is increasingly dependent on a small sliver of superstar companies and wealthy consumers to stay afloat because these are the only firms and families able to withstand the tariff onslaught. A highly concentrated economy increases the risk of a downturn — and will leave many middle-class Americans frustrated and strained...
Sunday, May 4, 2025
What Trump’s Tariff Shock Will Cost You (Reveal podcast)
Economist Justin Wolfers on the looming recession risk and nostalgic fantasy driving Trump’s tariff upheaval.
Justin Wolfers teaches economics 101 at the University of Michigan. It’s an introductory course about supply, demand, and trade. The basics. He wishes President Donald Trump attended.
Wolfers, an Australian known for his research on how happiness relates to income, is one of the more prominent economists speaking out against Trump’s sweeping tariffs. He says they not only betray the most basic laws of economics, but could very well tip the US into a completely avoidable recession.
In early April, Trump announced a series of tariffs not seen in the US since the Depression era. The plan roiled the stock market, unsettled the bond market, and is resulting in an unprecedented global trade war. A week later, Trump backed off—somewhat—by announcing a 90-day pause on reciprocal tariffs, but remained in the grip of an ever-escalating tit-for-tat with China, with no end in sight.
Trump has always argued that tariffs are needed to bring back manufacturing jobs to the US, which have been declining for half a century. But Wolfers says the president’s vision is misguided and steeped in fantasy. Even if the US can claw back manufacturing power in the future, he says, it will be dominated by automation and robotics, not humans.
“What we have here is an economic policy that’s fundamentally driven by nostalgia,” Wolfers says. “This is not how you rebuild the middle class.” He doesn’t know what the future of work will look like in the US but adds: “What I want to do is trust that people will make their own damn choices.”
On this episode of More To The Story, Wolfers sits down with host Al Letson to discuss why today’s tariffs are markedly different from the ones Trump imposed in 2018, the likelihood that the US tips into a recession, and ultimately how Trump’s tumultuous tariff plan might affect you.
Interview:
Justin Wolfers teaches economics 101 at the University of Michigan. It’s an introductory course about supply, demand, and trade. The basics. He wishes President Donald Trump attended.
Wolfers, an Australian known for his research on how happiness relates to income, is one of the more prominent economists speaking out against Trump’s sweeping tariffs. He says they not only betray the most basic laws of economics, but could very well tip the US into a completely avoidable recession.
In early April, Trump announced a series of tariffs not seen in the US since the Depression era. The plan roiled the stock market, unsettled the bond market, and is resulting in an unprecedented global trade war. A week later, Trump backed off—somewhat—by announcing a 90-day pause on reciprocal tariffs, but remained in the grip of an ever-escalating tit-for-tat with China, with no end in sight.
Trump has always argued that tariffs are needed to bring back manufacturing jobs to the US, which have been declining for half a century. But Wolfers says the president’s vision is misguided and steeped in fantasy. Even if the US can claw back manufacturing power in the future, he says, it will be dominated by automation and robotics, not humans.
“What we have here is an economic policy that’s fundamentally driven by nostalgia,” Wolfers says. “This is not how you rebuild the middle class.” He doesn’t know what the future of work will look like in the US but adds: “What I want to do is trust that people will make their own damn choices.”
On this episode of More To The Story, Wolfers sits down with host Al Letson to discuss why today’s tariffs are markedly different from the ones Trump imposed in 2018, the likelihood that the US tips into a recession, and ultimately how Trump’s tumultuous tariff plan might affect you.
Interview:
Sunday, April 20, 2025
Monday, April 7, 2025
Ted Cruz warns of midterm ‘bloodbath’ if Trump tariffs cause a recession
Ted Cruz, the US senator from Texas, has warned that his fellow Republicans risk a "bloodbath" in the 2026 midterm elections if Donald Trump's "liberation day" tariffs cause a recession.
Cruz also warned that the president's tariffs, if they stay in place for long and are met by global retaliation on American goods, could trigger a full-blown trade war that "would destroy jobs here at home, and do real damage to the US economy"...
https://www.theguardian.com/us-news/2025/apr/05/ted-cruz-midterm-trump-tariffs-recession
Wednesday, March 26, 2025
Tariffs, economic turmoil weigh on GOP tax bill plans - The Washington Post
Some Republicans in Congress are pushing to enact tax cuts quickly before a potential recession, according to three GOP tax advisers, who spoke on the condition of anonymity to discuss private conversations.
House Speaker Mike Johnson (R-Louisiana) and Senate Majority Leader John Thune (R-South Dakota) are set to meet Tuesday to hash out a path forward on what Trump has called his "big, beautiful bill" on taxes, immigration, energy and defense...
https://www.washingtonpost.com/business/2025/03/25/trump-tax-cuts-tariffs-economy/
Wednesday, March 12, 2025
Tuesday, March 11, 2025
Friday, August 16, 2024
Retail sales surged in July, casting new doubt on recession fears - The Washington Post
Retail sales rose 1 percent in July, reversing a June slowdown and marking the largest jump in more than two years...
Wednesday, August 7, 2024
What’s behind the stock meltdown and will there be a recession?
Even after the losses, the benchmark S&P 500 index is still up more than 9% since January, as is the Nasdaq…
The United States is not facing an imminent recession. This is nonsense
Everyone who makes economic predictions will one day be proven correct if they stick to their guns...
Thursday, May 23, 2024
Majority of Americans wrongly believe US is in recession – and most blame Biden
The only recent recession was in 2020, early in the Covid-19 pandemic. Since then, the US economy has grown considerably. Unemployment has also hit historic lows, wages have been going up and consumer spending has been strong…
Friday, January 26, 2024
Biden economy’s resilience fuels Democrats’ 2024 optimism - The Washington Post
In prepared remarks, Yellen rebuked the forecasters who "thought a recession last year was inevitable." She also touted low gas prices, a jump in consumer sentiment, rising wealth relative to pre-pandemic levels, a decline in the gap between rural and urban unemployment, caps on some drug prices, and some other signs of economic improvement.
"It's been the fairest recovery on record," Yellen said, according to her prepared remarks. "The recovery we've had — instead of one that was weaker or less fair — meant that we avoided financial pain for most middle-class American families."…
Sunday, January 21, 2024
Thursday, November 23, 2023
Cheaper gas and thriving labor: 5 economic trends we're grateful for
For all the gloomy forecasts about the U.S. economy — recession! unemployment jump! sticky inflation! — plenty of developments are underway that allow for some optimism and gratitude this holiday season...
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