Job losses spiked a whopping 245% in February.
This is higher than any month since July 2020 (the middle of pandemic)
and the highest in any February since the Great Recession of 2009.
https://bsky.app/profile/newrepublic.com/post/3ljpxksddyu22
Layoffs Hit Unbelievable High Thanks to Trump and Musk
Donald Trump and Elon Musk's cuts to the federal government have
caused a record-breaking surge in layoffs.
https://newrepublic.com/post/192409/layoffs-trump-musk
Layoffs means employers are being cautious....great news for wrecking
US's economy. Hello recession....
As another interesting piece of the puzzle, inflation is now taking off
again in sweden, leading to people speculating that perhaps the central
bank will start to increase the interest rates again.
On Thu, 6 Mar 2025 22:35:15 +0100, D <nospam@example.net> wrote:
As another interesting piece of the puzzle, inflation is now taking off
again in sweden, leading to people speculating that perhaps the central
bank will start to increase the interest rates again.
As posted before here
(WSJ) - The world economy could face a crash similar to the Great
Depression of the 1930s unless the U.S. rows back on its plans to
impose steep tariffs on imports, a senior official at the
International Chamber of Commerce warned
"Our deep concern is that this could be the start of a downward spiral
that puts us in 1930s trade-war territory," said Andrew Wilson, deputy secretary-general of the ICC, which promotes global business and
trade. High tariffs on foreign goods imported into the U.S. in that
decade contributed to a damaging global recession. The downturn
plunged nearly a third of the global workforce into unemployment and
slashed production at heavyweight industrial economies Germany and the
U.S. by half, according to research from the International Monetary
Fund.
https://www.wsj.com/economy/trade/tariff-war-risks-sinking-world-into-new-great-depression-235fffeb
Sounds like a recipe for another World War.
Someone is to blame for all this.
On 3/6/2025 4:47 PM, JAB wrote:
On Thu, 6 Mar 2025 22:35:15 +0100, D <nospam@example.net> wrote:
As another interesting piece of the puzzle, inflation is now taking off
again in sweden, leading to people speculating that perhaps the central
bank will start to increase the interest rates again.
As posted before here
(WSJ) - The world economy could face a crash similar to the Great
Depression of the 1930s unless the U.S. rows back on its plans to
impose steep tariffs on imports, a senior official at the
International Chamber of Commerce warned
"Our deep concern is that this could be the start of a downward spiral
that puts us in 1930s trade-war territory," said Andrew Wilson, deputy
secretary-general of the ICC, which promotes global business and
trade. High tariffs on foreign goods imported into the U.S. in that
decade contributed to a damaging global recession. The downturn
plunged nearly a third of the global workforce into unemployment and
slashed production at heavyweight industrial economies Germany and the
U.S. by half, according to research from the International Monetary
Fund.
https://www.wsj.com/economy/trade/tariff-war-risks-sinking-world-into-new-great-depression-235fffeb
Sounds like a recipe for another World War. Someone is to blame for all this.
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