#IMF cuts growth forecasts for most countries in wake of century-high #US #tariffs
The global #economy will slow sharply this year, weighed down by #Trump’s imposition of the highest import taxes in more than a century & the cloud of #uncertainty that has billowed in their wake, the International Monetary Fund said Tuesday.
Would you want to do business with:
A country that was so #unstable, you couldn't be sure if minimum standards of health and safety were adhered to?
A country so racked with #uncertainty, entire companies and expertise to service and maintain complex products could disappear overnight?
A country so #dysfunctional you'd worry if you sent personnel over to study or work they could randomly be shot at, attacked, arrested?
The world is saying "NO" to America because of #Trump and #Republicans.
#JeromePowell said #markets are processing the #policy changes, but they are functioning.
"What I think is going on in markets is markets are processing what's going on, markets are struggling with a lot of #uncertainty & that means #volatility.”
He also said that volatility is likely to continue given the high uncertainty.
"The self-inflicted uncertainty from the #China #tariffs has turned the corporate capital expenditures world upside down, created mass #uncertainty not seen since Covid, created a price shock that will impact the daily lives of US #consumers with no end in sight, & unfortunately ripped the hearts & lungs out of the US #BigTech #SupplyChain in the process with no minimal to no alternatives," Ives wrote.
"Regulatory #uncertainty, #funding cuts, #immigration restrictions, & diminished international collaboration create a perfect storm for #BrainDrain," said Gray McDowell at…Capgemini Invent.
…#Europe's political leaders feel the stance of the #Trump admin has put wind in their sails.
"The American government is currently using brute force against the #universities in the #USA, so that #researchers from #America are now contacting Europe," #Germany's chancellor-in-waiting, Friedrich Merz, said.
FUD on a Monday. I hope everyone is holding up? #uncertainty #USA #WTF
"Looking ahead, higher #tariffs will be working their way through our #economy & are likely to raise #inflation in coming quarters," #JeromePowell said.
"While #uncertainty remains elevated, it is now becoming clear that tariff increases will be significantly larger than expected, & the same is likely to be true of the economic effects, which will include higher inflation & slower growth."
US #Stock indexes extend losses after #FederalReserve chair Powell remarks were released.
#Stocks Mark Worst Month in Years as #Trump’s Tariffs Loom
#Markets around the world have wavered as #fear & #uncertainty over #tariffs & trade wars rattle investors. The S&P 500 just recorded its worst month since 2022, shedding 5.8% in March.
#economy #Trumpcession #recession
https://www.nytimes.com/2025/03/30/business/stocks-nikkei-sp500.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=p&pvid=6A0E0CDF-535A-4F97-A793-7EC836C1BEC6
Deception, Obfuscation & Misdirection
This is a concatenation of posts I originally made in 2016-2017--even more relevant today...
Most are familiar with the concept of #FUD—short for #Fear, #Uncertainty & #Doubt. It summarizes a strategy often used in marketing and political propaganda. Its effects are pernicious, divisive and lead to exploitation. Examples abound. Fear is a strong motivator! To resist FUD one must understand how it is practiced using the principles of #Deception, #Obfuscation and #Misdirection.
https://mdpaths.com/rrr/commentary/deception_obfuscation_misdirection/index.html
#US #stocks are falling steeply Friday following discouraging updates on inflation & how much US households may be willing to spend given all the #uncertainty about #Trump’s escalating #TradeWar.
The S&P 500 was down 1.5% in midday trading. That would make this the 5th losing week in the last 6 for the index….
The Dow was down 520 points, or 1.2%, as of 11:30AM ET, & the Nasdaq composite was 2.1% lower.
#economy #tariffs #jobs #insecurity #trumpcession #recession
https://apnews.com/article/market-rates-trump-tariffs-91a5088aa36966aaf5e0971147a66930
"The #Fed is as lost in the wilderness as the rest of us trying to decipher the continual shifts in #EconomicPolicy from 1600 Pennsylvania Avenue," said #Inflation Insights' Omair Sharif, referring to the street address of the White House.
"Beyond the cut to median growth this year & the boost to median inflation, the most telling aspect of the (projections) is the shift higher in #uncertainty."
Fellow agnostics and freaks rejoice, loving uncertainty can have psychological benefits. Open-mindedness, trying weird shit, etc. Things I'm a big fan of
https://www.discovermagazine.com/mind/learning-to-love-uncertainty-may-have-psychological-benefits
Bank of Finland warns: global uncertainty threatens Finland’s growth https://www.byteseu.com/819987/ #bank #economy #Europe #Exports #Finland #Global #Growth #political #Security #trade #Ukraine #Uncertainty #War
#Norway #Doubles #Ukraine #Aid #Amid #Uncertainty #European #parliament #approved #support #defense #strengthen #security
Its time for norway and Iceland to join EU and use Euro to participate with it, too.
#Norway #Doubles #Ukraine #Aid to €7.5 Billion in 2025 #Amid# US #Uncertainty
Norway will more than double its aid to Ukraine in 2025, increasing funding to nearly €7.5 billion as #European nations step up support amid uncertainty over US assistance, Prime Minister Jonas Gahr Støre announced.
The Norwegian #parliament #approved an additional €4 billion in aid to #support Ukraine’s #defense, #strengthen European #security, and contribute to a long-term peace plan led by European allies.
Norway has already provided significant military aid to Ukraine, including Hellfire missiles, artillery systems, and investments in ammunition production.
As the US halts military aid, Norway’s decision underscores Europe’s commitment to sustaining Ukraine’s war effort and ensuring its long-term resilience against Russian aggression.
“The stock market has dropped dramatically over the past three days owing to both the tariffs and the uncertainty over their implementation.”
—Heather Cox Richardson, March 6, 2025
#tariffs #uncertainty
@Mareike2405 betont in Ihrer #DHd2025 Keynote, dass Unfertigkeit, Mehrdeutigkeit, Multiperspektivität, #Uncertainty seit jeher zentral für die (D)H sind. Dies müsse stärker anerkannt, sichtbar und auch in Publikationen abgebildet werden. Das leuchtet mir ein! Wie wäre es, wenn wir unsere Wissensangebote als (zu plausibilisierende) Simulationen verstehen?
#StockMarkets opened even lower on Tues, reflecting mounting investor concerns about the global #economy, after #Trump imposed #tariffs on #Canada, #Mexico & #China, & Beijing & Ottawa announced swift retaliation.
The escalating #TradeWar added to global #uncertainty that was compounded by the Trump admin’s decision to suspend #military #aid to #Ukraine.
The S&P 500 fell 0.7% at the start of trading, adding to a 1.8% loss on Monday that was its sharpest decline this year.
