"Last week’s trade data: BLEAK

- 49% drop in global container bookings
- 64% drop in US imports
- 30% drop in US exports

If this continues for more than a few weeks -no doubt in my mind that we'reHEADED FOR ONE OF THE WORST #RECESSIONS IN OUR LIFETIME."
-B Krassenstein

"No foreseeable way of producing all the things that we import, at the same price that we import them, the -8% DEPR of the Dollar in 2025 -another tax on consumers/bus' -rely on importing foreign prods."
-S Hakimian

Next time someone asks you "when has
#socialism ever worked?", ask them why #capitalism seems to be unable to fix basic problems like the #housingcrisis or why capitalism crashes every 10 to 20 years and has to be bailed out by the #government every time there's a #recession.

#Socialist countries don't have & never had #recessions because the #economy is literally PLANNED in such a way as to avoid them.

"#Recessions aren’t detox cleanses; they don’t flush out inefficiencies and leave you leaner and stronger. They are periods of mass job losses, closed businesses and financial ruin that leave lasting scars on families, workers and entire communities.
"...not even that long ago. The 2008 financial crisis and Great Recession didn’t make the U.S. economy more efficient — it wiped out a generation of wealth"

MSNBC https://www.msnbc.com/opinion/msnbc-opinion/trump-economic-recession-golden-age-covid-rcna196516
#USPolitics #Tariffs #TrumpRegime

U.S. President Donald Trump has declined to rule out the possibility that the United States might enter a recession this year, as his tariff threats roil financial markets and stoke unease among consumers. https://www.japantimes.co.jp/business/2025/03/10/economy/us-trump-recession/?utm_medium=Social&utm_source=mastodon #business #economy #globaleconomy #donaldtrump #us #tradewar #tariffs #trade #inflation #recessions