US EditionWhat is a recession, and when did the last recession occur in the U.S.?
- Following the announcement of global tariffs by President Donald Trump on April 2, financial analysts warned about the potential consequences of a trade war, highlighting historic stock market chaos and a loss of over $5 trillion in value.
- Bloomberg characterized the market crash tied to Trump's policies as one for the history books, indicating that the Nasdaq 100 had entered a bear market, matching losses experienced during major financial crises in the past.
- Experts from various firms, including JPMorgan, estimated a 60% chance of recession, indicating serious concerns about economic downturn.
- Economists warned that Trump's tariffs could lead to stagflation and estimated the tariffs might reduce U.S. GDP by 0.7% and cost 605,000 jobs.
27 Articles
27 Articles
Rupert Murdoch’s Media Empire Is Freaking Out Over Donald Trump’s Tariffs
The Wall Street Journal and the New York Post have registered notes of panic about this week’s financial calamity, while Fox News hosts Laura Ingraham and Jesse Watters have mocked the naysayers as Chicken Littles.
Fox Vs. Fox: Trump Toadies Defend Tariff Chaos While Experts Freak Out
Following days of historic stock market chaos after President Donald Trump's so-called “Liberation Day” announcement of massive global tariffs on April 2, financial professionals and market analysts have warned Fox News and Fox Business audiences about the dire consequences of a global trade war. Meanwhile, Fox’s roster of professional Trump apologists and sycophants have continued to spew their pro-Trump and pro-tariff propaganda, assuring audi…
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