pull down to refresh
23 sats \ 4 replies \ @Undisciplined 30 Apr \ on: U.S. economy shrinks for the first time since Q1 of 2022 econ
That's an interesting point about the import surge possibly creating a misleading picture. If it is just displaced spending, then next month will look artificially good.
Definitely. Imports soared because all are trying to profit out of Trump's tariff talks (yes they are only talks). Till next month this whole drama will calm down and the GDP numbers will again be estimated in positive by them.
I believe this (0.3%) estimation isn't correct. GDP can't go that worse suddenly only on the basis of more imports. US is still producing the same amounts of goods or it isn't?
reply
A lot of business activity paused last quarter, I presume to get a feel for what the policy environment will be like under Trump.
reply
The condition of economy had already worsened under Biden. If Trump's taking these measures to overcome a possible recession, this downturn is not a bad sign. I'm sure US will see a dramatic economic turnaround under Trump. Afterall he himself is a businessman..
reply
From what I understand, his negotiating strategy is fairly chaotic. I'm not sure he appreciates the importance of certainty in economic activity.
reply