The Trump economy is sputtering

C

Cypress

Well-known member

U.S. economy is slowing sharply​

Goldman Sachs forecasts growth to be just 1% in the final two quarters due in part to slower consumer spending and “a sharp slowdown in real income growth that reflects weaker job growth.”

The weakness in job growth points to an economy that may be slowing even more than some of the traditional metrics are showing.

“We are in a broad economic slowdown. Whether it translates to a recession or not is the question that I’m asking now,” said Luke Tilley, chief economist at Wilmington Trust. “The labor market is key, and it’s hard to gauge what’s going to happen.”

Wilmington has a 50% chance the U.S. slides into recession. Tilley cites concerns over the longer-term hit from tariffs that could depress consumer spending, which drove 68% of all economic activity in the first quarter, as well as business investment and hiring.



 
Cypress said:

U.S. economy is slowing sharply​

Goldman Sachs forecasts growth to be just 1% in the final two quarters due in part to slower consumer spending and “a sharp slowdown in real income growth that reflects weaker job growth.”

The weakness in job growth points to an economy that may be slowing even more than some of the traditional metrics are showing.

“We are in a broad economic slowdown. Whether it translates to a recession or not is the question that I’m asking now,” said Luke Tilley, chief economist at Wilmington Trust. “The labor market is key, and it’s hard to gauge what’s going to happen.”

Wilmington has a 50% chance the U.S. slides into recession. Tilley cites concerns over the longer-term hit from tariffs that could depress consumer spending, which drove 68% of all economic activity in the first quarter, as well as business investment and hiring.



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“The labor market is key, and it’s hard to gauge what’s going to happen.”

That exactly right seeing that Crazy Trump fired Erika McEntarfer, the head of the Bureau of Labor Statistics, and now it's going to be hard to know where the economy stands.
 
Libhater said:
Check this link out to see just how much the economy is sputtering.

www.whitehouse.gov

“Absolute Blockbuster”: New GDP Report Shows Explosive Growth in Trump’s Economy

With U.S. economic growth surging in the second quarter, President Donald J. Trump has proven the so-called “experts” wrong once again as he presides over
www.whitehouse.gov www.whitehouse.gov
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Per the white House

picard-face-palm.gif
 
The economy is not sputtering. The democrats are. You can push all the bullshit you want but I think I'll just go with my lying eyes for the time being.

Yet another feckless desperate thread started by the impotent cucks of JPP.

475899378_122143124084382752_7460763888906921189_n.jpg
 
Cypress said:
You're right.
Trump doesn't care about MAGA morons, or their SS cost of living increase. He just wanted their vote. His only goal in life is to benefit himself.
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It looks like he has been captured by the people who run America from the shadows.
 
BartenderElite said:
Trump has no idea what he's doing. The crazy thing has always been people who think he's competent.
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More "experts", who will be wrong again.
US Q2 2025:
Positive points of US Q2 2025 economic performance
  • Strong GDP Growth: The US economy experienced a significant rebound in Q2 2025, with real GDP increasing at an annual rate of 3.0%, according to the U.S. Bureau of Economic Analysis (BEA). This reversed the 0.5% decrease seen in the first quarter.
  • Improved Consumer Spending: Consumer spending saw an increase of 1.4% in the second quarter, marking an improvement over the 0.5% seen in the first quarter. This suggests a renewed sense of consumer confidence and willingness to spend. The increase in consumer spending was seen in both goods and services, with healthcare, food services, accommodations, financial services, insurance, motor vehicles, parts, and pharmaceutical products being leading contributors.
  • Positive Trade Balance Impact: A substantial decline in imports (30.3%), reversing a surge in Q1, contributed significantly to the GDP growth. While exports also declined (1.8%), the larger drop in imports positively impacted the overall trade balance.
  • Solid Wage Growth: Compensation costs for civilian workers increased 0.9% on a quarterly basis and 3.6% over the year ending June 2025. Wages and salaries, a major component, rose 1.0% quarterly and 3.6% annually. Real (inflation-adjusted) wages and salaries increased by 0.8% annually, indicating workers are experiencing real gains in purchasing power.
  • Stable and Low Unemployment Rate: The unemployment rate remained within a narrow and historically low range of 4.0% to 4.2% over the past 14 months, settling at 4.1% in June 2025. This indicates a relatively healthy and tight labor market.

  • Moderate Inflation: Headline and core inflation measures, particularly the PCE price index favored by the Federal Reserve, showed signs of moderation. Headline PCE inflation slowed to 2.3% over the year through May 2025, just above the Fed's 2% target. Core PCE inflation (excluding food and energy) also slowed compared to the first quarter.
  • Growth Driven by Private Sector: Federal government spending declined for the second consecutive quarter, suggesting that the Q2 growth is being fueled by the private sector, specifically consumer spending and business investment, rather than government stimulus.

  • Strong Household Finances: Total household assets increased by 3.5% ($6.4 trillion) over the year ending in Q1 2025, driven by gains in the value of corporate equities. Stock markets have reached new record highs, and home prices remain strong, providing a solid foundation for continued consumer spending, particularly for middle- and high-income households.
 
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