It’s so hilarious, and expected. You knew that a big media outlet would be required to do this at some point due to Trump Derangement Syndrome. But, it is also funny because the data and all the measures, such as consumer sentiment, rising food, housing, medical, auto, gas and energy prices were all skyrocketing, and outlets like the NY Times said you peasants were stupid, it wasn’t happening
Recession Warnings Are Everywhere, Except in the Data.
Americans are spending less at McDonald’s. Fewer container ships are expected at the Port of Los Angeles. Procter & Gamble is raising prices. Mattel is shifting production out of China.
Evidence for the economic impact of President Trump’s trade wars is everywhere — except, for the most part, in economic data itself. Consumer spending hasn’t fallen. Layoffs haven’t risen. Businesses haven’t stopped investing in equipment or buying supplies.
Could there be other reasons for fewer people spending at McDonald’s? No, sorry, right, it’s Trump’s Fault. Anyhow, you stupid peasants also need to ignore the data.
Economists say it is a matter of time before the impact of tariffs and the uncertainty that Mr. Trump’s on-again, off-again approach to trade policy has created begin to show up in the hard data. But until then, they are left sifting through crumbs of evidence that wouldn’t get a second glance in more normal times: customs revenue, hotel bookings in Las Vegas, freight shipments by truck and rail.
Crystal ball time. And the NY Times and other Trump deranged wishing for a recession. Heck, they’d be uber-happy with a depression.
“The problem is we don’t have much to hang onto at this point,” said Marc Giannoni, chief U.S. economist for Barclays. “We have to rely on anecdotes, on indicators that are nonconventional.”
We had more than anecdotes during the Bidenconomy: we had the actual rising prices. Which, in fairness, were not all his fault. Let’s start with China screwing around with coronaviruses. Anyhow, they have no actual data, just whiny Democrats on social media. And the Times writes a long piece on this, hoping to scare people. And get those who actually pay to read the Times to fearmonger because TDS.
Read: NY Times Attempts To Scaremonger On Recession Fears Despite Data »
Americans are spending less at McDonald’s. Fewer container ships are expected at the Port of Los Angeles. Procter & Gamble is raising prices. Mattel is shifting production out of China.
Certain artists are notorious for criss-crossing the world in their private jet, but according to new research, fans’ collective carbon footprint traveling to concerts exceeds that of the performers. Billie Eilish is one musician who is trying to help change the way her fans get to her shows.
Columbia University said it will cut around 180 staff members Tuesday following the Trump administration’s announcement in March that it canceled $400 million in federal grants over the Ivy League school’s “failure to protect Jewish students from antisemitic harassment.”
The Environmental Protection Agency plans to eliminate Energy Star, the popular energy efficiency certification for dishwashers, refrigerators, dryers and other home appliances, according to agency documents and a recording of an internal meeting.
The Supreme Court on Tuesday sided with the Trump administration in lifting a lower court order that paused the Pentagon’s transgender military ban from taking effect – allowing Trump’s order and related policies to proceed, at least.
As a University of Miami doctoral student studying climate change, Mayra Cruz knew more than most about the risks of sea rise and wetter storms and hurricanes.

Maine may be joining Vermont, New York, and two other states in establishing a “Climate Superfund Cost Recovery Program” within the Maine Department of Environmental Protection. The goal is to force the world’s largest oil producers to pay for the impact of climate change. This measure seeks to force the 90 or so biggest oil and gas producers in the world to pay for the climate change they allegedly helped cause.

