mastodon.design is one of the many independent Mastodon servers you can use to participate in the fediverse.
A small instance for and by people who make things! We stand for an open, independent, sustainable, inclusive, and accessible web.

Administered by:

Server stats:

337
active users

#economy

151 posts61 participants5 posts today

#TradeWar Retaliation Will Hit #Trump Voters Hardest

As Trump imposes #tariffs on products from countries around the world, foreign govts are answering back w/tariffs of their own.

#China has targeted corn farmers & carmakers. #Canada has put tariffs on poultry plants & A/C manufacturers, while #Europe will hit American steel mills & slaughter houses.

#economy #USpol
nytimes.com/interactive/2025/0

The New York Times · Maps: Where Trump Voter Jobs Will Be Hit by TariffsBy Lazaro Gamio

Younger Americans don't have enough saved to cover a single month of spending, showcasing their vulnerability should the economy head into a downturn. Members of #GenZ spending twice the amount they had in savings on average in February. The ratio has increased in the past 2 yrs, and is much higher than for other generations...they tend to spend a bigger share of their incomes on necessities including #rent and #utilities. fortune.com/2025/03/14/gen-z-a #economy #economics #stockmarket #spending

Fortune · Gen Z Americans don’t have enough saved to cover a single month of spendingBy Augusta Saraiva

“Consumer sentiment is declining rapidly for HHs

•Consumer worries about losing their jobs are at levels normally seen during recessions

•A record-high share of consumers think business conditions are worsening

•HH’s income expectations are declining

•Inflation expectations are rising at an unprecedented speed

The bottom line is that consumer sentiment is
🚨DETERIORATING AT AN ALARMING RATE.”
-T Slok, economist at Apollo

#russia is definitely losing the #war against Ukraine, because they are making no significant progress, have a lot less territory occupied than in 2022, and #Ukraine continues getting stronger and receiving more support every month.

On the other hand, russia seems to be winning the war against the #US, as international allies are cutting down military dependency because of American traitors in the White House, and decoupling from their #economy because of self-harming tariffs.

For decades, New Yorkers knew that Trump and the Trump family f..ked everybody over, stiffing everyone they dealt with from contractors to lawyers.

So why would anybody think he’s unwilling to continue doing the same with American businesses and allies?

Replied in thread

"Instead, he’s reducing the value of everyone’s life savings. And now, just in these last two weeks, the mood is changing. Independents are starting to peel away. It’s only a matter of time before a firm majority of Americans wrap their heads around reality—and maybe not much time, at that.

#Musk #Trump #destruction #FederalGovernment #firings #workers #tariffs #StockMarket #economy #billionaires #EconomicElites #TaxCuts #Congress #Republicans
/17

Replied in thread

"The MAGA propaganda network insisted last year that Trump was a master of economic policy, even though he kept telling us the precise ways in which he was going to wreck the economy. It got just enough people to believe that he would magically reduce the price of everything on the shelves."

~ Michael Tomasky

#Musk #Trump #destruction #FederalGovernment #firings #workers #tariffs #StockMarket #economy #billionaires #EconomicElites #TaxCuts #Congress #Republicans
/16

newsletter.tnr.com/index.php?a

newsletter.tnr.comTrump and Musk are getting their butts royally spanked in the courtsFighting Words. What got me...