U.S. economy stalled in May, Fed survey finds

[BlueWavePsych]

Source: Marketwatch

The U.S. economy slowed to a crawl in May, with consumers pulling back on spending and businesses delaying hiring, according to the Federal Reserve‘s Beige Book survey released Wednesday.

According to the report, nine of the 12 Fed districts reported contraction in economic activity or no change in growth. The remaining districts saw slight growth.
...
In the real-estate sector, home sales were reported as little changed, and most districts reported that home construction was flat or slowing.
...
“On balance, the outlook remains slightly pessimistic and uncertain,” the survey said.


Read more: https://www.marketwatch.com/story/u-s-economy-stalled-in-may-fed-survey-finds-94f58d39

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[slightlv]

1. I still say we're going to be subjected to the

Trump's Great Depression 2.0, unfortunately we won't have an FDR following trump's Hoover act to pull us out of it. And, with FDR, we also had a war economy. Today, thanks to the precedent of GW Bush, a war economy is put on America's credit card...

[Initech]

2. Hey, haven't you heard, they're forcing a recession on us and we must feel the hurt, because golden age is coming!

Fuck these morons. We need to vote every single MAGA moron out of office NOW.

[mdbl]

9. Actually they're trying for another Guilded Age.

[Yo_Mama_Been_Loggin]

3. Heckuva job Trumpy

[ffr]

4. Yet another REPUBLICAN RECESSION on its way! FAFO

And 39% approval from Latinos for Krasnov? Are you kidding me? Has his support dropped by 4% because he's only kidnapped and deported 4% of his base thus far? Does he need to deport the other 39% before all of his Hispanic supporters are gone? Or will a republican recession accelerate that in any way?

JHC!!!

[Volaris]

5. Not sure..if his tarriffs are illegal, AND this defecit timebomb blows up in their face,

We're BASICALLY where we were in December, and with those UNcertainties gone, this will still be Bidens Economy, no matter how much trump wants us to believe otherwise.
What damage will be done, will be the results of DOGE Cuts, and that's easy to blame on the right people...

[lostnfound]

8. Much more than tariffs. Government layoffs, tax policy & deficits, crypto reserves...erratic governance, damaged trave...

I’m sure there’s more.
Most recent credit rating downgrade was triggered by projected deficits from the billionaire tax cuts.

[Ol Janx Spirit]

6. I really wish somebody had predicted this! /s

I hope somewhere there is an office space full of smart Democratic operatives cranking out some really good social media and conventional ads to take advantage of the inevitable economic contraction--and every other thing Biden/Harris predicted would happen during the campaign.

There is video of the predictions. We need to be seeing it every day from now until November of next year.

[wolfie001]

7. Yet WS still marches on

They're so happy they have a fellow racist, whites only President in "charge". He's doing everything that most of them love yet they'd never say so publicly. Total meltdown is the only thing that'll force them to change course.