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Icetoad 🍕 🎩 🐈
@icetoad.eth
Thoughts? It is honestly hard to be bullish about anything at the moment. This trade war and impending recession are going to keep things suppressed for good while.
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Stuart
@olystuart
Who knows with Trump chaos but I don't see any signs of a recession. It's possible the trade war and government budget cuts could lead to one but not necessarily.
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Icetoad 🍕 🎩 🐈
@icetoad.eth
The labor market had been in a precarious position even before the trade war and layoffs began. The USA hasn't been in a proper recession for 15 years and on average it sees a recession every 5.6 years, so it is overdue. Layoffs + inflation (in large part due to the trade war) + lower levels of trade + less government spending = recession. I'll bet you 3 ETH that the US is in a recession by the end of 2025.
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Stuart
@olystuart
Layoffs + inflation + gov spending not reducing but shifting to the capitalist pockets could mean huge profits for the ruling class leading to the cycle top first. Labor market suffering is great for those fuckers 😂
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Icetoad 🍕 🎩 🐈
@icetoad.eth
Government spending is being reduced in certain areas, but obviously still insignificant in regards to total spending and the deficit/debt. Labor market suffering means there is less money available to be spent by the working class.
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