🫧 Economist Warns the AI Bubble Is Worse Than Immediately Before the Dot-Com Implosion

｢ The difference between the IT bubble in the 1990s and the AI bubble today is that the top 10 companies in the S&P 500 today are more overvalued than they were in the 1990s ｣

https://futurism.com/economist-ai-bubble-worse-dot-com-implosion

#ai #bubble #recession

Japan might be in a technical recession already as the GDP appears to have declined for a second consecutive quarter. https://www.japantimes.co.jp/business/2025/07/24/economy/japan-possible-recession/?utm_medium=Social&utm_source=mastodon #business #economy #inflation #gdp #recession #japaneseeconomy #boj

Ouch. #Trump #tariffs take a $1 billion bite out of #GM earnings

#GeneralMotors' second-quarter core profit fell 32% to $3 billion on Tuesday, as the automaker continued to confront challenging #tariff policies, which it said sapped $1.1 billion from the results.

#economy #inflation #recession
https://www.reuters.com/business/autos-transportation/trump-tariffs-take-1-billion-bite-out-gm-earnings-2025-07-22/

Ouch. #Trump #tariffs take a $1 billion bite out of #GM earnings

#GeneralMotors' second-quarter core profit fell 32% to $3 billion on Tuesday, as the automaker continued to confront challenging #tariff policies, which it said sapped $1.1 billion from the results.

#economy #inflation #recession
https://www.reuters.com/business/autos-transportation/trump-tariffs-take-1-billion-bite-out-gm-earnings-2025-07-22/

🫧 Economist Warns the AI Bubble Is Worse Than Immediately Before the Dot-Com Implosion

｢ The difference between the IT bubble in the 1990s and the AI bubble today is that the top 10 companies in the S&P 500 today are more overvalued than they were in the 1990s ｣

https://futurism.com/economist-ai-bubble-worse-dot-com-implosion

#ai #bubble #recession

For decades, Republicans have pretended to be the "party of the private sector" by falsely claiming that the economy only adds government jobs under Democratic presidents.

Today's jobs report from ADP disproves that GOP talking point and shows once again that Democrats are the true party of private-sector job creation, which has slowed dramatically under Trump:

#Jobs#Economy#Unemployment#Trump#Recession#Tariffs#USPol

For decades, Republicans have pretended to be the "party of the private sector" by falsely claiming that the economy only adds government jobs under Democratic presidents.

Today's jobs report from ADP disproves that GOP talking point and shows once again that Democrats are the true party of private-sector job creation, which has slowed dramatically under Trump:

#Jobs#Economy#Unemployment#Trump#Recession#Tariffs#USPol

Looks like Apollo is calling a recession for Summer 2025. The Trump crew is already trying to blame Biden, but that's 100% horseshit. From what I gather this is unlikely to be reversible so brace yourself in whichever ways you can. There are suggestions this one may be worse than 2008.

https://www.apolloacademy.com/wp-content/uploads/2025/04/042625-ConsumerandFirms_v2.pdf (see page 4 for a summary of the timeline + expectation)

#USPol #USEconomy #recession #GreatRecession

"Trump voters are starting to turn on him because they took him seriously when he said he would lower costs and didn’t take him seriously when he said he’d act like a dictator. And now they are realizing the opposite is true."

~ Senator Chris Murphy

#Trump #tariffs #economy #recession#StockMarket #polls #immigrants
/11

https://www.reddit.com/r/MeidasTouch/comments/1k8hwjb/trump_voters_are_starting_to_turn_on_him_because/

"Trump’s 41% approval rating is the lowest for any newly elected president at 100 days dating back at least to Dwight Eisenhower – including Trump’s own first term."

~ Jennifer Agiesta and Ariel Edwards-Levy

If he could just find a nice church pew somewhere where he could chew gum and slumber. But we mustn't forget the business, tech, and media elites who inflicted him on us.

#Trump #tariffs #economy #recession#StockMarket #polls #immigrants
/12

https://www.cnn.com/2025/04/27/politics/approval-rating-trump-100-days/index.html

"Trump voters are starting to turn on him because they took him seriously when he said he would lower costs and didn’t take him seriously when he said he’d act like a dictator. And now they are realizing the opposite is true."

~ Senator Chris Murphy

#Trump #tariffs #economy #recession#StockMarket #polls #immigrants
/11

https://www.reddit.com/r/MeidasTouch/comments/1k8hwjb/trump_voters_are_starting_to_turn_on_him_because/

"The early reviews are in: Trump 2 is a box office disaster.

Trump has now matched his own record as the only president in modern history to post net negative approval ratings just 100 days into a term."

~ Taegan Goddard

#Trump #tariffs #economy #recession#StockMarket #polls #immigrants
/9

https://politicalwire.com/2025/04/27/an-unpopular-president-is-a-weak-president/

"He then called out the NY Times, Washington Post and Fox News by name and demanding they be 'investigated for ELECTION FRAUD' for these polls. (Trump left out the other recent polls that show the same horrible approval numbers such as Pew, Reuters, CBS and The Economist.) He added for bad measure that the media is 'ENEMY OF THE PEOPLE.'”

#Trump #tariffs #economy #recession#StockMarket #polls #immigrants
/7

"All of this actually [i.e., Trump's appalling poll performance] matters. And Trump—despite his obvious cognitive slide—gets it as well. That is why Monday morning he slammed the polls on social media as 'FAKE POLLS FROM FAKE NEWS ORGANIZATIONS.'”

~ Dean Obeidallah

#Trump #tariffs #economy #recession#StockMarket #polls #immigrants
/6

https://deanobeidallah.substack.com/p/trumps-collapsing-poll-numbers-matterwhich