Noting that the well-regarded University of Michigan consumer-sentiment index released yesterday shows consumer confidence falling for the fourth straight month, dropping 11% from March, Heather Cox Richardson writes,
"This level of consumer sentiment is the second lowest since the index began in 1952."
#Musk #Trump #DOGE #economy #recession #tariffs #StockMarket #consumers #ConsumerConfidence
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"There’s a lot of circumstantial evidence for massive insider trading around last week’s tariff announcement; the big beneficiaries from the latest move are companies that made big donations to Trump. …
We’re turning into a nation where policies are ill-considered and constantly changing, and business success depends not on what you know but on who you know and whether you pay them off."
~ Paul Krugman
#Trump #economy #tariffs #StockMarket #InsiderTrading
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https://paulkrugman.substack.com/p/the-trump-tariffs-just-got-even-worse
"He’s behaving like a predator, wreaking havoc because he can, motivated mainly by ego and impulse that the thin veneer of weak rationale ought not to obscure. …
The biggest lie Trump and Vance told America in 2024 was that they cared about the well-being of ordinary people."
~ Jonathan Weiler
#Musk #Trump #DOGE #economy #recession #tariffs #StockMarket #consumers #ConsumerConfidence
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https://jonathanweiler.substack.com/p/corruption-cruelty-and-chaos
Ben Meiselas reports on an interview he did with Elizabeth Warren about Trump's economic "policy" and insider trading with the tariff chaos. He notes:
"What we’re witnessing isn’t leadership. It’s a billionaire boys club strip-mining the country while they cackle over champagne and pink slips."
#Musk #Trump #DOGE #economy #recession #tariffs #StockMarket #InsiderTrading #chaos
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https://www.meidasplus.com/p/sen-elizabeth-warren-on-evidence
"Senator Warren laid it out clearly: someone made billions off that timing. If those trades were based on inside info, that’s not just unethical—it’s criminal. But as she reminded us, under the Trump regime, the DOJ and SEC are too busy disappearing migrants and chasing MAGA fantasies to investigate obvious white-collar crimes."
#Musk #Trump #DOGE #economy #recession #tariffs #StockMarket #InsiderTrading #chaos
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