A significant 83% of surveyed economists believe that the economic policies dubbed ‘Maganomics’—characterized by large tax cuts for the wealthy and import tariffs—will culminate in an economic crisis or crash. These policies, which also reflect the competing interests within the Republican party between nationalists and the techno-right, are seen as a risky mix. Jonathan Portes, an economist, highlighted the dangers of this combination. The statistics from the survey underscore a strong consensus among experts on the potential negative outcomes of these economic strategies.
farzaneh sadat hosseini
@farzanehhosein1
·
4h American Economist, Richard Wolff Predicts U.S. Economic Collapse“The American empire is over. Our peak was 12-15 years ago, and now we’re in decline.The #US has record-high corporate, personal, and government debt. Govt debt now exceeds annual production—unseen in the 20th
4st
@l__lcapmgmt
·
Mar 9 Hmmm
Since ’22, my convictions have leaned toward a full blown economic contraction (recession) by 2025, which has seemed increasingly likely. But there’s also a chance tariff chaos resolves and we go irrationally higher. Here’s an interesting (nearly) worthless chart
Oguz O. | 𝕏 Capitalist
@thexcapitalist
·
9h This man sees the future.He predicted the Great Recession and Covid Bubble before anybody.He now thinks the US debt will see a demand shock.Here is Ray Dalio’s latest waring:
Xremlin
@0x_gremlin
·
Mar 8 Predictions:Economic Policy Institute: “Economists from the Economic Policy Institute have expressed concerns that the current fiscal policies may lead to a recession, citing widespread confusion and uncertainty due to inconsistent tariff policies. This economic downturn could
SYSbreaktheTEM
@JuandeBermudez1
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Mar 10 Today there’s a panic, that was predicted in February 2025. -> Economists are starting to worry about a serious Trump recession. “It seems almost unavoidable that we are headed for a deep, deep recession,” Jesse Rothstein, Berkeley professor
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