Global economy shrugs off Trump’s tariffs
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Take, for example, the fact that after months of dismal jobs numbers and recession predictions, a recent White House press release touted the U.S. Bureau of Economic Analysis’ revision of second quarter GDP numbers as “explosive growth” for the economy — along with positive reactions from various financial experts.
The federal government shutdown, which began on October 1, is now in its third week with no resolution in sight.
Recently, global investment bank UBS announced that, after crunching some “hard data” from between May and July 2025, there’s a 93% chance of the U.S. entering a recession this year [1].
A range of factors has driven gold prices to record highs this year — a surge some Wall Street analysts think is likely to continue.
U.S. economic activity was little changed and employment was largely stable in recent weeks even as more businesses reported headcount reductions, the Federal Reserve said on Wednesday, reinforcing concerns about labor market softening.
The potential overvaluation of U.S. equities, largely driven by AI-bullish tech firms, has sparked fears of a dot-com-style crash.