Oh, what mischief doth brew in the land of the free! Our very own Polymarket, the jesters of decentralized event trading, now wager a grim 41% chance of an American recession, all thanks to His Majesty, President Donald Trump, who hath not ceased his merry dance of bold decisions since his coronation in January 2025. 🎭👑
Pray tell, dear readers, how did we arrive at such a jest? Well, the jesters have found themselves deeply embroiled in this mirthful bet, with a sum total of $352k gambled away as of the 12th day of March. Lo and behold, the jest has turned serious, with the odds of financial gloom rising over 21% in mere weeks! 🎲💰
Alas, the specter of financial famine looms large, for Trump’s earth-shattering edicts, from sweeping tariffs to the sackings of many a civil servant, threaten to choke off the lifeblood of our economy. Consumer spirits have plummeted, and even the wise sages of the Conference Board’s Leading Economic Index (LEI) have seen their visions clouded with foreboding. 🙁📉
More woe follows, with the Atlanta Fed’s dire prediction of negative growth for the first quarter of 2025, a yield curve gone awry, and a downtrodden populace. These ill omens have only fanned the flames of recession speculation. 😱📉
And lo, the whispers of recession have reached the hallowed halls of X, where the wise and the foolish alike debate the future of our nation’s purse. Trump’s latest capers have drawn the ire of many an economic sage. 🗣️💰
One such prophet, Peter Schiff, doth declare that the American economy hath already slipped into the abyss of recession, and it grows darker still. 🌕📉
As the recession we are already in gets worse, both inflation and long-term interest rates will rise. If the Trump administration and investors think the silver lining of a trade war and recession will be lower inflation and long-term bond yields, they’re in for a huge surprise.
— Peter Schiff (@PeterSchiff) March 11, 2025
“If the Trump administration and investors think the silver lining of a trade war and recession will be lower inflation and long-term bond yields, they’re in for a huge surprise,” saith Schiff, with a wag of his finger. 🤚🤔
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2025-03-12 15:01