Summary
Economists warn that the risk of a U.S. recession is rising due to Trump’s unpredictable tariff policies.
Wall Street stocks fell sharply Monday, with the S&P 500 down 2.4%. Trump refused to rule out a recession, instead claiming it’s a “period of transition.”
Goldman Sachs raised recession odds from 15% to 20%, and Morgan Stanley cut its 2025 GDP forecast. Consumer confidence hit a four-year low, and the U.S. trade deficit widened to a record $131 billion.
Analysts say Trump’s tariff policy is fueling uncertainty and economic instability.
I was going to drop a bunch of cash on a mortgage prepayment and renegotiate with that
Now I’m going to let it ride.