The US stock market’s recent nosedive has sent shockwaves through global markets. The Nasdaq Composite Index tumbled over 20% from its peak, dragging the tech sector into bear territory. In just two days, a jaw-dropping $47 trillion vanished from market values, with giants like Apple and Amazon shedding $13 trillion combined 💥. Is this the start of a long-term slump?
JPMorgan predicts a US recession by 2025, fueled by aggressive interest rate hikes and slowing growth. But economists say there’s another storm brewing: controversial US tariff policies. Experts warn these moves are backfiring, calling them 'economically illogical' and a ticking time bomb for inflation and trade wars.
🔍 Peter Boehringer of the Peterson Institute blasted past tariff calculations as 'completely fabricated,' while Dean Baker warns they’ll 'stifle growth and provoke retaliation.' Even middle-income families could feel the pinch as costs rise, says Maryland researcher Clay Ramsey.
With global markets on edge, analysts urge smarter policies to balance trade, inflation, and growth. Could 2024 be the year the world economy hits pause? 🚨 Stay tuned as we track how these decisions impact your wallet, job, and that new tech gadget you’ve been eyeing.
