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US Economy Shrinks 0.2% on Weaker Spending, Larger Trade Impact
(www.bloomberg.com)
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this post was submitted on 30 May 2025
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While -0.2% sounds like more evidence for the nothing-ever-happens gang, it had increased in both 1Q 2024 and 4Q 2024, marking the start of a downward trend. The last time it went down was in 2022 coming out of COVID.
for sure. it doesn't seem like a big deal, until one realizes a fundamental underlying premise of US political economy relies on infinite growth.
indeed, a lot of indicators portray not expanding fast enough is a "bad" sign. so no expansion or even shrinkage is basically "it's fucked" and is supposed to be associated with like historic financial crisis.
Internally my company has been behaving like the next Great Depression is happening.
All companies have been acting that way for a long time, look at the alleged surge in profits and they still lay everyone off left and right and avoid hiring like the plague.
Sure, but specifically we’ve stopped buying laptops and other capital expenditures so we don’t have to lay people off in case things get really bad this fall.