by Michael Snyder
The Economic Collapse Blog
Is the U.S. economy headed for a recession? Nobody can deny that consumer confidence is plummeting, home sales are way down, mass layoffs are being conducted all over the nation, thousands of stores are closing, and a global trade war has erupted. Meanwhile, the Atlanta Fed’s GDPNow model is currently projecting that the U.S. economy will shrink at an annualized rate of 1.8 percent during the first quarter of 2025. Needless to say, none of these are good signs.
In recent weeks, the corporate media has been running lots of stories about how the odds of a recession are suddenly surging. Here is one example from NBC News…
Trade tensions have torn into the markets. With stocks sliding into correction territory in the last week, a question emerges: Is a recession next?