2 Bloomberg: It’s all driven by fears of a #stagflationary shock that could develop if higher #oil #prices ignite #inflation and undercut #economicgrowth. 🧵 #markets
“It’s becoming increasingly clear that there’s a third major #stagflationary force coming into play: Soaring #electricity #prices, which will also hurt #growth while increasing #inflation.” paulkrugman.substack.com/p/kilowatt-m...

Kilowatt Madness
Kilowatt Madness

Trump’s electricity crisis — and ours

Paul Krugman
#deportations are a #stagflationary impulse to the #economy, resulting in lower #employment growth and higher #wage #inflation.” - Torsten Slok, chief economist Apollo Global Management
US services growth ‘stalling’ as recession looms large

April saw services' lowest level of growth in business activity in nearly 18 months, according to the latest US PMI. 

City AM
How You Can Prepare For Further Tariff-Related Economic Turmoil

Many American consumers are worried about their finances and how tariffs will increase prices. One expert explained that developing a budget and an emergency fund can help shield consumers from tariff-related inflation.

Investopedia
Trump’s handling of tariffs and inflation nosedives his economic approval rating to the rock bottom of his entire presidential career

A survey of 1,000 Americans showed Trump with 43% approval and 55% disapproval rating on his handling of the economy.

Fortune