this post was submitted on 30 Apr 2025
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Economy
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Oh man we're in it deep
The US economy shrunk by 0.3% in Q1. However the tariffs only start to hit right now and they will be brutal. As in the US might end up with worse inflation then Argentina. Obviously that is going to crash consumption, which is what drives the US economy. Oh and Trump being as insane as he is managed to drive up treasury rates by his actions during a falling stock market. The US government is already spending like crazy and normal plan is to increase that during as crisis. The sane plan would be higher taxes for the rich, but that is not going to happen.
In other words: It is only getting started!
How long do you think before that level of inflation hits? I'm trying to move to Sweden but can't get a bank until I'm there, I'm hoping I can move my USD to SEK but don't know where to begin estimating how much time I have...
This article isn't about Amazon dropping 50% of it's shipping volume, it's about moving 50% of it's shipping volume to it's own delivery service. This would have happened in a Harris administration.
Already bought most of the electronics and other imported goods I plan on needing in the coming months. Not from Amazon when I can avoid it.
On a positive note, there's a big leopard eating Bezos' face rn.