https://www.cnbc.com/2025/06/10/wor...to-2point3percent-as-trade-tariffs-weigh.html
World Bank sharply cuts global growth outlook on trade turbulence
It also cut its 2025 growth forecast for the U.S. by 0.9 percentage points to 1.4%, and reduced its euro area GDP expectations by 0.3 percentage points to 0.7%.
Seems the US is marching itself and the global economy straight into a major recession as we warned. And noting that the real figures will be a lot worse (as they always are), things really are starting to unravel now at an increasing pace. I guess the "extremist bears" were right?.
Still won't stop the retail bulls piling into the next "pump" from CNBC because chasing markets that are over extended to record levels is the smart thing to do. Unlike the "extremist bears" calling for caution lol. After all the term "exit liquidity" is some bear propaganda, CNBC told me.
P.S. I guess things will end well since retail bulls are using the appropriate risk management? Think they call it FOMO, because apparently stocks only go higher?.
XJO - Bear Posts only (Factors which might cause the markets to fall), page-22986
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