Wall Street Breakfast Markets on full recession alert
Mar 10, 2025
Markets are on edge as fears of a recession loom, driving a significant sell-off. Tariff uncertainties are adding to the turmoil, leading hedge funds to abandon their trades in China. Meanwhile, Xpeng is making headlines with ambitious promises of flying cars and humanoid robots by 2026. In the midst of this chaos, major mergers like Rocket's acquisition of Redfin signal shifting dynamics in the industry. Experts weigh in on government spending and its impact on future economic prospects.
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Recession Alert
- Markets are signaling a potential economic slowdown.
- Stock and bond yields are declining due to tariff uncertainty and government layoffs.
Recession Perception
- Economist Dario Perkins suggests the current U.S. administration may have a distorted view of recessions.
- This is because the last real U.S. recession was 17 years ago, and the COVID-19 downturn was atypical.
Bond Market Focus
- The bond market appears to be prioritizing long-term growth prospects over short-term inflation worries.
- Kathy Jones highlights this shift in focus amidst trade and immigration concerns.