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Rhiannon12866

(244,742 posts) Sat Oct 4, 2025, 06:26 AM Oct 4

Bessent says U.S. GDP could take hit due to shutdown - The 11th Hour - MSNBC

Treasury Secretary Scott Bessent warned Thursday that U.S. GDP could be in jeopardy due to the shutdown. Max Chafkin and Natasha Sarin join The 11th Hour to discuss the risks ahead. - Aired on 10/03/2025.

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Bessent says U.S. GDP could take hit due to shutdown - The 11th Hour - MSNBC (Original Post) Rhiannon12866 Oct 4 OP

Recession is already underway, that's why Fed cut interest rates bucolic_frolic Oct 4 #1

Interestingly, Bessent was a vital lieutenant to George Soros, who later helped him start a company. . . . nt Bernardo de La Paz Oct 4 #2

I read an article on DU or Marketwatch saying expect a 0.1 pcent cut to GDP each week of shutdown. . . . nt Bernardo de La Paz Oct 4 #3

bucolic_frolic

(52,762 posts)

1. Recession is already underway, that's why Fed cut interest rates

Reply to Rhiannon12866 (Original post)

Sat Oct 4, 2025, 06:49 AM

Oct 4

Because of AI boom it may be short-lived or markets may continue to rise due to that plus reflation.

David Rosenberg in his email promos says 3 cuts or more by next summer or so. Hide out in long term T-bond funds.

Prehn says buy defense stocks, dozens of names, and India has carved out nice exemptions from tariffs.

Bessent believes he's smart because he's rich. Just ignore him.

Bernardo de La Paz

(59,507 posts)

2. Interestingly, Bessent was a vital lieutenant to George Soros, who later helped him start a company. . . . nt

Reply to bucolic_frolic (Reply #1)

Sat Oct 4, 2025, 08:17 AM

Oct 4

Bernardo de La Paz

(59,507 posts)

3. I read an article on DU or Marketwatch saying expect a 0.1 pcent cut to GDP each week of shutdown. . . . nt

Reply to Rhiannon12866 (Original post)

Sat Oct 4, 2025, 08:18 AM

Oct 4

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