Trade wars aren’t the real threat, South Korea’s collapse signals global disaster.
While everyone's still blaming trade wars for the global slowdown…
The truth is far more dangerous.
South Korea — one of the world's largest economies — was already collapsing before the first tariffs even hit.
✅ GDP negative for a full year
✅ Bailouts launched in a…— Jeffrey P. Snider (@JeffSnider_EDU) April 26, 2025
US recession probabilities are rising:
1-year recession odds priced by the S&P 500 earnings yield and the BBB-rated corporate bond spread have jumped to 60%, the highest since 2022.
Over the last few weeks, the probability of a downturn has TRIPLED.
In the past, every time… pic.twitter.com/BWQvv2X5r5
— The Kobeissi Letter (@KobeissiLetter) April 26, 2025
1st quarter GDP looks bad at .4% and the tariffs haven’t even kicked in yet.
This might be the year we finally get our recession. pic.twitter.com/oQAvUibeWw
— QE Infinity (@StealthQE4) April 26, 2025
Leading recession indicator hits lowest level since 2008 pic.twitter.com/7ApKTLrYz2
— Darth Powell (@VladTheInflator) April 26, 2025