Last night, financial carnage ripped through Asia.
Margin calls. Liquidations. Panic.
But this isn't just about Shanghai, Hong Kong, or Tokyo.
Behind the headlines is something far bigger — signs of global monetary deflation, dollar stress, and a carry trade unraveling through…
— Jeffrey P. Snider (@JeffSnider_EDU) April 8, 2025
Just talked with a source who consults to companies with revenues ranging from $100mil up to $15+ billion
ALL of them are freezing spending & cancelling orders right now until the tariff situation (hopefully) clears up
The current uncertainty will definitely slow economic…
— Adam Taggart (@adamtaggart) April 7, 2025
The bulls will make their last stand here.
And tell each other they will never sell.
Margin clerks will do that for them. pic.twitter.com/ydTK7ys9VD
— Mac10 (@SuburbanDrone) April 8, 2025
Holy fuck.
Vietnam, our best growing trade partner in SEA, who invested in helping us diversify away from Chinese supply chains, offered the US a zero tariff deal.
And Trump's team ***REJECTED*** it.
Wtf?!
How are countries even supposed to respond here.
Does the Trump admin… https://t.co/GJu2zXWRDV
— Adam Cochran (adamscochran.eth) (@adamscochran) April 7, 2025
Tariffs are fueling fears of a recession. What does it take to actually declare one?
A recession refers to a period of decline in economic activity. It’s one of the four stages of the economic cycle: growth, peak, contraction (or recession) and trough.
Some analysts use a rough rule of thumb to identify recessions: Two consecutive quarters of decline in a nation’s gross domestic product (GDP) — the broadest measure of economic activity.
But the National Bureau of Economic Research (NBER) — the nonpartisan, nonprofit research organization that has become the semi-official arbiter of recessions — uses a somewhat squishier definition. It calls a recession a “significant decline in economic activity that is spread across the economy and that lasts more than a few months.”