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“特朗普衰退”引爆美国社交媒体新风潮:学习如何过好苦日子

The "Trump recession" has sparked a new trend in USA Social Media: learning how to survive tough days.

Breakings ·  Apr 27 05:39

In response to concerns about an economic recession caused by President Trump's misuse of tariffs, many USA netizens are exchanging a skill on Social Media: how to get by during an economic downturn. Megan Way, an associate professor at Babson College studying household and intergenerational economics, states that during times of economic tightening, such collective knowledge-sharing behaviors are quite common. During the subprime crisis, discussions on cutting expenses or extending food storage time typically occurred between neighbors, but with the rise of Social Media, it is logical that these conversations have moved to the "digital square". As a reference, the recently released consumer confidence Index from the University of Michigan has dropped to one of the lowest levels in over 70 years. Harvard University professor and former USA Treasury Secretary Lawrence Summers commented on Friday that the first hundred days of Trump's presidency this year may be the most unsuccessful of any newly appointed president in the USA since World War II. This is not a conclusion of any individual or party perspective but rather a market judgment. Summers also criticized that when a country's president appears to be driving affairs towards unconsidered populism, contrary to all economic wisdom, bad things will happen.

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