#finance
Bonuses for Bankers, Bills for the Rest of Us
#finance
Bonuses for Bankers, Bills for the Rest of Us
Politicians love to lecture the rest of us about making sacrifices while bankers are out there cashing in bonuses big enough to make you question reality. These are the same bankers who, not too long ago, nearly wrecked the global economy and had to be bailed out with taxpayer money. And what do they get in return? A fat bonus, of course, for doing such a stellar job of not sinking the system again this year. It’s like rewarding someone for not setting fire to your house after they just got out of rehab for arson. Meanwhile, the rest of us are trying to figure out how to afford rent, but hey, at least the bankers' yachts are looking good.
Recession Odds Soar: Trump Tariffs Trigger 'Black Monday' Fears, 62% Chance of Economic Downturn
- Monday, 07 April 2025
According to Polymarket, the odds of the US plunging into recession this year have spiked to 62% due to President Trump’s latest round of international tariffs. The odds rose from 39% to 49% after the tariff announcement on April 2 and reached a high of 66% on Sunday, indicating a two-thirds chance of an impending recession. The market fears are reminiscent of "Black Monday" in 1987, with investors bracing for another major sell-off.
