{"id":16929,"date":"2025-03-10T04:31:43","date_gmt":"2025-03-10T04:31:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16929"},"modified":"2025-03-10T04:31:43","modified_gmt":"2025-03-10T04:31:43","slug":"lutnick-plays-down-recession-fears-as-btc-lingers-in-80k-range","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16929","title":{"rendered":"Lutnick Plays Down Recession Fears as BTC Lingers in 80K Range"},"content":{"rendered":"
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Treasury Secretary Howard Lutnick insists the U.S. economy is on solid footing despite concerns from Wall Street that a recession is in the cards.<\/p>\n

\u201cAbsolutely not,\u201d he said on a Sunday edition of Meet the Press<\/a> when asked if Americans should prepare for a downturn.<\/p>\n

“There’s going to be no recession in America,” he continued. “It’s like the same people who thought Donald Trump wasn’t a winner a year ago. Donald Trump is a winner. He’s going to win for the American people.”<\/p>\n

A recession is two consecutive quarters of economic contraction, caused by imbalances from external or internal factors, or combination of both. <\/p>\n

This argument contradicts comments made by the President earlier, who didn’t rule out a recession, calling it part of a transition<\/a>.<\/p>\n

Lutnick argued that Trump\u2019s tariff strategy will force other countries to lower their trade barriers, unleashing American growth and driving $1.3 trillion in new investment.<\/p>\n

\u201cWe\u2019re going to unleash America out to the world,\u201d he said in response to warnings from JPMorgan and Goldman Sachs about a tariff-induced recession. \u201cYou are going to see over the next two years the greatest set of growth coming from America.\u201d<\/p>\n

While Lutnick acknowledged that tariffs could make foreign goods more expensive, he framed them as part of a broader effort to cut the deficit and lower borrowing costs.<\/p>\n

\u201cWhen you balance the budget\u2026 you drive interest rates down 150 basis points. Mortgages come smashing down. The cost of your home will come smashing down,” he said.<\/p>\n

Crypto traders, however, don’t seem to have the same optimism.<\/p>\n

Bitcoin (BTC) fell 7% on Sunday<\/a>, dropping to $80,000 and nearing its 2025 low of $78,000.<\/p>\n

Ether (ETH), Solana (SOL), and XRP (XRP) followed, while meme coins like Dogecoin (DOGE) and Cardano (ADA) tumbled nearly 12%.<\/p>\n

On Polymarket, bettors are increasingly bracing for a slowdown, although the chances of one occurring remain slim.<\/p>\n

A contract<\/a> asking about the probability of a U.S. recession in 2025 has seen the Yes odds jump to 41%, a 16% increase in recent weeks.<\/p>\n

\"\"<\/p>\n

Meanwhile, the latest U.S. jobs report showed 151,000 jobs added in February<\/a>, CoinDesk recently reported, roughly in line with expectations, although the unemployment rate ticked up to 4.1% and January\u2019s job gains were revised lower.<\/p>\n

However, layoffs in the public sector as part of the White House’s DOGE efforts may push these numbers up next quarter.<\/p>\n

While labor market resilience has kept recession calls at bay, signs of slowing growth are emerging, with the Atlanta Fed\u2019s GDPNow model forecasting a negative 2.8% Q1 growth rate.<\/p>\n

However, another contract<\/a> gives just 3% chance of a recession happening before May. The first quarter ends March 31.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Treasury Secretary Howard Lutnick insists the U.S. economy is on solid footing despite concerns from Wall Street that a recession is in the cards. \u201cAbsolutely not,\u201d he said on a Sunday edition of Meet the Press when asked if Americans should prepare for a downturn. “There’s going to be no recession in America,” he continued. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16929","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16929"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16929\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}