What Would Be Worse Than a Recession?
The loss of America’s economic hegemony
Annie Lowrey
Annie Lowrey is a staff writer at The Atlantic. She is the author of Give People Money, which was shortlisted for the Financial Times and McKinsey Business Book of the Year Award. Prior to joining The Atlantic, she was a staff writer for The New York Times and New York magazine, as well as the Moneybox columnist for Slate. At The Atlantic, she writes about the economy and politics.
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Illustration by The Atlantic; Sources: malerapaso / Getty Trump Is Flirting With Economic Disaster
By threatening the independence of the Federal Reserve, the president risks undermining many of his key goals.
Samuel Corum / Bloomberg / Getty The Cost of Chaos
The Liberation Day pause is better than the Liberation Day policy itself was. But Americans are getting a raw deal one way or another.
Timothy A. Clary / AFP / Getty The Only Way to Stop the Financial Crisis
Trump isn’t listening to what the stock market is telling him. He’s not negotiating with foreign leaders in good faith. He’s not hearing what corporate CEOs are saying.
Michael Nagle / Bloomberg / Getty Here Are the Places Where the Recession Has Already Begun
Towns near the Canadian border are suffering.
Katsarov Luna / Bloomberg / Getty The Tariff Man Is Coming for America’s Entrepreneurs
One small business has paid nearly $30,000 in the past two months.
Illustration by The Atlantic. Sources: lillisphotography / Getty; Holy Polygon / Getty. There Are Two Kinds of Credit Cards
Yet another way the poor are subsidizing the rich
Illustration by The Atlantic. Source: Getty. Don’t Invite a Recession In
Chaos, tariffs, and nervous consumers
Spencer Platt / Getty The Taxpayers Are Going All In on Crypto
This isn’t an investment; it’s a giveaway to Trump’s supporters.
Illustration by Akshita Chandra / The Atlantic. Source: Getty. It’s Weird That Eggs Were Ever Cheap
What were we thinking, buying so many of these fragile, messy, remarkable ovals?
Illustration by The Atlantic. Source: stilllifephotographer / Getty.
