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Foreign Affairs

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2naSalit

(105,006 posts)
Fri Jun 12, 2026, 07:06 PM Jun 12

USA in PANIC - Market Crashes, China Takes Tourism Crown, Economist: Fed Must Give Bad News - House of El [View all]



When a strong jobs report crashes the market, China overtakes America in tourism, and The Economist warns the Fed must deliver bad news to Trump, the data is telling a story no administration can spin away.

📉 The Nasdaq fell 4.18% after a strong May jobs report erased hopes for interest rate cuts.
🏦 The Federal Reserve is trapped between inflation, market instability, and a slowing economy.
🔥 Oil above $100, sticky inflation, and high Treasury yields are forcing markets to reprice violently.
💸 Nvidia lost $300 billion in one session as the semiconductor and AI trade came under pressure.
🇨🇳 China has overtaken the United States as the world’s largest travel and tourism economy.
✈️ The “Trump slump” in US tourism reflects travel bans, visa scrutiny, enforcement fears, and declining global confidence.
⚠️ The prediction: the Fed either holds with hawkish guidance or hikes — and either path brings more pain.
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