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Americans are growing more pessimistic about the economy
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A new Wall Street Journal-NORC poll shows nearly 70% say the American dream either no longer holds true or never did
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It's the bleakest reading in 15 years of polling. And now, a new warning
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Moody's chief economist, Mark Zandi, says the U.S. is on the brink of recession
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He tells Newsweek that red indicators are flashing in housing, employment, and consumer prices
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We're not there yet, he says, but a downturn could hit by year's end if layoffs begin to spike
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Zandi points to President Trump's tariffs and tougher immigration policies as factors freezing payrolls
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with businesses taking a wait-and-see approach. But he also notes the economy's fundamentals remain strong
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and growth in states like California and New York could help the country avoid a full-blown recession
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The poll also shows another big gap. Just 17% of Americans think the U.S. has the world's strongest economy
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while nearly 40% say that other countries are doing better, a 15-point jump since 2021
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Donald Trump has dismissed the gloom, calling the U.S. economy the hottest on Earth
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