“Trump did get some good economic news on Friday when the U.S. Bureau of Labor Statistics (BLS) announced that the American economy created an unexpectedly strong 228,000 new jobs during the month of March.”
Somehow I think Will will be ignoring the BLS revision when it comes out, unlike when they came out during every month of the previous administration.
Have the penguins caved on the tariffs? Stable genius!
This is intentional. Trump is driving down the market so that he and his billionaire buddies can buy up stock cheap. This is the biggest scam in history. The top 1% will not be affected while millions of middle class Americans see a drastic reduction in their lifestyle. Nero fiddled while Rome burned, Trump golf’s while America burns.
Our economy was likely to go into recession, regardless of tariffs or who the president is. When all of the stimulus checks first went out, Americans’ personal savings balances were at all time highs. All of that extra cash in the money supply created massive inflation. Higher prices did not really dampen our country’s unquenchable thirst for consumption, so we kept spending. Now, savings balances are at an all time low, and credit card balances are at an all time high. With no cash or available credit, spending will have to slow. Wage growth hasn’t kept up with inflation, so it’s going to be hard to pay for essentials and keep up with payments on all of the outstanding credit. Credit card defaults will increase, so banks will probably be the first to lose. It’s not really a question of whether we have a recession coming. It’s a matter of how bad it will be.
I cannot say I agree with all of your proposition, however, even if you are right the Tariffs still make things worse. The Tariffs will drive up prices even without an increase in demand. Generally, the Fed can stave off or minimize recession, by lowering interest rates to stimulate the economy. This does not cause massive inflation because falling demand drives down prices and the stimulus restores the demand. But with Trump’s Tariffs prices will go up while demand is falling. This will prevent the Fed from lowering interest rate to stimulate the struggling economy, and the recession will be much worse and longer.
This is one of the dumbest thing a President has done in the last century.
5 comments
“Trump did get some good economic news on Friday when the U.S. Bureau of Labor Statistics (BLS) announced that the American economy created an unexpectedly strong 228,000 new jobs during the month of March.”
Somehow I think Will will be ignoring the BLS revision when it comes out, unlike when they came out during every month of the previous administration.
Have the penguins caved on the tariffs? Stable genius!
When it fails he will blane that lunatic Lutnick and that bozo Besset. Or he could juust blame it all on Sleepy Joe!
This is intentional. Trump is driving down the market so that he and his billionaire buddies can buy up stock cheap. This is the biggest scam in history. The top 1% will not be affected while millions of middle class Americans see a drastic reduction in their lifestyle. Nero fiddled while Rome burned, Trump golf’s while America burns.
Our economy was likely to go into recession, regardless of tariffs or who the president is. When all of the stimulus checks first went out, Americans’ personal savings balances were at all time highs. All of that extra cash in the money supply created massive inflation. Higher prices did not really dampen our country’s unquenchable thirst for consumption, so we kept spending. Now, savings balances are at an all time low, and credit card balances are at an all time high. With no cash or available credit, spending will have to slow. Wage growth hasn’t kept up with inflation, so it’s going to be hard to pay for essentials and keep up with payments on all of the outstanding credit. Credit card defaults will increase, so banks will probably be the first to lose. It’s not really a question of whether we have a recession coming. It’s a matter of how bad it will be.
I cannot say I agree with all of your proposition, however, even if you are right the Tariffs still make things worse. The Tariffs will drive up prices even without an increase in demand. Generally, the Fed can stave off or minimize recession, by lowering interest rates to stimulate the economy. This does not cause massive inflation because falling demand drives down prices and the stimulus restores the demand. But with Trump’s Tariffs prices will go up while demand is falling. This will prevent the Fed from lowering interest rate to stimulate the struggling economy, and the recession will be much worse and longer.
This is one of the dumbest thing a President has done in the last century.