- Helpful reminder that this recession will be perhaps the first intentional one
- JPMORGAN: The “backpedaling” on China has cut the odds of recession “back to below 50%” — but “we still see the risks skewed to the downside given the damage already done to confidence and the risks that the trade war and other US policies (fiscal, .. regulatory) are not as friendly as hoped for.”
- But it will be the fourth economic catastrophe under Republican government in just the first quarter of the 21st Century.
And 30% is not nothing- Tariff rates are still ruinous.
- Anyone who looks honestly at the way in which Trump has dragged China to the negotiating table and already gained their long-needed cooperation on halting the flow of fentanyl will agree that his tariffs gambit worked as planned. Just a helpful reminder for the idiots on this platform..
- A small business I know that works on ad revenue from outdoor apparel makers is seeing as spending frozen over tariff fear. A small entrepreneur getting hurt and it will ripple to others.
