Meaning the TACO back and forth action delayed the actual full brunt of the tariffs till the beginning of August. I could not see Trump taking June and July to hesitate.
Unemployment is getting more problematic.
The housing market has begun to slump.
The US debt is rising by over $2 trillion per year.
Without raising corporate taxes the US economy will go over the edge.
The odds the US government defaults on the debt should be of major concern.
@DrBob2 There has been a delay. Things are beginning to get worse. Expect the worst.
Iâve felt that way for a long time. I remember back in the Obama era singing âSixteen trillion and what do you get? Another day older and deeper in debtâ.
Over the decades Iâve come to the conclusions that a) it doesnât make a significant difference which party is in control â the debt keeps going up â b) I could be wrong and c) I have no leverage to make a difference.
WSJ had article yesterday that boxboard (corrugated boxes) are closing due to slowing economy. (But also Amazon reducing use of boxes. Also plants are old and need major investment to continue.). Rail shipments down a bit.
Everyone agrees economy is slowing. Interest rate cuts will help. Tech sector continues to prosper so far. How does anyone guess the net gdp result?
The âParty in Controlâ is that of the financiers of political elections seeking payback â the party of soft corruption and anti-democracy. They fund both parties, and the return on that investment can be immense.
The U.S. economy is very close to falling into a damaging contraction â and many states are already experiencing a recession, according to Mark Zandi, chief economist at Moodyâs Analytics.
Zandi estimates that 22 states plus the District of Columbia are now experiencing persistent economic weakness and job losses that are likely to continue. Another 13 states are treading water, he noted.
problems are driven largely by a mix of slowing immigration, increasing tariffs and federal job cuts, Zandi argues
Looks like our federal policies are having an impact.
Those guys had the apparatus. Its been hijacked. Those guys just dont want to pay taxes. Otherwise the rational ones voices have been drowned out. Most of them were flying blind.
When we forecast a recession in our poll, we probably didnât have âstarts middle east warâ in our journals from the peace, antiwar candidate (if you did, congrats).
But we all did have low ethics and dim, so still counts.
I suppose we just had to get a good start on wars in our own cities before we went international.