These things are related:
CEO confidence sinks to lowest level since 2016
Federal Reserve announces 2nd consecutive rate cut
We’re so eff’ed in the dark.
Hello TG. And the predicted economic recession begins. Anyone could see this coming with our TV show businessman president doing all he can to kill the economy. Hugs
What did we do, to deserves such a PresiDunce???
It’s not so much whether a recession will occur as it is “when”. We are, by historical standards, way overdue for a standard business recession though Trump’s trade wars may yet get us there. The US is not as exposed economically to external (overseas) factors as it used to be, mainly due to Obama’s (and Clinton’s) climate and environmental measures that have reduced our petroleum consumption (of course Trump is trying to reverse this in CA (he will definitely lose, BTW). So, the impact of the Saudi refinery explosions on the US economy is likely pretty small. What is more uncertain is a potential debt crisis if China tries to pressure Trump by dumping its dollar holdings. The other precipitating factor would be war with Iran. Amazingly, Trump actually gets that this would be a bad idea (though he has been consistent about not getting into yet another war.)
You know America is in trouble when the bilge is full and water is climbing higher while Captain Custerfuck is opening the sea-cocks to let the water run out.
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