Trump has an unprecedented 12 billionaires for his administration. Tariffs go in effect tomorrow on Canada, Mexico and China. And the markets don't seem to be worried.
This will be an interesting experiment.
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HitRed wrote:Trump has an unprecedented 12 billionaires for his administration. Tariffs go in effect tomorrow on Canada, Mexico and China. And the markets don't seem to be worried.
This will be an interesting experiment.
HitRed wrote:Recession is already baked in.
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His team has huge amounts of experience, connections and confidence. And the power of the presidency. And the power of the USA. And the leading market in the world. We have never had a presidency so business oriented. It isn’t all money though. Stopping the fentanyl epidemic would help all the countries.
It should be an interesting experiment.
Pack Rat wrote:HitRed wrote:Recession is already baked in.
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His team has huge amounts of experience, connections and confidence. And the power of the presidency. And the power of the USA. And the leading market in the world. We have never had a presidency so business oriented. It isn’t all money though. Stopping the fentanyl epidemic would help all the countries.
It should be an interesting experiment.
Please explain how the recession is already baked in. Oh...I see! It's all Biden's fault!
HitRed wrote:Trump has an unprecedented 12 billionaires for his administration. Tariffs go in effect tomorrow on Canada, Mexico and China. And the markets don't seem to be worried.
This will be an interesting experiment.
HitRed wrote:
Steve Hanke
https://fred.stlouisfed.org/series/fedfunds
Since 1980 when the Fed raised rates then reversed rates the gray areas (recession) happened. It’s a strong correlation. The number of months till it happened varies. We are long in the tooth to have one.
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