> “Global growth and trade are under threat,” said Paul Donovan, chief economist at UBS Global Wealth Management, adding that Trump’s policy on tariffs has been “unpredictable”.
🤦♀️ I can think of quite a few people, an entire party even, that could’ve told you guys this
You mean the President of the United States not only endorsing, but actively *manufacturing* a recession isn’t good for the economy? Huh, who knew…
Also, has there ever been a President who has willingly tanked the economy and said it was a good idea?
bmoredoc on
It really is the chaos and uncertainty more than anything at this point.
Listen, a 20% tariff is bad for long term growth, but if its stable you can shift production around a bit, invest in a new plant or two, and move on.
But if you don’t know what the tax policy will be in a week? A month? Forget a year! And it apparently can be changed on a whim. And the President has just destroyed all credibility – you absolutely cannot trust any final decisions.
So you decide to wait it out. Pull back on a new investment. Slow hiring. See what happens.
And when everyone decides to do that at the same time? They call that a recession.
golden-caterpie on
Cool! With this and the inevitable social security cuts, I won’t have to retire.
17 Comments
*but deregulation*
fell_for_it_again.jpg
Congress needs to reign in the Presidents Tariff authority
https://preview.redd.it/wxtf31mrfvne1.png?width=512&format=png&auto=webp&s=9684784f56d70eba708af8af2be9e65cbd6df4b2
> “Global growth and trade are under threat,” said Paul Donovan, chief economist at UBS Global Wealth Management, adding that Trump’s policy on tariffs has been “unpredictable”.
🤦♀️ I can think of quite a few people, an entire party even, that could’ve told you guys this
At least you didn’t vote for Cacklin Kamala tho!
https://preview.redd.it/lg1mz2nhgvne1.jpeg?width=763&format=pjpg&auto=webp&s=ebfdb587846c9b65c1240cae5211bb1b655b8d8a
https://preview.redd.it/6gx9rshtgvne1.jpeg?width=1170&format=pjpg&auto=webp&s=ff7bef0d543bafdf6c04561e07b10890337fc363
The Trump Slump.
Biden is sitting back thinking “Miss me yet?”
https://preview.redd.it/4o86f2shhvne1.jpeg?width=1192&format=pjpg&auto=webp&s=34217a352dfe3ed8f85b6e7670f9eceb4540e7d9
You mean the President of the United States not only endorsing, but actively *manufacturing* a recession isn’t good for the economy? Huh, who knew…
Also, has there ever been a President who has willingly tanked the economy and said it was a good idea?
It really is the chaos and uncertainty more than anything at this point.
Listen, a 20% tariff is bad for long term growth, but if its stable you can shift production around a bit, invest in a new plant or two, and move on.
But if you don’t know what the tax policy will be in a week? A month? Forget a year! And it apparently can be changed on a whim. And the President has just destroyed all credibility – you absolutely cannot trust any final decisions.
So you decide to wait it out. Pull back on a new investment. Slow hiring. See what happens.
And when everyone decides to do that at the same time? They call that a recession.
Cool! With this and the inevitable social security cuts, I won’t have to retire.
Live masteroflords1 reaction
https://preview.redd.it/u38ysv76ivne1.jpeg?width=1179&format=pjpg&auto=webp&s=e58e27333bc9ccabf3c927c18d49f8a9166e216f
🍦🤣🍦
I guess the animal spirits they were talking about were those of a bear and a dead cat?
sickos.png
https://preview.redd.it/1ol2xuokivne1.jpeg?width=1170&format=pjpg&auto=webp&s=71c486b3a95f3c9835743a8c8ceb3221eeb4c4c9