If we're are to have a global recession, Trump is absolutely the one to blame. It never ceases to amaze me how some if these things are man-made.
Literally he puts a Tariff on China, to where they are not going to buy the soybeans we produce, so they sit and rot, then we borrow money FROM CHINA to bail them out.......so instead of us selling goods to China - we borrow money. Trump is Jethro Clampett level educated. DD
Ever as in the entire history of the country? I hope things bounce back but a recession does seem inevitable in the next 12 months or so.
https://www.reuters.com/article/us-...ecession-to-follow-reuters-poll-idUSKBN1OC00S This article from 2018 nailed it didn't it? The U.S. Treasury yield curve will invert next year, possibly within the next six months, much earlier than forecast just three months ago, with a recession to follow as soon as a year after that, a Reuters poll showed on Thursday.
Trump has a dream team for mismanaging a recession If things go south, this administration doesn’t have a plan. It never had a plan. And it doesn’t have competent personnel in place to come up with a plan. Trump’s economic brain trust consists of Kudlow, an admitted former cocaine addict and a guy who plays an economist on TV, Navarro, a crank who has been disowned by the (real) economics profession and the producer of ‘The Lego Batman Movie.’ Trump inherited a good economy, and for roughly 2½ years managed (mostly) not to mess it up. As with his business empire, he also somehow convinced much of the public that this windfall was due to his personal talents rather than luck. But right now his luck — and ours — might be running out. Bond markets are flashing warning signs. Stock prices are whipsawing. Some troubling economic data are rolling in, both here and abroad. All this suggests that the risk of a U.S. recession is rising. Trump seems to be worried about getting blamed for what is coming. For months, he has been setting up the Federal Reserve as a scapegoat — including for market swings caused by his own foolish trade wars. When stocks go up, Trump claims full credit; when they go down, it’s the Fed’s fault. Personal responsibility and all that. https://www.tampabay.com/opinion/20...or-mismanaging-a-recession-catherine-rampell/
Looked into it and hey... It turns out the inversion doesn't always precede a recession and they usually take a year or two to develop if they do occur. Looks like the media is trying to scare investors. What sucks for Trump is he is owning the economy and saying it is doing well because of him, so it will be hard for him to not own it if it does go into a tail spin. That said, it is awfully funny that people, and not naming names, just people, some here even, won't give him credit for the economy when it does well, but when it does poorly, they are ready to blame him and only him.
actually, the bond market and the stock market are issuing warnings of slowing economy ahead. as did the CEOs of JP Morgan, Citi, B of A, https://www.cnbc.com/2019/08/16/tru...on-wednesday-as-the-stock-market-plunged.html, who met w Trump on Wed, and told him that they could be doing even better if issues including the China-U.S. trade war were resolved
