Right now recession and, or stagflation is imminent
America’s economy may actually be even weaker than it appears
Crazy Trump’s aggressive tariff plan was largely expected to impact the US economy’s first-quarter performance as companies loaded up on imported goods ahead of higher levies. But what few failed to anticipate was how much worse off the economy would have appeared without stockpiling.
“People are stockpiling now. That’s helping the economy now — and then they’re going to spend even less,” said Ryan Young, senior economist at the Competitive Enterprise Institute, a libertarian-leaning think tank.
www.businessinsider.com
America’s economy may actually be even weaker than it appears
Crazy Trump’s aggressive tariff plan was largely expected to impact the US economy’s first-quarter performance as companies loaded up on imported goods ahead of higher levies. But what few failed to anticipate was how much worse off the economy would have appeared without stockpiling.
“People are stockpiling now. That’s helping the economy now — and then they’re going to spend even less,” said Ryan Young, senior economist at the Competitive Enterprise Institute, a libertarian-leaning think tank.
America is on the verge of stagflation
I study markets for a living. I've never been this worried before.America is dangerously close to the worst kind of recession
Stagflation is a recession with a combination of high inflation and high unemployment. This economic worst-case scenario is becoming more real.
