KEY POINTS
- Goldman Sachs expects aggressive duties from the White House to raise inflation and unemployment and drag economic growth to a near-standstill.
- In a note Sunday, the firm said “we continue to believe the risk from April 2 tariffs is greater than many market participants have previously assumed.”
- The firm raised its forecast for inflation this year to 3.5%, cut its GDP outlook to just 1% and raised its unemployment view to 4.5%.
Please call it The Trumpcession.
The Trump Slump!
I already coined it The Great Repression
The Great Regression. The greatest, I’m told. Many people are saying it.
The Republican Depression or Trump Depression. The Republican dust bowl also.
I guess we could just call bankrupting anything from now on “going in the orange”. You know when you’re so far in the red your only choice is to turn into a fascist and begin killing immigrants you’re probably in the orange
Trump’s gonna call it a fire sale. Him and his buddies will just get more powerful.
Well, that depends on us, to some extent, doesn’t it?
And if it goes beyond a recession, we can call it a Trumpression.
I’m trumpressed