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.
Trump’s gonna call it a fire sale. Him and his buddies will just get more powerful.
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
And if it goes beyond a recession, we can call it a Trumpression.
I’m trumpressed