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%.
Economists do not usually speak in black and white terms like this.
Our economy is in for a bloodletting.
Crash the economy and stock prices. Create a forever war for profiteering. Stick dissidents and the poor into for profit prisons. Consolidate more wealth at the top. The system is working as designed.
I bet before the end of the day we’ll hear about how Goldman Sachs, of all places, is full of RADICAL LIBERALS and has gone WOKE!
This is entirely a self-own by donvict and his stupid sycophants. He was handed an economy that had so many great indicators and within mere weeks, was able to fuck it up.
Heckuva job, donnie.
Trump is trying to harm the economy of all the allies of USA, because reasons.
The strategy is to commit economic suicide, to prove the dependency on USA.The plan is flawless if you don’t give a shit about anything, except creating attention for yourself.
No fucking shit
When the rich people are now questioning the other rich people, you know shit isn’t exactly going to plan.
At least not the plan some of the rich thought they were getting. They forgot to factor in the incompetence.
Translation: hey rich customers, fire sale and reason to lay off your highest-paid employees incoming!
Remember, they and the people who listen to them wanted this.
That only works if you are expecting a rebound… the way Trump is going about this, who the hell would trust a single word of a trade deal with USA?
People who want money or resources. You have to remember though, these aren’t the brilliant businessmen they think they are.
Most of these rich people are rich through family and luck, and believe they have magical powers to resurrect businesses and economies with a snap of their fingers.
They think they’ll just put everything back together with them at the top. They really have no idea how they’ll do that, of course.
People who want money or resources.
Those same people do not want the carpet pulled from under them on a whim
Anybfitire deal with the USA will have that risk priced in and not likely to ve as favorable as whatever was there before. This is exactly why third world countries have a hard time attacking investment and when they do, they basically get gangbanged
And that’s without taking into account the crashes to come when there will be a correction after all the shady stuff done by the financial sector when there no longer is any agency capable of supervising them. That will likely have planetary repercussions,.
or the persistent international distrust Trump has carved towards the USA for decades to come
And this is the Fart of the Deal… inhale Muricans
Even now we could stop doing idiotic things and we might recover in a few years? But if we continue, we’ll run out of every single company’s rainy day fund. At that point in the not too distant future we’ll start seeing one no-name company go belly up. Then a few days later two, then the next day ten, then 200. Finally we’ll be in a deepest recession ever. People will be jumping out of buildings.
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