RichardJR

@electricbluesfan.bsky.social

1 year ago

6/9 Effects appeared immediately: shipping costs from China to US rose 40% in four weeks, a Canadian car factory has already closed, and Fed Chair Powell warned of "higher inflation and slower growth."
#ImmediateImpacts #EconomicWarnings
#TrumpRecession

RichardJR

@electricbluesfan.bsky.social

1 year ago

5/9 JP Morgan raised global recession probability to 60% in a memo titled "There Will Be Blood."

Former Treasury Secretary Larry Summers called the tariffs "biggest self-inflicted wound we've put on our economy in history."
#RecessionRisk #EconomicWarnings
#USRecession