The economy has been crashing more and more as time goes on but Trump’s plans sounds like they’ll push things into new a level.
The economy has been crashing more and more as time goes on but Trump’s plans sounds like they’ll push things into new a level.
I don’t think he can, at least in the very short term. He’s negotiating with Xi to see about the 25% tariffs so I expect at least some preferential treatment to China, which is the only country that isn’t just gonna sit down and take the hit quietly. He will probably cause an inflationary crisis of a similar or worse magnitude to the one we had in the first couple years of COVID, but ultimately I think they’re mostly accelerating the collapse in a quantitative way that’s not immediately gonna lead to (more) cities burning down or the whole world economy crashing.
I dont know about you, but I’m already feeling an inflationary crisis. 4 years ago I could get a lot of bulk items for 8 bucks or so, then 2 years it was 10 bucks and luckily I got a promotion, but now things are ratcheting up to 12, and the official inflation rate is only 1%. Eggs are too expensive if they arnt already sold out.