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Stagflation-Lite Is Here
The US economy shrank during the first three months of America's new "golden age." And private secto
Things must be tough over at Vandalay Industries these days what with the tariff chaos and all
Can you imagine? At least he’s got the architect business to fall back on.
Big problems with latex because of high tariffs.
And you want to be my latex salesman…
Apparently Marine Biologist is not exactly a vocation that is attractive either at the moment.
Have some mercy on poor George. I mean, he was in the pool!
Now I’m imagining Trump at a rally shouting, “There was shrinkage!!!”
Followed up by repeatedly guaranteeing “there’s no problem” in that department, “I guarantee you.”
Weird how the personal guarantee of history’s all-time best dealmaker may be the world’s weakest currency at the moment.
Big inventory build helped 1Q a lot. Watch inventories in 2Q – should be a drain or neutral.
It will be s slippery-slide and not a definitive crash. Trump will backpedal and lie, divert and distract, point fingers and blame, fire someone, reverse policy only when absolutely necessary, and declare victory whenever possible. Left with no other alternatives, the rest of us will adapt, complain, and somehow try to survive the next several months (or years). There is no help, there is no real plan, there is no responsible leadership forthcoming. We will slowly descend into the next recession, and find ourselves stuck much like the 1970’s.
If things don’t change really soon we will be looking at empty shelves within 3 months. At that point prices won’t be our biggest problem. And there will be no quick monetary of fiscal policies fixes to be had.
” we’ve already crossed his event horizon”…Good statement. It will take tremendous good luck to stop this downward slide we are on . But to reverse the direction will take (I can’t imagine what) a miracle.
I’m not surprised at the falling exports. We’ve pissed off all our customers and really have nothing much of value to sell anymore. Competitive advantage is a bitch. Others have it, we don’t.