“.. He has no idea about the economy,” Azadi said of Trump.
@wsj.com 🇺🇸
https://www.wsj.com/economy/consumers/tariff-whiplash-spooks-consumers-69d453d2
@wsj.com 🇺🇸
https://www.wsj.com/economy/consumers/tariff-whiplash-spooks-consumers-69d453d2
Comments
That is the understatement of the century...
What was it Gary Cohn, WH Chief Economic Advisor remarked the first time around?
"A clown surrounded by idiots", or some such?
Followed by, "I'm getting the fuck out of here and going back to Wall Street!"
Businesses make Capex, Expansion, and Hiring plans on models, based on *reasonable and probabilistic* assumptions
When there can be no such assumptions, they pause
Plans are shelved
Added to consumers slowing, and growth tends toward zero
Then, negative feedback loop
When you hire a guy who acts only on impulse and doesn’t consider the consequences you’re in trouble particularly when that person has this weird axe to grind with all of the country.🙁
Food and essentials at Costco
Limited needs from Amazon, like repair parts for when something breaks
No Target, No Walmart
Were their any clues? 🤔
Maybe America, the 6 bankruptcies and scores of failed businesses might have been a clue 🙄