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- Manlobbi
Halls of Shrewd'm / US Policy❤
No. of Recommendations: 6
Predictions are hard especially about the future. - attributed to Yogi Berra
There were so many predictions about an impending recession during Biden's presidency that I just stopped listening to them. The one thing I don't remember them having was a projected starting time. This one has that.
https://finance.yahoo.com/news/why-there-is-75-cha...
With around-the-clock tariff headlines pounding stocks, recession calls or predictions for a sharp economic slowdown are coming into the light.
The most dire one dropped today.
BCA Research's veteran strategist Peter Berezin said he sees a 75% chance of a recession within the next three months.
"Conventional estimates understate the likely impact on economic activity from the trade war and DOGE cuts. This implies that growth will slow more than expected," Berezin said.
Berezin outlined three key underpinnings to his prediction.
First, higher tariffs hammer real incomes of workers, which slows demand. Two, the shoddy way tariffs policy is being handled is raising public and business uncertainty. And lastly, tariffs are likely to push up inflation and make the Federal Reserve less willing to cut interest rates.
No. of Recommendations: 1
So in 2028 is there's throngs of unemployed.....
And the MAGA candidate loses because of a RIGGED election.....
Just imagine what the unemployed and desperate masses are capable of.
:):):):):)(:)|
No. of Recommendations: 7
First, higher tariffs hammer real incomes of workers, which slows demand. Two, the shoddy way tariffs policy is being handled is raising public and business uncertainty. And lastly, tariffs are likely to push up inflation and make the Federal Reserve less willing to cut interest rates.
Not to worry, Dope will have responses for it that will lay the blame on Biden, libs, etc., and Jedi will continue with... you, you, you... along with... I predicted this 15 years ago on the old Motley Fool.
No. of Recommendations: 2
Not to worry, Dope will have responses
Do you understand the purpose of higher interest rates?
No. of Recommendations: 3
Do you understand the purpose of higher interest rates?
The concern is inflation is still above target, and the tariffs will also be inflationary. This reduces the ability to drop interest rates.
We will have to wait and see where this actually goes as almost anything can happen.
Alan
No. of Recommendations: 3
Not to worry, Dope will have responses
Do you understand the purpose of higher interest rates?
Thanks for making my case for me. :) :P
No. of Recommendations: 2
Thanks for making my case for me. :) :P
So that's a "no", you don't understand the purpose of interest rates. Thanks.
