JimBowie1958
Old Fogey
- Sep 25, 2011
- 63,590
- 16,767
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Lol, as if we are not going to have a recession already, roflmao.You mean he will put tariffs on china and put us into recession? That is a good idea to you? A new tax is going to help us? Tariffs don't work and never have.
Here, I will tell you what is going to happen after Trump is given the oath of office.
1. Yellin will raise interest rates and announce a high prime interest rate about 5% with 7% as a goal by the end of a two year transition. The 7% is the post WW2 average, but she knows it will start a recession.
2. The stock markets will see their prices crater, and this will destroy investment capital by the hundreds of billions USD.
3. And this in turn will cause a recession as businesses cant find the money to get a loan to expand or start their new businesses. The bankers will have lost too much of it already
4. Dupes like you will blame Trump even though he hasnt had a single item passed in a budget at all, not a single one.
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