|
U.S. consumer sentiment plunges—down 10% from January over tariff and inflation fears.
Most people I know think the economy is cooked thanks to Trump’s policies—designed to help the rich and screw working folks.
It seems almost unavoidable at this point that we are headed for a deep, deep recession. Just based on 200K+ federal firings & pullback of contracts, the March employment report (to be released April 4) seems certain to show bigger job losses than any month ever outside of a few in 2008-9 and 2020.
Add on to that enormous private market uncertainty - how could you hire in these conditions? - and this is going to be very, very bad.
To be clear: Even greater damage will be done by the loss of federal government productivity. The workers who are losing their jobs were worth more than they were being paid! We are all poorer when roads, planes, and food are unsafe, when parks are closed, etc.
This will show up in the March report, to be released on April 4. Why not in the February report, coming out March 7? Because that asks for employment in the pay period including Feb. 12, and the firings were nearly all too late for that.
But, I suspect the March unemployment report will actually be rosy.
The Felon’s regime's Five Year Plan will have achieved HUGE success in reducing unemployment to 1% and inflation to 0% by executive order.
Posted from my iPhone/Mobile device
|