5d ago

Goldman Sachs sees Trump tariffs spiking inflation, stunting growth and raising recession risks

KEY POINTS

Goldman Sachs expects aggressive duties from the White House to raise inflation and unemployment and drag economic growth to a near-standstill.
In a note Sunday, the firm said “we continue to believe the risk from April 2 tariffs is greater than many market participants have previously assumed.”
The firm raised its forecast for inflation this year to 3.5%, cut its GDP outlook to just 1% and raised its unemployment view to 4.5%.

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Glad to know that GS is catching up with every other financial advisor and most of the logical everyday people who understand that making things more expensive tends to make people's financial situation worse.

I bet before the end of the day we'll hear about how Goldman Sachs, of all places, is full of RADICAL LIBERALS and has gone WOKE!
- We jumped the shark when they called the FBI "woke leftists" however many years ago that was.
  
  That was in February

And that's without taking into account the crashes to come when there will be a correction after all the shady stuff done by the financial sector when there no longer is any agency capable of supervising them. That will likely have planetary repercussions,.
- or the persistent international distrust Trump has carved towards the USA for decades to come

This is entirely a self-own by donvict and his stupid sycophants. He was handed an economy that had so many great indicators and within mere weeks, was able to fuck it up.
Heckuva job, donnie.
- Sabotaging the US economy and destroying the power of the US and EU were the jobs Trump was put in to do.

When the rich people are now questioning the other rich people, you know shit isn't exactly going to plan.
At least not the plan some of the rich thought they were getting. They forgot to factor in the incompetence.

So why aren't the big players on Wall Street raising hell over this?
- They have lots of liquidity and are willing to take the hit to buy more at lower prices.
- they're are vultures, hoping to buy low and sell high.

The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.
All is going according to plan.

Trump is trying to harm the economy of all the allies of USA, because reasons.
The strategy is to commit economic suicide, to prove the dependency on USA.
The plan is flawless if you don't give a shit about anything, except creating attention for yourself.
- More and more I feel like he's just trying to get us embroiled in something that provides cover for him to ratchet into the next slot of dictator. If he can get a real crisis on his hands he's plausibly cleared for all sorts of seemingly desperate measures. Such as third terms, and criminalization of "sentiments" ("doesn't like me" turns into "supports the enemy", opposition turns into enemy, temporary emergency actions turn into permanent dictatorship).
- The plan is flawless if you don't give a shit about anything, except creating wealth and power for yourself.

Ah yes, when Trump does his own research.
- Meanwhile, anyone with a halfway decent high-school education, knows this is what happens when you engage in a trade war with all your major trading partners.
- As does much of his cabinet, it seems. That, or if they know better, they are too afraid and power-seeking to counter even the very stupidest of his "ideas".

57 comments