Morgan Stanley on the not-so-great outlook from Trump tariffs:

[mahatmakanejeeves]

Reposted by Lizzie O'Leary

Michael Derby
‪@michaelsderby.bsky.social‬

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Morgan Stanley on the not-so-great outlook from Trump tariffs: "Headline and core PCE inflation firms to 3.4% and 3.9% by year end, about a full percentage point higher than before. The peak impulse is in Q3 2025. The unemployment rate rises to 4.9%, though most of that occurs in 2026."
April 8, 2025 at 9:28 AM

https://bsky.app/profile/michaelsderby.bsky.social/post/3lmcle2iwls2r

[bucolic_frolic]

1. Yeah, that's what they'll admit to. If they told what they really think

they'd be under threat of lawsuit.

[OrlandoDem2]

2. It'll be much worse. People better save their money now. Don't even think about spending.

[Warpy]

3. The US will get badtly burnt

What remains to be seen is whether or not the rest of the planet continues te fair trade policies excluding their formerly powerhouse marketplace, maintaining a decent level of prosperity with each other while this country sinks into isolation and Great Depression II behind its tariff walls.

That's what happened the last time That Fat Grifter tried tariffs in his last administration, agriculture got hammered as former major importers simply went shopping in free trade countries to escape reciprocal tariffs levied on US goods.

Republicans have never been smart enough to notice why their policies fail, they just keep bulling ahead and hoping they'll somehow work if they try them long enough.