Moody's Economics: Trump's tariffs are going to send the US into recession

[Quixote1818]

?si=r8nT90vewfXhYEL9

[yourout]

1. If we are lucky it will only be a recession.

I give it even better odds it will be a depression.

[roamer65]

4. -10 on GDP and it's a depression.

[dalton99a]

2. Trump's stagflation is likely - far worse than a recession

[roamer65]

5. Massive demand destruction coming.

I think we are heading for a moderate deflationary depression.

The velocity of money is going drop very significantly.

[Gmw123]

3. Price blaming

Trump knows he can't get prices down so now he has this excuse. There will always be an excuse. He's even blaming tariffs on past presidents because THEY didn't do it during their time in the office

[LetMyPeopleVote]

8. Welcome to DU

[Rebl2]

6. Can't

say we weren’t warned last year by economists. Several times they said if he puts tariffs on multiple countries, we would be in a recession by summer. My feeling is it might be by the end of this spring.

[Botany]

7. Mark Zandi, "If these tariffs are implemented there will be a recession not only in America but world wide."

Rough quote.

[allegorical oracle]

9. So ridiculous. After Biden's administration worked SO diligently and

succeeded at preventing the much-feared COVID recession.

Oh wait, he was too old for the job.