...or else................🤨
Probably best to note that predictions of sharply higher inflation came when the amounts of tariff were declared.
But not when Trump then shut the tariffs off.
Point being, we haven’t seen the effect of tariffs because nearly none are in place.
There has been talk of $100+B increases in tariff revenue, but this is nothing like what prompted all those predictions. $100B is nearly 0% of GDP.
As for “the end of the world”. It would be good to have an actual definition. Here’s mine:
Every human being dies. That’s the end of the world.
90% deaths? Not the end of the world. 20% deaths? Not the end of the world.
Indeed