Trump Won’t Rule Out Recession. Because, you know, he’s not into making predictions. Stock market should love this:
Referencing “rising worries about a slowdown,” Ms. Bartiromo asked Mr. Trump: “Are you expecting a recession this year?”
“I hate to predict things like that,” Mr. Trump responded. “There is a period of transition, because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing, and there are always periods of, it takes a little time. It takes a little time, but I think it should be great for us.”
Mr. Trump’s imposition of sweeping tariffs on Canada, Mexico and China last week rocked stock markets and invited pushback from industries, including the largest automakers, who told the president that the duties would decimate their business. Canada immediately retaliated with tariffs on $20.5 billion worth of American exports and threatened additional measures. China has also placed tariffs on U.S. goods and plans to impose another round on Monday.
Economists have turned gloomier on the economic outlook amid Mr. Trump’s dizzying approach to tariffs, which has fueled considerable uncertainty and hamstrung businesses considering new investments and hiring. The concern is that the ongoing volatility chills this activity even further, intensifying an economic slowdown that is already underway.
SW Florida (Trump Country) Likely To Be Hit Hard By Trump Policies:
With Trump now dominant, unchecked and unbalanced by Congress or any other institution, with billionaire Elon Musk and his Department of Government Efficiency (DOGE) rampaging through federal agencies, and with the much-hated federal government being dismantled, what can Southwest Floridians expect from the Trump policy agenda? What will be the impact on them and their region? How will people feel Trumpism in their personal lives?
Let us count the ways: Social Security Uncertainty; Prices, Tariffs And International Isolation; DOGE Destruction: FEMA And NOAA; Gulf Of Mexico: Exploitation And Degradation; Education And The Descent Into Ignorance. Sounds pretty much like Hell to me.
Those Southwest Floridians who still support Trump and his regime for emotional or sentimental reasons should know that they will not be immune or protected or untouched by the tempest out of the Oval Office. It’s coming to Southwest Florida as surely as any hurricane barreling in from the Gulf of Mexico. They’re going to get wet too.
Israel Cuts Off Electricity To Gaza. The inhumanity continues. Dog Bites Man.
Canada’s New Prime Minister is a former Central Banker Named Carney. I guess as long as he has Trump as an enemy, he’ll be OK. Not feeling the excitement, though:
Carney has waffled over his role at the investment firm Brookfield Asset Management, when it moved its headquarters from Toronto to New York – a politically sensitive issue given recent pressure from the US on businesses to uproot and move south.
His attempts to clarify the issue prompted the Globe and Mail’s editorial board to praise him as a “fast learner in the art of prevarication and hairsplitting”.
He has promised to put his substantial assets, believed to be valued at more than C$30m (£16m), into a blind trust immediately.
Sounds like a Corporadem to me. Speaking of our Corporadem Carney…:
Daniel Béland, the director of the Institute for the Study of Canada at McGill University, described Carney as a “technocrat”. “He’s a boring guy who in general doesn’t have a lot of charisma,” Béland said. However, he noted that Carney’s rigorous competence with no flash may be appealing, given Canada is rattled by Trump’s trade chaos and attacks on its sovereignty.
For a while. Perhaps.
The News-Journal’s Annual Circle-Jerk Is Back. Can you say ‘click-bait’?
Sarah Mueller’s Interview With Matt Meyer. Good stuff.
What do you want to talk about?