Tommy Chong
Player Valuation: £60m
Agreed mate...I'm 100% preparing for a recession. And here's why
The lunacy of tariffs are one thing. Taking away safety nets for large swaths of people are another. And ultimately chaos in the market is the death knell.
There are many reasons, but one could argue the most important reason the US economy/markets are what they have been historically is because of stability. Stay the course, don't do anything rash, your money is safe here, etc, etc, etc.
Trump blows all that up. Investors with big pockets have no idea what he's going to do from one day to the next. We all saw this coming, but The Wall Street Bros that are acting shocked about what he's doing is because they really did believe through it all that Trump wasn't 1) this stupid and 2) this much of a vengeful egomaniac. Because successful people on Wall Street are typically not the first, and to the second point, they don't want vengeance unless it directly positively enhances their accounts. Trump apparently doesn't care about that.
Trump could take away all the tariffs tomorrow, but now that the big money has awoken to the lunacy of the Mad King, I think they are going to be more cautious with him in charge. Then you start to add up what he's doing to unemployment by slashing government jobs indiscriminately, taking away safety nets for people, etc, etc, I don't see how anyone can think this isn't going to cause a recession
Remember this chart:


I wanted to know how he got the numbers for the 'Tariffs charged to the USA' column, as they made no sense to me.
So I did some research, only to find out that I wasn't the only one confused. Eventually someone cracked it.
The formula they used is: (Exports - Imports)/Imports... That makes absolutely no f'ing sense!

Add to that:

US defends tariffs on remote island of penguins and seals
A group of islands, occupied only by penguins and seals, has been swept up in Trump's trade war.

If you told me 10 years ago that in a decade, Trump would be president and that he'll be engaging in an international trade war with an island full of penguins, I'd laugh and say you're putting me on! Sounds more an SNL comedy skit than actual life, FFS.
God help you, mate. In fact, this affects us all, so God help us all!