KEY POINTS
- Goldman Sachs expects aggressive duties from the White House to raise inflation and unemployment and drag economic growth to a near-standstill.
- In a note Sunday, the firm said “we continue to believe the risk from April 2 tariffs is greater than many market participants have previously assumed.”
- The firm raised its forecast for inflation this year to 3.5%, cut its GDP outlook to just 1% and raised its unemployment view to 4.5%.
And that’s without taking into account the crashes to come when there will be a correction after all the shady stuff done by the financial sector when there no longer is any agency capable of supervising them. That will likely have planetary repercussions,.
or the persistent international distrust Trump has carved towards the USA for decades to come