The economic pain we are headed for, Recession and Inflation [View all]

[edhopper]

The Economy shrunk this quarter. There are major shortages coming this month as the drop in imports at the ports hits, further shrinking the economy but causing prices to rise.
On top of that the Dollar is in trouble as other countries stop buying Treasuries (another outcome of Trump's trade policy). The Fed will have no choice but to raise rates to get buyers for Treasuries, which will slow the economy more.
But at the same time a weaker dollar, plus the cost of tariffs on goods, will be inflationary.
In plain English, we are Fucked.