Very insightful! Loved the easy to understand breakdown of various possibilities of how things might go ... none of which are desirable ... and the easy solution for the incompetent economic decisions made by the DJT regime is for Congress to do its job. Of course easy is easier said than done with current GOP members controlling both houses of Congress.
Foreign investors are losing confidence in the US economy with the tariffs; they trusted the US because it was stable currency but now the dollar is losing its value Their return in value means higher interest rates, the Feds can't cut interest rates when this tariff uncertainty is ongoing with Trump's chaos.
Very clearly and calmly explained. Thank you, Justin Wolfers. There are choices about good stewardship of America’s economy. The Fed. Chairman, Jerome Powell, is doing a good job. Trump, on the other hand, is trying to destroy our economy (to consolidate power?) and to anger the whole world. Congress has the Constitutional power of the purse, which includes the power to stop the President from carrying on this trade war. We must put pressure on Congress through constant protests, calling their offices and anything else that gets their attention so they know that they need to stop Trump’s tariff mania and the destructive firing of federal workers, programs, agencies, scientific research grants and so much more.
Excellent interview and explanation of where we are financially because of the dictator. How long can we let him ruin our country? Who will ever trust us again? CONGRESS! Wake up and do your job. You're letting the country down big time. There is no forgiveness for this.
Another helpful segment--thanks Jen, Justin and the Contrarian!
I'm convinced the outcome trump desires from the cumulative effects of all his regime's actions (and Congress's inaction) is chaos and division across the Country and World in his quest to become a dictator. The economic collapse is a major piece, and it will act together with the social disintegration and health declines for generations to come unless We The People (We contrarians) stop him.
I don’t have the courage to look at my retirement account. I’ve spoken with my investor; but know I’ve lost most of what I worked so hard to save; and I cannot look.
Justin Wolfers in this chat was just GREAT!
Very insightful! Loved the easy to understand breakdown of various possibilities of how things might go ... none of which are desirable ... and the easy solution for the incompetent economic decisions made by the DJT regime is for Congress to do its job. Of course easy is easier said than done with current GOP members controlling both houses of Congress.
Love his breakdown of the economic situation!
He is really excellent. Very understandable and helpful.
Foreign investors are losing confidence in the US economy with the tariffs; they trusted the US because it was stable currency but now the dollar is losing its value Their return in value means higher interest rates, the Feds can't cut interest rates when this tariff uncertainty is ongoing with Trump's chaos.
Very clearly and calmly explained. Thank you, Justin Wolfers. There are choices about good stewardship of America’s economy. The Fed. Chairman, Jerome Powell, is doing a good job. Trump, on the other hand, is trying to destroy our economy (to consolidate power?) and to anger the whole world. Congress has the Constitutional power of the purse, which includes the power to stop the President from carrying on this trade war. We must put pressure on Congress through constant protests, calling their offices and anything else that gets their attention so they know that they need to stop Trump’s tariff mania and the destructive firing of federal workers, programs, agencies, scientific research grants and so much more.
Go Blue!
Excellent interview and explanation of where we are financially because of the dictator. How long can we let him ruin our country? Who will ever trust us again? CONGRESS! Wake up and do your job. You're letting the country down big time. There is no forgiveness for this.
Another helpful segment--thanks Jen, Justin and the Contrarian!
I'm convinced the outcome trump desires from the cumulative effects of all his regime's actions (and Congress's inaction) is chaos and division across the Country and World in his quest to become a dictator. The economic collapse is a major piece, and it will act together with the social disintegration and health declines for generations to come unless We The People (We contrarians) stop him.
I agree, and the chaos and destruction can be the justification to declare Martial Law and complete the overthrow of the constitution.
Thank you for the clear explanations!
Terrifying times.
PS Go Blue! I'm in the middle of 3 generations of UM grads.
This was excellent. Very well explained.
That was amazing. I’ve always struggled with Econ and he’s so clear. Helps knowing what we need to do.
...one way out of this is CONGRESS!!!!!!!!!!!
?
I don’t have the courage to look at my retirement account. I’ve spoken with my investor; but know I’ve lost most of what I worked so hard to save; and I cannot look.
In the land of the free and home of the brave…where is Congress?????