Ah I see. Yes I agree. And the longer we pretend that there isn’t a recession, the worse the crash will be, because there will be farther to fall.
Trump is in a sticky situation (which TBF he put us in with those COVID stimulus checks, not that Biden helped the situation at all). Usually collapses are triggered by 1) an unsound economic foundation 2) one of the pillars holding up the economy collapsing in some way. Something like dramatic job losses or foreclosures could cause a crash, which is needed to correct the economy, so Trump get by if he finds a way to keep something like that from happening. But usually it happens suddenly, when people don’t expect it, so I don’t trust that he’ll be able to do that. It’s not like Obama or Bush were able to prevent economic crashes during their terms either.
Ah I see. Yes I agree. And the longer we pretend that there isn’t a recession, the worse the crash will be, because there will be farther to fall.
Trump is in a sticky situation (which TBF he put us in with those COVID stimulus checks, not that Biden helped the situation at all). Usually collapses are triggered by 1) an unsound economic foundation 2) one of the pillars holding up the economy collapsing in some way. Something like dramatic job losses or foreclosures could cause a crash, which is needed to correct the economy, so Trump get by if he finds a way to keep something like that from happening. But usually it happens suddenly, when people don’t expect it, so I don’t trust that he’ll be able to do that. It’s not like Obama or Bush were able to prevent economic crashes during their terms either.