Horror Show.
Over the weekend, Trump went on TV and pointedly refused to rule out a tariff-fueled recession in the United States. Anybody who attended an eighth grade economics class already understood this risk of course, but for Trump to come out and finally admit it was a new development.
The administration's blasé attitude toward potentially setting off a severe downturn badly rattled Wall Street. The week got under way with no prospect of any clearing of the fog of uncertainty surrounding tariffs and market sentiment was decidedly gloomy as the session began on Monday.
The recent meltdown and…
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