Consumers are nervous, and with stock portfolios down and corporations slashing investment, demand will take a hit. Roughly half of spending comes from the wealthy in America, and they are the ones who can immediately cut expenditures, and will do so when stocks decline.
Tag: Trump II
The ITUC is deeply concerned by the reckless trade measures announced by the Trump administration.
Workers must not pay the price of an imposed trade war – International Trade Union Confederation
You can’t make America great again by wrecking the government. James K. Galbraith
Joe Stiglitz on Trump II
The End of Progress? by Joseph E. Stiglitz – Project Syndicate
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