The Trump Slump is now
The Trump Slump is now You can't take a battering ram to every major institution in America and expect the economy to do well Robert Reich Mar 10 Friends, Apologies for intruding on your inbox for a second time today, but the message we’re getting from stock and bond markets deserves your attention. Recall that Trump was elected largely because Americans thought the economy was lousy and believed him when he said he’d fix it. Now, seven weeks after his inauguration, the bottom is falling out. Stocks are plunging. Treasury yields are falling. Consumer confidence is dropping. Inflation is picking up. Over the weekend, Trump refused to rule out a recession this year, telling Fox News there will be a “period of transition, because what we’re doing is very big.” Well, yes, if “very big” means destroying much of the federal government, allying with Putin against our traditional allies, and putting high tariff walls around America. The cost of living — the single biggest problem identif...