found online by Raymond
From Jonathan Bernstein:
Isn’t the president supposed to be easing our fears that a recession is imminent?
I have no idea whether the U.S. is headed toward a recession. What’s sort of shocking me this week so far, however, is the possibility that President Donald Trump will manage to panic the nation into hard times. Is that possible? I’m no economist, but from the politics side, I would never have thought a president could do such a thing, mainly because the normal instinct for all administrations is to spin the economy in as positive a way as possible, and then some.
But then we had this week.