Ocean freight bookings from China to the U.S. are down 60% for the last three weeks since the tariffs kicked in. Even still, if they ended it today, companies likely have enough safety stocks of inventory to smooth over this hole in replenishment to keep the stores stocked. But if they wait 2-3 more weeks as the president stated yesterday, weโll likely start to see second order effects kicking in: shortages leading to inflation, layoffs from importers and logistics companies leading to lower consumer spending, and many other symptoms of a large scale recession. Recessions become self reinforcing as spending retreats across the economy.
And we donโt know about the Fedโs appetite for stimulus to overcome a recession caused on purpose by the President. Maybe it was all part of a grand design the Fed shouldnโt interfere with? If the fire chief starts a fire saying itโll be good for the forest, should the fire department put it out?
@MikeMumbelz@GunloverClub1 Cars don't help either. Driving puts you in a consistent state of stress and isolation. In a conflict you dehumanize the other driver
The average time your eyes are off the road while texting is 5 seconds. Traveling at 55mph, that's enough time to cover the length of a football field.
Picture any 45mph suburban arterial where everyone's doing 10 over. People have no idea how little control they really have.