Things are permanently fucked. Inflation will go up on goods, deflation will keep lowering the value of the dollar. Shipments are being rejected at the ports on both sides. You couldn't have screwed things worse for small - mid businesses short of a nuclear war. The GOP was efficient with destroying our economy this time.
this post was submitted on 13 Apr 2025
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All this and they're still charging ahead with tax breaks and the first $1T defense budget. It's like they're sleep walking us into a depression
We'll see if that 1t defense budget even lasts a year. With how the bond market is reacting to trumps instability, the US' ability to borrow itself into a hole may be very quickly coming to an end.
It already did, but it's also going to.
Thanks Mitch.
So all that will be left is Walmart and Amazon? They can afford to do business with tariffs while small and mid sized businesses will fail. Goodbye Main Street, go back to the big strip malls and shop where we tell you.
Many businesses are running now on borrowed cash. So when the usual 4 to 5 year investment comes back calling, those business are gonna be asset sales.