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BREAKING: Trump Gets NIGHTMARE Midterm News As Moody’s Analytics’ Chief Economist Mark Zandi Warns Of A “serious Threat” Of A Recession Due To His Disastrous Iran War
The blue surge is about to turn into a tidal wave…
“Recession is once again a serious threat,” Zandi wrote on X. “Even before the recent disconcerting events in the Middle East, our machine learning based leading economic indicator model put the probability of a recession starting in the next 12 months at an uncomfortably high 49%.
Behind the recent jump are primarily the weak labor market numbers, but almost all the economic data have turned soft since the end of last year.”
As usual, a Republican president inherited a booming economy from a Democrat and promptly set about destroying it with plutocratic tax cuts and self-defeating policies.
In Trump’s case, his disastrous tariffs were akin to dropping an atomic bomb on our nation’s economy.
“It isn’t a stretch to expect the indicator to cross the key 50% threshold amid the Iranian conflict and the resulting surge in oil prices,” Zandi continued. “Oil prices are an important variable in the model, and with good reason. See More, Details. .
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