The US economy shrunk by 0.3% in Q1. However the tariffs only start to hit right now and they will be brutal. As in the US might end up with worse inflation then Argentina. Obviously that is going to crash consumption, which is what drives the US economy. Oh and Trump being as insane as he is managed to drive up treasury rates by his actions during a falling stock market. The US government is already spending like crazy and normal plan is to increase that during as crisis. The sane plan would be higher taxes for the rich, but that is not going to happen.
How long do you think before that level of inflation hits? I’m trying to move to Sweden but can’t get a bank until I’m there, I’m hoping I can move my USD to SEK but don’t know where to begin estimating how much time I have…
The US economy shrunk by 0.3% in Q1. However the tariffs only start to hit right now and they will be brutal. As in the US might end up with worse inflation then Argentina. Obviously that is going to crash consumption, which is what drives the US economy. Oh and Trump being as insane as he is managed to drive up treasury rates by his actions during a falling stock market. The US government is already spending like crazy and normal plan is to increase that during as crisis. The sane plan would be higher taxes for the rich, but that is not going to happen.
In other words: It is only getting started!
How long do you think before that level of inflation hits? I’m trying to move to Sweden but can’t get a bank until I’m there, I’m hoping I can move my USD to SEK but don’t know where to begin estimating how much time I have…