We are living the stupidest timeline. We are in the midst of a government shutdown, because the President is having a tantrum over his wall. He had control of both Houses of Congress, but didn't get it built then. So now, we are suffering though an unplanned and poorly thought out shutdown that will cause an economic slowdown.
In Britain, the Brexit situation is hurtling towards its almost inevitable crash. Cameron's cynical ploy to lance the pustule that was UKIP by having a referendum has led to a situation with no good outcomes. Now the worst outcome - Hard Brexit - seems the most likely.
I've been predicting a recession for 2019. Some of it is the natural slackening of the business cycle. But the two unforced errors of the shutdown and Brexit are going to be major contributing causes.
No comments:
Post a Comment