“We think the White House is unlikely to quickly reverse most of the new tariffs, but our probability of recession would decline if it does,” “This would be less severe than most past US recessions, in part because we do not see major financial imbalances that need to unwind, private sector balance sheets remain strong, and we see some room for trade deals to eventually lower tariff rates somewhat,”
Then, with Trump's cave in, GS popped out a fresh up
"Prior to President Trump's announcement, we had shifted to a recession baseline due to the newly enacted tariffs," "We are now reverting to our previous non-recession baseline forecast."I can't help but think its not so easy for main street businesses. Imagine mulling an 8, 9, 10 figure business investment in this chaos. Its not so easy to flip capex investment plans.
Lasting damage is being done to the economy. This is not over.
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