Fed chair Jerome said some poorly chosen words last October and turned a normal correction into a major slump. This major slump was touted as the start of a recession despite no evidence of such outside of the stock market correction.
Many small businesses believed the media bears, even though their personal experience was a bull.
The end of December Jerome corrected his October statement and immediately the stock market took off. And the Optimism took off. Hopefully the media crying wolf innoculates us all from believing every recession they say has started.
However, the trade war is actually hurting the economy and could actually cause the unwanted. Previously it was win-win with China winning more than the US. Now it is lose-lose with China losing more than the US. Will China feel the pain and change its ways?
I remain unconvinced we are losing.
Our numbers just aren’t tanking.
China is in a world of hurt right now, and it looks to get worse if Trump holds tough.