Recession, recession, recession.
The odds of a major economic crisis continue to rise across the globe, sparking fears that turmoil is on the horizon that eclipses the Great Recession. The cause: tariffs that disrupt world trade, alliances, and globalization, along with nagging inflation. Add to this, the compound effects of the wars in Europe and the Middle East, none of which have a clear end date.
Markets are bleeding.
Since Inauguration Day, just a little over two months ago, a whopping $11 trillion has been wiped from US stock markets, a number that is hard to comprehend. It is equal to Canada’s economy disappearing five times, Bulgaria’s economy disappearing 100 times, or the Tajikistan economy disappearing over 900 times.
In the past, such economic turbulence would give governments pause.
(“Geopolitics First” is an expression/concept of Abishur Prakash/The Geopolitical Business, Inc)
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