trumpty in the Dumpster

‘Hottest’? Yup, like a Dumpster Fire

• the economy added only 73,000 jobs in July
• The unemployment rate rose slightly to 4.2% from 4.1%.
• The number of people unemployed for 27 weeks or longer increased to 1.83 million from 1.65 million in June.
• inflation continues to ratchet up
• Consumer sentiment remains depressed in comparison to a year ago
• the Dow plunged over 500 points on Friday (about 1.2%) while the S&P 500 fell 1.6% and the Nasdaq Composite dropped 2.2%

Slapping tariffs on key trading partners including Brazil (50%), Taiwan (20%), Canada (35%), India (25%), Switzerland (39%), and even the EU (15%) amounts to the worst self-inflicted economic disaster in modern times. 

When the full effect ripples through the economy, Friday could reasonably be branded Trump’s Black Friday.

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