Two weeks ago I warned about a coming economic downturn. Since then, we've already seen more signs that our economy is in precarious condition and that Trump's rhetoric and actions are pushing us closer to the brink.
We got more confirmation of my concern that middle class families are falling deep into debt trying to bridge the gap between rising household costs and stagnant incomes. wsj.com/articles/famil…
New data confirmed other weaknesses too. New Q2 economic data showed slowing growth. There's a slowdown in construction jobs and manufacturing job hours declined. nytimes.com/2019/08/02/ups…
Meanwhile, the potential shocks I identified are looming larger. Trump is escalating his incoherent tariff-by-tweet strategy against China. The chances of a no-deal Brexit have risen. No wonder markets are assessing a high risk of a potential recession. markets.businessinsider.com/news/stocks/yi…
This is alarming—but there is still time to avert the next economic crash. I've outlined a plan for how to do it. And we need to act now. medium.com/@teamwarren/th…
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