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When you impose blanket tariffs, implement severe restrictions on immigration, and make huge cuts in government service, you set the stage for a recession. A Trump recession would be caused not be external shocks, but by dumb policy choices.

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The economy is on the precipice of recession. That’s the clear takeaway from last week’s economic data dump. Consumer spending has flatlined, construction and manufacturing are contracting, and employment is set to fall. And with inflation on the rise, it is tough for the Fed to come to the rescue.
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