The Trade and Tax Doomsday Clocks
Tariffs against China and failure to extend the Bush-era tax cuts would repeat the worst mistakes of the Great Depression.
Tariffs against China and failure to extend the Bush-era tax cuts would repeat the worst mistakes of the Great Depression.
An end to RMB instability and a stealth rally in commodities should relieve the air of panic.
The 30% price spike to date isn't big enough to be a major shock, and the economy is less vulnerable today than it was in the expansion's late stages in 2008.