The incoherence of Trump economics is making already indebted consumers and businesses even more anxious. Punters across all income brackets are panicking and consumer confidence is collapsing
The author argues that signs of a US recession are increasingly visible, pointing to factors like US tariffs, negative survey data, stock market sell-offs, a booming second-hand market, declining corporate profits, and consumer anxiety about inflation and business closures. They attribute this potential "Trump-cession" to incoherent economic policies and the amplified impact of social media on the business cycle.
