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#trumpslump

2 posts2 participants0 posts today

Local Elections are coming up for some of us in May 🗳️

You could do worse than #VoteGreen — if they’re on your ballot paper.

Greens work wonders in local Government shaking up the status quo and refocusing services towards local people, not pandering to the whims of corporate vested interests.

Part of David Lammy’s constituency has just voted with its feet.

Why don’t you join them next month?

standard.co.uk/news/politics/g

Evening Standard · Greens oust Labour in north London by-election as party's losing streak in capital continuesBy Rachael Burford
Continued thread

#Senate #Democrats just held a press conference on #Trump's #tariff announcement & his admin's policy.

Sen Kirsten Gillibrand said: “Because of this #chaos, this #incompetence & this carelessness, he has wiped out trillions of dollars from the #US #economy.”

Standing alongside her, Senate Minority Leader #ChuckSchumer said: “You can't undo the damage. The #TrumpSlump is upon us now, & whatever he will try to do in the future does not undo the damage.”

Can somebody ELI5 if we're headed for inflation or deflation now? Tariffs would seem to indicate raised prices (so inflation in the short term, at least). But I can also see the effects on the stock market as people moving from stocks to cash (= hoarding?). The Smoot-Hawley Tariff Act of 1930 caused the Great Depression, which was a period marked by _deflation_. What's the right way to think about this..?