by Peter Zeihan on April 23, 2025

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What could have happened much, much further down the road (or even avoided given the right circumstances) is now in the headlines – the US is headed into a recession. And if you wanted to send a thank you card to someone, you could send it to 1600 Pennsylvania Ave and address it to the Trump administration.

Between the unpredictable tariffs and constantly evolving regulatory shifts, this recession seems like it was part of the “plan” all along. The four big contributors are government spending remaining high, industrial construction on hold since March, manufacturing getting hit hard by tariffs, and consumer spending slowing.

Even if Trump’s reshoring efforts worked perfectly, we’d still be looking at two years of inflation and recession. And nothing in this administration has been done perfectly so expect this recession to be much deeper and longer than necessary.

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YouTube Video Link: https://youtu.be/dfzesL2mJgw

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