Job creation had a poor May and wage growth was tepid.
One data point doesn't make a trend but it really isn't inconsistent with what we've been seeing. We have headwinds in exports and imports thanks to the ongoing trade wars and prospective tariffs on Mexico.
Tariffs have no cost the average tax payer more than the modest tax break they received from the tax bill. Not that it was that big a tax break.
Will there be a recession?
There's a fairly good chance of one since much of the economy is really built on sand. The jobs of the future are in renewable resources, improved health care facilities and measure to combat climate change.
Those jobs would pay well no and be an investment in the future.
This administration wants to drill, dig and pollute.
Not a recipe for success.
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