Recession? HA!
No, my dear snoof, what we are looking at, straight in the face, is the complete meltdown of western capitalism.
to an extent not generally appreciated, capitalism relies on trust and good will, once that is broken, the markets teeter, plans cannot be made, investments seem risky.
Human instinct kicks in and people run from the danger-i.e. sell, sell, sell at any price!
And we simply have NO tools to combat it.
When stocks AND bonds collapse, that is a REAL bad sign, the world is not prepared for one man's madness and here we are.
That spooked the king of idiots to take a small step back, but he has installed a trade embargo with the 2nd biggest economy and 10% tariffs on everyone else! THAT IS MADNESS! And the markets are beginning to realize this.
I would not be surprised if we see a 50% drop in the market in the next few days.