Summer of Discontent


Read the June Economic Currents in PDF

Much of the discussion surrounding the impact of trade wars focuses on the direct tax that tariffs place on economic activity and the collateral damage of a sharp slowdown or contraction in growth elsewhere in the world. The outcome is not pretty. Such actions could tip the U.S. into a growth recession - which happens when the economy still grows but not fast enough to hold unemployment down - by the turn of the year.

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