The US is staring down a fate worse than recession, and 4 other bold forecasts from a top economist

[SWBTATTReg]

5. Stagflation, a word that I haven't heard since when Japan was struggling w/ this at the time some decades ago.

In a way, I was kind of hoping that perhaps real estate inflation across the board, in many high-priced cities and localities, may start retreating a bit.

But unfortunately, I think, that having so much wealth tied up in fewer and fewer pockets, that demand for these fewer and fewer prime assets is forcing a bidding war for these fewer and fewer assets, the velocity effect of money goes down, and the intended impact of spending money via manipulating the interest rate %s is negated, that it takes the Federal Reserve more to stimulate the Economy.

tRUMP has already screwed up the regular economy w/ his ongoing stupid talk of tariffs and thus choking off one of the tiers of growth in this Country. Also witness the Economy slowed down a lot more than expected w/ these stupid actions by tRUMP in recent news.

So, we have the massive Economic Engine fueled by the Consumers in this Country. They drive the Economic Pumps of this Country.
Some say roughly as much as 60% or so. That's a pretty big chunk. The other tier being choked off is that the federal government is
squeezing out spending tRUMP's cuts and screwups, also his uncontrolled flow of yet more income to the top 1%ers in this Country.

When is enough, enough?