The first 100 days of Donald Trump may have been the longest, figuratively, of any American president in history. But we can also definitively say that they were the most disastrous, never. Its draconian deportations, its destruction of the federal government and its crazy tilted-whirls have led its number of approval so low that it is a modern wonder; The last time a president was hated after 100 days, we were fighting a world war and the Slinky was the most popular toy in the country. Trump found himself here for any other reason than to pursue the very policies that he promised to continue on the campaign track. This is the story of its first 100 days: the Americans have elected a stupid asshole, and the natural consequences followed.
Now consider the next 100 days, which seem to be even worse for all of us, including the president. As The New RepublicAlex Shephard Written this weekThere are many good reasons to believe that Trump is standing with the American people has not yet touched back, the main one being that the worst has not yet been to come. The president, writes Shephard: “always cling to the prices, which will inevitably lead to the shortages of products and the increase in costs in the near future – not to mention a potential recession, whose chances are disturbing.”
Last weekend, Apollo’s world economist, Torsten Slok, published an overview of upcoming attractions in the form of a reporting report what he calls the “imminent voluntary reset reset”. As the SLOK documents, Trump’s economy – although slowly – was stimulated by the fact that stocks increased rapidly as companies were in anticipation of the prices imposed. Now that the prices have arrived, the sugar is over and the collapse is on the way. The easiest way to look at the future is on page 4 of the Slok report.
What we have here is the prelude to the summer of rarity, soon coming to a retailer near you. We are already doing well and fully in the scene where activity in our ports falls from a cliff. As Tim Noah of TNR wrote this week:
This is how it starts. The recession arrived in Seattle, with cargoes down 60%. Los Angeles will be the next one. Not later in November, the Los Angeles Times reported that the circulation of cargoes in the ports of Los Angeles and Long Beach had reached record peaks. But last week, he quoted the executive director of the port, Gene Serka, predicting that “in two weeks, arrivals will drop by 35%”. The reason, said Seroka, was that “essentially all the expeditions outside China for large retailers and manufacturers have ceased, and freight out of the Southeast Asian sites is much softer than normal.”
From there, says Tim, there will be less cargo to ship across the country, and inevitably, fewer people employed to do this work. Already, UPS has dismissed 20,000 workers due to “current macroeconomic uncertainty” that I really think it was not all Uncertain when Trump was re -elected. This highlights only another disaster reality: even if Trump has canceled his prices tomorrow, a large part of the chaos to come is cooked in our future, because it would take an important time to restart the world shipping machine. “Expect that the ships are in offshore, orders to be canceled and generational retailers well managed to file for bankruptcy,” explains Slok.
