Well, howdy there, Internet people, it's Bell again.

So today, we're going to talk about Trump prepping you for recession.

President Trump put out a statement, and it contains the first real acknowledgement from him that recession is on the way.

In true Trump style, he's trying to blame it on someone else, but we can

shed a little light on his framing. So, here's what he said. Quote, with these costs trending

so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a slowing of the economy,

unless Mr. Too Late, a major loser, lowers interest rates now. First, let's start off with

costs trending downward. Yeah, the costs will trend downward in the numbers that are about to

come out, because they lag.

It is widely expected that as Trump's tariffs add costs throughout the supply chain, prices will

rise. Inflation is currently expected to reach double the ideal number, at least. As Trump

himself says, there is concern about a slowing of the economy.

If inflation rises and economic growth slows, that's bad. If you were to add in a bunch of

layoffs from the federal government and additional layoffs from a slowdown in manufacturing

due to supply chain disruptions,

you have the perfect recipe for stagflation. That's what Fed Chair Powell warned about the other day.

Trump is actually agreeing with the result. He's just trying to blame Powell for it.

Reminder, Powell is the guy who led the U.S. to a soft landing. Trump is the guy whose

policies sent the Dow and SMP 500 into correction territory and the NASDAQ into bear territory.

Let's also point out that the economic slowdown signs have been evident for quite some time.

I think the first time we mentioned the Fed Reserve's GDP Now tool was pointing to the February

28th reading, which was forecasting a negative GDP of 1.5% in the first quarter.

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