When Donald Trump was reelected in November, many investors declared the so-called Trump Trade would spur US stocks to new highs. But markets are now spooked by fears the world's largest economy is close to recession.
10 of the last 11 recessions happened under Republican presidents. Recessions are more effective at widening wealth inequality than even the most aggressive tax plan changes. The longer the recession, the higher the damage goes into the middle class, as privately owned businesses begin to fold and get scooped up by corporations.
10 of the last 11 recessions happened under Republican presidents. Recessions are more effective at widening wealth inequality than even the most aggressive tax plan changes. The longer the recession, the higher the damage goes into the middle class, as privately owned businesses begin to fold and get scooped up by corporations.