Since our last issue, Trump has implemented his promised tariffs—then he didn’t, then he did again… Honestly, it’s hard to keep track, and the markets seem just as uncertain. If the market is a leading indicator of what to expect, it looks like we’re in for a rough ride.
The combination of an antagonistic approach and these tariffs has already deterred many international travelers from visiting the U.S. Now, we might be facing a triple whammy: declining international visitors, eroding domestic consumer confidence, and the looming potential of a recession.
On a positive note, the price of eggs is down from the peak. Who wants to retire when you can have a cheap omelet?
