The Great Souring - Tariffs Turn Off the World, Hits Will Be Serious in US

We don't trust the legacy news. But we do pore over the comments posted following the articles they publish. That's how we gain clarity about what could be going on. 

So far, the almost 540 comments to the Yahoo Finance coverage of how the movers and shakers are assessing the impacts of tariffs are primarily negative. And not only about tariffs. The posters also share their disappointment/outrage about what the new US President Donald Trump has enacted so far. 

This kind of response is resonating among my career coaching clients in Canada. One even made the abrupt decision to shift from a job in private industry to government. They anticipate a recession which could kick in within several months in Canada. Around the world there is dismay.

Another signal of the souring mood is that the Yahoo Finance article itself contains pessimism by those interviewed. Usually those kinds of players play it safe when making public statements. For example, EvercoreISI Economics team notes:

"US growth is likely to take a hit as countries move away from US exports, investment falls, and employment declines ... Our macroeconomic teams have estimated a 40 basis point increase in inflation and a 40 basis point drag on growth in the back half of the year."

Monday morning one of the hits could be to the stock market. Of course, futures are down.

My deep concern about "hits" is that more of those over-50 could wind up homeless. Already they compose about 50% of those without a permanent roof over their heads. Because of all sorts of factors intersecting too many who want to work can't find it. Gigs? Much of those, such as picking the grocery products from shelves to be packed up for direct delivery to consumers, are going to youth. 

Timing is almost everything. The timing couldn't be better for the new head of the DNC Ken Martin to organize the Democratic Party to formulate effective strategies to halt the economic damage and more. Martin can re-mobilize those who had been in the front lines of Election 2024. They include newbie politico Melinda Gates, Michael Bloomberg, Jeffrey Yass/Wife Janine, Tony West and law firm heavyweights such as Eric Holder at Covington and Brad Karp at Paul Weiss. 

Poet W.B. Yates put it this way in "The Second Coming."

'Things fall apart; the centre cannot hold; Mere anarchy is loosed upon the world ..."

UPDATE: 

Futures drop more than 450. Threatened are Boomer/Gen Xer nest eggs.

Low on hope about finding, holding, or moving on to better work?  Getting that back is the first step. Then you and I, as your career coach, move on to diagnosing what's in the way, trying out the solutions and creating the communications you need. Free consultation. No pressure. After that, fees custom-made for your budget. Please contact for an appointment Jane Genova (text/phone 203-468-8579, janegenova374@gmail.com). 

 



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