A downturn is inevitable regardless. The economy ebbs and flows and we're already in a longer than typical expansion, I guess that's somewhat expected since we were coming off such a low. There's no telling how long this will last but everything I've read seems to point to no imminent risk of recession but a mild to moderate one is still expected within a few years.
One point that I feel is important: As for the trade war, I think it may be one thing that Trump is actually useful for. China's not playing nice with us or other countries across world on a whole host of issues while they'recommitting atrocities at home as they turn back towards being a full-on dictatorship. I think (hope) that the real purpose of the trade war is to "disengage" from the Chinese economy to the furthest extent possible as others have suggested. China has no interest in stopping the forced technology transfers, ip theft or state backing of their own companies. The Chinese communist party is going to cause massive problems throughout their region and possibly the world in the coming decades.
It makes me feel all warm and fuzzy inside knowing that the city has taken up over half of its borrowing limit on just the public safety bond. It's disheartening that of all the places we could have spent almost $200 million, most of it is going towards moving employees out of downtown to a squat suburban style office building with a big parking lot out front.
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One point that I feel is important: As for the trade war, I think it may be one thing that Trump is actually useful for. China's not playing nice with us or other countries across world on a whole host of issues while they'recommitting atrocities at home as they turn back towards being a full-on dictatorship. I think (hope) that the real purpose of the trade war is to "disengage" from the Chinese economy to the furthest extent possible as others have suggested. China has no interest in stopping the forced technology transfers, ip theft or state backing of their own companies. The Chinese communist party is going to cause massive problems throughout their region and possibly the world in the coming decades.
https://www.lansingstatejournal.com/story/news/local/2024/06/10/lansing-city-borrowing-limit-finances-auditor-maner-costerisan/74049848007/