RandAlThor@lemmy.ca to Canada@lemmy.ca · 8 days agoBank of Canada governor: Trump’s tariffs creating once-in-a-century economic shockwww.politico.comexternal-linkmessage-square6fedilinkarrow-up11arrow-down10cross-posted to: [email protected]
arrow-up11arrow-down1external-linkBank of Canada governor: Trump’s tariffs creating once-in-a-century economic shockwww.politico.comRandAlThor@lemmy.ca to Canada@lemmy.ca · 8 days agomessage-square6fedilinkcross-posted to: [email protected]
minus-squarewise_pancake@lemmy.calinkfedilinkarrow-up0·8 days agoI think this will be more like the mortgage crisis. When that happened trillions of dollars that never existed finally went poof. With tariffs trillions of dollars in efficiency and infrastructure around the world will just disappear.
minus-squarehuppakee@lemm.eelinkfedilinkarrow-up0·7 days agoWas what you call the subprime mortgage crisis what happened in 2008 or so?
minus-squarehuppakee@lemm.eelinkfedilinkarrow-up0·7 days agoThanks wasn’t sure, Europe had a buy 1 get 1 free because it made the euro unstable since not all countries fell equally hard after the “poof”.
I think this will be more like the mortgage crisis.
When that happened trillions of dollars that never existed finally went poof.
With tariffs trillions of dollars in efficiency and infrastructure around the world will just disappear.
Was what you call the subprime mortgage crisis what happened in 2008 or so?
Yes
Thanks wasn’t sure, Europe had a buy 1 get 1 free because it made the euro unstable since not all countries fell equally hard after the “poof”.