The Economic Crisis of the Iran War Could Get Very Bad, Very Fast
If Donald Trump doesn't end the war by April, "oil prices could get into Scary Land," one expert told me. On Friday, the Bureau of Labor Statistics announced that employment growth plunged last month, as the economy lost 92,000 jobs in February. Every major sector saw losses. Even health care, which has accounted for the majority of job growth in the last year, is so weak that a nurses strike in California was enough to push overall job growth into the red. The hiring market is frigid, and monthly job growth since last summer is averaging negative 10,000 per month.
Can U spell R-E-C-E-S-S-I-O-N? Triple digit Oil prices will send the economy into a Black Hole. Ugly is on the horizon.
RE