Nowadays recessions occur when policymakers do or say dumb things — the economy no longer has an internal clock akin to the changing of the seasons. Sadly, Fed Chairman Jerome Powell's mishandling of monetary policy and the president's tweets and other fits may be enough to send the economy tumbling.
Though I now support the construction of a border wall — it's the only way to keep unauthorized visitors from setting foot on U.S. soil, applying for asylum and then slipping into the general population — President Trump doesn't have the votes in Congress. His tweets and pointless government shutdowns offer financial markets the picture of an unstable and fitful leader.
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