People are fairly resilient, creative and energetic, mobile and restive unwilling too long remain depressed. Trade war with China isn’t too likely to cause deep depression so much as the twin towers of irrational exuberance and flimsy investment and terrorism that interrupts physical resource flow to factories and production.
Exhaustion of resources and other physical impacts to the social and political economy that force slumps are more damaging than administrative blockages. Yet I am not an economist. and might be wrong.
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