...Bessent's policy of making the private sector the engine of growth and source of job creation has merits, but with wrong timing.
...Trump 2.0 has created great uncertainty with his trade war that reliance on the private sector to generate jobs would at best be a longer term realisation.
...and this is why a US recession is a likely outcome and yet to be factored by the markets.
100 tech companies across the world terminated 29,537 jobs during the first three months of 2025 so far, per RationalFX
The technology sector of America cut its workforce by 20,000 https://x.com/unusual_whales/status/1902343548370088044
