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Meanwhile, the will-they, wont-they uncertainty surrounding proposedtariffshas shaken consumer confidence and rattled the markets.
This assessment seems to validate the claims of experts who previously warned thatTrumps policiescould lead to serious economic challenges.
Obviously, hes seen as pro-business and yes, tax cuts everybody likestax cuts.
But we already have the biggest runaway, 16-year streak of deficits.
We have not seen a balanced budget since 2001 or something like that.
Its just crazy,he said.
Unfortunately for consumers, Dents prediction about spending cuts seems to be playing out.
Dent also points to another risk: the impact mass deportations could have on the economy.
So Im just saying, its a bit ill-timed.
The size of that trade war looks like pennies relative to whats currently contemplated, he said.
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