by Michael Snyder, The Economic Collapse Blog:

I can hardly believe how rapidly economic events are moving now.  The global trade war that has just erupted is going to be immensely painful.  If you doubt this, just read all the way to the end of this article. There is a reason why the Dow Jones Industrial Average has fallen by more than 1,300 points over the past two days.  The top minds on Wall Street clearly understand what is coming.  China, Canada, Mexico and the EU could avert disaster by negotiating with President Trump, but they are all choosing not to do so.  Everyone is digging in for a long fight, and the result is going to be absolutely disastrous.  Of course all of this is happening at a time when it appears that a recession has already begun.  We are in far more trouble than most people realize, and the months ahead are likely to be quite excruciating.