Today’s news that America’s GDP shrank in the first quarter of this year is not proof that the economy is heading for a deeper slump. But, as our analysis shows, there is other evidence that the economy may be about to experience a mighty shock. Real-time data are starting to set alarm bells ringing. And tech bosses have worked hard to ingratiate themselves with Donald Trump in an attempt to insulate their firms and shareholders from his worst policies. So far their toadying has not helped much. As well as starting a growth-sapping trade war, the president appears unwilling to spare big tech from the trustbuster’s snare. |