The rest of the world's economies have already gone south, could the U.S. be far behind?

So, other nations like Russia have already raised their interest rates to over 7% in preparation for a recession environment at the least. If Saudi Arabia raises oil prices, for example right now, a recession that appears to be starting around the world (except for the U.S.) could possibly even turn into a depression. So, it's not surprising that Trump is pretending nothing happened regarding Khashoggi and the Saudi Prince in the hope that he won't raise oil prices. Because the economy was all Trump had going for him at this point and that is going south worldwide too.

So, since the world appears to be already entering (or preparing for a recession) it's not surprising the U.S. Fed is raising interest rates too to protect the economy and those on fixed incomes from further harm.

From my point of view, Recessions come and go and they are seldom not survivable (except for the Great Recession and the Great Depression) for most people.

However, what really is scary is a Trade War between the U.S. and China (WHILE) a recession is beginning worldwide. And Trump started this but he cannot finish it so far. (And might not be able to ever finish it while he is president. So, just like terrorists we might be living with a Trade War with China or other nations far into this century the way this is presently going.

Trade wars (like other wars) can take on a life of their own (based upon revenge) just like Pearl Harbor was revenge for a Trade war by the U.S. against Japan in 1941. So, Trump's irresponsible trade war could eventually bring economic ruin not only to China but to the U.S as well.

And if that happens who wins? Putin from his blackmailing Trump into the Trade War in the first place. China loses, the U.S. loses and Trump loses. Only Putin and Russia could win from all this.