NBC News reported that U.S. Commerce Secretary Howard Lutnick said Sunday (March 9, 2025) that Americans should “absolutely not” brace for a recession as President Donald Trump said the United States is in a “period of transition” as the administration plans to implement far-reaching reciprocal tariffs on goods from foreign countries.
“There’s going to be no recession in America. … Global tariffs are going to come down because President Trump has said, ‘You want to charge us 100%? We’re going to charge you 100%,’” Lutnick told NBC News’ “Meet the Press.”
Americans should remember this prediction from a Trump sycophant and hedge fund company owner because it sounds very similar to the famous prediction by monetary economist Irving Fisher. In October 1929, nine days before the Stock Market Crash, Fisher famously declared that stock prices had reached a “permanently high plateau.”
Fisher was a respected economist (he was awarded the first PhD in Economics from Yale) who went on to create many monetary theories and indexes that quantified economics.
However, a significant difference exists between Herbert Hoover, the president during the 1929 market crash, and Trump. Hoover was considered normal; his behavior was professional, presidential, executive-like, and rational.
Trump’s Mental Problems and Erratic Behavior Will Cause a Recession…or Worse
In contrast, Trump obvious;y has mental problems.
For professional and medical reasons, it can’t generally be discussed on cable news or in the mainstream media, but average citizens can raise the issue based on what they see every day in his current and past terms as president.
As psychiatrists point out in these videos, Trump’s erratic behavior, self-contradictions, repetition of words, inability to talk in complete, coherent sentences, failure to remember, aggression, compulsiveness, lack of sympathy for others, incitement to violence, and proven sociopathic and aggressive behavior against women are all indicative of a lack of self-control and uninhibited (i.e., no self-control).
In the words of one psychiatrist, Dr. Dr Russell Razzaque, Trump has no “filter” to separate his logic from feelings. Other psychiatrists in this video, “Mental Health Experts on Donald Trump,” present different possible diagnoses of Trump’s odd mental behavior.
The bottom line is that Trump has problems with or an under-developed pre-frontal cortex. This part of the brain controls inhibitions and can be why he acts erratically, selfishly, and anti-socially. Trump has even bragged about swindling others and groping women.
The military routinely performs mental health evaluations of anyone who has access to nuclear weapons to determine if they are mentally stable enough to be entrusted with following orders to launch a nuclear attack. This has been routine for decades. However, these suitability tests are not done on presidents, including Trump.
These videos give more details on Trump’s dangerous behavior, such as his malignant narcissism and grandiosity. He is also guilty of “confabulation,” or a person who always lies. This could be a brain or personality problem, the psychiatrists say. The psychiatrists also say Trump is prone to violence and inciting others to violence.
Lutnick Is A Trump Mouthpiece
Lutick is not an economist. He is a lawyer and a Trump accolade.
Lutnick said the tariffs are all about drugs, but less than 1% of fentanyl comes from Canada. He also said, “Trump is the greatest deal-maker in the world.” He also noted that fentanyl smuggling is “shut down.” (He did not provide any evidence of this, and if it is shut down, why does Trump need tariffs?)
He is a big Trump donor. According to Bloomberg News, he gave $5.5 million to Trump’s campaign and raised another $11 million for Trump, including a $5 million donation to MAGA Inc.
“Lutnick argued that Trump plans to ‘unleash America out to the world’ and “grow our economy in a way we’ve never grown before.” he did not elaborate on these predictions.
“So, if Donald Trump is bringing growth to America, I would never bet on recession, no chance,” the commerce secretary added, during his NBC interview.
