I like how they start off with inflation, and show it’s not so bad.
Then second they show the interest rate is declining, something the steadying inflation makes room for.
Then third they show the jobs numbers are awful. The thing that might explain 1 and 2.
Because if the economy is in recession, it is normal for inflation to drop, the economy is cooling so no overheating causing inflation.
Finally GDP seems fine too, but we know this number is heavily influenced by AI growth that has absolutely nothing to do with Trumps policies, and that most think is a bubble.
Looking closer on the inflation curve, it shows a significant uptick from April and forward. Something that shouldn’t happen when the economy apart from AI seems to be slowing down. This increase in inflation seems to me 100% created by Trump making difficulties with for instance tariffs for the general American market.
So all in all IMO from an economic perspective this looks mostly like a C minus when considering the context of the numbers.
But that’s actually way better than expected, because I expected an F. I think without the AI bubble it most definitely would have been an F, as the declining interest rates have NOT kept the wheels turning, showing something with the economy is off.
I like how they start off with inflation, and show it’s not so bad.
Then second they show the interest rate is declining, something the steadying inflation makes room for.
Then third they show the jobs numbers are awful. The thing that might explain 1 and 2.
Because if the economy is in recession, it is normal for inflation to drop, the economy is cooling so no overheating causing inflation.
Finally GDP seems fine too, but we know this number is heavily influenced by AI growth that has absolutely nothing to do with Trumps policies, and that most think is a bubble.
Looking closer on the inflation curve, it shows a significant uptick from April and forward. Something that shouldn’t happen when the economy apart from AI seems to be slowing down. This increase in inflation seems to me 100% created by Trump making difficulties with for instance tariffs for the general American market.
So all in all IMO from an economic perspective this looks mostly like a C minus when considering the context of the numbers.
But that’s actually way better than expected, because I expected an F. I think without the AI bubble it most definitely would have been an F, as the declining interest rates have NOT kept the wheels turning, showing something with the economy is off.