Nah. The US is headed for stagflation.
Historical time series below
Now, I see Trump’s logic. During a war we can have inflation and still have growth. He’s plainly thrown in the towel on fighting inflation.
So, if things start looking too good, it’s time to upset the apple cart again?
It’s pretty bad when the financial markets put more faith into the reaction from Iran than the nonsense that Trump is saying.
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I made a similar comment to my wife last week, that I trust Iran more than Trump. It’s not great.
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Trump has earned this reputation. I can’t stand listening to Leavitt any more either as she just parrots his lies.
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It will be interesting to see how markets close today. Will traders start taking their chips off the table in front of Trump’s 8pm deadline to obliterate Iran, or will they call bullshit on his bluster?
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