In first quarter 2025, the economy declined by 0.5%…to the delight of Trump haters, who assured us that a) this was because of his damnable tariff policy and b) it was just the tip of the iceberg; that the economy would go down the tubes, stocks would drop through a trap door and inflation would blow up sky-high.
Today the second-quarter economy data came out. we are up 3.3%. Not down, up.
And all three major stock market indices – the Dow, NASDAQ and S&P500 – have hit new all-time highs this week.
And inflation remains at 2.7% – less than the 3.0% Trump inherited from the previous administration.
Tell you what: as economic disasters go, this is a pretty good one. May we stay just as disastrous going forward.
