Pages

Saturday, May 03, 2025

THE TRUMP ECONOMY IS KICKING ASS!

U.S. economy shrank 0.3% in the first quarter as Trump policy uncertainty weighed on businesses
  • Gross domestic product fell at a 0.3% annualized pace, largely pushed by a surge in imports ahead of President Donald Trump’s tariffs.
  • Imports soared 41.3%, driven by a 50.9% increase in goods. 
  • Imports subtract from GDP, so the contraction in growth may not be viewed as negatively given the potential for the trend to reverse.
  • IMPORTS SOARED BECAUSE THE THREAT OF TARIFFS CAUSED A RUSH TO GET IN ALL ORDERS BEFORE PRICES WERE RAISED.

    IN OTHER WORDS, 

    THE CONTRACTION IS TEMPORARY! 


    “Nine thousand jobs have been cut in government, but the private sector has grown.”

No comments:

Post a Comment