Carol Roth

The craziest thing that's happened over the past several days is that the Atlanta Fed, one of the branches of the Federal Reserve that has a tool that predicts GDP for each quarter, they went in the last four weeks, okay, four weeks time from predicting that we were going to have almost 4% GDP growth in the first quarter to now negative 3%. in the first quarter.

The craziest thing that's happened over the past several days is that the Atlanta Fed, one of the branches of the Federal Reserve that has a tool that predicts GDP for each quarter, they went in the last four weeks, okay, four weeks time from predicting that we were going to have almost 4% GDP growth in the first quarter to now negative 3%. in the first quarter.

That is a seven percentage point difference in four weeks, which A, just goes to show what a joke any of this reporting and these tools and this data are. But I think also shows, hey, we've got somebody else at the helm here, so now we don't need to doctor these numbers in a way that seem a bit more friendly.

That is a seven percentage point difference in four weeks, which A, just goes to show what a joke any of this reporting and these tools and this data are. But I think also shows, hey, we've got somebody else at the helm here, so now we don't need to doctor these numbers in a way that seem a bit more friendly.

That is a seven percentage point difference in four weeks, which A, just goes to show what a joke any of this reporting and these tools and this data are. But I think also shows, hey, we've got somebody else at the helm here, so now we don't need to doctor these numbers in a way that seem a bit more friendly.

And so we potentially could be seeing something ugly, which is something that we've talked about many, many times. And this has been a setup that they knew was coming. If you if you go back to the middle of last year, you had a bunch of, quote, unquote, Nobel economists that put out a piece that said that Trump was going to create inflation. He was going to do all these bad things to the economy.

And so we potentially could be seeing something ugly, which is something that we've talked about many, many times. And this has been a setup that they knew was coming. If you if you go back to the middle of last year, you had a bunch of, quote, unquote, Nobel economists that put out a piece that said that Trump was going to create inflation. He was going to do all these bad things to the economy.

And so we potentially could be seeing something ugly, which is something that we've talked about many, many times. And this has been a setup that they knew was coming. If you if you go back to the middle of last year, you had a bunch of, quote, unquote, Nobel economists that put out a piece that said that Trump was going to create inflation. He was going to do all these bad things to the economy.

And I called it out right then and there and said, this is a setup. They know this is coming no matter what. And so they are setting the groundwork to blame this on Trump. And so, you know, get ready for the talking points. You know, Trump's been, as we said, only in there for six weeks. He hasn't even really had a chance to do anything about the economy. Congress certainly isn't helping.

And I called it out right then and there and said, this is a setup. They know this is coming no matter what. And so they are setting the groundwork to blame this on Trump. And so, you know, get ready for the talking points. You know, Trump's been, as we said, only in there for six weeks. He hasn't even really had a chance to do anything about the economy. Congress certainly isn't helping.

And I called it out right then and there and said, this is a setup. They know this is coming no matter what. And so they are setting the groundwork to blame this on Trump. And so, you know, get ready for the talking points. You know, Trump's been, as we said, only in there for six weeks. He hasn't even really had a chance to do anything about the economy. Congress certainly isn't helping.

And yet we're already getting the rhetoric that, oh, look what he did to our really great economy.

And yet we're already getting the rhetoric that, oh, look what he did to our really great economy.

And yet we're already getting the rhetoric that, oh, look what he did to our really great economy.

Yeah, it absolutely would cause our inflation to go through the roof because, you know, even with the cash in and cash out that we have, as we said, we're running these wartime level deficits. And by the way, we're financing those at high interest rates, not necessarily in the historical context, but in the context of the last 15 years.

Yeah, it absolutely would cause our inflation to go through the roof because, you know, even with the cash in and cash out that we have, as we said, we're running these wartime level deficits. And by the way, we're financing those at high interest rates, not necessarily in the historical context, but in the context of the last 15 years.

Yeah, it absolutely would cause our inflation to go through the roof because, you know, even with the cash in and cash out that we have, as we said, we're running these wartime level deficits. And by the way, we're financing those at high interest rates, not necessarily in the historical context, but in the context of the last 15 years.

And in a way that we have now made the interest expense on our debt, you know, what we're paying for stuff we've already bought exceed the financing charges exceed what we're spending on defense. Niall Ferguson has a great sort of maxim, if you will, that basically I'm paraphrasing here, but, you know, nations that spend more on interest exceed.

And in a way that we have now made the interest expense on our debt, you know, what we're paying for stuff we've already bought exceed the financing charges exceed what we're spending on defense. Niall Ferguson has a great sort of maxim, if you will, that basically I'm paraphrasing here, but, you know, nations that spend more on interest exceed.

And in a way that we have now made the interest expense on our debt, you know, what we're paying for stuff we've already bought exceed the financing charges exceed what we're spending on defense. Niall Ferguson has a great sort of maxim, if you will, that basically I'm paraphrasing here, but, you know, nations that spend more on interest exceed.