Carol Roth

I'm sure if Trump had two down quarters, they would say it was, but it had a D in front of it, so it wasn't. And then we came out of it, and then it was pretty clear that we were gonna go into this double dip recession. And so what did they do? They decided to increase government spending. which is very inefficient spending.

I'm sure if Trump had two down quarters, they would say it was, but it had a D in front of it, so it wasn't. And then we came out of it, and then it was pretty clear that we were gonna go into this double dip recession. And so what did they do? They decided to increase government spending. which is very inefficient spending.

I'm sure if Trump had two down quarters, they would say it was, but it had a D in front of it, so it wasn't. And then we came out of it, and then it was pretty clear that we were gonna go into this double dip recession. And so what did they do? They decided to increase government spending. which is very inefficient spending.

And we've been running deficits as a percentage of GDP that are at wartime levels. We're talking 6% to 7% of GDP. The historical average is somewhere around 3% or 3.5%. So about double what you might see on average. When you have a good economy, you would actually expect that to be much lower because you're getting more receipts. And that's what happened. We had more receipts.

And we've been running deficits as a percentage of GDP that are at wartime levels. We're talking 6% to 7% of GDP. The historical average is somewhere around 3% or 3.5%. So about double what you might see on average. When you have a good economy, you would actually expect that to be much lower because you're getting more receipts. And that's what happened. We had more receipts.

And we've been running deficits as a percentage of GDP that are at wartime levels. We're talking 6% to 7% of GDP. The historical average is somewhere around 3% or 3.5%. So about double what you might see on average. When you have a good economy, you would actually expect that to be much lower because you're getting more receipts. And that's what happened. We had more receipts.

We were taking in almost five trillion dollars. We were spending U.S. government and they're spending even more. They're spending almost seven trillion dollars. So that was done to mask the weakness and the economy. Now that we don't have the ability to continue to kick up even more and more to show growth, the consumer continues to be tapped out from all the Biden-era policies.

We were taking in almost five trillion dollars. We were spending U.S. government and they're spending even more. They're spending almost seven trillion dollars. So that was done to mask the weakness and the economy. Now that we don't have the ability to continue to kick up even more and more to show growth, the consumer continues to be tapped out from all the Biden-era policies.

We were taking in almost five trillion dollars. We were spending U.S. government and they're spending even more. They're spending almost seven trillion dollars. So that was done to mask the weakness and the economy. Now that we don't have the ability to continue to kick up even more and more to show growth, the consumer continues to be tapped out from all the Biden-era policies.

And the fact that we have Doge, which is trying to cut down government spending, We're at a situation where things could get uglier before they get better or they could get uglier and they could take away the political will to make them better. And that's this delicate dance that we've been talking about, why we need this careful choreography.

And the fact that we have Doge, which is trying to cut down government spending, We're at a situation where things could get uglier before they get better or they could get uglier and they could take away the political will to make them better. And that's this delicate dance that we've been talking about, why we need this careful choreography.

And the fact that we have Doge, which is trying to cut down government spending, We're at a situation where things could get uglier before they get better or they could get uglier and they could take away the political will to make them better. And that's this delicate dance that we've been talking about, why we need this careful choreography.

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.

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.