Jason Calacanis

In addition to this, student loan delinquency is also going up massively.

They had a big hiatus.

In this case, I think you're wrong respectfully, even though you're the czar of AI.

I'm seeing it with young folks and I'm seeing it with the software that the companies I'm investing in are deploying in other companies.

But we'll see who's right in the coming months and that inflation back up to 3%.

And so this is going to make it particularly hard to cut rates because the reason, when we go back to slide number three there, the reason why

people feel Trump has fallen so short on the economy and taking care of the middle class is because of inflation.

Trump said over and over again, and some people in the administration have been very publicly gaslighting, in my opinion, the country saying, hey, inflation's not happening.

Inflation is happening.

And Trump sold people that prices would go down

We're back up to 3% inflation, folks.

Not only is it not going down, it's going up.

And I think when you put together what people are seeing, this focus on a big ballroom being added, focus on tariffs, things that Americans are not seeing hit their wages, and they're seeing their kids not be able to get jobs, that 9%, this is what's concerning Americans.

Trump has failed the middle class.

That's the bottom line here.

The country does, 66% of them.

And people are seeing equity holders like us, people in crypto get rich.

We're all up 20, 30% this year.

And the working man in this country and the working woman is not.

That's the truth of it.