Peter Navarro

We were in one of the worst places we've been in since the Great Depression.

We had

skyrocketing inflation.

We had a recession on the horizon.

We had real wages, which were once again negative, meaning that inflation was outrunning the wage level.

And Donald Trump has turned that around.

In 2026, absent shocks like government shutdowns and things that could happen geopolitically, is positioned to be, Steve, one of the best years

in this country's history, it's pretty amazing.

It's all Trump policy driven.

I mean, the fountainhead is the drill baby drill policies because it's not just lower gas we pay and lower heating oil.

I mean, it filters through transportation costs for companies, fertilizer and food prices and the whole ball of wax.

We've got the largest tax rebate coming in history in

in April for the middle class.

That's going to be a tremendous lift to the economy.

We've seen $18 trillion of investment pledged and already beginning to bear fruits.

One of the things I'm doing, Steve, is I do these little three-minute hits on the Navarro Express podcast where I look at the data and actually give you the right interpretation of the data.

For example,

Just on Friday, the producer price index came out, and it was like people were tearing their hair out, oh, it's inflationary, this and the other thing.

But when you look beneath the hood of that, the increase was driven purely by an artifact of, I don't know if you know this, Steve, but when the stock market goes up significantly, it actually pushes the inflation index up.

But it's got nothing to do