I doubt anyone believes the prognosis for the economy as outlined by the government. Food, housing, medical and taxes are all going up. As is the national debt. The DOGE and USAID cuts did not materialize due to Congress. Israeli interests control the federal government and despite several de-escalations of minor wars by Trump, we still are on the cusp of a nuclear and/or civil war.
Trust in the Lord and prepare for the future.
David DeGerolamo
David,
We are in the middle of exiting the taxpayer funded scam via USAID and entering the bring manufacturing back to America plan.
It ain’t gonna happen overnight. That said have you seen the treasury getting all of this fair trade money as we go tit for tat with the countries we have been funding (who have probably been routing commissions back to the Dims and many Republicans).
This year is going to be chaotic. It ain’t gonna smooth out for a while. But the trillions committed to by so many large companies to re establish manufacturing in this country will be very visible before the end of Trumps first term.
Here is a heartening made up story by me, I am sure this conversation has been held hundreds of times. Trump “do you want to sell another iPhone in America ever again?” Apple “yes” Trump Well then you owe me American manufacturing and American jobs. Anything less and I will target you and your components specifically and You will never sell another iPhone in America.
Wouldn’t you love to be the proverbial fly on the wall.
Thanks for everything you are doing. I read the vast majority of everything you send.
Regards,
Will
Our economy has not reached bottom. Nor has our national debt. There are ways out but Congress must be seen for it obstruction by its actions. Hope is not a pathway for success when fighting evil. Faith in the Lord is rewarded if He considers us a righteous nation. It will be a difficult path to regain our morality and divine Providence.
America is new Babylon. The Father ain’t gonna let 60M murdered babies slide. There will be blood.
How many of those companies filed because no more USAID money is coming in? How many filed to get out before investigations start? How many filed because owners saw what was coming and pillaged to get out what they could? The analysis needs to be more granular so we can see the difference between contrived versus organic closures. That data is probably not yet available.
A lot of conjecture
Tariffs are ripping profits off the table and sending companies into the red faster that you can say 1-2-3 its gone………
Now that sounds like conjecture.
It is a hard reality. Even if it sounds like conjecture.
citation of the tariffs and bankruptcies correlation would be nice.
See my comment below regarding my involvement in the industrial economy. Tariffs, if we had not passed them on to customers would have constituted a 24% hit to our profit this year in this US alone. The hit to our parent company in Germany would have been worse. I am not aware of any large company that could sustain that impact for very long
“Don’t worry about American pressure on Israel, we the jewish people control America and Americans know it.” Areil Sharon, 10/8/2001
Food is the highest I’ve ever seen. Home Depot is like double from just a few years ago. Home insurance, energy, concrete, you name it. It’s all gone up. It’s terrible. A hundred dollar bill is like the new dollar. The new dollar nobody seems to have change for. I swear it’s like they either want you to use a credit card or wheel about a butt load of 20s. I walked out of a Sprouts the other day because the cashier said she couldn’t break my hundred and my bill was $70. I said I’ll have to come back later but I just went across the street and bought what I needed where they gladly took my hundred. I’m just glad I grow some of my own food. I’m even happier I can do or fix just about anything otherwise I’d have to go back to work. Thank God for Jesus. My talks with Jesus in prayer are the highlight of my day. That old Ray Charles song No One Knows Better Than I says it all.
The dollar store in now 1.50$
I am in the durable goods industry and we sell to mobile OEMs, industrial OEMs and MRO (primary metal, wood and paper, plastics, e.t.c) We are down, our distributors are down and our customers are down. Don’t need an economist’s opinion, I live it in real time