This comes as the economy crashes nationwide because of his tariffs.
Payrolls is much weaker, and the U.S. lost -23k jobs in March, well below expectations of +80k.
Huge downward revisions, too: May now +63k (instead of +129k), June now +20k (down from +53k).
Very bad news. Revise down your views substantially.
@wsj.com
www.wsj.com/economy/hous...
1. Biggest monthly *drop* in consumer confidence since August 2021
2. Biggest 2-month *jump* in inflation expectations since June 2022.
The power of MAGAnomics!
The power of MAGAnomics!
Tariffs will be paid in cash to the US by other countries
AND
These payments will replace taxes
BUT
Americans will still refuse to buy those goods
AND
They will decide to pay more to make them in America
BUT
The tariffs are just a tactic for negotiating deals and won’t really happen