The Tariff Miracle??? (Patreon)
Published:
2025-07-30 16:12:02
Imported:
2026-06
haven't archived this post yet. have a subscription? use the importer!
Content
Even despite Govt Spending being slashed, that is what kept GDP positive over the last 4 years under Biden, net exports are doing very well.
US Q2 GDP is out with +3.0% (vs 2.6% expected, –0.5% prior).
Trade distortions boosted the headline. If we strip out tariff-driven trade swings & volatile inventories, GDP looks very different:
➡️ Clean GDP ≈ +1.1%
The underlying economy is growing modestly, leaning on households. Business investment remains weak, momentum is softer than the headline suggests.
RATE CUTS ARE DESPERATELY NEEDED... ALL IS NOT ROSEY!
Files
Previews only