**Glass Half Full:** The American economy is so robust and strong that nothing can derail it.
Over the past 5 years, it has faced down: a global pandemic, rampant inflation, a 5% rate bump, geopolitical instability, capricious tariffs, an aging workforce, bloated social spending, a federal budget that will explode the deficit, and everything coming from the Trump White House.
And yet, it has continued to churn out >2% GDP growth, sub-4.5% unemployment, & 16% annual growth to the S&P 500.
We have hit *late-stage capitalism* here in America, and it is an unstoppable juggernaut where “graph only goes up”.
**Glass Half Empty:** Because the economy is so bulletproof, Americans are shielded from any tangible economic consequences other than mild inconveniences, allowing them to excuse the gross mismanagement of the Trump administration and it’s steady degradation of American institutions and democracy to focus on social issues.
2 Comments
Nothing is never not priced in, obviously. The moguls have foreseen that all will be right.
https://archive.ph/7kzrG
**Glass Half Full:** The American economy is so robust and strong that nothing can derail it.
Over the past 5 years, it has faced down: a global pandemic, rampant inflation, a 5% rate bump, geopolitical instability, capricious tariffs, an aging workforce, bloated social spending, a federal budget that will explode the deficit, and everything coming from the Trump White House.
And yet, it has continued to churn out >2% GDP growth, sub-4.5% unemployment, & 16% annual growth to the S&P 500.
We have hit *late-stage capitalism* here in America, and it is an unstoppable juggernaut where “graph only goes up”.
**Glass Half Empty:** Because the economy is so bulletproof, Americans are shielded from any tangible economic consequences other than mild inconveniences, allowing them to excuse the gross mismanagement of the Trump administration and it’s steady degradation of American institutions and democracy to focus on social issues.