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Let Trump cook...
(sh.itjust.works)
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this post was submitted on 02 Mar 2026
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Two things that have also failed to manifest, in large part thanks to the prolific state spending following COVID.
Keep in mind, the event that really knocked over the tower of cards in 2008 was Greenspan's decision to raise interest rates (very sharply) in 2007. Trump's very obviously not going to do that. If anything, he's been working overtime to get interest rates lower, because he knows cheap money = high (raw) GDP growth and low unemployment.
What we're seeing isn't recessionary. It's a glacial shift in the economic priorities of the US, from a post-Reagan titanic banking juggernaut to a post-COVID more-WW2-style global arms depot. The US economy increasingly makes cops and bombs and machines that assist cops and bombs. And there's no recognized upper limit for demand on these goods and services. Not under current geopolitical conditions, anyway.
We're still only 3 days into this war. And yet this is already manifesting right now in real life as we debate it on the internet. https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-sink-while-oil-prices-jump-as-iran-attacks-jolt-markets-235000934.html
Yes, agreed, this is very obvious. Because Trump does not have control over the interest rates.
The second big Iran-Israel conflict in less than a year.
Ah yes. A total nosedive of 0.30%.
This is the Uno-Reverse "Why you complaining when the DOW is over 50,000!" line. Any token sell-off gets reported on like it's Black Friday.
He's lining up his pick to replace Powell as we speak.
I'll come back to this in 4 weeks. See you then 😉
You gotta at least give yourself a full Friedman Unit.
I wouldn't take any kind of advice from Friedman...