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And that’s basically it!
For the billionaires planning on buying everything up to finish up Russiafying our Oligarch it's a great thing.
And the sky is orange…
The moment you realize you're getting a golden shower from Trump who didn't drink enough water.
Hmm you should probably head to your basement if you have one if that's the case lolol
Yeah good news for his boss Putin the rest of the world not so much.
We had a 22 percent increase in domestic investment.
That's good, it really is, but that in and of itself doesn't mean much. Industrial production left the US for a reason. What's changed? The cost of living has only gone up, especially housing, which means the cost of domestic labor is still going to be much higher than many other countries, so how do these US producers plan to turn this new capital investment into a profitable enterprise? How are they going to profitably produce quality goods that Americans can actually afford? Are they only going to make luxury goods for the highest income Americans? If so, who's going to serve the middle and the bottom income levels?
It is precisely like when Russia's currency tanked like a stricken submarine, which meant their PPP-adjusted GDP shot up the rankings and became one of the highest numbers in the world, which all the tankies promptly seized upon and used as an example of why the sanctions are actually helping Russia, by boosting its domestic economy, which is why everything is going great.
The sanctions on Oil and Gas certainly were helping Russia because they are lacklusterly enforced but drove up the global prices, benefiting Russia.
By half assing sanctions, the EU and US helped bankroll Russias war chest in 2022.
If so, who's going to serve the middle and the bottom income levels?
Certainly not the government!
Maybe slave labor. Or possibly something that actively steals wealth. Like, buying out mortgages then telling families to triple up in the house to cover less food and higher rent. Basically whatever you can imagine that makes things worse for most of us is probably the plan.
Thing is the article says the actual domestic investment growth was 9.8%, not 22%.
Inventories was also most of that. Means less production in future quarters.
who’s going to serve the middle and the bottom income levels?
And laughter ensued from the 1%
That's because all bad news is fake news now, everybody deserves the freedom to choose their own truth! /s
I expect that Navarro will be needing to do a "high prices are good news" bit once stockpiled goods in warehouses in the US also run dry.
If Trump thought that this statement would be a political winner, I suspect that he'd be doing it himself, rather than having Navarro doing so. Right now, the only thing that Trump's currently seeing net positives in the polls I've most-recently seen is his immigration policy. Not on the economy.
Blyat!
Peter Navarro is a quak
So is Ron Vera.
Not a crazy thing to say if you don‘t particularly like the USA which I have to assume he doesn‘t.
Peter Retarddo's claim: Big imports ahead of tariffs beat down GDP, and he praised large investment growth.
The investment growth was largely inventories. Most of the imports go first to inventories, but a lot of the imports are in a bonded state, waiting for someone to pay the tariffs on them, or decide to ship them back. Generally, imports get subtracted from GDP, but are cancelled by inventories and eventual sales. Inventory growth is usually negative for future production/jobs.
Consumption did grow 1.8%, and it is a good estimate for stable growth. Except, in this case, consumption pulled forward from tariffs means lower levels next quarters, and bigger inflation adjustments downward.
https://www.bea.gov/news/2025/gross-domestic-product-1st-quarter-2025-advance-estimate
US has very corrupt GDP measurements, where high interest rates boost GDP calculation through the most corrupt component of Owner's equivalent Rent (about 14% of GDP). This is a made up non-transaction amount. Amazingly, US also adds "free financial services" as though a fair cost was charged into GDP.