General Discussion

So 0.5 and 1.6 two quarters running. If Biden were presiding over this they'd be calling for him to resign.

Next week's jobs report will be bad too, but they've been pretending bad reports are good lately. As if 115,000 new jobs isn't a terrible number.

It's a bad situation because people are scared and not spending and inflation is a real concern again. What makes it potentially catastrophic though is that the Trump administration and the media will pretend it's not as bad as it is for a long time before doing anything to stop the slide.

Consumer sentiment is at record lows, and consumer spending is what drives everything. And we have a donut hole of a jobs market where 2025 basically created no new jobs, that is an albatross around the American worker that is going to keep hitting for years. An entire year without creating jobs is just hard to imagine after the millions of jobs a year Joe Biden produced for 4 years.

Stock markets are great and people with 401Ks love that, but the spending is going to dry up and companies are going to lose money.