gfp: I don't care how long this buying binge lasts. The longer the better, because the inevitable crash will be that much more severe. The country is stuck with Biden era deficit spending until September. And while the Trump Administration won't be able to eliminate the $2.5 Trillion deficit completely they are going to make a huge dent in it when his first budget gets negotiated. Even if they only manage to cut that number in half that is still going to be $1.25 Trillion less liquidity propping up the economy and the markets.
The real truth on the economy is that if you strip away all government spending from the GDP calculations we have had negative growth since Covid. The economy under Biden was mostly propped up by wasteful government spending and a huge increase in government jobs which are counterproductive to growth. So Trump isn't going to be the cause of a drop in GDP. It is that with interest on our debt exceeding our defense budget the status quo could not possibly go on. Bessent has to roll over $10 Trillion this year. If he can't do so at lower rates due to lackluster demand then the interest on the debt will eat up an even larger portion of the Federal budget. Every living Senator, Congressman, current or out of office, that ever voted for all the grotesque overspending should immediately lose all pension benefits. They have boxed the country into an economic corner that even at best will take several generations to get under control.
Market Data 
Markets 
AI
