Stress Testing A Resilient Economy

How damaging to the US economy are Trump’s on-again, off-again tariff proclamations? The stock market is barely reacting to them anymore, but consumers remain worried about the inflation implications of tariffs, according to “soft” survey data. Even so, they’re still breaking out their billfolds, feeling well supported by the strong labor market. Indeed, the “hard” economic data confirm that the US economy remains remarkably resilient despite Trump’s Tariff Turmoil. Today, Dr. Ed walks us through the data as the US economy deals with Trump’s stress tests. ... Also: Dr. Ed reviews “The Narrow Road to the Deep North” (+).