The Trump Boom Is Here
Welcome back to Friday! This is the Breitbart Business Digest Weekly Wrap, where bring you seven days of data and insight about the economy in a single newsletter. Think of it like the top of the new food pyramid with all the good proteins and fats at the top.
We don’t know quite how to break this to you but you are probably going to have to raise your expectations for the U.S. economy. The data this week show that the economy has been outperforming the forecasts of even the most optimistic analysts. Productivity is soaring, the trade deficit is crashing, the unemployment rate is falling, and GDP appears to be on track for what we’ve come to think of as Kudlow-Compliant Growth. The Trump boom is here, and it has arrived even earlier than expected.
The Supreme Court Headfake: We Have No Tariff Opinions Today
When the Supreme Court announced earlier this week that it was going to issue at least one opinion on Friday, nearly everyone assumed we would get a ruling on the Trump administration’s tariffs. The court heard oral arguments on the case in November and is widely expected to come out with a ruling pronto.
The oral arguments did not appear to go very well for the administration. Several justices—including Chief Justice John Roberts and Justices Amy Coney Barrett and Neil Gorsuch—seemed very skeptical about the administration’s argument that the International Economic Emergency Powers Act of 19
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