Today 8:23 am
U.S. economy shrank in early 2025 as tariffs sapped growth and imports surged
GDP contracted at an annual rate of 0.3 percent, a new report shows, as panic purchases ahead of tariffs fueled imports.
https://www.washingtonpost.com/business ... y-tariffs/
Those familiar with The Master's timeless treatise "Econometrics - A Robust Heuristic for Analysing Performance of Presidential Administrations" will argue that an incoming administration can't be held responsible for GDP in the first quarter of their term.
Given the legislative process, it is nearly impossible to both pass, and see the effects of, major policy initiatives less than 3 months after inauguration.
Unless you're Bubble Boy - Unchained.
GDP contracted at an annual rate of 0.3 percent, a new report shows, as panic purchases ahead of tariffs fueled imports.
https://www.washingtonpost.com/business ... y-tariffs/
Those familiar with The Master's timeless treatise "Econometrics - A Robust Heuristic for Analysing Performance of Presidential Administrations" will argue that an incoming administration can't be held responsible for GDP in the first quarter of their term.
Given the legislative process, it is nearly impossible to both pass, and see the effects of, major policy initiatives less than 3 months after inauguration.
Unless you're Bubble Boy - Unchained.