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Posted on 10/03/2025 9:22:01 AM PDT by JV3MRC
For all the media and lefty expert bluster about how President Donald Trump was supposedly steering the U.S. economy into a recession iceberg, none of it materialized. And one top economist is finally admitting the obvious: The Trump economy is strong, and its obsessive detractors have been dead wrong.
Apollo Global Management chief economist Torsten Sløk reportedly wrote in a Wednesday note to clients that “‘The consensus has been wrong since January,’” according to Fortune magazine business editor Nick Lichtenberg. While the average economic forecasts have said the U.S. economy would slow down “for nine months running,” wrote Lichtenberg, Sløk conceded that “‘the reality is that it has simply not happened … We in the economics profession need to look ourselves in the mirror.’”
(Excerpt) Read more at newsbusters.org ...
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I don’t think Economics is much of a science.
I don’t see that they have “solved” any real problems in the world over the past 100 years or so.
I just see Economics as a branch of Political Science. It’s a tool that political forces use to manipulate public opinion. That’s all. Economists have been trying to convince the public all year long that Trump is a financial disaster. The people who pay the Economists do not like Trump, therefore the “economic data” must say that Trump is a disaster.
This guy is admitting that the BS is obvious to all.
yup, my 401K is up 13% since T$ took office
On the one hand you could be right. On the other hand though you could be wrong.
That’s precisely where we are.
The Left has been nationalizing major industries in all kinds of countries for many decades. They think it helps. Then other politicians (ex. Margaret Thatcher) un-nationalize some major industries. Because they think it will help. Right now over in the UK, they are considering re-nationalizing some industries. They think it will help.
This sort of thing goes back and forth for decades. And in the US — lower taxes to gain more revenue? JFK? Reagan? Or raise taxes to gain more revenue? Most Democrats. It’s been going on longer than I’ve been alive.
If Economics were any kind of science we’d have some answers to some basic issues. But there is still major disagreement. Because it’s really just politics and it’s really just jockeying for power. I don’t think Economics is about money at all.
Decimate: verb. transitive verb: to select by lot and kill every tenth man of
Instead of doing away with only 1 in 10 in the MSM, let's get rid of all of them and start over with a clean slate!
All of the “Soft” sciences the statistical R^2 values usually run between 30 and 50% which means the confidence in the data is less than a coin flip.
Polisci, social studies, behavioral sciences...
Economics is on the higher side just because they have harder data to work with then some of the others but the difference between microeconomics and macroeconomics has a chasm between them.
On the issue of nationalization, please see this post and this post of mine from early this morning from another thread regarding how President Trump is handling the public-private investments in several key American companies.
-PJ
So is my stock market porfolio.
Top Economist Decimates Media ‘Recession’ Fearmongering on Trump Economy.
Dow at 46,835 gee that don’t sound right huh Moe.
The stock market has gone up since the Government Shutdown. Think about it.
It’s been going from time Trump took office small sell off swings are just the small at home day traders.
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