The American economy continues to lurch forward in spite of the obstacles created by Trump. This is due to spending fueled by the rising stock market, which in turn is the result of AI optimism and huge investments in data centers. At the lower end of the pyramid, consumer confidence has collapsed, and real wages are no longer increasing due to Trumpflation. What does it mean?
That intentionally or not–probably not–Trump has effectively embraced the dollar store economy.