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That's a pretty big homework assignment you gave me.I think we are in our second quarter of negative gdp growth, and it will stay that way no matter what Trump does this quarter. If he eliminated all tariffs tomorrow our economy still wouldn't recover in time. I also think it's likely Trump's incompetently implemented tariff policy will continue to be a drag on the economy. There is a lot of both hard and soft data, but most of it is soft data, and anecdotes. To help you get started check out data from the Bureau of Economic Analysis for GDP, the Bureau of Labor Statistics for employment figures, the Federal Reserve for industrial production and yield-curve data, the Conference Board for consumer confidence and the Leading Economic Index, the Institute for Supply Management for the Manufacturing PMI, S&P Global for the Composite PMI, and the National Federation of Independent Business for small-business sentiment.
Also, just look around, I don't know what you do, and I don't really care, but how are things going in your city, what about your neighbors, what are they saying? Your colleagues, etc. Everyone in my life tells me it is beginning to impact them.
My neighbors don't talk to me about their financial situation.
I ask them how things are going and they say "Fine".
Isn't that what most people say to be polite?
But I do notice in the Next Door blog a lot people are asking for money because things are getting tougher.