What can I say other than you should have trusted the plan and not been a "Panican."
Oh man, you mean when you look at the numbers, data, and facts that all of the hair-on-fire rhetoric was overblown?
With major indicators from April — the month of peak tariff uncertainty — now in, none show the kinds of recessionary or inflationary conditions implied by business and consumer surveys.
Why it matters: Warnings and anecdotes are taking on greater importance as signs of how tariffs are working their way through the economy.
The big picture: New data out Thursday showed steady retail sales and a surprising drop in wholesale prices in April. So far, so good.
Huh.
The bottom line: 'There is little evidence, so far, that tariffs are inflationary and instead profit margins are being squeezed. But as Walmart suggested Thursday morning, that is a situation that may not last long,' ING chief international economist James Knightley wrote in a note.
Plan trusters ... they seem to be being vindicated.
And you better believe MAGA had thoughts.
Let's hope they're right!
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