Surprisingly, the administration who first devised an economic strategy and then found one (!!!) economist to support it[1] is bucking conventional wisdom on ho

Surprisingly, the administration who first devised an economic strategy and then found one (!!!) economist to support it[1] is bucking conventional wisdom on how to run an economy. The article says it well: when the president is telling us to "buckle our seatbelts", you should expect hard times ahead. I'd love to be wrong for my loved ones' sakes, but IMO the technical parameters are bleak: 1. Such a huge downturn in government employment that they're proposing removing government spending from GDP[2][3] (which would make for an unbalanced ledger). 2. Cratering consumer sentiment in reaction to both real and imagined threats.[4][5] 3. Growing solidarity in NA & Europe against US trade war tactics, especially for countries where they're driven by provably-false claims about Fentanyl (how does one solve a non-existent problem, even if you wanted to cave?)[6] 4. Vought slowly taking direct control over the Fed, which would obviously send confidence in the dollar into a tailspin. So far they're not claiming control over the fed's monetary activity, but the writing is on the wall to say the least.[7] Not looking great! "Hard Landing" is the best case scenario at this point, IMHO... [1] https://financialpost.com/news/stephen-miran-economist-trump-economic-advisory-team https://financialpost.com/news/stephen-miran-economist-trump... [2] https://apnews.com/article/trump-gdp-economy-government-spending-lutnick-7414ba1bd441bd4bf64620bfd66923b2 https://apnews.com/article/trump-gdp-economy-government-spen... [3] https://bsky.app/profile/quantian.bsky.social/post/3ljijddpvbc2r https://bsky.app/profile/quantian.bsky.social/post/3ljijddpv... [4] https://bsky.app/profile/peark.es/post/3lip32so7k22h https://bsky.app/profile/peark.es/post/3lip32so7k22h [5] https://bsky.app/profile/peark.es/post/3liz5aggx4c2l https://bsky.app/profile/peark.es/post/3liz5aggx4c2l [6] https://www.cnn.com/2025/02/03/politics/us-canada-trade-fentanyl-fact-check/index.html https://www.cnn.com/2025/02/03/politics/us-canada-trade-fent... [7] https://www.documentcloud.org/documents/25538563-ending-independent-agencies-eo/?mode=text https://www.documentcloud.org/documents/25538563-ending-inde...