Tariffs hit at wrong time in the cycle.
See that plunge in Consumer Goods Imports (-36.2% so far)? 👇🏼
Again, you can’t have inflation when consumers are tapped out. If this tariff nonsense were happening at the beginning or middle of the economic cycle, this chart would look different. pic.twitter.com/N6Pi9ZpV8t
— Kalani o Māui (@MauiBoyMacro) June 26, 2025
As economic data gets worst
Yields are continuing to fall. 📉
The 10 Year is now getting closer to 4% then 4.5% let alone 5%. pic.twitter.com/W0UCs7Kv4F
— The Coastal Journal (@1CoastalJournal) June 26, 2025
See also The inflation story is a fraud and the pipeline data confirms a repeat of the 2021 collapse