Economy going to be so good but we gotta keep cutting rates; The bottom 50% can no longer afford to live and will never be able to retire; Billionaires running for the exits of private equity.

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  • Kevin Hassett, head of the National Economic Council, argues a wave of new factory construction and reshoring projects is building “massive momentum” for the U.S. economy into next year.

  • He points to dozens of recent factory groundbreakings, strong recent GDP prints near 4%, and robust job creation as evidence that manufacturing-led growth will strengthen in late 2025 and into 2026.

  • The bullish outlook is tied to pro-business tax policy, including full expensing for capital investment, and trade measures, with Hassett framing the growth as non-inflationary “supply-side” expansion from new capacity.

https://www.roic.ai/news/hassett-touts-massive-momentum-for-us-economy-on-factory-boom-bullish-on-2025-26-growth-12-05-2025

Billionaires running for the exits of private equity.

And when private equity catches a cold, Main Street could be hit with a bad case of the flu.

“UBS Group AG’s billionaire clients are planning to curb allocations to private equity funds amid a global slowdown in the market that’s left many buyout firms struggling to raise new cash.

Almost a third of 87 individuals commanding 10-figure fortunes surveyed by UBS are looking to cut contributions to private equity vehicles over the next 12 months, the highest decrease of more than a dozen investment topics cited in the lender’s Billionaire Ambitions Report 2025.

At the same time, about half of those polled in the second half of this year said they intend to boost their bets in so-called private equity directs, the typically riskier area of buying stakes directly in companies, the Zurich-based bank said in the report released on Thursday.

That was the highest increase among the same set of categories…”

https://www.bloomberg.com/news/articles/2025-12-04/billionaire-ubs-clients-plot-retreat-from-private-equity-funds