Keep pulling the thread on Paul Krugman.
In 2025, 90 years of U.S. trade policy were abruptly discarded and replaced with very high tariffs.
The U.S. is experiencing an affordability crisis, driven by high interest costs and a significant increase in the cost of buying a first home.
The U.S. job market is currently 'frozen,' making it very difficult for new entrants or those who lose their jobs to find new employment.
The U.S. government is operating with a $2 trillion deficit, taking in $5 trillion in tax receipts while spending $7 trillion.
The U.S. has a political deadlock where popular programs like Medicare and Social Security are maintained without a political willingness to collect enough taxes to pay for them.
The U.S. economy has become more fragile because 10 companies represent 40% of the S&P 500 index.
The U.S. economy would likely be in a recession right now if not for the high level of capital expenditure on data centers.
The global economy is vulnerable because the capital expenditure decisions of approximately 10 individuals can significantly impact it.
There is a very high likelihood of a government-backed bailout in 2026 to sustain the AI-related capital expenditures that are currently propping up the market.
The current U.S. administration does not have a coherent AI policy or a broader economic policy, and there are no identifiable policy experts within the White House to engage with.
JPMorgan Chase CEO Jamie Dimon indicated the bank is limiting its involvement with the current administration due to concerns about potential actions from future Departments of Justice.
The level of corruption in the current U.S. administration is on a different scale than in the past, potentially exceeding even the Gilded Age.