{"id":35640,"date":"2025-09-01T02:07:08","date_gmt":"2025-09-01T02:07:08","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/35640\/"},"modified":"2025-09-01T02:07:08","modified_gmt":"2025-09-01T02:07:08","slug":"markets-say-relax-trump-critics-say-panic-whos-right","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/35640\/","title":{"rendered":"Markets Say Relax. Trump Critics Say Panic. Who\u2019s Right?"},"content":{"rendered":"<p>Is it possible to sum up the American economy in a few pictures and numbers? And how well is Donald Trump doing anyway? If Trump is such a terrible president, why is the stock market still up?<\/p>\n<p>No matter your political stance, haven\u2019t you wondered about questions like that? Even if you love Trump, surely you have noticed a lot of people are very nervous about him.<\/p>\n<p>I would like to address those questions and present an overview of where we are at in the simplest possible terms. I expect it will jibe with the politics of relatively few politically committed people, regardless of whether they are Trump supporters.<\/p>\n<p>Let\u2019s start with the first picture, namely <a href=\"https:\/\/fred.stlouisfed.org\/series\/SP500\" rel=\"nofollow noopener\" target=\"_blank\">the S&amp;P 500<\/a>.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/substackcdn.com\/image\/fetch\/$s_!QS1j!,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F73e23870-5f34-436d-b6ab-de041ab91fa3_3004x1590.png\" data-component-name=\"Image2ToDOM\" rel=\"nofollow noopener\" class=\"image-link image2 is-viewable-img\"><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/09\/https:\/\/substack-post-media.s3.amazonaws.com\/public\/images\/73e23870-5f34-436d-b6ab-de041ab91fa3_3004.jpeg\" width=\"1456\" height=\"771\" data-attrs=\"{&quot;src&quot;:&quot;https:\/\/substack-post-media.s3.amazonaws.com\/public\/images\/73e23870-5f34-436d-b6ab-de041ab91fa3_3004x1590.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:771,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:320031,&quot;alt&quot;:&quot;Investors are bullish, the dollar is weaker, and the national debt is mounting\u2014the signals are more mixed than the shouting suggests, Tyler Cowen writes.\u00a0&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image\/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https:\/\/www.thefp.com\/i\/172439700?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F73e23870-5f34-436d-b6ab-de041ab91fa3_3004x1590.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}\" alt=\"Investors are bullish, the dollar is weaker, and the national debt is mounting\u2014the signals are more mixed than the shouting suggests, Tyler Cowen writes.\u00a0\" title=\"Investors are bullish, the dollar is weaker, and the national debt is mounting\u2014the signals are more mixed than the shouting suggests, Tyler Cowen writes.\u00a0\"   fetchpriority=\"high\" class=\"sizing-normal\"\/><\/a>S&amp;P Dow Jones Indices LLC via Fred<\/p>\n<p>As you can see, it is doing more than fine. One thing this means is that the world and American prosperity are unlikely to end anytime soon. American companies are worth a lot and the world recognizes this. As I pointed out <a href=\"https:\/\/www.thefp.com\/p\/i-once-thought-europeans-lived-as-well-americans\" rel=\"nofollow noopener\" target=\"_blank\">in a recent column<\/a>, the chipmaker Nvidia has recently been worth more on its own than the entire German stock market.<\/p>\n","protected":false},"excerpt":{"rendered":"Is it possible to sum up the American economy in a few pictures and numbers? And how well&hellip;\n","protected":false},"author":2,"featured_media":35641,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[79,18,19,17,188],"class_list":{"0":"post-35640","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-eire","10":"tag-ie","11":"tag-ireland","12":"tag-markets"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/35640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=35640"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/35640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/35641"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=35640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=35640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=35640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}