Stagflation -
High Inflation - Low Growth.
Is (by far) the greatest threat to the U.S. economy.
High Inflation caused by Trump tariffs.
Unemployment caused by Low Growth.
AI spending helps GDP growth, but U.S. consumer spending is 68%+ of GDP.
Fact -
(U.S.) ISM manufacturing is now (Down) for the (9th consecutive month in a row) due to declining new orders, and service deliveries.
This coincides with the (start) of Trump tariffs.