Trump’s Private Market Economy Soars Despite Low Inflation (Biden’s Government Economy Was The Inverse – High Inflation, Low GDP Growth)

Welcome to the Trump economic revolution!

As of June 9, 2025, the Atlanta Fed’s GDPNow estimates that real GDP growth was 3.8%. So much for Trump’s tariff “war” destroying the economy.

Latest estimate: 3.8 percent — June 09, 2025

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 3.8 percent on June 9, unchanged from June 5 after rounding. After recent releases from the US Census Bureau and the US Bureau of Labor Statistics, a decrease in the nowcast of second-quarter real personal consumption expenditures growth from 2.6 percent to 2.5 percent was partly offset by an increase in the nowcast of real gross private domestic investment growth from -2.2 percent to -1.9 percent.

Biden relied on government hiring and Fed’s money printing to drive the US economy. And then the gas ran out.

Inflation Keeps Falling, But Shelter Inflation At 3.86% YoY (Core Inflation Declines To 2.787% YoY)

Gimme (affordable) shelter!

May Rent inflation 3.81% YoY, down from 3.98% in April, lowest since Jan 2022.

May Shelter inflation 3.86% YoY, down from 3.99% in April, lowest since Nov 2021

In general, CPI increased 0.1% MoM after rising 0.2 percent in April; Over the last 12 months, the all items index increased 2.4 percent before seasonal adjustment. The index for all items less food and energy rose 0.1% in May, following a 0.2% increase in April.

The index for shelter rose 0.3% in May and was the primary factor in the all items monthly increase. The food index increased 0.3% as both of its major components, the index for food at home and the index for food away from home also rose 0.3% in May.

In contrast, the energy index declined 1.0% in May as the gasoline index fell over the month.

Indexes that increased over the month include medical care, motor vehicle insurance, household furnishings and operations, personal care, and education.

The indexes for airline fares, used cars and trucks, new vehicles, and apparel were among the major indexes that decreased in May.

Core inflation is up 2.787% YoY, considerably lower than under Autopen Biden.

M2 Money is currently growing at 4.3%.

CMBS Office Serious Delinquencies At 10.59% As US Treasury Yield Curve Steepens

I’ll feel a whole lot better when CMBS office serious delinquenies get below 10%. But serious delinquencies on office space is currently at 10.59%.

The US Treasury yield curve is steepening.

Office delinquencies are likely to rise in Los Angeles as Governor Newsom sits on his greasy hands as LA burns.

Into The Mystic? Mortgage Applications Decrease 3.9% In Latest MBA Weekly Survey (Purchase Apps Drop 15%)

Mortgage applications decreased 3.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 30, 2025. This week’s results included an adjustment for the Memorial Day holiday.

The Market Composite Index, a measure of mortgage loan application volume, decreased 3.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 15 percent compared with the previous week. The seasonally adjusted Purchase Index decreased 4 percent from one week earlier. The unadjusted Purchase Index decreased 15 percent compared with the previous week and was 18 percent higher than the same week one year ago.

The Refinance Index decreased 4 percent from the previous week and was 42 percent higher than the same week one year ago.

Most mortgage rates moved lower last week, with the 30-year fixed rate declining to 6.92 percent and staying in the 6.8 to 7 percent range since April.

Biden/Harris/Yellen’s gross economic mismanagement reminds me of the song “Into The Mystic.” Because it requires a mystic to determine WHO was running the Biden/Harris adminstration and using the autopen.