Don't Look Now, But the Economy's Kinda ... Booming ...Ed Morrissey

[mystery-ak]

Don't Look Now, But the Economy's Kinda ... Booming
Ed Morrissey

Say, weren't we supposed to fall into the Tariff Apocalypse this month? See runaway inflation? According to the Chicken Littles, the consumers were poised to flee the consumer-driven economy as a trade war ravaged Middle America.

Looks like consumers missed the memo on the Tariff Apocalypse. After a hiccup on Liberation Day, the economic indicators all trend in the right direction this month. For example, the runaway inflation not only failed to show, inflation has actually gone down the last three months, including Liberation Month. Today's PCE Index report shows the best month for consumers on prices in months. At the same time, personal disposable income soared:

    Personal income increased $210.1 billion (0.8 percent at a monthly rate) in April, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $189.4 billion (0.8 percent) and personal consumption expenditures (PCE) increased $47.8 billion (0.2 percent).

    Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $48.6 billion in April. Personal saving was $1.12 trillion in April and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.9 percent.

In case anyone needs a visualization of this data in relation to the past year, the Bureau of Economic Analysis provides this chart:



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https://hotair.com/ed-morrissey/2025/05/30/dont-look-now-but-the-economys-kinda-booming-n3803285

[mystery-ak]

https://twitter.com/RapidResponse47/status/1928436481044910168

‘Powerful Numbers’: CNBC’s Santelli Praises Trump for Raising Personal Income
https://www.breitbart.com/economy/2025/05/30/powerful-numbers-cnbcs-santelli-praises-trump-for-raising-personal-income/

[MeganC]

Tourism is way off.

Yellowstone National Park (about 40 miles from here) is not all booked up for the first time since we moved up here in 2010. Usually they will even do lotteries for certain reservations and now you can just go book it.

Memorial Day weekend in Cody is usually something to avoid and this year it was easy peasy to get to the store and come home.

[roamer_1]

Tourism is way off.

Yellowstone National Park (about 40 miles from here) is not all booked up for the first time since we moved up here in 2010. Usually they will even do lotteries for certain reservations and now you can just go book it.

Memorial Day weekend in Cody is usually something to avoid and this year it was easy peasy to get to the store and come home.

Same here. RV park  bookings are usually buried by now, and we should see the tourist herd in a week or so. My buddy does that sort of thing, and he still has a plenty of spots...

No Canucks either - They usually drift south a little before the main tourist season to experience a little spring... So late April and into May, we usually have a lot of Canadian plates running around - visibly so. Not yet. 

[DB]

Perhaps the federal dollar pumping has slowed down...

[Right_in_Virginia]

“WOW”: Inflation Eases, Incomes Rise, Trade Deficit Plummets
May 30, 2025, WhiteHouse.gov

This is a GREAT four-month start to any year,” exclaimed CNBC’s Rick Santelli as brand new economic indicators show inflation is down, incomes are up, and the trade deficit is narrowing — shattering economists’ expectations once again.

INFLATION IS DOWN: “Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows,” CNBC reports.
INCOME IS UP: Personal income increased 0.8% in April — “almost TRIPLE the expectations.” “They’re powerful numbers — up 0.6% in January, up 0.7% in February, up 0.5% last month, up 0.8% this month. This is a GREAT four-month start to any year.”

CNBC: “The income numbers, really, for the first four months of year — they’re stellar … Why don’t we give credit where credit is due? Income really shooting up.”

TRADE DEFICIT NARROWS: It was the largest monthly decline in the trade deficit on record.
CNBC: “We cut it in HALF!? … This really does underscore how the movement of goods and services has really changed due to a variety of tariff-related issues.”

https://www.whitehouse.gov/articles/2025/05/wow-inflation-eases-incomes-rise-trade-deficit-plummets/

[Wingnut]

No Canucks either - They usually drift south a little before the main tourist season to experience a little spring... So late April and into May, we usually have a lot of Canadian plates running around - visibly so. Not yet. 

I live 3000 miles away from you and all I can say is we don't miss them down here.  Precovid we were lousy with Onterians.  Invaders from the GWN.  Now all but gone, along with their fake quarters, bad driving, and general nasty dispositions.   And talk aboot cheep eh, If their coins had a buffalo on them the would squeeze it so hard it would shit.

[LMAO]

I’m old enough to remember just a short while ago when economic data like this coming from the  White House would’ve been dismissed and called fake on this here very forum

I’m not saying these numbers are cooked. But a little consistency would be nice.

[roamer_1]

I live 3000 miles away from you and all I can say is we don't miss them down here.  Precovid we were lousy with Onterians.  Invaders from the GWN.  Now all but gone, along with their fake quarters, bad driving, and general nasty dispositions.   And talk aboot cheep eh, If their coins had a buffalo on them the would squeeze it so hard it would shit.

Yeah... Whacko-liberal Frenchies... That's like judging all Americans by the denizens of NYC or LA - And to magnify the effect, people from wealthier places tend to be the ones who travel abroad. And those wealthy places tend to be liberal. That's why I don't get very offended by the portrayal abroad of all Americans as azzoles... The ones they get to meet probably are. 

We get mostly inland BCers, Albertans, and folks from the Yukon and NWT... Some Saskatchewans... Don't see many Frenchies over this a way... Barring Vancouver and coastal BC, all the folks in those provinces are country - redneck AF - And I do believe they would be right at home in the FL panhandle, or the Mississippi delta, or Texas, or Missouri or Kansas... They sure are at home here...

Likewise when I have gone over the border. I have been all the way north in Alberta and BC. Almost to the Yukon. Been east to about a quarter of the way through Saskatchewan. Other than the Timmy Horton's, Looney bucks, and the occasional weird way of talking, it might as well be here. Good, solid folks. God's own. They work hard, party hard, and love to hunt and fish... There ain't a lick of difference between them and me.