Tuesday, May 06, 2025

So What's New?

So what's new? Not all that much that I want to talk about.

The US GDP declines by 0.3% last quarter. One more quarter of GDP decline and we'll be officially be in a recession.

The College of Cardinals will begin balloting for a new Pope tomorrow now that Pope Francis has been laid to rest.

The Stock Market continues to be jittery and Trump continues to be unpredictable. His latest things include (1) saying he wants to reopen Alcatraz, (2) he wants to put tariffs on foreign movies and (3) he's not sure if he has to uphold the Constitution.

I wish Trump would find a new toy and stop with the tariff shit already.

The Fed will meet Wednesday and decide on interest rates. Inflation is sitting at 2.4% so they can either cut rates or leave them the same. It sounds like most economic experts expect them to keep rates the same despite the incessant whining from the White House to cut them.

I passed my cancer check last week but will go through it again in six months. My daughter is recovering from her ACL surgery but is getting more than a little tired of being laid up. She started physical therapy this week so she has my sympathies.

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