Great Success or Not So Much?
Jagshemash my name Borat. I am now journalist very important job. I bring you news from United States land of the free and home of the… well you know. Recent reports say the U.S. economy it slow down like my neighbor's donkey after too much fermented yak milk. GDP only grow 1.4%. Is this great success? Not so much I think.
Government Shutdown: Great Job Very Nice?
The government it shut down. Like when I try to fix my car with only hammer and duct tape. Experts say this cause big problem for the economy taking away about 1%. President Trump he blame Democrats like when I blame my neighbor for stealing my chickens (even though I ate them). But experts like Chris Rupkey say is just one off like my visit to fancy toilet in New York. Talking about New York have you read TechnipFMC's Wild Ride: From Subsea Depths to Soaring Heights? It is very interesting just like this economy news.
Inflation: Still a Problem Like My Wife's Cooking
Inflation it still high. Like my wife's cooking you think it gone but it come back to haunt you. Core PCE index it rise 3%. This is problem for the Federal Reserve. They want inflation to be 2% like when I want my teeth to be straight (but dentist say no). They cut interest rate but not enough for President Trump who call Fed chairman "Two Late" Powell. Very harsh like when I criticize my neighbor's mustache.
Consumer Spending: Less Money for Mankinis?
People spend less money. Maybe they save up for new mankinis? Or maybe they just scared of the economy. Exports they also go down. But underlying demand it still strong. Like my love for Pamela Anderson it never die. Another metric final sales to private domestic purchasers it increase 2.4%. Is good but not great success like my attempts at ice skating.
Bright Future Maybe?
Experts say economy will bounce back in 2026. Like when I fall down I always get back up (after checking for broken bones). Heather Long chief economist say U.S. economy was resilient despite the headwinds. The AI boom also help like when I try to use computer for first time. Overall is maybe bright future for America. But still I worry about my neighbor stealing my chickens.
Wa Wa Wee Wa Very Nice
So in conclusion economy slow down but is not end of world. Like when I wear suit I still look good (in my mind). We hope for better in 2026. Until then I go back to Kazakhstan and drink fermented yak milk. Jagshemash.
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