Most economists expect US President Trump’s tariffs to push up prices in the US. However, despite significant tariff hikes months ago, inflation remained surprisingly stable, until now. I see three main reasons—at least two of them suggesting that US inflation is likely to rise even further.| Rangvid’s Blog
After many quarters of healthy expansion, US economic activity abruptly contracted in the first quarter of 2025—President Trump’s first quarter in office. How did a strong economy begin to falter so quickly? Many, if not most, commentators attributed the decline to a surge in imports dragging down GDP. In truth, however, imports have no direct effect on GDP. Because of its popularity, it is important to debunk the myth that imports reduce GDP.| Rangvid’s Blog
Before diving into today’s topic on how President Trump’s policies are undermining trust in the US as a credible borrower, let me start with some good news—especially for those who understand Danish. My new book, How Low Interest Rates Change the World, will soon be published in Danish! Even better, the Danish version will be priced far more accessibly—likely just 25–30% of the price of the global version. And there’s more: I’ll be adding a couple of new chapters exploring the s...| Rangvid’s Blog