Debunking The Latest MAGA Delusion—-4% Growth My Eye, Part 2

Here’s another case of Wall Street peddling what looks to be Florida swampland. To wit, Goldilocks is allegedly back because we got muted wage growth and strong jobs numbers in June and a sharp GDP-boosting trade deficit shrinkage in May.

Apparently, just the scent of Goldilocks is all that it takes to juice up the dip-buyers—-with both silicon and carbon-based algos hitting the “buy” key for the third day in a row.

But we think the latest land-for-sale con in the casino is actually related to Iowa farmland, and not in a good way. Thanks to the Donald’s lunatic trade war and the 28% retaliatory tariff Beijing has slapped on soybean imports from the US, black earth prices in Iowa are about ready to take a goodly plunge.