Trump Gets WORST NEWS Since LAST Economic COLLAPSE

Max from @UNFTR reflects on a difficult week for the US and global economy. As Donald Trump visited China for the first summit since 2017, the bond market was melting down and the stock market was melting up. Inflation data continued to worsen as the week went on and import/export data show that we’re exporting as much inflation as we’re importing. Meanwhile in New York City, Zohran Mamdani is putting on a masterclass on how to govern. This is the Macro Take exclusively for the Meidas Touch Network.

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CHAPTERS
00:00 Introduction
01:46 - Mamdani’s first NYC Budget
04:52 - Trump’s Nothingburger China Trip
08:00 - Bonds Melt Down, Stocks Melt Up
12:05 - Inflation CPI and PPI
14:12 - Import Export Data
16:12 - Jobless Claims
18:17 - Kevin Warsh Confirmation
21:10 - Outro

EPISODE RESOURCES
Max’s Meidas Inflation Episode
https://www.youtube.com/watch?v=TW_a2lt8_pg
UNFTR: Top 10 Economic Terms to Know
https://youtu.be/_0U5nrm3mTk?t=12
BLS - Import and Export Price Indexes
https://www.bls.gov/news.release/pdf/ximpim.pdf
BLS - Producer Price Index Release
https://www.bls.gov/ppi/
Department of Labor - Unemployment Insurance Weekly Claims
https://www.dol.gov/ui/data.pdf
Bloomberg - The Global Bond Rout Catches Up With Wall Street's Risk Rally
https://www.bloomberg.com/news..../articles/2026-05-15
Jacobin - Zohran Mamdani's Budget Is a Step in the Right Direction
http://jacobin.com/2026/05/nycbudget
The American Prospect - Trump's Nothingburger Banquet in Beijing, May 15, 2026 - https://prospect.org/2026/05/1....5/trumps-nothingburg
New York Times - Xi Warned of the 'Thucydides Trap.' What Is It?
https://www.nytimes.com/2026/0....5/14/world/asia/trum
New York Times - Senate Confirms Kevin Warsh as Fed Chair https://www.nytimes.com/2026/0....5/13/us/politics/kev
BCA Research / Business Insider - Four Signs the AI Trade Could Spark a 30% Melt-Up Rally
https://finance.yahoo.com/mark....ets/stocks/articles/

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