Economy
May, 2026
Americans have spent a whopping $24 billion extra in gas thanks to Trump’s Iran war
Am I crazy or is the market mispricing the Iran “deal”?
Kevin Hassett: “The consumer is really, really firing on all cylinders…Credit card spending is through the roof. They’re spending more on gasoline, but they’re spending more on everything else too.”
Rising incomes don’t seem to translate into the same sense of financial security anymore