There have been plenty of ominous warnings this year about the job market, trade war-fueled inflation, asset bubbles, and more. The mighty U.S. economy has chugged ahead in 2025 despite them all.
The big picture: There may be cracks in the expansion that is now five years old, and we spend plenty of digital ink in this newsletter chronicling just that.
- But the biggest-picture indicators point to this being one of the better economies of modern times.
