So Now I’m Wondering…

I’m sure these two things have ABSOLUTELY NOTHING to do with each other. pic.twitter.com/iHo52Gpvqt

— Ron Filipkowski (@RonFilipkowski) November 24, 2025

The Trump economy is being propped up by a giant speculative bubble of AI and crypto, with a small group of people getting insanely wealthy and everyone else getting screwed while the Mad King tells us everything is great and everyone is thriving. pic.twitter.com/TMNwFookRv

— Ron Filipkowski (@RonFilipkowski) November 24, 2025

Who is being propped up by AI investment being 1/3rd of GDP (and isn’t that very definition of a bubble?)?

Farmers who can’t get enough workers to harvest crops? (Thanks to Trump’s immigration policy)

Farmers who can’t sell their soy beans (thanks to tariffs)?

Meat processors who can’t get employees to process the meat?

People paying higher costs for almost everything because of tariffs and inflation (exacerbated by tariffs)?

People paying more for groceries, because of tariffs, inflation, and problems with the harvest?

People with no investments in AI, which is apparently 1/3rd of GDP? (And who thought that was a good idea? Don’t answer. I already know.)

Or the uber-rich who thought they could speculatively get uber richer?

And how do we not “go back” on a speculative bubble that, I guess, could grow to 2/3rds of GDP? Does that make it better? The history of the Great Depression doesn’t say so.

When such a big percentage of GDP is being propped up by AI companies and their investors, that means that a tiny handful of people getting fabulously wealthy are accounting for the bulk of the economic benefits while everyone else is getting screwed. That’s Trump’s economy.

— Ron Filipkowski (@RonFilipkowski) November 24, 2025

America became a much more socialist country after the Wall Street crash in 1929. Is that what the WSJ wants? Do they want to celebrate that centennial early, with a re-enactment? Or do they just want the market to save investors from themselves?

I don’t think either one is a good idea. But “fare forward, voyagers!” is maybe not the way to handle this. Although seeing a lot of rich people lose their shirts is an idea I can live with.