'Anti-bubble' seems to be working.

"The latest report on US inflation was the clearest sign yet that tariffs are starting to boost costs of commonly imported goods, while a decline in car prices kept overall inflation in check." ET. "US consumer inflation accelerated in line with analyst expectations last month," as "The consumer price index (CPI) was up 2.7% from a year ago in June," rising from 2.4% in May as energy costs, household and apparel costs rose. ET. "In China, a 5.2% increase in second-quarter gross domestic product (GDP) beat expectations," but "they also masked a worsening decline in prices that threatens to drag the world's second-largest economy into a prolonged slowdown." The Wall Street bank Goldman Sachs warned clients that "it now sees a 35% chance of a recession in the next 12 months, up from 20% previously," and "slashed its 2025 GDP forecast to just 1% and bumped up its year-end unemployment outlook by 0.3% to 4.5%." CNN. However, "In May 2025, JP Morgan Research had reduced the probability of a US and global recession occurring from 60% to 40%." "The US GDP growth dropped into negative territory in the first quarter," but "In June 2025, the US economy added 147,000 jobs and the unemployment rate dropped slightly to 4.1%." ET. "The number of Americans filing new applications for jobless benefits unexpectedly fell last week," as "Initial claims for state unemployment benefits dropped 4,000 to a seasonally adjusted 217,000 for the week ended July 19, the Labor Department said." ET. "The US dollar's bubble-like overvaluation may have already popped, but some wonder if an equally vulnerable 'anti-bubble' may just have taken its place." "And if the dollar was in a bubble at the start of the year, then that overvaluation appears far from reversed." But, "All bubbles eventually deflate, even if they don't always pop, and the same may well be true of 'anti-bubbles'. But they can also endure for quite some time." Reuters. Although some people think President Donald Trump's policies are stagflationary, "The US economy's potential growth will approach 4% by 2030, far above the International Monetary Fund's recent estimate of 1.8%. The reason: America is the world leader in 10 of the 12 industries that will define the future, with China leading in only electric vehicles and other green tech," wrote Prof Nouriel Roubini. "The West has struggled to weaken China's grip on 90% of the supply of rare earths, in part because low prices set in China have removed the incentive for investment elsewhere." But, "Under a deal made public last week, the US Department of Defense will guarantee a minimum price for its sole rare earth miner MP Materials, at nearly twice the current market levels." Higher prices will encourage other Western companies to increase production of rare earth magnets. Reuters. Meanwhile, "US customs duty collections surged again in June as President Donald Trump's tariffs gained steam, topping $100 billion for the first time during a fiscal year and helping to produce a surprise $27 billion budget surplus for the month, the Treasury Department reported.' Reuters. Enemies would like Trump's policies to fail. What if they don't?