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. Sign up for the FREE weekly UNFTR newsletter https://www.unftr.com/newsletter 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/the-global-bond-rout-catches-up-with-wall-street-s-risk-rally 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/2026/05/15/trumps-nothingburger-banquet-beijing-iran-taiwan-xi/ New York Times - Xi Warned of the 'Thucydides Trap.' What Is It? https://www.nytimes.com/2026/05/14/world/asia/trump-xi-thucydides-trap-us-china.html New York Times - Senate Confirms Kevin Warsh as Fed Chair https://www.nytimes.com/2026/05/13/us/politics/kevin-warsh-fed-chair-confirmed.html BCA Research / Business Insider - Four Signs the AI Trade Could Spark a 30% Melt-Up Rally https://finance.yahoo.com/markets/stocks/articles/research-firm-says-4-signs-094002357.html News Bed by Premium Beat ID# GEEC7LPRJUTIUZRG Visit https://meidasplus.com for more! MeidasTouch relies on SnapStream to record, watch, monitor, and clip the news. Get a FREE TRIAL of SnapStream by clicking here: https://go.snapstream.com/affiliate/meidastouch/meidasnews?utm_campaign=4490308-affiliate2025&utm_content=customerpartner Support the MeidasTouch Network: https://patreon.com/meidastouch Add the MeidasTouch Podcast: https://podcasts.apple.com/us/podcast/the-meidastouch-podcast/id1510240831 Buy MeidasTouch Merch: https://store.meidastouch.com Follow MeidasTouch on Twitter: https://twitter.com/meidastouch Follow MeidasTouch on Facebook: https://facebook.com/meidastouch Follow MeidasTouch on Instagram: https://instagram.com/meidastouch Follow MeidasTouch on TikTok: https://tiktok.com/@meidastouch