Great summary of the 'economy'

From Sports to AI, America Is Awash in Speculative Fever. Washington Is Egging It On.

The Fed is lowering rates, the Trump administration is loosening regulations across the financial system and Trump’s own family is cashing in

Today, working-class investors are flocking to all these markets: stocks, betting and crypto. They are beneficiaries of a new age of democratic finance. Or the last invitees to a party that’s going to end.

from Greg Ip WSJ