Trump’s allies this week hyped up newly released data showing that the US economy grew by more than 4% in the third quarter of 2025, but economists and journalists who dove into the report’s finer details found some troubling signs.
Ron Insana, a finance reporter and a former hedge fund manager, told MS Now‘s Stephanie Ruhle on Tuesday night that there is a “split economy” in which growth is being driven primarily by spending from the top 20% of income earners, whom he noted accounted for 63% of all spending in the economy.
And if they believe they’re better off after 4% GDP growth, despite the direct impact of high prices, stagnant wages, rocketing health insurance premiums, then …. Well I guess we were already considering them morons so I don’t know where it goes from there