Beekok Flourish and Huat Kah Liao under King Trump Brilliant Leadership… Powell say Huat Hah Inflation to come and more stock market to break in 2026

The economy is just getting stronger, not weaker, and ‘we in the economics profession need to look ourselves in the mirror,’ top analyst says​

Nick Lichtenberg
Updated Thu, 2 October 2025 at 2:36 AM SGT
5 min read


Jerome Powell sees a “low-hire, low-fire” environment.
One of Wall Street’s most closely watched voices delivered a blunt message to peers and policymakers: The U.S. economy is not faltering—it is accelerating. Torsten Sløk, chief economist at Apollo Global Management, said forecasts of an imminent slowdown have been repeatedly wrong, and the economics profession should start grappling with its track record of misjudgments.

“The consensus has been wrong since January,” Sløk said in a note circulated to clients Wednesday morning, adding that the average of economists’ forecasts has said the U.S. economy would slow down for nine months running. “But the reality is that it has simply not happened … We in the economics profession need to look ourselves in the mirror.”

Growth defies expectations​

Second-quarter GDP expanded at a 3.8% annualized rate, a strikingly strong pace given the Federal Reserve’s ongoing effort to tamp down inflation. The Atlanta Fed’s GDPNow model suggests growth may be even stronger in the third quarter, forecasting 3.9% gains. Many economists had expected the lagging impact of high interest rates, tighter credit conditions, and April’s “Liberation Day” market shock to drag growth meaningfully lower by now.

Instead, the data tells a different story. Consumer spending has continued to prove resilient, and business investment, far from retreating, has strengthened in sectors tied to artificial intelligence, energy infrastructure, and manufacturing reshoring. Housing, often sensitive to interest rates, has shown surprising stability in key regional markets. Sløk did not dive into these particulars in Wednesday’s edition of his Daily Spark, except to address slowing job growth. “This is the result of slowing immigration,” he wrote, not economic weakness.

“The bottom line is that the U.S. economy remains remarkably resilient,” Sløk emphasized. “It is becoming increasingly difficult to argue that we are still waiting for the delayed negative effects of what happened six months ago,” referring to President Trump’s Liberation Day and the imposition of sweeping reciprocal tariffs. One top analyst has been arguing for years that most of Wall Street was wrong, and that Liberation Day represented the end of the beginning, rather than the beginning of the end.

Rolling recovery underway?​

Morgan Stanley’s chief U.S. equity strategist, Mike Wilson, has coined a phrase to describe what’s been happening in the economy for roughly three years: a “rolling recession.” The economy has been quietly weathering recession-like conditions since sometime in 2022, Wilson has argued throughout, with a recession not being picked up by conventional measurements but rather rolling through different segments of the economy, one at a time. Wilson contends headline figures such as GDP and unemployment missed serious underlying struggles, including an 80% collapse in hiring over the summer and persistently negative median-earnings growth.

Although neither he nor Sløk has noted how their readings of the economy intersect, Wilson believes the economy bottomed out last spring—coinciding with the White House’s Liberation Day crackdown on tariffs. Federal employment was the one area not affected by the rolling recession, he noted, until Elon Musk’s DOGE initiative remedied that rather dramatically.

Why no wangsuck coming in this thread?

Wow this proves beyond all doubt that Trump is the best!

But on the ground, car sales have slumped i was told.

syed putra said:

But on the ground, car sales have slumped i was told.

Click to expand...

No lah…they dun know wan

Must have the Dream of Huat Kah Liao, then u can be successful mah

rocket said:

Why no wangsuck coming in this thread?

Click to expand...

Pls let the dog bark

syed putra said:

But on the ground, car sales have slumped i was told.

Click to expand...

July data show Huat Kah Liao mode in ON

BYD the top-selling car brand in first half of 2025; parallel-import registrations continue to slide​

Get ST's newsletters delivered to your inbox

The total number of new car registrations in the first six months of 2025 was 23,957 units – 29 per cent higher than the 18,576 units for the same period in 2024.

ST PHOTO: MARK CHEONG

Follow topic:​

BYD

Summary

• Singapore car registrations rose 29% to 23,957 units in H1 2025, but many top brands lost market share.
• Toyota is second with 3,461 registrations, while BMW maintained third position with 2,664 registrations, but both saw market share decrease.
• Parallel imports declined due to authorised dealer competition and EV access, with Mr Neo warning of potential Chinese brand dominance.

syed putra said:

But on the ground, car sales have slumped i was told.

Click to expand...

https://www.lta.gov.sg/content/dam/...tions/statistics/pdf/M03-Car_Regn_by_make.pdf

U say, I say, LTA confirm for u

No wallorry, we are data centric de woh

k1976 said:

Click to expand...

This Loo speaks like an army encik conducting NCO courses at the training shed.

too many tikos log into onlyfans to support their idols.

you must be a class one moron if you believe what ANY politician says

Oops I start a little war
Enjoy your F1 weekend
Any samsters go hunting at Suntec or Marina Square?

face the facts said:

you must be a class one moron if you believe what ANY politician says

Click to expand...

Encik Powell is a well leespected academician Lai de woh