By the summer of 2026, we should be in the early stages of what will come to be known as the Trump Boom.
Treasury Secretary Scott Bessent’s excellent May 4 Wall Street Journal column crystallized my thinking about the economy.
There is a lot of anxiety and confusion about the implementation of President Donald J. Trump’s tariff policy. Further, there are uncertainties about the Republican budget bill being debated in Congress, the Federal Reserve’s interest rate decisions, and potential violence around the world.
Meanwhile, there have been endlessly negative articles in the opposition media, hand wringing by the anti-Trump establishment, and overreactions in the stock market based on random noise.
Warren Buffett has always emphasized investing for the long run and not trying to outguess the market day-to-day.
In that tradition, let’s take Secretary Bessent’s description of “Trump’s Three Steps to Economic Growth” and project them out to the summer of 2026. Thinking beyond the immediate is vital when trying to understand national patterns.
