Trump’s economy stronger than the headlines suggest
Jobs, spending, wealth and manufacturing still point toward growth
By Gene Marks - Thursday, May 28, 2026
OPINION:
Worried about the economy? Don’t be. Here’s why.
Inflation spikes will be temporary
Everyone is worried about the impact of the Iranian war on energy prices. But even at the height of the conflict, the price of a barrel of oil rose to $112, still less than the $117 per barrel registered in 2022. Currently, it’s around $90.
The recent rise in the Producer Price Index to a 6% annual rate caused concern. But that increase was, again, mainly due to short-term energy-related spikes that have had a broad impact on products ranging from processed goods to chemicals. People worry about energy supplies. But that shouldn’t be a long-term worry, even if the war escalates.
“Non-Gulf energy producers also are pumping more,” Ken Fischer, an investment and market analyst, wrote this past week. “April U.S. oil exports hit an all-time record. Venezuela is ramping up shipping. Countries reliant on Qatari natural gas— like South Korea and Italy — are buying more from America and Australia. Asian nations are refiring coal power plants. Shortages will be short-lived.”
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READ MORE: https://www.washingtontimes.com/news/2026/may/28/trumps-economy-stronger-headlines-suggest/
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