With the FSB’s warning and HSBC’s object lesson, banks are likely to pull back even further on loans to private credit funds.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – May 19 2026
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CALIFORNIA’S JOB GROWTH HAS ALL COME FROM THE CARE INDUSTRY
From 1 March 2022 through 31 March 2026, the number of jobs in California’s healthcare and social assistance industry grew by 25 percent, according to U.S. labor department data analyzed by the Economic Innovation Group (EIG), a bipartisan research organization.
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TRUMP’S “GOLDEN DOME” WILL COST $1.2 TRILLION, CBO SAYS
Donald Trump’s Golden Dome missile defense system that would cover the continental U.S., Alaska, and Hawaii will cost $1.2 trillion as now planned, 15 times more than the $185 billion the defense department has projected, the Congressional Budget Office (CBO) has said.
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EV SALES BOOM WORLDWIDE BUT ARE FALLING IN THE U.S.
The Iran War has sent sales of new all-electric passenger vehicles (EVs) soaring in Asia, Europe, and Latin America – up 27 percent in Europe alone during April, according to data provider Benchmark Mineral Intelligence. New EV sales claim 20 percent of the new-car market Europe-wide, the European Automobile Manufacturers Association said.
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ANDURIL REACHES $61 BILLION VALUE IN NEW FUNIDNG ROUND
Defense contractor Anduril, which specializes in making drones, has closed a $5-billion funding round that values the nine-year-old company at $61 billion, about double its most recent valuation of just over $30 billion last June, the Financial Times reported.
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U.S. INVESTORS POUR MONEY INTO THE DEFENSE INDUSTRY
The Iran War’s depletion of U.S. military weaponry is only the latest reason why institutional investors are liking the defense industry.
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U.S. RETAIL SALES GROWTH SLOWS IN APRIL
U.S. retailers sold 1.6 percent more goods in March, year over year, but only 0.5 percent more in April as consumers grappled with soaring gasoline prices and rising costs across the economy.
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U.S. WHOLESALE INFLATION HITS 6 PERCENT IN APRIL
The U.S. Producer Price Index (PPI), a measure of inflation at the wholesale level, shot up to 6 percent last month, a signal of how sharply the Iran War has raised the cost of making and moving products.
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CONSUMER PRICES JUMP 3.8 PERCENT IN APRIL
Retail prices inflated by 3.8 percent in April, year on year, driven by the Iran War’s energy price shock that is now working its way throughout the U.S. economy.
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ECONOMIC UPDATE
Again, as we have detailed and continue to detail by the pure facts and indisputable data, the illegal Iran War launched on 28 February by just two politicians – President Donald Trump and Israeli Prime Minister Benjamin Netanyahu – has inflicted severe socioeconomic and geopolitical damage across the globe.