Wall Street Pops Champagne, But Main Street Gets Nothing Peter Navarro is doing a victory lap. The Dow’s shattered 50,000 and he’s on FOX Business claiming tariffs, deregulation, and Trump’s “four engines of growth” are the reasons why. But let’s be clear: this isn’t a grassroots economic miracle. This is a top-heavy market melt-up fueled by AI bots, Fed-driven liquidity, and a flood of foreign capital looking for a last safe haven before the system implodes. When Navarro says, “It’s nice to be right,” you need to ask: right about what? Wages still aren’t keeping up with real inflation. The labor market is being reshaped by immigration crackdowns and AI automation. And financial assets are more detached from fundamentals than…
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