As the price of assets from stocks to real estate falls in Bitcoin terms, it’s a good time to stack BTC
In a move that shocked absolutely no one familiar with facts, President Trump took to Truth Social to declare some “good news for the Holiday Season.” In the Trump news, he said that there was “virtually no inflation” and that “stock markets continually hit record highs.”
The President’s statements came wrapped in that familiar blend of confident optimism and selective reality that we’ve come to expect. But before anyone starts popping the champagne, let’s pause and crunch some real numbers first.
So, inflation is basically the sneaky guest at the party that no one invited, but everyone ends up paying for.
According to the latest Consumer Price Index data, year-over-year inflation is sitting at 2.9% for August 2025, up a tick from earlier this summer but still well below the fire-alarm numbers of 2022.
Still, that’s hardly “virtually no inflation” unless you’re grading on a political curve, and for anyone braving the grocery stores or gas pumps, prices remain stubbornly high after the post-COVID climb.
The claim of President Donald Trump about relentless record highs in stock markets holds some water (well, kind of). The S&P 500 has indeed climbed to fresh record heights recently, hitting just north of 6,700 points. But that’s not the whole story.
Dig a little beneath the surface and you find markets riding the wave of massive liquidity, with the Fed signaling rate cuts, banks pouring in, and (let’s not forget) the relentless cash flowing into ETFs.
The question is whether these record highs represent actual business fundamentals or just the latest chapter of the “everything bubble” saga.
Macro analyst and Bitcoin advocate Luke Gromen pointed out, the Nasdaq may be up 165% since 2020 when priced in US dollars, but when you switch that unit to gold, the real gains stand at just 7%.
And when you measure the Nasdaq in Bitcoin, it’s actually fallen by 78, as one Bitcoin enthusiast commented:
Throw into the mix that the dollar has lost 50% of its purchasing power since 2020, and well, the fireworks start fizzling out.
President Donald Trump loves to tout the labor market, but the September jobs picture is, well, a bit foggy. Thanks to the government shutdown, the official report was a no-show.
The last clear reading, from August 2025, showed the US added just 22,000 new jobs, a figure that landed with more of a polite shrug than a standing ovation.
The unemployment rate, meanwhile, ticked up to 4.3%, the highest it’s been in nearly four years and inching further from the best-in-class readings of yesteryear.
In short, workers aren’t getting pink slips en masse, but nobody should be polishing their “best economy ever” trophy just yet.
Wage growth is barely ahead of inflation: median hourly earnings rose by 3.7% in the past year, while prices climbed 2.9%.
That leaves most workers with just a 0.7% real raise, enough to keep up, but not enough to get ahead.
So while people technically have jobs, their paychecks aren’t stretching much further than last year. For many, it still feels like a tightrope walk over a pit of inflation-fueled budget cuts.
Now, about that tiny issue of the gigantic U.S. deficit. The Congressional Budget Office pegs the 2025 federal budget deficit at around $1.8 trillion.
That means the US government is outspending its income by a number that could make Elon Musk wince.
Donald Trump loves to tout increased tariff revenue as a fix, and it’s true that tariffs have delivered a windfall: $215 billion collected so far this year.
But even at these historic levels, tariffs cover only about 12% of the deficit. So, no, tariffs aren’t erasing America’s debt woes; they’re more like a band-aid on a $1.8 trillion wound.
If you’re looking for “virtually no inflation,” you might want to check with actual groceries or the gas station instead of presidential soundbites.
Record stock market highs play a good game of distraction from shaky fundamentals and an enormous deficit that’s more like a caveman’s club than a finely tuned financial instrument.
Jobs? They’re there (mostly), but real wage growth that beats inflation? Not so much. The deficit isn’t shrinking, and tariff income is just a tiny drop in that trillion-dollar bucket.
And with the prices of assets going down in Bitcoin terms, the time to start stacking is now, rather than wait for more of the good Trump news.
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