Trump's "Big Trouble": $40 Trillion Debt, 6.5% Mortgage Rates, and $5 Diesel Prices

In less than two years of Trump's presidency, the Iran war and tax cuts have weighed on the U.S. economy: national debt has surpassed $40 trillion, long-term Treasury yields have risen to 19-year highs, and gasoline prices have climbed about 40%. Fiscal deficit reduction targets are proving difficult to meet, with GDP growth well below official projections. Market participants warn that the White House's interventionist rhetoric reveals anxiety and could further dampen market sentiment.