I have been attacked and ridiculed for the last year over my view that tariffs would be deflationary and deflation was a larger risk than inflation. However, the data is overwhelming now. Gas, food, and home prices are all down. Real wages are up. Inflation has cratered to 1.2% even though the Fed has cut rates by more than 100 basis points. GDP is growing at more than 5% per year and accelerating higher. To all the haters and critics, I am sorry. You have just been wrong. Tariffs were deflationary and deflation still remains the larger risk than inflation.(Anthony Pompliano 🌪)