Jonathan Levin, Columnist

‘Drill Baby Drill’ and Other Economic Delusions

Demand for luxury goods is fizzling. Oil prices are tanking. And the IPO market is taking a hiatus. Is this what a Trump boom looks like?

April 15, 2025 at 9:00 PM UTC

By Jonathan Levin

Jonathan Levin is a columnist focused on US markets and economics. Previously, he worked as a Bloomberg journalist in the US, Brazil and Mexico. He is a CFA charterholder.

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A few months back, the buzz was that Donald Trump’s second presidency would generate boom-like conditions across the US economy. Booming consumption! Booming energy production! Booming financial markets!