vist.ly/4kfys[…]tely-wrong-says-analyst-as-inflation-drops-gdp-growth-surges Economists Were ‘Completely Wrong’ On Thursday, Basenese said the Trump administration’s eye-popping 83% tariffs right “out of the gate” was the “big stick” that brought America’s biggest trading partners to the negotiating table, on Fox Business’ “Kudlow. ” Yet despite the scale of the tariffs, Basenese said “what surprised most economists” was that “it just did not lead to any inflation,” a dynamic he attributed to “deflation kicking in from other deregulation” and advances in AI that helped offset the expected price pressures. See Also: ‘Economists Got It Wrong:’ Trump Takes Victory Lap As Strong GDP Shocks Wall Street “The economists were completely wrong,” he said, highlighting the U. 3% GDP growth during the third quarter, which came in well ahead of estimates at 3. 3%, and blowing past the Federal Reserve's own forecast of 1. ” Basenese also flagged real estate as a potential catalyst for even f...