The Iran war is adding billions to US interest payments, while stocks rise even as regular people feel worse off.

• Borrowing costs are at their highest level since 2007, and the war could add over $30 billion to the US interest bill.
• Money spent on rockets and ships overseas is money not going to highways, healthcare, or education at home.
• Stocks keep climbing on AI hype and layoffs protecting profits, but Walmart says shoppers are feeling down.
• The economy is splitting in two: people with money in the market are doing well, while everyone else falls behind.
• Trump's circle looks more focused on cashing in than fixing anything, raising doubts about how long this can hold up.

Outlook: High borrowing costs and war spending will keep pressuring the US budget, and the gap between the stock market and regular people is likely to widen.