Trump openly said he loves high inflation and doesn't think about Americans' finances — bad news for regular people, good news for the very rich.

• A hot inflation report came out and Trump said the numbers were "great" and that he loves inflation, tying high gas prices to a secret operation against Iran's oil ships.
• He earlier said he doesn't think about Americans' money at all and that the country can't pay for daycare because it's busy fighting wars.
• The jump in gas prices alone has wiped out a full year of wage gains, and beef, groceries, and rent keep climbing into the summer driving and tourist season.
• Meanwhile the SpaceX stock listing is set to mint thousands of new millionaires and possibly make Musk a trillionaire, with OpenAI and Anthropic listings expected to do the same.
• This splits the country sharply: yachts, luxury hotels, and high-end real estate boom while regular people switch to canned protein and dollar stores.

Outlook: With prices still rising into the midterms and rate cuts unlikely, the squeeze on ordinary Americans is expected to get worse.