Trump's Policies Are Making America Less Affordable, Explains Nobel Economist Paul Krugman: 'That's Going Badly' - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)

Group 1 - Nobel Prize-winning economist Paul Krugman argues that President Trump's policies are making America less affordable, contradicting his economic promises [1][2] - Krugman states that inflation is rising due to tariffs on imported goods, which are increasing consumer costs [2][3] - The economist links Trump's immigration policies to rising grocery bills, emphasizing that deportations are affecting the agricultural workforce [3] Group 2 - Krugman warns that political leaders promising to lower prices significantly should be viewed with skepticism, as overall economic stability aims for a low, steady inflation rate around 2% [4] - He characterizes deflation as detrimental to the economy, asserting that any politician promising substantial price reductions is either ignorant or dishonest [5] Group 3 - Benchmark indices fell sharply amid uncertainty due to a government shutdown, with investors awaiting critical economic data [6] - The SPDR S&P 500 ETF Trust (NYSE:SPY) closed down 1.66% at $672.04, while the Invesco QQQ Trust ETF (NASDAQ:QQQ) declined 2.04% to $608.40 [7]