Economic News | March CPI lower than expected

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nycfan said:
Right on cue

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Where is gas under $1.98? It just increased locally to $2.99 …

Also, groceries have continued to be subject to inflation, though not nearly as high as a few years ago, while egg prices have been decreasing and availability has stabilized…
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But Orange Jesus told me just 48 hours ago that the economy and stock market were in shambles because of Sleepy Joe. Something isn't adding up :unsure:
 
HintonJamesHeel said:
Great job reports today
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Not really. First, the DOGE layoffs have yet to hit. When they do, the numbers will jump up. Isn't the tally more than 100K now?

Second, the report was boosted by 29K new jobs in transportation, especially warehousing and storage (over 10K+ jobs more in April than March). Hmm. Why would that be? Most of those jobs are going to vanish this month.
 
nycfan said:
Right on cue

IMG_6815.jpeg

Where is gas under $1.98? It just increased locally to $2.99 …

Also, groceries have continued to be subject to inflation, though not nearly as high as a few years ago, while egg prices have been decreasing and availability has stabilized…
Click to expand...
 
nycfan said:
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See, this is just dumb politics by Trump. The price of gas is something most American adults are keenly aware of — the price of gas is prominently displayed along virtually all major thoroughfares. Most Americans buy gas at least once a week. Gas prices are actually pretty low — why undermine yourself with ridiculous claims that make reasonable gas prices seem high by comparison?

I think he could get away with lying about the price of almost any other commodity in America — like eggs. Prices for eggs are down but nobody’s egg prices have dropped 88%. But despite the focus on eggs in the election and since, a lot fewer people buy eggs than gas’s and even if you buy a dozen eggs a day it probably still costs less than filling up your tank once …

Trump has (had?) the opportunity to be broadly popular for a while if he could limit his excesses and just let the economy he inherited hum along while he focused on deregulation and tax cuts. But even modest restraint is beyond his grasp.
 
nycfan said:


Game Show No GIF by CBC
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WELKER: Some people on Wall Street have expressed concerns that the possibility of a recession is increasing, and I want to know what you think about that. Are you comfortable with the country potentially dipping into a recession for a period of time if you are able to achieve your long term goals?

TRUMP: Well, you know, you say, some people on Wall Street say. Well, I tell you something else. Some people on Wall Street say that we’re going to have the greatest economy in history. Why don’t you talk about them? Because some people on Wall Street say this is –

WELKER: That’s what I’m getting at.

TRUMP: There are many people on Wall Street who say this is going to be the greatest windfall to ever happen.

WELKER: And that’s my question, long term, is it okay in the short term to have a recession?

TRUMP: Remember this. Look, yeah, it’s everything’s okay. What we are. I said, this is a transition period. I think we’re going to do fantastically.
 
superrific said:
Not really. First, the DOGE layoffs have yet to hit. When they do, the numbers will jump up. Isn't the tally more than 100K now?

Second, the report was boosted by 29K new jobs in transportation, especially warehousing and storage (over 10K+ jobs more in April than March). Hmm. Why would that be? Most of those jobs are going to vanish this month.
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People have no idea what is coming. You can't shut off, turn on, shut off, turn on, etc. over and over without massive repercussions.

The market quake after "Liberation Day" was just a mere appetizer. The end will be so much worse. The amount of jobs and money that will be lost. The prices Americans will have to pay for common things.

Still a month or two away at least. But it's coming.
 
nycfan said:
WELKER: Some people on Wall Street have expressed concerns that the possibility of a recession is increasing, and I want to know what you think about that. Are you comfortable with the country potentially dipping into a recession for a period of time if you are able to achieve your long term goals?

TRUMP: Well, you know, you say, some people on Wall Street say. Well, I tell you something else. Some people on Wall Street say that we’re going to have the greatest economy in history. Why don’t you talk about them? Because some people on Wall Street say this is –

WELKER: That’s what I’m getting at.

TRUMP: There are many people on Wall Street who say this is going to be the greatest windfall to ever happen.

WELKER: And that’s my question, long term, is it okay in the short term to have a recession?

TRUMP: Remember this. Look, yeah, it’s everything’s okay. What we are. I said, this is a transition period. I think we’re going to do fantastically.
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She really sucks at interviewing Trump. Maybe she’s better interviewing other people.

Part of the problem with interviewing Trump is he lies constantly.

I don’t know why news media gives him time.
 
Weakening travel demand, signaled by grim earnings forecasts of travel-related companies, may erase billions of dollars from the U.S. economy this year as the Trump administration's trade policy takes a toll on consumer sentiment, analysts have warned.
"Anti-American sentiment could be driving a decline in international tourism, which is considered a service export," J.P.Morgan said in a note last week.


Goldman Sachs and J.P.Morgan projected lower foreign travel spending to trim 0.1% from U.S. GDP this year, adding that the hit could be as much as 0.2% to 0.3%.
As of the first quarter of 2025, U.S. GDP stands at $23.53 trillion, according to LSEG data, and the impact could amount to anywhere between $23 billion and $71 billion, based on Reuters calculations.
 
Zoo_View said:
She really sucks at interviewing Trump. Maybe she’s better interviewing other people.

Part of the problem with interviewing Trump is he lies constantly.

I don’t know why news media gives him time.
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The trick is to focus on questions where you ask him what is he going to do to fix things that are a result of his policies. In a few weeks, the thing to ask him is what is he's doing to fix the supply chain when there's fewer ships in port. Don't even have to mention he caused it because everyone will know. He'll be in a mess with his answers. At that point, is he going to lie and say there's no supply chain to fix? Good luck to him if he does.
 
Maybe this has been posted earlier, but nothing captures Trump like this exchange:ROFLMAO:

“When does it become the Trump economy?” Welker asked Trump in the extensive interview that aired Sunday.

“It partially is right now,” Trump replied. “I think the good parts are the Trump economy, and the bad parts are the Biden economy.”
 
I would not want to hold bonds when Bessent has to confess that tax receipts were low this year and the X-date is earlier than previously estimated.

The dollar-as-reserve-currency creates such weird effects when the dollar is being stewarded by a bunch of low-IQ toddlers.
 
superrific said:
I would not want to hold bonds when Bessent has to confess that tax receipts were low this year and the X-date is earlier than previously estimated.

The dollar-as-reserve-currency creates such weird effects when the dollar is being stewarded by a bunch of low-IQ toddlers.
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Now more than ever cash is king
 
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