Economic News

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Purple Nurple said:
I know the rate of tariff is constant, but doesn’t collapsing demand effect the ability to pass the increase along and thus keep prices from rising as much as they would absent the collapsing. I’m relating this to the fed and the decisions they have to make juggling their dual mandate.

I think the consumer was weakling and thus the economy is softening. I think that would be the case whoever the president is. Trumps just thrown a huge wrench in the order of operations.
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On your first point: that is standard economics. It's the trade adjustment. When an aggregate demand curve shifts outward or inward, foreign trade pulls it back a little. But it's just a little. It's not nearly enough to prevent pass through.

On the second point: there is absolutely no evidence for that proposition that I'm aware of. It's clear that the tariffs are badly weakening the economy because businesses cannot adjust in real time. If he put in the tariffs in 2025 to kick in by 2027, it might have been workable. But there's a huge dislocation-related dead weight loss that is weakening the economy.
 
hedge said:
Same with crime statistics. In two weeks DC is going to be completely crime free, b/c Trump will say it is. And Maga will believe it. DC will be transformed overnight from a crime infested shithole into a shining city on the hill, simply b/c Trump says so...
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And right on cue:

Trump: I got calls from many, many friends, including Democrats, a lot of Democrat friends. They are normal people. They were thanking me for what I am doing in D.C. They feel so safe already.
 
One day it's going to take social media - like "egg price trackers" - or individual industry tracking reported by independents to get a valid idea of actual price changes in goods.
 
gregh1 said:
One day it's going to take social media - like "egg price trackers" - or individual industry tracking reported by independents to get a valid idea of actual price changes in goods.
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Maybe, but there will be plenty of bad-faith actors putting that stuff out too, and it will be hard to tell the difference.
 
Any talk in right wing media land today about Trump/Tariff Checks getting sent to everyone? Last time they even prefaced it with "might be sending" but it still got all goobers excited. That's been the playbook so far to keep the base distracted when bad economic news has come out.
 
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