Economic News

  • Thread starter Thread starter nycfan
  • Start date Start date
  • Replies: 4K
  • Views: 206K
  • Politics 
nycfan said:
IMG_4977.jpeg

🎁 —> https://www.wsj.com/business/price-...2?st=qVLQR4&reflink=desktopwebshare_permalink
Click to expand...
“… Companies had raised prices last year after tariffs hoisted costs. Yet starting in the fall, many firms held off on increases and sometimes offered discounts to capture holiday shoppers.

The pricing break is over. Many companies typically raise prices at the start of the new year. Yet increases appeared to be stronger than normal for January for electronics, appliances and other durable goods, said UBS economist Alan Detmeister.

Some companies have pointed a finger at tariffs for their increases, while others, especially small businesses, also blame higher wages and hefty health-insurance costs that firms said they can’t absorb or share with suppliers.…”
 
nycfan said:
“… Companies had raised prices last year after tariffs hoisted costs. Yet starting in the fall, many firms held off on increases and sometimes offered discounts to capture holiday shoppers.

The pricing break is over. Many companies typically raise prices at the start of the new year. Yet increases appeared to be stronger than normal for January for electronics, appliances and other durable goods, said UBS economist Alan Detmeister.

Some companies have pointed a finger at tariffs for their increases, while others, especially small businesses, also blame higher wages and hefty health-insurance costs that firms said they can’t absorb or share with suppliers.…”
Click to expand...
“… The Adobe Digital Price Index found that online prices posted their largest monthly increase in a dozen years in January, driven by higher prices for electronics, computers, appliances, furniture and bedding. …”
 
nycfan said:
“… The Adobe Digital Price Index found that online prices posted their largest monthly increase in a dozen years in January, driven by higher prices for electronics, computers, appliances, furniture and bedding. …”
Click to expand...
IMG_4978.jpeg
 
lawtig02 said:
I'm cautiously optimistic that the aggressiveness and defensiveness of the Trump 2.0 economic plan can break this cycle, at least on the margins. Typically, Pubs plant the seeds of economic catastrophe in the hope they won't germinate for another 5-8 years, at which point the Dems will be back in power and will be blamed for what's sprouting at the time. That's exactly what the Pubs in Congress did with the BBB. But Trump's policies that do not require congressional approval (tariffs, pressure on the Fed, etc.) are so aggressive that their impacts are likely to be felt within the next 1-2 years. Which means he'll still be president and the Pubs will likely be in control of at least the Senate.

If one could be a dispassionate observer of America's economic and political life for the next 3.5 years, the intersection of those two things would be as interesting as any period in recent history. Unfortunately, all of us who live here can't afford to be dispassionate, because we'll be profoundly impacted by it one way or another. This is the chaos MAGA has inflicted upon us.
Click to expand...
Revisiting this. We're now at Year 1.2 or so of the 4 years we have to endure. Trump's policies have been so disastrous that we have a very real chance of breaking this cycle. Will the next nine months before the midterms be sufficient to make Trump -- and only Trump, not the Republicans in Congress -- responsible for Americans' economic dissatisfaction? What happens if we head into 2028 with a Democratic Congress trying to fix things and Trump in the White House saying no to everything? Is this the breaking point, where people get so unhappy so quickly that they associate the economic malaise with the Republican president who caused it and not the Democratic president elected to clean up the mess?
 
nycfan said:
“… Companies had raised prices last year after tariffs hoisted costs. Yet starting in the fall, many firms held off on increases and sometimes offered discounts to capture holiday shoppers.

The pricing break is over. Many companies typically raise prices at the start of the new year. Yet increases appeared to be stronger than normal for January for electronics, appliances and other durable goods, said UBS economist Alan Detmeister.

Some companies have pointed a finger at tariffs for their increases, while others, especially small businesses, also blame higher wages and hefty health-insurance costs that firms said they can’t absorb or share with suppliers.…”
Click to expand...
Here's my shocked face 😱
 
nycfan said:
“… Companies had raised prices last year after tariffs hoisted costs. Yet starting in the fall, many firms held off on increases and sometimes offered discounts to capture holiday shoppers.

The pricing break is over. Many companies typically raise prices at the start of the new year. Yet increases appeared to be stronger than normal for January for electronics, appliances and other durable goods, said UBS economist Alan Detmeister.

Some companies have pointed a finger at tariffs for their increases, while others, especially small businesses, also blame higher wages and hefty health-insurance costs that firms said they can’t absorb or share with suppliers.…”
Click to expand...
And yet they claim inflation dropped to 2.4%. Not a chance. There is no chance that inflation was 2.4%, unless seasonal adjustments are doing A LOT of work.
 
superrific said:
And yet they claim inflation dropped to 2.4%. Not a chance. There is no chance that inflation was 2.4%, unless seasonal adjustments are doing A LOT of work.
Click to expand...
White House National Economic Council Director Kevin Hassett says 1.6%

"We've got high growth, and we have core inflation running at 1.6% if you look at the last quarter, and I think that's about where we should be,"
 
You must log in or register to reply here.
Back
Top