Economic News

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Looking at the swing states, it would appear Nevada is a bit more not happy with the Trump tariffs. Is that because Hispanic voters are catching on, or is it simply a side affect of tourism being down?
The latter. Trump is killing Nevada right now. If things don’t turn around in the Fall, Nevada will be in recession.
 


“[reading]We’re also fighting the menace of inflation to make life more affordable for American seniors and we’ve ended Biden’s inflation nightmare[/reading]

IMG_8863.jpeg

[riffing] So we had the worst inflation in the history of our country and now our inflation is down to a perfect number, a beautiful dumber, hardly any at all. [considers reason but decides to keep riffing] and yet our country is taking in tens of billions of dollars and Trillions of dollars actually, Trillions of dollars in uh tariffs and you know all about it, it’s uh been amazing they say why are we taking in so much money? Last week they found 29 billion dollars and they couldn’t figure out where it came from? I said check the tariff shelf. And they said how did you know that’s where it came from? [seems to back to reading] We’re taking in billions [riff]and even trillions of dollars in tariffs uh paid by other countries who frankly were taking advantage of us for many many years and they were doing that to us but our people didn’t know it. We didn’t have smart business people.”
 


“[reading]We’re also fighting the menace of inflation to make life more affordable for American seniors and we’ve ended Biden’s inflation nightmare[/reading]

IMG_8863.jpeg

[riffing] So we had the worst inflation in the history of our country and now our inflation is down to a perfect number, a beautiful dumber, hardly any at all. [considers reason but decides to keep riffing] and yet our country is taking in tens of billions of dollars and Trillions of dollars actually, Trillions of dollars in uh tariffs and you know all about it, it’s uh been amazing they say why are we taking in so much money? Last week they found 29 billion dollars and they couldn’t figure out where it came from? I said check the tariff shelf. And they said how did you know that’s where it came from? [seems to back to reading] We’re taking in billions [riff]and even trillions of dollars in tariffs uh paid by other countries who frankly were taking advantage of us for many many years and they were doing that to us but our people didn’t know it. We didn’t have smart business people.”

Thank goodness Trump has taken the perfect inflation number down to where it was on election day when inflation was running rampant and destroying the economy...
 
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.
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.
 
Trump calls for the Intel CEO to resign
Trump meets with the CEO
The United States is considering taking a stake in Intel ?

How will this line Trump's pockets ? I'm pretty sure it will, but I don't know what the scheme will be and whether media will take note .

 
If we didn't have all these economic reports, we wouldn't have inflation...
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...
 
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...
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.
 
Trump calls for the Intel CEO to resign
Trump meets with the CEO
The United States is considering taking a stake in Intel ?

How will this line Trump's pockets ? I'm pretty sure it will, but I don't know what the scheme will be and whether media will take note .

Why would anyone who preached their entire lives for limited government involvement in business still support Trump?
 
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.
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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