Economy Trump believes inflation is down, consumers are saving money, and economy is in perfect condition

[ShadowRun]

 

[andnowweknow]

gas is 2.80ish where i live
guess your state fucking sucks

Ohio would better serve the US if it was turned into one giant manmade lake. Stfu lol

 

[BFoe]

Meh. Technically lower than expected, yes, but still 3%. It should be around 2%.

Let us not forget that a year ago, we’d gotten inflation down to about 2.3% under Biden and the message from Americans was “but we can’t feel it!”
Trump promised to lower all these things, he has not done so, and in fact inflation has risen—and people try and spin it like the markets are on fire.

 

[Crazy Source]

not to be too pedantic here dude but:

I didn't say 'Trump is Panglossian'

I said he has a Panglossian view of the economy

"maintaining a foolishly optimistic view that "all is for the best in the best of all possible worlds," despite constant misfortune." sounds exactly like how he views the economy. Unless Biden is in charge. lol.

I don't think he has an optimistic view of the economy. He gives no fucks. As long as he and his buddies are raking it in, the state of the economy is not a concern of his (unless it hurts him in the polls). But he knows he can lie about how things are going good in the face of reality and his base will believe him.

 

[Prefect]

He doesn't believe that. He just think his followers so retarded to believe him or think it is not that bad. Any non-retard knows prices are well over 10%+ higher since he came into office. I'll never understand how his base is not perpetually insulted by how much he treats them as complete retards.

 

[Kung Fu Kowboy]

Sh*t be expensive AF... Maybe Trump can write me a check from the government too so I won't notice the difference.

 

[Beechwood]

Today's inflation report showed good news with inflation going down. Many thought Trump's tariffs would cause large amounts of inflation but that is turning out to be scare mongering. Makes sense.

The other sign we have seen of lower inflation concerns is the recent sell off in gold and other precious metals. Gold in particular is believed to be a hedge against inflation. With gold selling off this week, maybe traders are seeing less inflation in our future.

 

[NickNick]

I mean when has the stock market ever been an indication of day to day cost of living for the average American? None of my bills have decreased, groceries are for sure more expensive now than they were at the beginning of the year.

 

[BFoe]

Today's inflation report showed good news with inflation going down. Many thought Trump's tariffs would cause large amounts of inflation but that is turning out to be scare mongering. Makes sense.

The other sign we have seen of lower inflation concerns is the recent sell off in gold and other precious metals. Gold in particular is believed to be a hedge against inflation. With gold selling off this week, maybe traders are seeing less inflation in our future.

It didn’t go down. It crept up.

Live Updates: Inflation Edged Higher in September, as Tariffs Raise Some Prices

The Consumer Price Index rose 3 percent from a year earlier, a slight acceleration. The report was delayed because of the government shutdown, and the White House said it was unlikely to release inflation data next month.

www.nytimes.com

The WH is already saying there likely won’t be an inflation report next month—take a guess as to why.

The White House said there probably won't be an inflation report next month

The inflation report helps the Federal Reserve make rate change decisions, but the shutdown has interrupted data gathering.

www.businessinsider.com

Trump’s tariffs are having a negative effect, just like we said. The two saving graces at this point are:

1. Our predictions were a response to things Trump said he’d do but hasn’t entirely done. He had an initial 90 day wait on them after merely talking about them on “Liberation Day” started tanking the entire global economy, and he’s paused tariffs on various countries a zillion times.
2. It takes a long time for this stuff to hit the supply chain. This is what the Right didn’t understand about inflation happening “2 whole years after COVID”—it takes quite awhile to totally choke the global supply chain. Trump can still back out of this now, it make no mistake if he truly continues these tariffs on all these countries for an extended period of time, there will be major problems.

 

[PEB]

It didn’t go down. It crept up.

Live Updates: Inflation Edged Higher in September, as Tariffs Raise Some Prices

The Consumer Price Index rose 3 percent from a year earlier, a slight acceleration. The report was delayed because of the government shutdown, and the White House said it was unlikely to release inflation data next month.

www.nytimes.com

The WH is already saying there likely won’t be an inflation report next month—take a guess as to why.

The White House said there probably won't be an inflation report next month

The inflation report helps the Federal Reserve make rate change decisions, but the shutdown has interrupted data gathering.

www.businessinsider.com

Trump’s tariffs are having a negative effect, just like we said. The two saving graces at this point are:

1. Our predictions were a response to things Trump said he’d do but hasn’t entirely done. He had an initial 90 day wait on them after merely talking about them on “Liberation Day” started tanking the entire global economy, and he’s paused tariffs on various countries a zillion times.
2. It takes a long time for this stuff to hit the supply chain. This is what the Right didn’t understand about inflation happening “2 whole years after COVID”—it takes quite awhile to totally choke the global supply chain. Trump can still back out of this now, it make no mistake if he truly continues these tariffs on all these countries for an extended period of time, there will be major problems.

You get past this clusterF of Sherdog and talk to people who buy groceries and clothing that don't live in the bubble they are saying point blank they are adding to their debt period or go without.

 

[BFoe]

You get past this clusterF of Sherdog and talk to people who buy groceries and clothing that don't live in the bubble they are saying point blank they are adding to their debt period or go without.

Yep. And it’s about to get worse, with ACA subsidies expiring, SNAP gutted, farmers fucked again and in need of bailout again…

We are literally living in the Emperor’s New Clothes fable, with so many people still pretending this guy is doing anything but failing miserably.

 

[PEB]

Yep. And it’s about to get worse, with ACA subsidies expiring, SNAP gutted, farmers fucked again and in need of bailout again…

We are literally living in the Emperor’s New Clothes fable, with so many people still pretending this guy is doing anything but failing miserably.

Apparently after a major storm photo not AI someone added the text.

 

[Fury]

 

[nostradumbass]

Meh. Technically lower than expected, yes, but still 3%. It should be around 2%.

Let us not forget that a year ago, we’d gotten inflation down to about 2.3% under Biden and the message from Americans was “but we can’t feel it!”
Trump promised to lower all these things, he has not done so, and in fact inflation has risen—and people try and spin it like the markets are on fire.

There was a single month last year of 2.4 before climbing again for 4 straight months and Biden left it at 3.0, with the previous January being 3.1. There is not a single month of Trump's presidency in either term that has been higher than Biden left it.

And there is no "spin", it's a matter of fact that the stock market is at another all time high today.

 

[LeonardoBjj]

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finance.yahoo.com

Also the fastest accumulation of debt since 2020. The dude campaigned on lowering the national debt. Promises made promises kept my ass.

Yeah we are fucked

- Trump is your guys Lula. But less dumb of course. @TheMoa @BlankaPresident

 

[Tyler Durden]

Debt is also exploding in : France , Germany , Canada, Japan. It’s a western world problem.

It’s almost as if welcoming in millions of 3rd world vagrants and criminals to enjoy a free ride (while hating the country they invaded) thanks to the tax payers $ is bad for that country’s economy