My best guess - Trumpflation under Trump 2 will probably run at 3-5 % - a cumulative 15- 20% over 4 years - the high side depending on if he actually is stupid/lucky/coherent enough to implement his terrible policies That's going to be pretty nasty for consumers! and it's all going to be self -inflicted unlike post pandemic supply chain inflation. That's what MAGA voters wanted - that's what they going to get FITCH: Today's CPI "will cause some hand-wringing at the Fed. Core inflation momentum – the 3-month-on-3-month annualized rate – has risen again to 3.4% and is now running above the YoY rate (of 3.3%). The decline in core goods .. a big part of the overall disinflation story .. looks to be over .."
just thinking out loud, what’s The alternative? insofar as long-term fixed income, US bond will continue to be the safest investment vehicle
Looking like 3% inflation is the new normal from which all of Trump's inflationary policies will add on to. Trumpflation is coming folks. Get ready.
Trumpflationary policies: Matt Nestler, who watches the care economy, noted that care costs are still rising at a wicked hot pace. In-home elder care was up 9.9% from a year ago in Nov. Daycare & preschool up 6.3% from year ago in Nov. Loss of immigration will push higher. https://bsky.app/profile/dianeswonk.bsky.social/post/3ld2cj4727s2a
Shocking! Trump admits he doesn’t really know how to bring down prices. https://newrepublic.com/post/189301/donald-trump-no-idea-inflation In a lengthy interview with Time magazine published Thursday, Trump had changed up his tune when asked if his presidency would be a failure if he couldn’t deliver his promise to lower the price of groceries. “I don’t think so. Look, they got them up. I’d like to bring them down. It’s hard to bring things down once they’re up. You know, it’s very hard. But I think that they will,” Trump said. “I think that energy is going to bring them down. I think a better supply chain is going to bring them down. You know, the supply chain is still broken. It’s broken. You see it. You go out to the docks and you see all these containers,” Trump said. He proceeded to describe a port in California that held over a dozen full shipping containers as evidence for a “broken” supply chain.
And in energy Ontario, which supplies a lot of energy to the US, premier has threatened to cut off energy to the US in response to Trump’s tariff threat https://www.theguardian.com/world/2024/dec/12/canada-ontario-premier-trump-tariffs Ontario leader threatens to halt energy exports to US if Trump imposes tariffs Premier of Canada’s largest province says ‘we need to be ready to fight’ back against possible 25% tariffs on goods The leader of Canada’s largest province says he’s prepared to halt energy exports to the United States, warning that other premiers “need to be ready to fight” as threats escalate ahead of possible American tariffs. The Ontario premier, Doug Ford, says he’s weighing options to fight back against a 25% levy on all Canadian goods that the US president-elect Donald Trump has pledged to implement when he assumes office. Following a meeting with the nation’s premiers and the prime minister, Justin Trudeau, Ford said other leaders were also drawing up lists of exports that could be halted.
Trumpflation not just a slogan 27m (Bloomberg) -- Treasury 10-year yields may climb to 6% for the first time in more than two decades as US fiscal woes worsen and Donald Trump’s policies help keep inflation elevated, according to T. Rowe Price.
Just incredible that the Fed, economists, CEOs of many large corporations, and Mexico and Canada have said Trump’s economic policies will result in more inflation. Too bad Billy Bob with his HS education knows better.
Yeah markets are really spooked right now. I think Trump doesn't care if he tanks the economy any more as he plans to take over. And he will use the tariffs to enrich himself - he can make billions for himself and **** everyone else over. It might get ugly for the country.
You whiny little biitches in here, why can’t you take your L and shut the F up. Your propaganda ain’t fooling anyone. All of your takes, predictions, analysis have always been wrong in the past. Enjoy your little circle jerk and always remember, no matter how hard you cry, Trump will be your president for the next 4 years. Lol
@AroundTheWorld good example here of the far right being uneducated and angry also on their 3rd or 4th user name after failing to pay past debts...lol.
Didn't watch but union workers who voted for Trump and Musk have already gone against their own self interests yet again. Neither of those shitstains care about anyone but themselves and gutting worker rights for everyone else. Amazon and Elon Musk’s SpaceX challenge labor agency’s constitutionality in federal court Attorneys for Amazon and Elon Musk’s SpaceX argued in a federal appeals court Monday that the National Labor Relations Board’s structure is unconstitutional, advancing a legal fight that may last into the Trump administration where Musk is expected to oversee bureaucratic cost-cutting. A panel of three judges at the 5th U.S. Circuit Court of Appeals in New Orleans heard separate oral arguments in the SpaceX and Amazon lawsuits, which the two companies initiated after the labor agency filed complaints against them in disputes about workers’ rights and union organizing. A ruling in favor of the companies could immensely diminish – or paralyze - the nearly century-old agency, which is tasked with enforcing labor laws and settling labor-related complaints workers lodge against their employers. The issue may eventually reach the U.S. Supreme Court, which has a conservative majority and has issued rulings curbing the power of government agencies, The three appellate judges who heard Monday’s arguments questioned the legal maneuvering by Amazon and SpaceX to get their cases to the 5th Circuit, where jurists nominated by Republican presidents dominate the appeals court. A lawyer for the NLRB emphasized during the hearing that both companies filed their appeals after lower courts did not give rulings by requested deadlines. Michael E. Kenneally, an attorney for SpaceX, retorted that the government was “relying so much on the procedural objections” because of the alleged weakness of its legal argument, a claim that elicited some pushback from the panel. new efficiency commission focused on cutting costs across the federal government. Musk has said the new administration will have a “mandate to delete the mountain of choking regulations that do not serve the greater good.” Amazon’s lawsuit against the NLRB is tied to the company’s objections to a union election that took place at a warehouse in New York City in April 2022. The retail giant has accused the agency of improperly interfering in that election, partly by bringing a lawsuit against the company to reinstate a fired organizer close to when voting began. The Amazon Labor Union ultimately won the election to represent workers, but Amazon has refused to come to the negotiating table. The company’s attorneys argued in the lawsuit that the NLRB board members who authorized the agency’s complaint later “acted as judges” by denying a review of Amazon’s objections, which also came before them. Amazon’s lawyers maintained the agency’s structure was unconstitutional because board members are shielded from removal by the U.S. president, among other things. In a statement issued before Monday’s hearing, NLRB General Counsel Jennifer Abruzzo said it was “nothing new for big companies to challenge the authority of the NLRB to enforce workers’ rights so as not to be held accountable for their violations” of labor law. https://apnews.com/article/amazon-n...ex-elon-musk-ab42977117d883e97110a7bf8e8b257f
