LMAO. Man you are hilarious. That's why I still read your posts. It's pure comedy. Did Trump go back in time and fix inflation on April 2024 before he was elected. GOOD DAY.
LMAO. Because expectations were that tariffs would increase inflation and they did! So inflation was higher in June than May…. Under Trump? Yes?
@adoo remember when the MAGATS @raining threes claimed if Trump appointed a new fed chair everyone else will fall in line lol Such a dumb group of people
Inflation was very mild and MUCH LOWER than under Biden's disastrous term. You want SOME inflation so that people continue to spend money and asset values increase. Deflation is an economy wrecker (people just wait to buy things until the price goes down)... so today's inflation (positive but below 3.0%) is almost exactly where you want it to be... and it's very close to the Federal Reserve's target level for inflation. All in all, it was a great inflation report and Trump is delivering on his promise of bringing down inflation. Just look at how awful inflation was during Biden's tenure. Inflation hit 9% at one point under Biden. He destroyed the way of living for millions of working class Americans. Trump is breathing life into the economy and restoring their standard of living. GOOD DAY
Its funny how you cultists forget to mention inflation in USA was lower than it was in Europe and we saw deflation faster than every other developed nation. MAGA always forget to mention inflation was a global problem that every country dealt with
Bloomberg added more color to the June CPI apppliances jumped the most in nearly five years, toys increased at the fastest pace since early 2021 while household furnishings and sports equipment climbed by the most since 2022. Inflation Insights President Omair Sharif pointed out that excluding cars, core goods prices climbed 0.55% in June—the biggest monthly advance since Nov 2021. “Today’s report showed that tariffs are beginning to bite,” he said in a note.
1. America leads the world economy, and not follows. This is because the US Dollar is the global reserve currency. Inflation in the USA ignited inflation abroad. Inflation started in the USA because of Biden's fiscal recklessness. Money supply increased and inflation was the predictable result. 2. Fortunately, we have not seen deflation at all. We've seen a decrease in the rate of inflation. Big difference. You are very wrong in your description of deflation in the USA. You have a long way to go before you can debate the economy with a Global Industrialist. GOOD DAY
Friends, this man cherry picked the parts of the economy that had higher inflation and only used those examples. He intentionally omitted the parts of the economy with lower rates of inflation and even some with deflation. A dishonest man. Gasoline, airfare, electronics, hotel rooms -- all experienced significant decreases in cost. Groceries, college tuition, pet care, even alcohol experienced lower than average inflation. You can't cherry pick what you strangely consider good news (high inflation items) and not tell the rest of the story and share the areas of the economy that showed slower rates of growth and even decreases. That's just dishonest on your part. Speaks to your character, unfortunately. GOOD DAY
Important people are saying that the tarrifs are just to distract us from the Epstein files. Important people are also saying wake up sheeple.
Finally someone gets it.. Everything Trump needs a distraction he will pull the Ole increase the Tariff trick... anybody want to bet a wager. T_Man
USA leads the world in consumption not manufacturing. China's zero covid policy is what led to global inflation. China shut down their manufacturing base which led to supply bottlenecks and build up demand which was exploited by corporations to hike up prices. It had nothing to do with Bidens policies This is why countries like Colombia/Brazi/EU saw massive inflation bcz they import massive amount of goods from China like the USA. When you cut supply at a time the world is opening up and demand goes up you will create inflation. Learn basic economics before you blabber disinformation. You are not intelligent in any way shape or form. You get routinely slapped around and exposed here often. Good day
Thumbs up pointing out that corporations leveraged consumer acceptance to price gouge. IMO, executives should be held legally accountable for this sort of thing; the fact that they get away with hurting people for profit is what gave birth to Luigi and we will see more of his ilk. But that's all another thread. Back on topic, the ~6 trillion in money printed in 2020 by Trump to keep the economy afloat didn't help.
this should make heads explode link will work for everyone Forget TACO. Trump Is Winning His Trade War. The president wants tariffs, the higher the better. Whether that is achieved unilaterally or via deals is secondary. https://www.wsj.com/economy/trade/f...7?st=Wt6mpV&reflink=desktopwebshare_permalink
