It is already happening, inflation, get ready for Trump inflation.
- Thread starter Winston
- Start date
People don't go to work to keep prices low. Are you for mandates to keep workers working longer?
- Mar 11, 2015
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BluesLegend
Diamond Member
Well it didn't take long for Dems to start blatantly lying about Trump. Have Dems threatened to impeach him a 3rd time yet?
Toddsterpatriot
Diamond Member
Great, let's talk about the corporate tax cut coming down the pipe. How did that work out last time?
It worked great.
Now, are you going to explain more about how higher tax rates stimulate new investment?
It is called the Laffer curve, do you really thing the inflection point of that curve is under 25%?
Why would I mind tax rates below the inflection point?
Toddsterpatriot
Diamond Member
What do gold futures today say about inflation expectations?
The opposite of gold futures rising.
SweetTea
Diamond Member
- May 10, 2015
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Nobody ever answers this question regarding tariffs. I’ll try again.
How is it that tariffs, which will be targeted, will cause consumer prices to rise and yet corporate tax hikes for all US companies as proposed by Democrats would not.? Just curious as to the logic behind this.
PS: There is no reasonable logic behind it, but I look forward to some spin.
SweetTea
Diamond Member
- May 10, 2015
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Transitory means not a trend in economic terms. The fed and Yellen even dropped the term because they knew they were wrong. Some economists and some people who weren’t completely biased knew they were wrong the minute they said it. I was one of them as my posts on this board will reflect. The point is that nearly every academic profession we have now is skewed by politics and it is dominated by Democrats.
In the spring of 2021, the Fed was forced to confront a problem the country had not experienced in decades: really high inflation.
The consumer price index (CPI) increased at an annualized rate of 4.2% in April, the highest level in almost 13 years. By May, the year-over-year increase had risen to 4.9% before increasing to 5.3% in June.
Fed Chair Jerome Powell and other Fed officials told Americans not to worry. They argued that high inflation was due to a series of weird circumstances, such as supply chain issues and comparisons to 2020 when economies were shut down.
Plus, the trendline was driven by a few goods, such as used cars, and it was not-broad based. According to Powell, soon everything would go back to normal.
“[T]hese one-time increases in prices are likely to have only transient effects on inflation,” Powell said in March 2021.
Treasury Secretary Janet Yellen, for her part, expected inflation to drop by the end of the year. That was the conventional wisdom among most economists at the time.
They were all wrong.
Transitory Inflation: A Short History
Last edited:
- Apr 11, 2023
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IDIOCRACY
Diamond Member
- Nov 16, 2017
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Perhaps the dumbest post of the season. To think you stayed home to "research this" and write that piece of shit.
Economists warn Trump’s policies will trigger inflation
US president-elect won on claims he could rid of high prices yet many analysts think he will do the oppositewww.ft.com
I have been pretty busy since election day, but today I stayed home and did some research.
I posted a couple of threads during the presidential race indicating that Trump's proposals were highly inflationary, but I didn't think it would start this quickly. Let's look at some of his priorities and how they will impact inflation. Let us start with making the Trump taxcuts permanent.
That proposal alone adds one trillion dollars a year to the deficit. Just to let you know, the deficit for the 2024 budget was projected at 1.8 trillion. That is more than a fifty percent increase, think that might be inflationary? Does anyone think there will be a one trillion dollar reduction in spending? Seriously?
Outside of cutting SNAP benefits, eliminating free lunch programs for millions of indigent children, eliminating aid to Ukraine, and eliminating the Department of Education, I don't see any real proposals to cut spending. And the later, well it is going to end up costing all of us through higher property and sales taxes.
Listening to Trump on the campaign trail, well he leads you to believe that the entire budget of the Department of Education is spent on the salaries of bureaucrats. That is just not the case. The federal government accounts for over ten percent of the funding of public schools, and in low-income and rural areas it is much higher. If that is eliminated it will have to be replaced, at least to some degree. That means you are going to pay for it through higher local and state taxes.
Then there are tariffs. I mean you are living in a fantasy world if you believe what Trump says, those foreign countries will pay the cost. It just doesn't work that way, it is basic Macroeconomics. Sure, it might motivate more people to "buy American", but then again, why should we need tariffs for that? What happened to patriotism? Walmart famously tried the concept, posting American made signs beside merchandise made in America. That went over like a turd in a punchbowl and was quickly eliminated. Nobody really cared, they wanted cheap. Well, those tariffs will take "cheap" off the table.
Then there is that mass deportation. Sounds good. Russia and Germany sure bud liked the idea before and during WWII. But that comes at a cost, and it severely cuts the labor force. And sorry, some jobs Americans are not going to do no matter how much they get paid. I mean around here there is a huge immigrant labor force working the fields. They drive Hummers and F-250's, obviously they are making good money. You are looking at food shortages for everything from tomatoes to leaf lettuce. That is going to drive prices up.
But anyways, like I said, it has already started. This morning the first thing I thought of was the rating agencies. I was like, damn, they need to make a statement. Warn of a downgrade if Trump's initiatives are carried out. Well damn, they have.
And mortgage rates, yep, done deal.
Mortgage rates surge higher on Trump victory, causing housing stocks to fall
Lennar, D.R. Horton and PulteGroup were all down Wednesday. Retailers Home Depot and Lowe’s were also lower.www.nbcnewyork.com
I wish, I wish, I wish I were a fish. You got it Mr. Limpet, and it ain't going to be pretty.
LAUGHatLEFTISTS
Diamond Member
- Jan 22, 2020
- 17,473
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Economists warn Trump’s policies will trigger inflation
US president-elect won on claims he could rid of high prices yet many analysts think he will do the opposite
I have been pretty busy since election day, but today I stayed home and did some research.
I posted a couple of threads during the presidential race indicating that Trump's proposals were highly inflationary, but I didn't think it would start this quickly. Let's look at some of his priorities and how they will impact inflation. Let us start with making the Trump taxcuts permanent.
That proposal alone adds one trillion dollars a year to the deficit. Just to let you know, the deficit for the 2024 budget was projected at 1.8 trillion. That is more than a fifty percent increase, think that might be inflationary? Does anyone think there will be a one trillion dollar reduction in spending? Seriously?
Outside of cutting SNAP benefits, eliminating free lunch programs for millions of indigent children, eliminating aid to Ukraine, and eliminating the Department of Education, I don't see any real proposals to cut spending. And the later, well it is going to end up costing all of us through higher property and sales taxes.
Listening to Trump on the campaign trail, well he leads you to believe that the entire budget of the Department of Education is spent on the salaries of bureaucrats. That is just not the case. The federal government accounts for over ten percent of the funding of public schools, and in low-income and rural areas it is much higher. If that is eliminated it will have to be replaced, at least to some degree. That means you are going to pay for it through higher local and state taxes.
Then there are tariffs. I mean you are living in a fantasy world if you believe what Trump says, those foreign countries will pay the cost. It just doesn't work that way, it is basic Macroeconomics. Sure, it might motivate more people to "buy American", but then again, why should we need tariffs for that? What happened to patriotism? Walmart famously tried the concept, posting American made signs beside merchandise made in America. That went over like a turd in a punchbowl and was quickly eliminated. Nobody really cared, they wanted cheap. Well, those tariffs will take "cheap" off the table.
Then there is that mass deportation. Sounds good. Russia and Germany sure bud liked the idea before and during WWII. But that comes at a cost, and it severely cuts the labor force. And sorry, some jobs Americans are not going to do no matter how much they get paid. I mean around here there is a huge immigrant labor force working the fields. They drive Hummers and F-250's, obviously they are making good money. You are looking at food shortages for everything from tomatoes to leaf lettuce. That is going to drive prices up.
But anyways, like I said, it has already started. This morning the first thing I thought of was the rating agencies. I was like, damn, they need to make a statement. Warn of a downgrade if Trump's initiatives are carried out. Well damn, they have.
And mortgage rates, yep, done deal.
Mortgage rates surge higher on Trump victory, causing housing stocks to fall
Lennar, D.R. Horton and PulteGroup were all down Wednesday. Retailers Home Depot and Lowe’s were also lower.
I wish, I wish, I wish I were a fish. You got it Mr. Limpet, and it ain't going to be pretty.
You wasted a day off.
SweetTea
Diamond Member
- May 10, 2015
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They wouldn’t re-invade on Trump’s watch. Won’t happen. They would wait to see if America is dumb enough to elect another feckless Democrat before making any subsequent moves. It is amazing that you guys haven’t figured it out yet that our enemies are taking advantage of Democrat’s weakness.
SweetTea
Diamond Member
- May 10, 2015
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And the stock market jumped because investors are giddy over not having to deal with the Democrat’s boneheaded economic policies.(capital gains increases across the board, unrealized capital gains taxes for the ultra-wealthy, raising the corporate income tax rate, etc.)
- Apr 11, 2023
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Border shutdown, tariffs, and deportation will hurt you far more than me.
berg80
Diamond Member
- Oct 28, 2017
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