It is already happening, inflation, get ready for Trump inflation.

[John Edgar Slow Horses]

Is Trump President or are you an election denier?

He is the President in a democratic, federal, republic. He is not a dictator.

 

[Mashmont]

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

www.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.

https://www.reuters.com/markets/us/us-fiscal-health-risks-increase-after-trump-election-says-moodys-2024-11-08/

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.

Are you serious? A Biden supporter going on about inflation? lol.

 

[John Edgar Slow Horses]

Are you serious? A Biden supporter going on about inflation? lol.

It's centrist and Republican sources as well.

 

[Couchpotato]

He is the President in a democratic, federal, republic. He is not a dictator.

So we agree that my initial statement about the electorate was correct. Cool.

 

[otto105]

Are you serious? A Biden supporter going on about inflation? lol.

Are you serious? A maga fuckup now ignoring inflation. LMAO.

 

[Mashmont]

Are you serious? A maga fuckup now ignoring inflation. LMAO.

Biden's inflation. lol.

 

[John Edgar Slow Horses]

So we agree that my initial statement about the electorate was correct. Cool.

You agree that your statement was in error. Thank you.

 

[John Edgar Slow Horses]

Biden's inflation. lol.

It's Trump's and always has been.

 

[Couchpotato]

You agree that your statement was in error. Thank you.

What about what I said was in error?

 

[John Edgar Slow Horses]

What about what I said was in error?

Thank you, and don't try to back out. You pinned yourself, and no one is responsible to argue it with you because you are unrepentant.

 

[Couchpotato]

Thank you, and don't try to back out. You pinned yourself, and no one is responsible to argue it with you because you are unrepentant.

lol. So nothing then. Got it.

 

[John Edgar Slow Horses]

lol. So nothing then. Got it.

Yeah, you are pinned, and it is over.

 

[Couchpotato]

Yeah, you are pinned, and it is over.

 

[John Edgar Slow Horses]

 

[otto105]

Biden's inflation. lol.

Shitlers! tariff inflation. LMAO

 

[Contumacious]

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

www.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.

https://www.reuters.com/markets/us/us-fiscal-health-risks-increase-after-trump-election-says-moodys-2024-11-08/

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.

Pure Unadulterated Bullshit

It may take 12 to 18 months or more from the time cheap money (paper money) is pumped into the economy until exerts an inflationary effect.


So the Biden cheap money policies effects may extend to July 2026

Biflation: Definition, Causes, and Example

Biflation describes the simultaneous occurrence of inflation, price rises, and deflation, price falls, in different parts of the economy.

www.investopedia.com

 

[John Edgar Slow Horses]

Pure Unadulterated Bullshit

It may take 12 to 18 months or more from the time cheap money (paper money) is pumped into the economy until exerts an inflationary effect.


So the Biden cheap money policies effects may extend to July 2026

Biflation: Definition, Causes, and Example

Biflation describes the simultaneous occurrence of inflation, price rises, and deflation, price falls, in different parts of the economy.

www.investopedia.com

The original Trump money is still there.

 

[Winston]

So the Biden cheap money policies effects may extend to July 2026

So then we agree, it was Trump's cheap money policies that led to inflation through July of 2023.

 

[hondo 50]

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.

Happen this quickly?! Your thread is dated Nov 11. In case you don't know, Trump was no even in office then. Guess you meant to put your thread in the Humor sub-forum.

 

[John Edgar Slow Horses]

Trump is an inflation creator.