New Inflation Data Is Worse Than You Think

It'll be "Biden's Economy" until things are peachy.

Even though Trump and the flock have been saying how WONDERFUL Trump has made it.

They're all so damn full of shit, ain't they?

:laugh:
Overall inflation flat, food prices down, energy prices down.


Evidently these numbers confuse you as much as trying to add 15 +15, Simp. :auiqs.jpg:
 
No they won't. Not even close. Real wages are not growing and higher consumer prices from tariffs will eat into the benefits from the budget busting tax cut.
There was a time when you'd chuckle at how they don't know how tariffs work, how global supply chains function, how manfunctioning internal economic mechanics can cause inflation to spike, or how they clearly don't understand macroeconomics. It was kinda funny.

Not so funny any more. I used to have a few advisory clients like that. I'd just try to change the subject.
 
Actually, most of them have. He's using the DoJ as a tool for retribution, the tariff chaos has alienated allies, we are on the cusp of more tariff related inflation than we've already seen, he promised not to screw people on Medicaid but did it anyway, he is using the office to corruptly amass personal wealth, he failed to end the war in Ukraine, his cabinet has shown itself to be a collection of unqualified clowns, he still doesn't understand how tariffs work, he has claimed presidential powers that don't exist, he is irreversibly harming the environment for the sake of corporate profits, he is attempting to turn the US in to an autocracy........pretty much all the predictions have come true.
Lies.
 
There was a time when you'd chuckle at how they don't know how tariffs work, how global supply chains function, how manfunctioning internal economic mechanics can cause inflation to spike, or how they clearly don't understand macroeconomics. It was kinda funny.

Not so funny any more. I used to have a few advisory clients like that. I'd just try to change the subject.
Ok “EXPERT’, when will prices go up, and by how much.

Let’s see that big economic brain of yours at work. :auiqs.jpg: :auiqs.jpg: :auiqs.jpg:
 
No they won't. Not even close. Real wages are not growing and higher consumer prices from tariffs will eat into the benefits from the budget busting tax cut.
Wages are increasing more than inflation.
Food and energy costs are down.
Tax cuts increase tax revenues because the GDP increases.
 
MAGATs can't stand the truth. They run from it like scared little girls.
Look, I get it, it is all you have left you have been screaming the sky is falling for sometime with the tariffs and it hasn't so scream more Bish!
 
Core inflation rose at an annualized rate of 3.1% in July, the Bureau of Labor Statistics announced on Tuesday, as President Donald Trump's nonsensical tariffs led to rising prices for American consumers. The current topline figure is 2.7% This is .2 percentage points higher than the previous month’s figure.

That 3.1% annualized rate is the fastest rising inflation rate in five months, and higher than the 2.9% annualized rate BLS clocked in July 2024, according to The New York Times.

"For two years inflation was declining toward the [Federal Reserve Bank’s] target. That seems to be over," University of Michigan economics professor Justin Wolfers wrote in a post on X.

Economists agree.

"Trump was handed a stable economy. I expected them to screw up either the labor market, prices, or growth. I didn't expect them to fumble all three," Mike Konczal, senior director of policy and research at the Economic Security Project, wrote in a post on X.


The only reason Trump beat Harris by a measley 1 1/2 points was because of higher prices and inflation. You know, the things he said he would bring down on day one. This hurts his voters in red rural districts the most. Not only has he made life more unaffordable for them, but his big billionaire bill is closing hospitals in those districts, and they are losing health care benefits. And his tariffs are the highest tax increase on them since the McKinnley administration, only making it worse.

This is not going to go over well in the elections for Republicans. Who are just hanging themselves by making excuses for Taco Pedo at townhalls they're getting booed out of.
I am not really sure why they all seem to think the fed will cut rates due to this, but whatever. I personally think the weakening jobs numbers is due in large part to companies unwinding DEI hires and sorting the wheat from the chaff with all the any warm body will do hiring after COVID.
 
Core inflation rose at an annualized rate of 3.1% in July, the Bureau of Labor Statistics announced on Tuesday, as President Donald Trump's nonsensical tariffs led to rising prices for American consumers. The current topline figure is 2.7% This is .2 percentage points higher than the previous month’s figure.

That 3.1% annualized rate is the fastest rising inflation rate in five months, and higher than the 2.9% annualized rate BLS clocked in July 2024, according to The New York Times.

"For two years inflation was declining toward the [Federal Reserve Bank’s] target. That seems to be over," University of Michigan economics professor Justin Wolfers wrote in a post on X.

Economists agree.

"Trump was handed a stable economy. I expected them to screw up either the labor market, prices, or growth. I didn't expect them to fumble all three," Mike Konczal, senior director of policy and research at the Economic Security Project, wrote in a post on X.


The only reason Trump beat Harris by a measley 1 1/2 points was because of higher prices and inflation. You know, the things he said he would bring down on day one. This hurts his voters in red rural districts the most. Not only has he made life more unaffordable for them, but his big billionaire bill is closing hospitals in those districts, and they are losing health care benefits. And his tariffs are the highest tax increase on them since the McKinnley administration, only making it worse.

This is not going to go over well in the elections for Republicans. Who are just hanging themselves by making excuses for Taco Pedo at townhalls they're getting booed out of.
Let us know when it hit's Biden's 9%. And, show us your posts where you criticized Biden's 9%. You can't.
 
Actually, most of them have. He's using the DoJ as a tool for retribution, the tariff chaos has alienated allies, we are on the cusp of more tariff related inflation than we've already seen, he promised not to screw people on Medicaid but did it anyway, he is using the office to corruptly amass personal wealth, he failed to end the war in Ukraine, his cabinet has shown itself to be a collection of unqualified clowns, he still doesn't understand how tariffs work, he has claimed presidential powers that don't exist, he is irreversibly harming the environment for the sake of corporate profits, he is attempting to turn the US in to an autocracy........pretty much all the predictions have come true.
You're a clown, none of what you say remotely resembles reality. Keep crying, and focusing on petty nonsense because when it comes to the issues you folks have nothing.
 
15th post
We will have disaster with Trump if he is not corralled.

Biden pulled us out of Trump's inflation crisis because he mismanaged Covid response and shipping.,

Trump will do much worse.
Fauci who is an expert on biological warfare changed his views several times.
 
Look, I get it, it is all you have left you have been screaming the sky is falling for sometime with the tariffs and it hasn't so scream more Bish!
I just post the data, you guys deny it. Yet you never have any data of yer own, so ******* lame you be.
 
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