Wasn't Don touting his victory on affordability at the SOTU?

[berg80]

Core wholesale prices rose 0.8% in January, much more than expected​

Core wholesale prices rose 0.8% in January, much more than expected

The core producer price index increased a seasonally adjusted 0.8%, more than the 0.6% gain in December.

www.cnbc.com

He told some whoppers about the price of meat. Too many others to list. The point being one of the signature campaign promises, to greatly reduce inflation, has been a bust.

But hey, we'll always have Venezuela. And blowing up those people in boats. What a kick. Next up, Iran.

 

[ColonelAngus]

Thread 'Oil refineries in Cali are shutting down due to Newsom’s regulations, sending gas prices above $4.50. Some economists are predicting $8-$9 gas.'

Friday at 7:00 AM

I am failing to see how the extremely expensive gas in California is TRUMP’S FAULT.

CALIFORNIA is suffering the consequences of the leadership they voted for.

Similar to the train wreck in NYC.

Do not forget, NEWSOM WENT TO OUT DINNER WITH NO MASK WHILE PEOPLE IN CALIFORNIA WERE ARRESTED FOR NOT COMPLYING WITH LOCKDOWNS.

It is always that way for communists.

• ColonelAngus
• Replies: 45
• Forum: Politics

• 
• 
• 

How is this Trump’s fault?

 

[Rambunctious]

Core wholesale prices rose 0.8% in January, much more than expected​

Core wholesale prices rose 0.8% in January, much more than expected

The core producer price index increased a seasonally adjusted 0.8%, more than the 0.6% gain in December.

www.cnbc.com

He told some whoppers about the price of meat. Too many others to list. The point being one of the signature campaign promises, to greatly reduce inflation, has been a bust.

But hey, we'll always have Venezuela. And blowing up those people in boats. What a kick. Next up, Iran.

People at CNBC don't do their own shopping... they have illegal aliens do it for them after they wipe their dirty toilets clean...

 

[Rambunctious]

Prices are down... stop fing lying when we can see the prices for ourselves...
Of course berg80 was fine with Biden's inflation that we are still sadly experiencing.... but Trump is fixing the economy and its obviously working.... so **** you Biden and **** you berg80.....

 

[berg80]

People at CNBC don't do their own shopping

What does that unsubstantiated claim have to do with an unexpectedly high CPI number?

 

[Rambunctious]

What does that unsubstantiated claim have to do with an unexpectedly high CPI number?

CNBC lies... we have caught them lying hundreds of times about Trump... you will never make us believe prices are not down... so just stop trying...

 

[Rambunctious]

CNBC..... believe us not your own eyes....
Yeah right....

 

[Rambunctious]

Under Joe autopen I wasn't adding any money to my savings account... today I'm depositing over $2000 per month into my savings account....
MAGA rules baby....

 

[Mac1958]

Core wholesale prices rose 0.8% in January, much more than expected​

Core wholesale prices rose 0.8% in January, much more than expected

The core producer price index increased a seasonally adjusted 0.8%, more than the 0.6% gain in December.

www.cnbc.com

He told some whoppers about the price of meat. Too many others to list. The point being one of the signature campaign promises, to greatly reduce inflation, has been a bust.

But hey, we'll always have Venezuela. And blowing up those people in boats. What a kick. Next up, Iran.

Yikes.

Well, he says affordability is a Dem hoax anyway, and he doesn't lie.

 

[berg80]

Yikes.

Well, he says affordability is a Dem hoax anyway, and he doesn't lie.

D's have been seen changing the prices of items on store shelves and are hacking websites to change prices to create the illusion of inflation. It's a commie conspiracy.

 

[Hafar1014]

Core wholesale prices rose 0.8% in January, much more than expected​

Core wholesale prices rose 0.8% in January, much more than expected

The core producer price index increased a seasonally adjusted 0.8%, more than the 0.6% gain in December.

www.cnbc.com

He told some whoppers about the price of meat. Too many others to list. The point being one of the signature campaign promises, to greatly reduce inflation, has been a bust.

But hey, we'll always have Venezuela. And blowing up those people in boats. What a kick. Next up, Iran.

Wages are up more than inflation, housing costs are down, and the middle class got the biggest tax cut in history after Bidens inflation caused the affordability peo0blem in the first place

 

[Winston]

Core wholesale prices rose 0.8% in January, much more than expected​

Core wholesale prices rose 0.8% in January, much more than expected

The core producer price index increased a seasonally adjusted 0.8%, more than the 0.6% gain in December.

www.cnbc.com

He told some whoppers about the price of meat. Too many others to list. The point being one of the signature campaign promises, to greatly reduce inflation, has been a bust.

But hey, we'll always have Venezuela. And blowing up those people in boats. What a kick. Next up, Iran.

I would disagree with the chosen headline. Whole prices were up by .5%, not .8%. It was final demand for services that was up .8%. Actually, for goods, it was a decline of .3 percent. One could really make the argument that prices, for goods, really did go down in December.

https://www.bls.gov/news.release/pdf/ppi.pdf

I am just beginning to analyze but in the future any posting concerning BLS numbers should include a link to the BLS report.

One thing that really jumps out.

Over 20 percent of the January increase in prices for final demand services is attributable to a 14.4-percent jump in margins for professional and commercial equipment wholesaling.

Now, just for fun and giggles, can anyone explain to me how, in one month, an entire category can increase their margins by almost 15%, and why would they?

On the other hand, almost the entire decline in the price of goods can be attributed to lower gas prices, by 5%. Crude is at a five year low mark but that is due to a global over supply that seems to be locked in for the next couple of years.

 

[martybegan]

I would disagree with the chosen headline. Whole prices were up by .5%, not .8%. It was final demand for services that was up .8%. Actually, for goods, it was a decline of .3 percent. One could really make the argument that prices, for goods, really did go down in December.

https://www.bls.gov/news.release/pdf/ppi.pdf

I am just beginning to analyze but in the future any posting concerning BLS numbers should include a link to the BLS report.

One thing that really jumps out.

Over 20 percent of the January increase in prices for final demand services is attributable to a 14.4-percent jump in margins for professional and commercial equipment wholesaling.

Now, just for fun and giggles, can anyone explain to me how, in one month, an entire category can increase their margins by almost 15%, and why would they?

On the other hand, almost the entire decline in the price of goods can be attributed to lower gas prices, by 5%. Crude is at a five year low mark but that is due to a global over supply that seems to be locked in for the next couple of years.

Isn't high demand and thus price increases for equipment a good thing and indicative of businesses gearing up for more work/production?

 

[Rambunctious]

Yikes.

Well, he says affordability is a Dem hoax anyway, and he doesn't lie.

Dems caused the affordability problem... we are fixing it... only pure TDS sufferers have forgotten Biden's inflation....

 

[berg80]

Now, just for fun and giggles, can anyone explain to me how, in one month, an entire category can increase their margins by almost 15%, and why would they?

Service sector costs drove the overall increase, surging 0.8% largely due to a 2.5% rise in trade service margins – the profit margins earned by wholesale and retail businesses. Professional and commercial equipment wholesalers saw margins spike 14.4%, indicating companies are transferring tariff costs to customers.

January Business Costs Jump Higher Than Forecast, Signaling Potential Price Hikes

Wholesale prices climbed 0.5% in January, exceeding economists' predictions and suggesting businesses may raise consumer prices in coming months. The increase appears driven by companies passing along higher import costs to customers, particularly in retail and wholesale sectors.

www.finedayradio.com

Corporations are tired of absorbing the cost of tariffs.

 

[Winston]

Isn't high demand and thus price increases for equipment a good thing and indicative of businesses gearing up for more work/production?

I suppose one could make that argument. But if that were the case it would not explain the sudden increase in margins. Margins would have remained stable as companies competed for market share. The margins were increased to cover tariffs, either real or anticipated.

 

[Winston]

Service sector costs drove the overall increase, surging 0.8% largely due to a 2.5% rise in trade service margins – the profit margins earned by wholesale and retail businesses. Professional and commercial equipment wholesalers saw margins spike 14.4%, indicating companies are transferring tariff costs to customers.

January Business Costs Jump Higher Than Forecast, Signaling Potential Price Hikes

Wholesale prices climbed 0.5% in January, exceeding economists' predictions and suggesting businesses may raise consumer prices in coming months. The increase appears driven by companies passing along higher import costs to customers, particularly in retail and wholesale sectors.

www.finedayradio.com

Corporations are tired of absorbing the cost of tariffs.

Exactly

 

[martybegan]

I suppose one could make that argument. But if that were the case it would not explain the sudden increase in margins. Margins would have remained stable as companies competed for market share. The margins were increased to cover tariffs, either real or anticipated.

You don't increase margins to cover tariffs, you decrease them, because the $$ goes to the government.

Margins at this point are the same as profit.

 

[Winston]

You don't increase margins to cover tariffs, you decrease them, because the $$ goes to the government.

Margins at this point are the same as profit.

That is what companies did, at first. And yes, margins declined.

“Retailers’ tariff bill has come down marginally in the last few months, but they have continued to lift their selling prices,” Samuel Tombs, chief U.S. economist at Pantheon Macroeconomics, wrote in a commentary.

U.S. wholesale prices arrive hotter than expected in January | Investment Executive

Rise in retailer profit margins suggests tariffs costs being passed on to consumers

www.investmentexecutive.com

 

[martybegan]

That is what companies did, at first. And yes, margins declined.

“Retailers’ tariff bill has come down marginally in the last few months, but they have continued to lift their selling prices,” Samuel Tombs, chief U.S. economist at Pantheon Macroeconomics, wrote in a commentary.

U.S. wholesale prices arrive hotter than expected in January | Investment Executive

Rise in retailer profit margins suggests tariffs costs being passed on to consumers

www.investmentexecutive.com

You can also increase efficiencies and do other things to eat some of the tariff costs. The idea that the entire cost goes right to the consumer is erroneous.