US Elections (& Politics) :)
- Thread starter sdkid
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bigredfish
Known around here
Another one….
People don’t seem to grasp the fact that these losses will turn into higher prices. They have no choice. And it’s becoming everything not just cars.
Many items have inventory that by most opinions last 2-3 months. Beginning September you’re likely to start noticing it in your checkbook
People don’t seem to grasp the fact that these losses will turn into higher prices. They have no choice. And it’s becoming everything not just cars.
Many items have inventory that by most opinions last 2-3 months. Beginning September you’re likely to start noticing it in your checkbook
And don't forget the job losses. P&G announced eliminating 7,000 jobs, although I am sure the c-suite bonuses aren't affected.
Nah, I buy coffee fresh from local roasters (yes, a coffee snob, if you will). I prefer coffees from Ethiopia and Kenya.
bigredfish
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Sybertiger
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I heard they were gonna call the new country "The EU".
Oceanslider
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Oceanslider
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Trump-Hating Russia Hoax Investigator Fired As Top NSA Lawyer
The National Security Agency removed its top lawyer after The Daily Wire exposed her past work investigating President Donald Trump for Democrats and penning op-eds praising censorship and defending the intelligence community’s treatment of Trump associates like Carter Page.The intelligence...
bigredfish
Known around here
yay
So whats the holdup on my $11,000 raise he promised me?
Inflation will follow tariffs in the 3-6 month period as inventories are depleted (P&G). On some big ticket items (Ford, GM) they'll happen faster.
I guess to most the important thing is seeing feel good headlines and stimmy checks. But over the longer term you're being fucked, its just that many ignore it because the only thing that matters is today, this week. Its amazing to watch as a large portion of the country is so wrapped up in "the winning" they refuse to acknowledge that time and time again many if not most of his boasting proves to be false 3 months later. It simply doesnt matter to them.
Oh it's coming, one day, their Fault line, Fires, Earthquakes, Tsunami, etc. Just a matter of time...
bigredfish
Known around here
More "winning!"
(The GDP of S Korea is $1.7T, so this amounts to them, in Trumps words, "giving" the US roughly 25% of their entire GDP
)
(The GDP of S Korea is $1.7T, so this amounts to them, in Trumps words, "giving" the US roughly 25% of their entire GDP
)LOL
Always late
...I now see this was already posted...
Always late
...I now see this was already posted...
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All you're going to do is send it to Andy. Then the tariffs will create a budget surplus, you'll get a check from that, and send it all to Andy. Except maybe for some gator food.
bigredfish
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bigredfish
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Not the guy I take financial advice from LOL
I wonder if he and others understand that the stock market is not a reflection of the economy. Especially these past 6 years...
And I wonder how many actually compare the prices they pay for goods today vs what they paid say 3 months ago. I;m gonna guess very few. So like I said, the reality of economics doesnt matter, its all about the headline.
Parley
Known around here
Trump is going to impose a 50% tariff on Brazil. Expect Brazilian coffee to go up some more.
Prices are definitely up. What a hundred bucks would buy in 1973 wouldn’t amount to more than a free cup of water today.
That said, if we’re to get our country out of bankruptcy, we all have to tighten our belts. This means no more cheap, subsidized by China, goods from China.
While lowering interest rates can contribute to inflation, it is the easing of underwriting standards that really allows inflation to explode through bubbles like the ones we’ve experienced in housing and used car sales.
Through decades of QE, consumers have come to expect low interest rates. As a result, wages have not risen because the need wasn’t there. I started my mortgage banking career in 1984 when debt to income ratios were strictly enforced: no more than 25% of one’s income could be used for housing. Now, all debt to income can be as high as 50% through Fannie Mae’s Desktop Underwriter program.
It’s like my personal life. I know I need to lose weight but if I don’t put in the work and sacrifice some things, I won’t get there…
This is a very simplified description, and there are many more underlying issues that make up our economy. It’s my opinion that Powell is a partisan leftist and is hurting our economy. Some of this is real, meaning people can’t finance purchases. But some is also psychological, which dampens consumer sentiment.
Just my 2 cents…
That said, if we’re to get our country out of bankruptcy, we all have to tighten our belts. This means no more cheap, subsidized by China, goods from China.
While lowering interest rates can contribute to inflation, it is the easing of underwriting standards that really allows inflation to explode through bubbles like the ones we’ve experienced in housing and used car sales.
Through decades of QE, consumers have come to expect low interest rates. As a result, wages have not risen because the need wasn’t there. I started my mortgage banking career in 1984 when debt to income ratios were strictly enforced: no more than 25% of one’s income could be used for housing. Now, all debt to income can be as high as 50% through Fannie Mae’s Desktop Underwriter program.
It’s like my personal life. I know I need to lose weight but if I don’t put in the work and sacrifice some things, I won’t get there…
This is a very simplified description, and there are many more underlying issues that make up our economy. It’s my opinion that Powell is a partisan leftist and is hurting our economy. Some of this is real, meaning people can’t finance purchases. But some is also psychological, which dampens consumer sentiment.
Just my 2 cents…