Bond prices have dropped sharply since Trump's election. Investors worry that his economic policies will boost inflation and fiscal deficits. This can hurt US economy by making borrowing more expensive.
Another BAD republican admin on the way............ AGAIN!
Quote Originally Posted by thirdperson:
Bond prices have dropped sharply since Trump's election. Investors worry that his economic policies will boost inflation and fiscal deficits. This can hurt US economy by making borrowing more expensive.
Another BAD republican admin on the way............ AGAIN!
Manchin recounted how he tried to convince Biden to work across the aisle on the American Rescue Plan and how he warned about the dangers of inflation if Democrats went through with plans to extend unemployment benefits through October 2021, but was ignored thanks to the advice of 17 Nobel laureates.
"I warned of that, and I got criticized, as you recall, they told me they had 17 Nobel laureates," Manchin said, later arguing that they were "17 educated idiots" that were telling Biden "what you want to hear because you paid them."
"17 educated idiots"
Joe Manchin
Manchin recounted how he tried to convince Biden to work across the aisle on the American Rescue Plan and how he warned about the dangers of inflation if Democrats went through with plans to extend unemployment benefits through October 2021, but was ignored thanks to the advice of 17 Nobel laureates.
"I warned of that, and I got criticized, as you recall, they told me they had 17 Nobel laureates," Manchin said, later arguing that they were "17 educated idiots" that were telling Biden "what you want to hear because you paid them."
Trump policy is a recipe for more inflation. First, universal tariffs trigger a global trade war. 10% tariff is roughly a $1500 annual tax increase for typical household. Secondly, lower interest rate by gutting federal reserve independence. Third, tax cuts juice consumer demand to potentially raise prices. Fourth, limits on immigration by mass deportation worsen labor shortage. Fifth, devaluation of dollar increases prices of imported goods.
When it happens, guess who the MAGAs will blame .....
Quote Originally Posted by thirdperson:
Trump policy is a recipe for more inflation. First, universal tariffs trigger a global trade war. 10% tariff is roughly a $1500 annual tax increase for typical household. Secondly, lower interest rate by gutting federal reserve independence. Third, tax cuts juice consumer demand to potentially raise prices. Fourth, limits on immigration by mass deportation worsen labor shortage. Fifth, devaluation of dollar increases prices of imported goods.
When it happens, guess who the MAGAs will blame .....
Joe Manchin Manchin recounted how he tried to convince Biden to work across the aisle on the American Rescue Plan and how he warned about the dangers of inflation if Democrats went through with plans to extend unemployment benefits through October 2021,
Presidents have little control over inflation which is largely driven by supply disruption and excess demand. Polls show broad public support for American rescue plan which lead to the best economic recovery from pandemic and recession of any country in the world. Plan prevented recession which would have been harder to manage. In addition, plan assisted local governments, vaccine distribution, schools, unemployment benefits, housing, transportation, child tax credit, Obamacare and medicaid subsidies.
Quote Originally Posted by UNIMAN:
Joe Manchin Manchin recounted how he tried to convince Biden to work across the aisle on the American Rescue Plan and how he warned about the dangers of inflation if Democrats went through with plans to extend unemployment benefits through October 2021,
Presidents have little control over inflation which is largely driven by supply disruption and excess demand. Polls show broad public support for American rescue plan which lead to the best economic recovery from pandemic and recession of any country in the world. Plan prevented recession which would have been harder to manage. In addition, plan assisted local governments, vaccine distribution, schools, unemployment benefits, housing, transportation, child tax credit, Obamacare and medicaid subsidies.
Presidents have little control over inflation which is largely driven by supply disruption and excess demand. Polls show broad public support for American rescue plan which lead to the best economic recovery from pandemic and recession of any country in the world.
A fact deliberately overlooked by fascism supporters...
Quote Originally Posted by thirdperson:
Presidents have little control over inflation which is largely driven by supply disruption and excess demand. Polls show broad public support for American rescue plan which lead to the best economic recovery from pandemic and recession of any country in the world.
A fact deliberately overlooked by fascism supporters...
Quote Originally Posted by thirdperson: Trump policy is a recipe for more inflation. First, universal tariffs trigger a global trade war. 10% tariff is roughly a $1500 annual tax increase for typical household. Secondly, lower interest rate by gutting federal reserve independence. Third, tax cuts juice consumer demand to potentially raise prices. Fourth, limits on immigration by mass deportation worsen labor shortage. Fifth, devaluation of dollar increases prices of imported goods. When it happens, guess who the MAGAs will blame .....
how many guesses to we get ?
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
Quote Originally Posted by fubah2:
Quote Originally Posted by thirdperson: Trump policy is a recipe for more inflation. First, universal tariffs trigger a global trade war. 10% tariff is roughly a $1500 annual tax increase for typical household. Secondly, lower interest rate by gutting federal reserve independence. Third, tax cuts juice consumer demand to potentially raise prices. Fourth, limits on immigration by mass deportation worsen labor shortage. Fifth, devaluation of dollar increases prices of imported goods. When it happens, guess who the MAGAs will blame .....
Quote Originally Posted by fubah2: Quote Originally Posted by thirdperson: Trump policy is a recipe for more inflation. First, universal tariffs trigger a global trade war. 10% tariff is roughly a $1500 annual tax increase for typical household. Secondly, lower interest rate by gutting federal reserve independence. Third, tax cuts juice consumer demand to potentially raise prices. Fourth, limits on immigration by mass deportation worsen labor shortage. Fifth, devaluation of dollar increases prices of imported goods. When it happens, guess who the MAGAs will blame ..... how many guesses to we get ?
How many do you need?! LOL
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: Quote Originally Posted by thirdperson: Trump policy is a recipe for more inflation. First, universal tariffs trigger a global trade war. 10% tariff is roughly a $1500 annual tax increase for typical household. Secondly, lower interest rate by gutting federal reserve independence. Third, tax cuts juice consumer demand to potentially raise prices. Fourth, limits on immigration by mass deportation worsen labor shortage. Fifth, devaluation of dollar increases prices of imported goods. When it happens, guess who the MAGAs will blame ..... how many guesses to we get ?
The Federal Reserve’s favored inflation gauge just moved in the wrong direction! It comes as President-elect Donald Trump promises massive tariffs that could push the cost of living even higher!
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
cut from cnn ::
The Federal Reserve’s favored inflation gauge just moved in the wrong direction! It comes as President-elect Donald Trump promises massive tariffs that could push the cost of living even higher!
The Federal Reserve’s favored inflation gauge just moved in the wrong direction! It comes as President-elect Donald Trump promises massive tariffs that could push the cost of living even higher!
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
cut from cnn ::
The Federal Reserve’s favored inflation gauge just moved in the wrong direction! It comes as President-elect Donald Trump promises massive tariffs that could push the cost of living even higher!
CNN - Trump falsely claimed of the tariffs he imposed during his first presidency:
“They cost Americans nothing.”
Study after study, including one from the federal government’s bipartisan US International Trade Commission, found that Americans bore almost the entire cost of Trump’s tariffs on Chinese products! The tariffs are paid by US importers, not foreign exporters as Trump regularly claims, and it’s easy to find specific examples of companies that passed along the cost of the tariffs to US consumers.
Trump’s lies about tariffs
CNN - Trump falsely claimed of the tariffs he imposed during his first presidency:
“They cost Americans nothing.”
Study after study, including one from the federal government’s bipartisan US International Trade Commission, found that Americans bore almost the entire cost of Trump’s tariffs on Chinese products! The tariffs are paid by US importers, not foreign exporters as Trump regularly claims, and it’s easy to find specific examples of companies that passed along the cost of the tariffs to US consumers.
Trump’s lies about tariffs CNN -Trump falsely claimed of the tariffs he imposed during his first presidency: “They cost Americans nothing.” Study after study, including one from the federal government’s bipartisan US International Trade Commission, found that Americans bore almost the entire cost of Trump’s tariffs on Chinese products! The tariffs are paid by US importers, not foreign exporters as Trump regularly claims, and it’s easy to find specific examples of companies that passed along the cost of the tariffs to US consumers.
Tariffs 101 the consumer of the goods PAYS!
Quote Originally Posted by fubah2:
Trump’s lies about tariffs CNN -Trump falsely claimed of the tariffs he imposed during his first presidency: “They cost Americans nothing.” Study after study, including one from the federal government’s bipartisan US International Trade Commission, found that Americans bore almost the entire cost of Trump’s tariffs on Chinese products! The tariffs are paid by US importers, not foreign exporters as Trump regularly claims, and it’s easy to find specific examples of companies that passed along the cost of the tariffs to US consumers.
Quote Originally Posted by fubah2: Trump’s lies about tariffs CNN -Trump falsely claimed of the tariffs he imposed during his first presidency: “They cost Americans nothing.” Study after study, including one from the federal government’s bipartisan US International Trade Commission, found that Americans bore almost the entire cost of Trump’s tariffs on Chinese products! The tariffs are paid by US importers, not foreign exporters as Trump regularly claims, and it’s easy to find specific examples of companies that passed along the cost of the tariffs to US consumers. Tariffs 101 the consumer of the goods PAYS!
thats what i was taught too
simple economics when we think about it
our higher wages is the actual problem
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
Quote Originally Posted by Zeus4par:
Quote Originally Posted by fubah2: Trump’s lies about tariffs CNN -Trump falsely claimed of the tariffs he imposed during his first presidency: “They cost Americans nothing.” Study after study, including one from the federal government’s bipartisan US International Trade Commission, found that Americans bore almost the entire cost of Trump’s tariffs on Chinese products! The tariffs are paid by US importers, not foreign exporters as Trump regularly claims, and it’s easy to find specific examples of companies that passed along the cost of the tariffs to US consumers. Tariffs 101 the consumer of the goods PAYS!
Soon after the convicted criminal found liable for sexual assault who is the leader of the maga fascist party was declared victor in the election inflation began rising again
It was falling over most of the past year leading to a fed rate cut and probability for more
That's up in the air now
Soon after the convicted criminal found liable for sexual assault who is the leader of the maga fascist party was declared victor in the election inflation began rising again
It was falling over most of the past year leading to a fed rate cut and probability for more
On the New Republic, Nobel economist Klugman warns that many Trump voters will be brutally scammed. Biggest threat to US economy is Trump's bad policies. Higher tariffs, tax cuts for the rich and mass deportation. He has a history of hiring small business people as contractors and not paying them. Not a good bet to blindly assume second term would be the same as first term.
On the New Republic, Nobel economist Klugman warns that many Trump voters will be brutally scammed. Biggest threat to US economy is Trump's bad policies. Higher tariffs, tax cuts for the rich and mass deportation. He has a history of hiring small business people as contractors and not paying them. Not a good bet to blindly assume second term would be the same as first term.
On Jan. 20, President Biden will hand over to Trump with a very good economy with GDP growing at 3.1%, low 3.2% annual prices increase and low unemployment rate of 4.1%.
Nicely done, Pres. Biden!
On Jan. 20, President Biden will hand over to Trump with a very good economy with GDP growing at 3.1%, low 3.2% annual prices increase and low unemployment rate of 4.1%.
On Jan. 20, President Biden will hand over to Trump with a very good economy with GDP growing at 3.1%, low 3.2% annual prices increase and low unemployment rate of 4.1%. Nicely done, Pres. Biden!
I just spit out my soda laughing so hard!
Quote Originally Posted by Europa:
On Jan. 20, President Biden will hand over to Trump with a very good economy with GDP growing at 3.1%, low 3.2% annual prices increase and low unemployment rate of 4.1%. Nicely done, Pres. Biden!
Quote Originally Posted by thirdperson: Presidents have little control over inflation which is largely driven by supply disruption and excess demand. Polls show broad public support for American rescue plan which lead to the best economic recovery from pandemic and recession of any country in the world. A fact deliberately overlooked by fascism supporters...
Do you see the irony of your own statement?
Titlecp of the tread "16 NOBEL PRIZE WINNING ECONOMISTS SEE A TRUMP INFLATION BOMB!"
Then there's talk of Biden era inflation and suddenly it's;
"PRESIDENTS HAVE LITTLE CONTROL OVER INFLATION WHICH IS LARGELY DRIVEN BY SUPPLY DISRUPTION AND EXCESS DEMAND." "A FACT DELIBERATELY OVERLOOKED BY FASCISM SUPPORTERS."
If that is the case then I guess those 16 economists and the Op, his supporters, are fascists for claiming a president will cause an inflation bomb.
Quote Originally Posted by fubah2:
Quote Originally Posted by thirdperson: Presidents have little control over inflation which is largely driven by supply disruption and excess demand. Polls show broad public support for American rescue plan which lead to the best economic recovery from pandemic and recession of any country in the world. A fact deliberately overlooked by fascism supporters...
Do you see the irony of your own statement?
Titlecp of the tread "16 NOBEL PRIZE WINNING ECONOMISTS SEE A TRUMP INFLATION BOMB!"
Then there's talk of Biden era inflation and suddenly it's;
"PRESIDENTS HAVE LITTLE CONTROL OVER INFLATION WHICH IS LARGELY DRIVEN BY SUPPLY DISRUPTION AND EXCESS DEMAND." "A FACT DELIBERATELY OVERLOOKED BY FASCISM SUPPORTERS."
If that is the case then I guess those 16 economists and the Op, his supporters, are fascists for claiming a president will cause an inflation bomb.
Quote Originally Posted by fubah2: Quote Originally Posted by thirdperson: Presidents have little control over inflation which is largely driven by supply disruption and excess demand. Polls show broad public support for American rescue plan which lead to the best economic recovery from pandemic and recession of any country in the world. A fact deliberately overlooked by fascism supporters... Do you see the irony of your own statement? Titlecp of the tread "16 NOBEL PRIZE WINNING ECONOMISTS SEE A TRUMP INFLATION BOMB!" Then there's talk of Biden era inflation and suddenly it's; "PRESIDENTS HAVE LITTLE CONTROL OVER INFLATION WHICH IS LARGELY DRIVEN BY SUPPLY DISRUPTION AND EXCESS DEMAND." "A FACT DELIBERATELY OVERLOOKED BY FASCISM SUPPORTERS." If that is the case then I guess those 16 economists and the Op, his supporters, are fascists for claiming a president will cause an inflation bomb.
LMAO
Quote Originally Posted by UNIMAN:
Quote Originally Posted by fubah2: Quote Originally Posted by thirdperson: Presidents have little control over inflation which is largely driven by supply disruption and excess demand. Polls show broad public support for American rescue plan which lead to the best economic recovery from pandemic and recession of any country in the world. A fact deliberately overlooked by fascism supporters... Do you see the irony of your own statement? Titlecp of the tread "16 NOBEL PRIZE WINNING ECONOMISTS SEE A TRUMP INFLATION BOMB!" Then there's talk of Biden era inflation and suddenly it's; "PRESIDENTS HAVE LITTLE CONTROL OVER INFLATION WHICH IS LARGELY DRIVEN BY SUPPLY DISRUPTION AND EXCESS DEMAND." "A FACT DELIBERATELY OVERLOOKED BY FASCISM SUPPORTERS." If that is the case then I guess those 16 economists and the Op, his supporters, are fascists for claiming a president will cause an inflation bomb.
On Jan. 20, President Biden will hand over to Trump with a very good economy with GDP growing at 3.1%, low 3.2% annual prices increase and low unemployment rate of 4.1%. Nicely done, Pres. Biden!
@Europa
And no covid disaster - like the convicted felon/SEX-OFFENDER handed off to Biden!!
Quote Originally Posted by Europa:
On Jan. 20, President Biden will hand over to Trump with a very good economy with GDP growing at 3.1%, low 3.2% annual prices increase and low unemployment rate of 4.1%. Nicely done, Pres. Biden!
@Europa
And no covid disaster - like the convicted felon/SEX-OFFENDER handed off to Biden!!
Fed set to hit 
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