I Thought Trump Campaigned on Lowering Prices!?!?

The biggest decline of food costs since December 2020.

  HEADLINES today . . .

There’s no denying it now:
Trump's tariffs ARE raising prices!

May 16, New York CNN —

[the racist/convicted felon’s] pitch to Americans on the campaign trail last year included a simple promise: lower prices on Day One!!

Even if he didn’t mean it literally, it’s now Day 115, and the results of his only significant economic policy show that the opposite is happening!!!

Thursday brought an avalanche of data that all point to one outcome:

Prices are going up!  

In April, wholesale inflation declined 0.5%.  No thanks to Trump because his policies are mostly inflationary.  Many tariffs haven't been put in place yet.  But the good news is unlikely to last if tariffs remain high.  If Walmart must increase prices, then smaller retailers must increase prices too.

  HEADLINES Friday . . .

Americans pulled back significantly on spending as higher tariffs took effect in April

CNN —

In a sign that consumer demand may be fraying around the edges, spending at US retailers slowed sharply in April to 0.1% after a surge of 1.7% in March as shoppers rushed to beat Trump’s stiff tariffs.

The April data was worse than the 0.2% monthly rise economists polled by FactSet predicted.

Among the biggest monthly declines was motor vehicle and part sales, which declined to -0.1% in April from 5.5% in March.

Consumer spending is the backbone of the economy, accounting for two-thirds of gross domestic product. 

  The steep drop in retail sales could lead to another quarter of disappointing GDP after the contraction seen last quarter.

Definitely going in the wrong direction!

which would be a recession

thks to rump

University of Michigan survey shows republican voters far better at predicting inflation than democrat voters.

https://cms.zerohedge.com/s3/files/inline-images/bfmCC55.jpg?itok=aDZCz5XT

absolutely wrong way !  

Mortgage rates climb to highest level in more than three months amid bond market unrest  

...thanks to trump! 

The average rate on a standard, 30-year fixed mortgage was 6.86% in the week ending May 22, the highest level since mid-February, according to data released Thursday from Freddie Mac.

Growing concern about the national debt impacted home borrowing rates this week.

Many Canadians have vowed to sell their Florida properties rather than come back to our country. It's going to be a tough sell for them with those rates. 

Our 2 Canadian couples that rented from us have said they won't be coming back next year. 

At 2k a month each, that's a potential lost of 20k for 5 months of rent.

The places are easy to rent but it's just a real pain in the ass. We trusted our Canadian friends & they left the properties immaculate.

Now we gotta fuck around with new renter references/credit checks etc. 

President Dickface has fucked plenty of people in the country already & we're just 2 of them.

  Many retailers have warned that they won’t, as Trump has demanded, ‘eat’ additional costs caused by his stupid import taxes

Price changes at Walmart will likely take effect
by early June and prices will increase
“much more” by late June, the company’s finance chief,
John David Rainey, told CNBC.