Inflation
- Thread starter snarlcakes
- Start date
Bessent is the leader in the club house to be the MVP of this administration.
He’s got the economy on a string (which is an indictment of the power and leverage of our Federal government) and is making it dance exactly how he wants it, to accomplish this administrations objectives.
He’s got the economy on a string (which is an indictment of the power and leverage of our Federal government) and is making it dance exactly how he wants it, to accomplish this administrations objectives.
Why is Denzel slamming the door on Speaker Mike Johnson?
We've been told by all the Trumpers that none of this stock market impact or economic news belongs to Trump as the first 6 months don't count in a new administration.
So just so I can keep score at home, any good news on the economic front we assign to Trump. Anything bad to Biden?
Best two things to happen to biden were manchin and losing the house. Free pizza and no homework would have never ended
Joe biden. Purple haired social worker governance
Problem is Democrat’s don’t see the relationship between a tumbling stock market and inflation reduction because they’ve been conditioned to believe in Silver Bullets and that tradeoffs don’t exist.
It's all well and good that inflation is improving, but I'm buckling in for a recession. All of the government spending that's now being wrapped up and stopped has been the only thing that's prevented it from happening sooner. Throw in all the uncertainty around tariffs and it gets spicy.
First quarter of his presidency. End gov waste. Cool inflation. Bring down gas prices. And end the war in Ukraine. Wow wow wow
All that logic is sound. Minus the idea of a manufacturing renaissance in the U.S. and lower grocery prices across the board.
Some agricultural products we simply can’t grow in the U.S. at scale or at all. The tail on domestic manufacturing reinvestment is extremely long. The Big 3 can’t turn on domestic output of their source materials in a month like Trump wants them to.
Bessent said something troubling the other day along the lines of:
“The American dream is not defined by access to cheap goods”
That’s actually incorrect. Access to cheap goods isn’t the only tenant of the American Dream, but it plays a large part.
You missed Bessent’s point. The working/middle classes have gotten f#cked the past 30 years. The top 10% and Boomers made out like bandits on globalization, immigration, endless war/debt, and etc. The working class got cheap goods, but gave up affordable housing, education, and healthcare.
Which always begs the question. If we take away government spending and go into a recession, weren’t we already in one🤷🏻♂️
I'm happy for any good economic news, but it's a bit premature for any grand celebration. Inflation for the Year 2024 was 2.9%. If we end of up the year lower, I'll be happy (assuming we're not in a recession). But I'm not getting too excited one way or the other about monthly numbers.
Yep. Jeffrey Tucker has a great article on this
Get the Government Out of GDP!
The principle is undeniable that governments have no resources of their own. Everything they have is taken from wealth created by the private sector. They get that through taxation, fees, inflation, and in any other way it can. The revenue comes always at the expense of the private sector and wealth creation.
We can argue about what the government should and should not do and all the ways, if any, that government makes our lives better because what it does is necessary and not otherwise obtainable. What is undeniable, however, is that the resources governments have come at the expense of private production.
How much prosperity did we really experience since 2020? We have every reason to believe it is much less than we’ve been told. For that matter, what about the 1990s and the 1960s? We would like to know.
Some added points:
the tariffs and resulting global trade war will force American farmers to sell more goods in the USA, limiting their markets and driving down earnings, causing either another farm crisis or a huge government payout to avoid one.
More than 95% of all stock is owned by 8% of the population. It skews toward the rich but also skews toward the near-retirement older population, people who have been saving under 401k plans for decades. It’s not a surgical wealth transfer (something that conservatives have long opposed anyway).
One day he has 25% tariffs and the next day he doesn’t. This is to cause extreme volatility in the markets and perhaps also to allow profiteering by big volume market investors in Trump’s inner circle.
Eggs are cheaper now than under Biden. What the actual EFF?
Quick thoughts:
- One month is not a confirmation of a trend
- Is inflation slowing because growth is slowing? (see GDPNow)
- Tariffs have not been factored into prices as of this reading - they still may not for a few more months
I am not sure I believe GDPNow, but if it is accurate, that is a pretty bleak number.
It's not that accurate. From 2011 - 2019 it was 0.5-0.8% off. It sounds like it has gotten worse since then. And it moves somewhat drastically each update until the final estimate, which is still a ways off.
Also, look at just this quarter alone:
As of March 3, 2025, GDPNow estimated Q1 2025 real GDP growth at -2.8%, a sharp drop from +2.3% a week earlier. This volatility early in the quarter highlights a key limitation: initial forecasts rely heavily on incomplete data and can swing dramatically with new releases. Posts on X and some analyses suggest this particular drop may have been influenced by a glitch, such as misinterpreting a surge in gold imports as goods imports rather than financial flows, which GDPNow doesn’t adjust for but the BEA does. If true, this could mean the -2.8% figure overstates the economic contraction, and later updates with corrected data might align closer to other models (e.g., the New York Fed’s Nowcast at +2.9%). This example underscores that GDPNow’s early-quarter estimates can be misleading and should be treated with caution.
Yep. Jeffrey Tucker has a great article on this
Get the Government Out of GDP!
www.theepochtimes.com
The principle is undeniable that governments have no resources of their own. Everything they have is taken from wealth created by the private sector. They get that through taxation, fees, inflation, and in any other way it can. The revenue comes always at the expense of the private sector and wealth creation.
We can argue about what the government should and should not do and all the ways, if any, that government makes our lives better because what it does is necessary and not otherwise obtainable. What is undeniable, however, is that the resources governments have come at the expense of private production.
How much prosperity did we really experience since 2020? We have every reason to believe it is much less than we’ve been told. For that matter, what about the 1990s and the 1960s? We would like to know.
If it's done fairly and properly. Trump is just doing what he was elected to do. Much more to come.
