Economics Thread

[thethe]

Why do we need rate cuts when the economy is so hot?

Because the conditions that required higher rates don’t exist today. Isn’t that obvious?

Majority of people feel Powell has been very late on cuts.

We all know whh

 

[Tapate50]

Half of MAGA is all-in on Jerome Powell being brought to justice and the other half is laughing at fools on the left that think this is anything more than the DOJ kindly following up on a referral which won’t go anywhere.

It’s not a monolith like the Dems .

Sorry not sorry

 

[mqt]

It’s not a monolith like the Dems .

Sorry not sorry

This isn’t about their opinions on Powell, it’s the two different ways in which they’re spinning the same actions by Trump’s DOJ. Once there’s clarity in what will actually happen they’ll get on board.

 

[thethe]

This isn’t about their opinions on Powell, it’s the two different ways in which they’re spinning the same actions by Trump’s DOJ. Once there’s clarity in what will actually happen they’ll get on board.

Yeah - Powell thinks he’s above the law.

What other take can we have right now?

 

[Tapate50]

2.6 cpi below expected of 2.7

 

[Tapate50]

This isn’t about their opinions on Powell, it’s the two different ways in which they’re spinning the same actions by Trump’s DOJ. Once there’s clarity in what will actually happen they’ll get on board.

Ok! If you say so

 

[thethe]

2.6 cpi below expected of 2.7

Tax on consumers man - empty shelves.

Everyone loves giving updates on May-July. Somehow those updates stopped.

“It’s because you’re annoying and don’t listen”

Sure guys that’s the reason we stopped getting updates on how we could survive liberation day. Winter of death baby!

 

[sturg33]

I thought truflation was 1.2 or whatever

Looking forward to the next vacation!

 

[thethe]

I thought truflation was 1.2 or whatever

Looking forward to the next vacation!

Yes the whole point is that truflarion is current and real prices cpi from government is lagging and inaccurate based on many model assumptions.

I guess you like government now

 

[sturg33]

No I dont trust government at all. Whatever they say, its worse.

But im sad we are celebrating 2.6% cpi a year into this. Trump term 1 was under 2

 

[thethe]

You would think that a service leveraging chainlink would be supported by Sturg. Doesn’t fit the narrative though

 

[sturg33]

2.6% inflation means buying power is cut in half in 27 years. And we are celebrating

 

[sturg33]

What is chainlink?

 

[thethe]

No I dont trust government at all. Whatever they say, its worse.

But im sad we are celebrating 2.6% cpi a year into this. Trump term 1 was under 2

Yeah the situation assumed this time was worse than last time and we are already under 2%. What an amazing job!

 

[thethe]

What is chainlink?

This isn’t a real question because you know what it is and you and I both hold it. You Probabaly much more smartly.

 

[thethe]

2.6% inflation means buying power is cut in half in 27 years. And we are celebrating

In line with inflation for almost all presidents. Trump also gives people real wage growth as opposed to stagnation

 

[sturg33]

Im just trying to understand.

Healthcare experts are right on things like rent control, minimum wage, tax burdens, etc

They are idiots when it comes to tarrifs and government seizing private business

 

[thethe]

Im just trying to understand.

Healthcare experts are right on things like rent control, minimum wage, tax burdens, etc

They are idiots when it comes to tarrifs and government seizing private business

Actual health care experts get things right too you know. They are just wrong on a massive thing like Covid just like economists are wrong on tariffs.

 

[sturg33]

Actual health care experts get things right too you know. They are just wrong on a massive thing like Covid just like economists are wrong on tariffs.

Im going to choose to decline the 50th iteration of a daily back and forth in which you admit that prices were increased due to tariffs but also tariffs didn't lead to price increases

 

[thethe]

Im going to choose to decline the 50th iteration of a daily back and forth in which you admit that prices were increased due to tariffs but also tariffs didn't lead to price increases

Hey - You can twist the argument in any wrong way you want to make you feel better.

BE (Board Economists) state that tariffs are passed through to the consumer in its entirety (pretend this wasn';t your position).

thethe states that a small portion of the tariff is passed through to the consumer while supplier eats the largest chunk and corps eat another piece becuase of price elasticity.

Reality comes in that all CPI estimates are below target and REAL inflation is below 2%.

Its obvious who was right here but apparently you won't accept data accumulated in almost real time via blockchain. "What is Chainlink?"

What a joke that question was....