Showed inflation much higher than cpi early in his term when we all said the numbers were underselling it.
Economics Thread
- Thread starter sturg33
- Start date
When industries go obsolete because of technology the shift to stable assets during uncertainty make sense. You just want it to be because of a bad economy.
We will continue to see high growth / low to no inflation / median wage growth / investment at amazing levels.
I hope you continue to double down on this.
sturg33
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So Biden got left with the insane Covid spend inflation Trump brought us and meaningfully reduced it in 2 years on the back of the IRA
sturg33
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I can tell you being involved in layoff discussions that the strategy is to blame AI and not business needs. Its a convenient excuse
Also look at companies like UPS following suit.
Either way, a bunch of high paid people losing their jobs ain't good. Also, no housing being sold
I don’t think the website itself is bad, but it’s not what the Trump Administration is claiming it to be. It’s basically a government-hosted GoodRX and if I had one complaint it’s that I’ve seen some cases where it appears if you didn’t look at generics on other platforms you’d be at risk of paying more for name brand by following their link. Hardly anything to be worked up about, but also kind of a waste of resources.
No because Trump was getting it under control toward the end of his first term. Then the lockdowns and vaccine mandates continued. You know this
sturg33
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Right so Trump flooded the economy with dollars creating massive inflation... then Biden got stuck with it and solved it, per truflation, in 2023
The inflation took 10 months to take effect?
sturg33
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Sure. Youre not gonna see it overnight.
Didn’t think that - trump had virtually zero inflation during the second half and past of 2020.
Maybe it was something else that triggered the low growth policies to offset increase money supply
sturg33
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There have been no empty shelves and also Trump did not follow through with the tariffs he promised.
And whenever he needs a price cut, he reduces tariffs
Hmm - you didn’t address the claim there. I wonder why
sturg33
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I dont think I ever laughed at the idea that raising prices would reduce how much Americans can afford to buy
Mmhmmm - those insanely increased prices which can’t be validated by comparing goods price a year ago to today.
sturg33
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Yes we've done this exercise.
I have posted the many items who prices have increased. Ive posted the many ceos who have admitted to raising prices.
It never matters
sturg33
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Again, if truflation is correct, thank you Joe