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The Wall Street Journal is predicting a first quarter GDP growth of 0.8%. The last quarter under Biden was 3.2%.
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Well... it's Trump... again. #47, here we go.
- Thread starter Jimmy Higgins
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Elixir
Made in America
US consumer inflation increases at fastest pace in nearly 1-1/2 years in January
Yawn. All as predicted. It's what 'Murkinz wanted when they voted for The Felon.Jimmy Higgins
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The stock market tank the last two days is on Trump. Inflation increase in January is part of Biden's term. Trump took power in late January.
Elixir
Made in America
It hit immediately post-election as Companies began raising prices prophylactically.
January inflation RISE was 100% on Trump.
The trade war is making markets jittery. I know they may add $200 million to a $1.5 billion construction project I'm working on now. We have internal groups looking at risks for other projects, spare parts, etc.
Current contracts were written with potential tariffs as a pass through because no supplier would ever sign up for a 10-20% risk to eat a tariff. And no president would impose such a large jump in tariffs with trading partners. Oh wait.
Those costs will get passed on to customers.
The uncertainity of on and off tariffs, depending on the moon cycles or whatever they are using, makes moving factories here impossible to finance. Tariffs might end tomorrow. Not to mention factories take years to build and get going.
So who knows. Costs are going to go way up until something happens. Even moving manufacturing back will take trillions in factory development, US worker training and higher pay, etc. They sure aren't going to build a factory then undercut Chinese product pruces due to tariffs on China. Match their prices with 20% included, sure.
Current contracts were written with potential tariffs as a pass through because no supplier would ever sign up for a 10-20% risk to eat a tariff. And no president would impose such a large jump in tariffs with trading partners. Oh wait.
Those costs will get passed on to customers.
The uncertainity of on and off tariffs, depending on the moon cycles or whatever they are using, makes moving factories here impossible to finance. Tariffs might end tomorrow. Not to mention factories take years to build and get going.
So who knows. Costs are going to go way up until something happens. Even moving manufacturing back will take trillions in factory development, US worker training and higher pay, etc. They sure aren't going to build a factory then undercut Chinese product pruces due to tariffs on China. Match their prices with 20% included, sure.
TomC
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This is the thing that Trumpistas like @RVonse doesn't seem to understand. Virtually all tariffs are taxes on consumers. The vast majority of these taxes are going to be paid for by average folks, regular Americans. Not by corporate bigwigs or investors.
Tom
Elixir
Made in America
I question WHY this obvious fact is not apparent to the Trumpsucking rubes. It’s not rocket surgery; the fed charges tax on imports, whoever buys them pays the tax.
What’s the fucking mystery? What makes people think the foreign Country is paying one penny? Are Trump’s lies just swallowed without question?
ARE ‘MURKINS REALLY THAT STUPID?
^
rhetorical question?
I assume the idea is to get US companies to produce more here. Good in the long run, but how long will it take?
A lot of pain for the average consumer in the meantime.
Oregon produces 16.5% of the soft wood lumber in the US. We could increase that fairly quickly.
There would be a big fight over what and where to cut. The red counties would be jumping up and down. JOBS!!
rhetorical question?
I assume the idea is to get US companies to produce more here. Good in the long run, but how long will it take?
A lot of pain for the average consumer in the meantime.
Oregon produces 16.5% of the soft wood lumber in the US. We could increase that fairly quickly.
There would be a big fight over what and where to cut. The red counties would be jumping up and down. JOBS!!
Jimmy Higgins
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Shouldn't take long at all. Sounds like companies have announced spending of well over $2 trillion in the US over the next 4 years (Apple, OpenAI, Saudi Arabia, etc...). We'll be wiping our butts with $100 bills there'll be so much money being spent.
Elixir
Made in America
We’ll be wiping our butts with C-notes because they will be worth less than toilet paper.
These promises were made by Apricot1 as well. The result? Factories closed, new manufacturing capability decreased.
This time we will be giving away international markets to reciprocal tariffs imposed by other countries, so even if US mfg picks up, our ability to afford what they produce will be kneecapped.
KCFlyer
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I just heard on the drive home that grocery prices (remember when they mattered) will likely rise this week, thanks to tariffs.
KCFlyer
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Forever. The biggest reason for American companies in othr countries is labor costs. So they can build the factory, but people will still be paying the tariffs. And when the factory is built, than can create a couple of hundred new jobs, but the prices will still be as if there were tariffs, because of the increased labor costs.
Who will notice , or even care? One begins to wonder if grocery prices was ever a real issue or just a mask for other, unmentioned, issues.
KCFlyer
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All I heard for four years was Bidenflation. People couldn't afford groceries....Trump even said he won an election because of them. But the MAGA faithful seemed to have bought into it being Biden's fault.
Shadowy Man
Contributor
I think as long as the libs have to pay high groceries too then it’s all good.
crazyfingers
Meow
I'd rather shit diarrhea in the toilet and then throw up in it 10 times than watch Trump. I'll read about it tomorrow.
You won't miss anything that you can't read all about later from dozens of sources.
steve_bank
Diabetic retinopathy and poor eyesight. Typos ...
There was an 80s BBC show Connections.
It showed how throughout history unrelated events combined leading to major shifts.
Who knows where Trumps actions will lead.
The stock market is down over tariffs. Unemployment may rise. Inflation is trending up.
It is not u8nthkanble that all this will lead to an economic crash.
It showed how throughout history unrelated events combined leading to major shifts.
Who knows where Trumps actions will lead.
The stock market is down over tariffs. Unemployment may rise. Inflation is trending up.
It is not u8nthkanble that all this will lead to an economic crash.