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We are on the Verge of Economic Catastrophe

He can't "pause" tariffs anymore, even when he pauses them. Tariffs have to be priced in the markrts now. Pausing them allows retailers to stock up, but won't stop price increases down stream. Because retailers can't buy unlimited inventory and will raise current prices to cover future tariff inflated purchaces. Pausing either buys a little time, causes a slightly slower price increase, or causes retailers to add 10% to prices to hoard cash now rather than finance tariffs later by borrowing more to get inventory.

That's why consumer confidence is decreasing. They know it's coming. The pauses have been on large tariffs and certain industries. Cost increases are just starting and could cause runs on goods as people see small increases and anticipate much larger increases.

The markets are pricing the tariffs in with some pauses. Retailers are about to. Customers are catching up.

Your best market return this year might be buying things you know you will need, that will increase in price 10-145%, and realizing avoided cost as your return. Beats saving money in a bank at low interest rates.

Food should go down in cost because it's one of the US's largest export and therefore easiest to retalitory tariff. China cancelled a beef and soybean order. Not tariffed, canceled. So beef will go down then get scarcer as farmers shed low return animals.

There will be thousands of these sorts of short and long term corrections.
 
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TV and credit cards said:
The situation creates “immediate and irreparable harm to California, the largest economy, manufacturing, and agriculture state in the nation,” the office said.
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Gov Newsom and CA AG to hold a press conference at 1330 ET.

Because our neutered Congress won’t.
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Holy Crap! Newsome is coming out ready to fight! Yea congress has really let us down. Newsome to the rescue! Pretty solid start to possibly running for president in 28.
 
Does California have standing? Oh boy... bet this SCOTUS will care a lot about that word this time around.
 
TV and credit cards said:
Jimmy Higgins said:
Does California have standing? Oh boy... bet this SCOTUS will care a lot about that word this time around.
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I'm not a lawyer and they wouldn't let me play one on TV either but it seems to me as long as they can show they suffer harm, they have standing.
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I don't think it is that easy as any tax code change could be challenged as such.
 
Trump wants to terminate Powell and put in an RFK grade idiot to run the Fed. The inflation during Biden's administration was pandemic driven, and really unavoidable.

Trump is looking to put someone in the Fed that will cause inflation... on purpose. This inflation will be dreadful for savings. I've worked too hard to be reasonable with money and save and save. Trump is putting all of that sacrifice at great risk. Hopefully Powell isn't fired, but knowing the GOP, I think maybe we should just be at peace with the fact that Trump is going to ruin the United States like he ruined every company he ever ran.
 
This guy is a pilot that illustrates what the tariffs will do to Boeing. For a move that is supposed to bring jobs and manufacturing here, they may well make Boeing an also ran in the civilian aircraft market.
 
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KCFlyer said:
This guy is a pilot that illustrates what the tariffs will do to Boeing. For a move that is supposed to bring jobs and manufacturing here, they may well make Boeing an also ran in the civilian aircraft market.
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Tariffs and their planes coming apart mid air.
 
Boeing might have issues with the tariffs, I presume aluminum issues are a problem, Boeing management has been an even larger issue. From the 737 Max coming with the "don't crash" option being extra and their space pod failure that almost got two astronauts killed.
 
Fire Powell. He won't lower rates which would balance out some of the tariff costs. And of course is needed to lower bond rates as the US rolls over it's debt.


Come on, you don't need a 401k, and can't park money in a bank savings account.

Houses would be the last place for people trying to preserve wealth with low rates, a weak market, and tariffs. Drop interest rates 4% to 2-2.5% and balance out the higher tariff cost of living while house prices soar even more due to demand.

Unless we can deport as fast as demand increases to free up housing.
 
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ImGod said:
Fire Powell. He won't lower rates which would balance out some of the tariff costs. And of course is needed to lower bond rates as the US rolls over it's debt.
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That’s what you do if you want runaway uncontrollable inflation. Just dump cheap money into the economy to cover rising costs. The dollar is instantly worth less, so you have to do it again - with the same result.
 
ImGod said:
Fire Powell. He won't lower rates which would balance out some of the tariff costs. And of course is needed to lower bond rates as the US rolls over it's debt.


Com on, you don't need a 401k, and can't park money in a bank savings account.

Houses would be the last place for people trying to preserve wealth with low rates, a weak market, and tariffs. Drop interest rates 4% to 2-2.5% and balance out the higher tariff cost of living while house prices soar even more due to demand.

Unless we can deport as fast as demand increases to free up housing.
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Get bent. Lower rates benefit the ownership class, who would then be able to take out loans on their holdings and use those loans to buy up property left and right and further consolidate control without cost.

What would free up housing would be something like a land value tax to offset rental incomes and investment holdings.

Land lords and other useless people would be on their ears and the false housing shortages would evaporate.
 
Jarhyn said:
ImGod said:
Fire Powell. He won't lower rates which would balance out some of the tariff costs. And of course is needed to lower bond rates as the US rolls over it's debt.


Com on, you don't need a 401k, and can't park money in a bank savings account.

Houses would be the last place for people trying to preserve wealth with low rates, a weak market, and tariffs. Drop interest rates 4% to 2-2.5% and balance out the higher tariff cost of living while house prices soar even more due to demand.

Unless we can deport as fast as demand increases to free up housing.
Click to expand...
Get bent. Lower rates benefit the ownership class, who would then be able to take out loans on their holdings and use those loans to buy up property left and right and further consolidate control without cost.

What would free up housing would be something like a land value tax to offset rental incomes and investment holdings.

Land lords and other useless people would be on their ears and the false housing shortages would evaporate.
Click to expand...
Sorry, I forgot my sarcasm tag on that last line.
 
ImGod said:
Jarhyn said:
ImGod said:
Fire Powell. He won't lower rates which would balance out some of the tariff costs. And of course is needed to lower bond rates as the US rolls over it's debt.


Com on, you don't need a 401k, and can't park money in a bank savings account.

Houses would be the last place for people trying to preserve wealth with low rates, a weak market, and tariffs. Drop interest rates 4% to 2-2.5% and balance out the higher tariff cost of living while house prices soar even more due to demand.

Unless we can deport as fast as demand increases to free up housing.
Click to expand...
Get bent. Lower rates benefit the ownership class, who would then be able to take out loans on their holdings and use those loans to buy up property left and right and further consolidate control without cost.

What would free up housing would be something like a land value tax to offset rental incomes and investment holdings.

Land lords and other useless people would be on their ears and the false housing shortages would evaporate.
Click to expand...
Sorry, I forgot my sarcasm tag on that last line.
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Yea I picked up on your sarcasm!
 
ImGod said:
Jarhyn said:
ImGod said:
Fire Powell. He won't lower rates which would balance out some of the tariff costs. And of course is needed to lower bond rates as the US rolls over it's debt.


Com on, you don't need a 401k, and can't park money in a bank savings account.

Houses would be the last place for people trying to preserve wealth with low rates, a weak market, and tariffs. Drop interest rates 4% to 2-2.5% and balance out the higher tariff cost of living while house prices soar even more due to demand.

Unless we can deport as fast as demand increases to free up housing.
Click to expand...
Get bent. Lower rates benefit the ownership class, who would then be able to take out loans on their holdings and use those loans to buy up property left and right and further consolidate control without cost.

What would free up housing would be something like a land value tax to offset rental incomes and investment holdings.

Land lords and other useless people would be on their ears and the false housing shortages would evaporate.
Click to expand...
Sorry, I forgot my sarcasm tag on that last line.
Click to expand...
Yeah, we have some folks who reify Poe's Law, and also some autistic folks here who have a hard time on those edge cases.
 
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