Let's wait and see how this all turns out, dpic73! I would bet there will be changes in Canadian actions that we desire.
Impact of Trump Tariffs on American Food Prices
- Thread starter DrTigerGoob
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I feel for families today who are suffering from Bidenomics and Bidenflation. We pick a good time to retire for the second time.
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Inflation reading comes in below expectations for the first time in a long time. Seems like Trump got the message. Down to a 2.8% yoy rate. Still some work to go to get down to 2%
Energy, Transportation, and services continue to fall in price while goods are staying flat.
Trump said he thought he could lower your energy bill by half. Don't know if that was exaggeration or not but not surprised to see energy prices under pressure.
Same with labor. No surprise to see labor come down. It was artificially inflated by fat government jobs that were doled out during the Biden admin. That and the easy money policies.
Transporation down, not sure the main driver? I did see where one of the Airline CEO's said that government air travel was reduced by 40% and is having a meaningful impact on their bottom lines.
Trump said he thought he could lower your energy bill by half. Don't know if that was exaggeration or not but not surprised to see energy prices under pressure.
Same with labor. No surprise to see labor come down. It was artificially inflated by fat government jobs that were doled out during the Biden admin. That and the easy money policies.
Transporation down, not sure the main driver? I did see where one of the Airline CEO's said that government air travel was reduced by 40% and is having a meaningful impact on their bottom lines.
"The extreme unpredictability means that no one knows where or how to invest. Market strategist Art Hogan told CNN’s Matt Egan, “This market is just blatantly sick and tired of the back and forth on trade policy.” Yesterday, Delta Air Lines cut its forecasts for its first-quarter revenue and profits by half, a sign of weakening corporate and consumer confidence and concerns about the safety of air travel. Today, Southwest Airlines and United Airlines cut their forecasts, and American Airlines forecast a first-quarter loss."
We are having similar messaging through our industry as well. Lots of consumer uncertainty driven by fears of job losses, Rising costs, and Stock Market concerns.
Consumers are very cautious right now and not making any major expenditures.
The uncertainty had to happen. We were on an unsustainable path. The last two inflation reports under Biden both increased and were trending higher. Interest rates were also climbing at that same time. The 10year bond was trading at 4.8% when Biden left office. Warren Buffet had accumulated $350B in cash, a record amount, because the buffet indicator on valuations was the highest it has ever been.
Fast forward to today when interest rates are 4.3% and inflation comes in lower than expected. Equity prices are lower, no surprise to anyone, especially Warren Buffet.
The choice was not volatility or no volatility. The volatility was coming one way or another because things must change. Things must change because we were on an unsustainable path. Democrats did not have the will to do anything about it. They let inflation run hot and they paid a price for it. The American people wanted lower inflation and Trump is listenting.
Fast forward to today when interest rates are 4.3% and inflation comes in lower than expected. Equity prices are lower, no surprise to anyone, especially Warren Buffet.
The choice was not volatility or no volatility. The volatility was coming one way or another because things must change. Things must change because we were on an unsustainable path. Democrats did not have the will to do anything about it. They let inflation run hot and they paid a price for it. The American people wanted lower inflation and Trump is listenting.
Oh look, ambiguous financial numbers that can be interpreted however either party wants. I am shocked.
All hail the Trumpcession which will provide lower interest rates and a drop in ROI! We might be unemployed but our employment wasn't sustainable anyway. And who cares that our retirement accounts are tanking too? We should be happy!
What do you mean when you say ambiguous? There is nothing ambiguous about the report, it is a very thorough and detailed report published by the department of labor. There is nothing ambiguous about the report itself.
I agree on interpretation. Not quite enough time for Trumps policies to have their effects trickle through to the economy. But no one can disagree we trended in the right direction for the first time in a long time.
Tell us your benchmarks for success now so that we know you are being honest.
How will you judge Trumps economic policices? Is it number of jobs? The stock market price? Interest rates?
Define what success looks like to you so that you don't keep moving the goal posts.
For me, its inflation near the stated goal of 2%. A balanced budget. And lower taxes. If we make progress towards those goals over the next 4 years ill be happy.
I crushed Biden on inflation during his term, so obviously i think it's important to bring it down. It's my opinion that was the #1 issue for voters.
I just mean that something like a national and global economy has a lot of indicators involved and career economist can't even agree on things typically. Didn't mean the report itself was ambiguous. And that with these types of reports both parties will latch on to what they want to latch on to.
Britain back in the day bullied Everyone
It was called Coloialism
If you characterize what Master Trump
is doing as Bullying
I must say I LOVE TRUMP BULLYING as he is bullying for America first just as the British bullied for themselved
GO TRUMP BULLY EVERYONE INCLUDING @dpic73
Being on this thread is just for giggles
I find myself laughing at some of the ideas and folks on here
Only ONE THING MATTERS TO ME
TRUMP IS IN CHARGE AND WINNING BIG
HE HAS THE RESISTANCE FIGHTING BACK
THEIR DAYS ARE LIMITED
Glad to see the inflation report. The only thing I would say that might temper it from continuing in the coming months is that the only tariffs in place during the measured period were the extra 10% on Chinese goods. We will need to get into April/May to see the effect of the tariffs on inflation (assuming we ever actually implement and leave in place tariffs and don't just use them to negotiate)
I don't have time for a long discussion this morning but I want sanity first and foremost and all economists agree, we don't have that right now. One month is not a trend and the impact of the tariff wars still hasn't been felt. Morgan Chase now projects a 40% chance that we have a recession this year and if that happens, your numbers above won't matter.
How did colonialism play out in the end?
Are you aware that most of the world hates us right now? You and the 45% of the population you represent are the only people on the planet still licking his boots.
You make it sound like there is no truth out there. "They will latch on to what they want to latch on to"
No, they will latch onto reality. The reality is that prices came down under the first report under Trump.
That doesn't mean they will keep coming down. It is not contributable to one factor. It doesn't mean his policies are a success. But it is not ambiguous and it is not luck. Reality is real and you have to give Trump credit where it is due.
We aren't going to agree here I guess. You are still choosing your preferred indicator to talk about the economy overall. And dems will choose the stock market or other indicators that aren't as favorable and ignore the indicators that are favorable. Just like when things were favorable during the Biden admin and we started to rebound post covid, and were outpacing the majority of the world on inflation, the right chose to explain that away and choose other indicators that weren't as favorable, and the left said we were outpacing. It is what it is, politics gonna politics and I tend to think the truth is likely somewhere in the middle about every time.
100% agree. This report had a lot of noise, but it was at least a step in the right direction.
CPI is not my preferred indicator. It's just that the first CPI report that would reflect the Trump admin's policies was released this morning.
The report indicated that prices were dropping. That isn't the right latching onto some narrative. That is just making an observation about reality.
It means nothing in a vacuum. But when viewed as piece of the larger economic puzzle this was very good news.
Any person paying attention to politics and economics is aware that inflation was probably the most important issue for most voters last election.
So no one is twisting numbers or latching onto anything as you seem to suggest. We are making observations about the effects of certain policies and so far Trumps policies have reduced inflation which is what voters asked him to do.
Patience
The direction of the economy takes months to show results and in some cases years and with the Chinese generations
I like everything Trump is doing however I will say there needs to be feedback and adjustments as needed
About August we should either see going better or needs adjustment
Takes time to cook
I have friends overseas and my son just returned from several months
Everyone I know is all in on Trump
Think Greenland
They want to join teh USA USA USA USA LOL
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