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re: Yahoo Finance:The smart money is preparing for Trumpflation

Posted on 6/21/24 at 6:53 pm to
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
94093 posts
Posted on 6/21/24 at 6:53 pm to
quote:

the post that I edited was the post clearly talking about events in the past


Yes of course it was

quote:

You’re a clown, everyone on this board knows you’re a clown, so go back to your safe space on the PT, clown 


Posted by Joshjrn
Baton Rouge
Member since Dec 2008
31758 posts
Posted on 6/21/24 at 7:27 pm to
Full edit, because I misread:

quote:

Yes of course it was

Yes, because talking about what Trump did while the "sitting president" is somehow present or future, fricking clown

Also, I love that you still haven't acknowledged that your post clearly says "or lower rates"

ETA: Also, I'm now confused. Are you saying my post *currently* doesn't read as speaking out events in the past, or that they were talking about the future, but I edited it to talk about the past?
This post was edited on 6/21/24 at 7:33 pm
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
94093 posts
Posted on 6/21/24 at 7:40 pm to
You said Orange wants negative rates for his next run. You edited that out after i asked you where he has said that recently

You said it was a fact he has said it and posted a link to cnbc from last year where he said he would lower rates


Is this really that hard for you?
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
31758 posts
Posted on 6/21/24 at 7:49 pm to
quote:

You said Orange wants negative rates for his next run. You edited that out after i asked you where he has said that recently


So it's your position that I said that Trump said he wants negative rates during his next term in the following post, but that I edited it out?
quote:

Are you fricking retarded? The Fed chair is appointed by the president. When the sitting president starts barking that any talk of raising interest rates by the Fed is simply an attempt to undermine his presidency, and in fact we should potentially lower the rates into the negatives, only an idiot, or a Fed chairman who wants to lose their job, is going to publicly buck that president when their term ends during said presidency. And guess whose current term ends during the next presidential term...
quote:

You said it was a fact he has said it and posted a link to cnbc from last year where he said he would lower rates


I've just now realized how we've been talking past one another. When you posted this:
quote:

Has Orange been calling for negative rates if he gets back in or lower rates?

I interpretted your question as asking, more clearly "Has Trump been calling for either negative rates or lower rates if he gets reelected?" Apparently (if I give you the benefit of the doubt, which I feel rather foolish doing, but I'll try...) you meant, more clearly "Has Trump been calling for negative rates if he's reelected, or is he simply calling for lowering rates?" So my posting a link to an article clearly saying that he would want rates lowered, I believed I was answering your question when (again, giving you the benefit of the doubt...) I was not, which you then interpreted as my... I guess posting a link hoping no one would actually read it?

ETA: And now that I went back and looked, my sentence before the link was again clearly referencing lowering, not going negative.
This post was edited on 6/21/24 at 7:58 pm
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
94093 posts
Posted on 6/21/24 at 8:28 pm to
quote:

So it's your position that I said that Trump said he wants negative rates during his next term in the following post, but that I edited it out?


Yes obviously
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
31758 posts
Posted on 6/21/24 at 8:35 pm to
quote:

Yes obviously

Ok, cool. Just wanted to make sure. Your doubling down on something so absurd while ignoring potential common ground is all I needed to see to show me that giving you any benefit of the doubt is a fool's errand and that continuing to engage with you is a complete waste of time
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40361 posts
Posted on 6/21/24 at 9:26 pm to
quote:

es I agree he kicked the can on the interest rates but again....Covid.


Trump went nuts on Jpow for trying to raise rates in 2018.
Posted by Shepherd88
Member since Dec 2013
4891 posts
Posted on 6/22/24 at 6:20 am to
quote:

Tariffs were how the US government was originally funded, long before an income tax.


Yes.. back in the 1700 & 1800’s. Would you like to go back to that economy?
Posted by OTIS2
NoLA
Member since Jul 2008
52238 posts
Posted on 6/22/24 at 6:32 am to
Research can help…
By 1890, the USA ‘s economic output was twice that of its closest competitor, Great Britain.
Posted by Shepherd88
Member since Dec 2013
4891 posts
Posted on 6/22/24 at 6:45 am to
quote:

By 1890, the USA ‘s economic output was twice that of its closest competitor, Great Britain.


Now run the numbers compared to today.
Posted by OTIS2
NoLA
Member since Jul 2008
52238 posts
Posted on 6/22/24 at 7:03 am to
China is within that margin, if that means anything.
Posted by KWL85
Member since Mar 2023
3228 posts
Posted on 6/22/24 at 7:26 am to
Super excited about having these two geriatric jackasses as our only two choices for president, though. fricking awesome.
_________________

THIS!
Posted by baldona
Florida
Member since Feb 2016
23441 posts
Posted on 6/22/24 at 9:11 am to
quote:

Trump went nuts on Jpow for trying to raise rates in 2018.


You are correct and that's more than fair.

But inflation is not 100% correlated to interest rates as in there are other factors.

The fed isn't 100% controlled by the president so Trump can't just come in and lower interest rates to whatever he wants.

Again though as I said, what would a democrat have done differently? What has Biden done outside of not decreased interest rates?

I'd argue some of the largest impacts on inflation are:
1.) Min wage and other democrat wage/ employee policies
2.) Insurance - policies that are increasing insurance rate (also natural disasters out of any president's control)
3.) Healthcare
4.) Welfare policies
5.) Ukraine funding
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
31758 posts
Posted on 6/22/24 at 9:37 am to
quote:

I'd argue some of the largest impacts on inflation are: 1.) Min wage and other democrat wage/ employee policies 2.) Insurance - policies that are increasing insurance rate (also natural disasters out of any president's control) 3.) Healthcare 4.) Welfare policies 5.) Ukraine funding

I’d like to hold off on discussing Ukraine funding for the moment, as while that’s obviously going to be a driver, it will be a complex calculus of gradation that would bog things down a bit. So before that:

I’m certainly not denying that the things you listed are drivers of inflation (at least under the bullshite definition of inflation under MMT, but I digress…), but I can’t think of any major federal/governmental shifts in any of those four areas over the last three years. Am I just not remembering them?
Posted by SurfOrYak
BR/MsDelta
Member since Jul 2015
422 posts
Posted on 6/22/24 at 11:10 am to
quote:

I'd argue some of the largest impacts on inflation are:
1.) Min wage and other democrat wage/ employee policies
2.) Insurance - policies that are increasing insurance rate (also natural disasters out of any president's control)
3.) Healthcare
4.) Welfare policies
5.) Ukraine funding


In light of the current (but trending down) inflation, under which category do we put covid checks and loans? Welfare policies?
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
12931 posts
Posted on 6/22/24 at 12:02 pm to
quote:

I hate Biden and think he needs to be in a nursing home but it is disingenuous to put the inflation blame on him.


Meh, what happened during Covid certainly set the stage for a tic up in inflation. But Biden threw gasoline on the fire right out of the gate. Needlessly. He owns this.
Posted by KTiger85
Member since Oct 2018
917 posts
Posted on 6/22/24 at 1:02 pm to
Your take sounds political. Inflation would have occurred if Trump had won the last election as well.
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
12931 posts
Posted on 6/22/24 at 2:09 pm to
It’s all political because political decisions help drive this. 2020 was 4 years ago. When Trump left office inflation was basically non existent. Look at what this government has been spending the last 3 years. When you look at things like deficit to gdp, we have spending similar to the height of WWII. We are adding a trillion of new debt every 3 months. Look at the money spent on the infrastructure bill. Can you even name any meaningful infrastructure that has been built? And the ridiculously named inflation reduction act. I could go on and on. Stop acting like the kind of inflation we’ve seen was inevitable. It wasn’t.
Posted by Shepherd88
Member since Dec 2013
4891 posts
Posted on 6/22/24 at 2:55 pm to
In the same token. Look how much money Trump spent during Covid. 30% of all the money the US has ever printed was printed right before his re-election campaign and through the end of 2021 which was Biden’s first year. It’s ignorant to say that this didn’t begin with Trump and continue with Biden.
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
12931 posts
Posted on 6/22/24 at 3:05 pm to
You must not have read my first post on this a while back.
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