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Started By
Message
re: Inflation.... 2.1%. Always late Powell is an idiot. Lol at the tariffs will raise inf
Posted on 5/30/25 at 9:45 am to GumboPot
Posted on 5/30/25 at 9:45 am to GumboPot
quote:
What a lot of people do not realize is that for a lot of products the manufacturer and/or reseller are eating the tariffs.
Our suppliers are eating some of it, not all. I’m passing it along while keeping my margins the same. Free money is nice and I’m still below MSRP so I still provide a savings.
0
Posted on 5/30/25 at 10:02 am to BestBanker
First of all you can read NPR. They have a website.
Second, I agree that Powell sat on low rates for too long. But this problem began long before Powell.
Lots of problems came to a head resulting in the malaise of the 70’s. Financing the Korean War, The Great Society, Vietnam, Bretton Woods, etc.
Lastly I’m not claiming that he’s helping inflation. If he were interest rates would be 10%. He doing something entirely different. He’s separating our financial system from Europe’s in which they set borrowing rate for offshore dollars. He killed LIBOR.
Second, I agree that Powell sat on low rates for too long. But this problem began long before Powell.
Lots of problems came to a head resulting in the malaise of the 70’s. Financing the Korean War, The Great Society, Vietnam, Bretton Woods, etc.
Lastly I’m not claiming that he’s helping inflation. If he were interest rates would be 10%. He doing something entirely different. He’s separating our financial system from Europe’s in which they set borrowing rate for offshore dollars. He killed LIBOR.
Posted on 5/30/25 at 10:10 am to Bard
There is another option. The states use their power to force balanced budgets.
Posted on 5/30/25 at 10:15 am to Jjdoc
So it’s not the Presidents fault anymore?
Posted on 5/30/25 at 10:18 am to Aubie Spr96
quote:
we are FOR zero percent interest rates now?
Good lord man. Go to my posts and find where the hell I said that.
Posted on 5/30/25 at 10:20 am to SDVTiger
Because they have to hyperbol to come remotely close to saving an argument.
Posted on 5/30/25 at 10:32 am to Jjdoc
Powell might be an Epstein client, under pressure from a 3 letter agency.
Posted on 5/30/25 at 11:35 am to midnight orange
quote:No one is talking about "returning to the zero lower bound."
Returning to the zero bound now
How about just following the Taylor Rule for starters?
We're at 2.1% inflation with a 2% target with consumer spending sharply slowing! W.T.F.?
Meanwhile, the Fed is posturing to counter potential tariff price increases, which would already be deflationary, by further slowing the economy. It is rabidly stupid policy.
The most inflationary element out there is our debt. Without economic growth that problem worsens dramatically. Powell seems scared to death of economic growth. He did what he could to throttle it during Trump I. He's doing the same thing during Trump II.
Posted on 5/30/25 at 12:13 pm to Bard
quote:
Both Congress and the consumer are still creating assloads of new money by creating assloads of new debt.
The consumer can’t create money. When the consumer accumulates debt the money comes from somewhere else, and the net money supply impact is zero. It is the Fed that creates new money by deficit spending that is supported, not by Treasury Bills, but by “printing” money.
Posted on 5/30/25 at 12:14 pm to Jjdoc
The democrats are all in on economic disaster.
They don't really have any kind of a positive vision for the future.
They don't really have any kind of a positive vision for the future.
Posted on 5/30/25 at 12:21 pm to NC_Tigah
quote:Well thank gawd that’s being addressed by the latest BBB, oh, wait…
The most inflationary element out there is our debt.
Posted on 5/30/25 at 12:29 pm to NC_Tigah
I’m not even really talking about inflation. There are other big picture concerns other than goosing consumer demand. He’s killing Davos which is more important.
Posted on 5/30/25 at 12:30 pm to RogerTheShrubber
quote:The only way tariffs “work” (depending on the goal of the day) is if they inflate prices. Of course they do this with no increase in the money supply, so the result is staglation. 70s style!
Long term , wide spread tariffs and trade wars are inflationary.
It’s pretty weird watching MAGA folks embrace keynesian MMT stimulus all of the sudden (did they vote for Obama?) and wanting policies that hurt the chances of tariffs “working” (depending on the goal of the day).
Posted on 5/30/25 at 12:33 pm to Jjdoc
quote:
There is another option. The states use their power to force balanced budgets.
Which has only a slightly higher chance of happening than Congress cutting enough spending to actually balance the budget. But it's the difference between seeing a leprechaun riding on the back of a unicorn versus seeing a leprechaun holding a winning Powerball ticket while riding on the back of a unicorn.
Posted on 5/30/25 at 12:45 pm to Bard
quote:
Which has only a slightly higher chance of happening than Congress cutting enough spending to actually balance the budget. But it's the difference between seeing a leprechaun riding on the back of a unicorn versus seeing a leprechaun holding a winning Powerball ticket while riding on the back of a unicorn.
I don't think it's that unlikely but I see your point. And it's unfortunate. I've been convinced for years that an Article 5 convention is our best chance at fixing permanent Washington. Our current situation is quite literally the reason Article 5 was written.
There is an organized effort to get a convention of states called. Progress is slowly being made -
Posted on 5/30/25 at 12:47 pm to Jjdoc
Consumers are waiting out the interest rates to come down. Inflation is falling which should bring rates lower but Powell is under orders not to give Trump any wins.
Housing rates too high
Housing rates too high
Posted on 5/30/25 at 12:48 pm to midnight orange
The fed was concerned about the excess cash floating in the system due to quantitative easing during covid, since 2022 they have been quantitative tightening.
The reserve repo facility has been reduced to 0 from trillions, and the bank reserves have been reduced back down to 10%.
They have done a good job of getting us off the crack cocaine, seems some of you are demanding another hit
The reserve repo facility has been reduced to 0 from trillions, and the bank reserves have been reduced back down to 10%.
They have done a good job of getting us off the crack cocaine, seems some of you are demanding another hit
Posted on 5/30/25 at 1:08 pm to David_DJS
I get it, but there is still a very long way to go. Currently we need 34 states to call a Convention, thus far only 19 have done so. While it's being discussed in more than enough states, it still needs to pass into law. Each year the debt continues to grow so fast should be that much more impetus for enough of the remaining states to join in, but we're still likely looking at another decade (at least) before we get there.
Another thing to think about is that a COS is limited by only what the delegates want to pass. We want to think it would be common-sense things like "the definition of 'a natural-born citizen' is defined as any person born of at least one parent who was an American citizen at the time of their birth". While that could (and really should) happen, we could also get something like "elected federal officials receive immunity for any traffic laws broken during their time in office."
Another thing to think about is that a COS is limited by only what the delegates want to pass. We want to think it would be common-sense things like "the definition of 'a natural-born citizen' is defined as any person born of at least one parent who was an American citizen at the time of their birth". While that could (and really should) happen, we could also get something like "elected federal officials receive immunity for any traffic laws broken during their time in office."
Posted on 5/30/25 at 1:26 pm to Taxing Authority
quote:Right. The BBB sans rescissions will suck from a deficit standpoint. No question. We'll have to see what rescissions Congress is willing to do.
Well thank gawd that’s being addressed by the latest BBB, oh, wait…
Posted on 5/30/25 at 1:27 pm to Taxing Authority
quote:
The only way tariffs “work” (depending on the goal of the day) is if they inflate prices.
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