US China Trade agreement reached-

Tariffs aren't inflationary. They are like a value added tax. Historically, merchants have picked up approximately 1/2 of the extra tax. There may be a US/China trade deal before we see any product price increases. Clearly, prices are falling now so any increase will be from lower price levels.

 

So that means that their preferred measure of CPI didn't show a decline, right?

 

So who picks up the other half, according to you?

And no, prices aren't falling. Prices falling would mean that inflation was negative. It is not.

 

LOL! It's not like we haven't had a humongous run up in housing prices under the dems and with no corrections in sight. There is 1. not enough housing and 2. no affordable housing for entry level buyers. This occurred under the dems.

 

https://www.bls.gov/news.release/archives/cpi_09112024.pdf

3.2 CPI Core, may as well have been 3.4 or 3.5. Feds cut 1% partially on this information.

 

So the incompetent Trump seems to have, at least temporarily, reversed all his stupid ideas about reshaping the global economy with tariffs. This is the big win? We'd have been better off with my English Bulldog as POTUS - would have sat around eating and not done any of this stupidity, and the country is better off.

At least someone seems to have convinced Trump of his economic idiocy. That's the only "win" I can see.


Edit; are the penguins still being tariffed? They may still be displeased.

 

We're still living with Biden's mess, and you are complaining about what might happen in the future even as prices are falling. Yep, you live in LaLa Land.

 

"May as well have been." Interesting way to say "I was wrong and that wasn't the rate."

 

Feds cut rates 3 times last fall. Yet bond yields went up. Hmmmm.

 

That's a non-answer. The answer is the consumer picks up at least the other half, if not more. Meaning tariffs are inflationary. And we haven't seen the big impacts of Trump's tariffs yet. They are coming in June and July. So are the empty shelves from the Chinese disruption in supply chains. Half empty ports today won't effect shelves for another 4 - 6 weeks on average. And empty shelves (supply shortages) are another cause of inflation.

Let's see where the numbers are for June, July, and August before you start celebrating. If core inflation is at current levels or lower, I'll admit my mistake. Will you if they rise?

 

Right way to say how inconsequential your comment is.

 

Wait, so this decrease in inflation is because of Biden? Cool.

I also notice that you didn't answer the question. Because I bet that even you figured out the obvious logical truth here: if a cost increase is half eaten (a made up number) by "merchants" (eating into their profits), the other half is going to be paid for with price increases.

 

Oh, so 2.8 vs. 3.2 is consequential but 3.2 vs. 3.5 is not consequential? Interesting. Certainly doesn't look ad-hoc at all.

 

So let it be written, so let it be done. In the meantime, try not to hyperventilate too much as prices fall as they did in April.

 

Prices didn't fall. They increased by 0.2% month-over-month and 2.3% year-over-year.

 

Yep, inconsequential. You left out the Fed cut 1% on those higher CPI numbers. Me? I'd be happy to see a fair 3.5% fed rate as I stated above.

Enjoy falling prices while you can. I'm assured here that inflation will be up to 10% like it was under Biden by mid-year.

 

Put another way so you can understand, it's the lowest increase in inflation since February 2021. Yet here you are complaining. (shaking head)

 

Tariff's aren't inflationary? Ford would beg to differ.
Exclusive: Ford hikes prices on Mexico-produced models, citing tariffs
As would other companies
Tariffs have already made mattresses, strollers and power tools more expensive
In April, Stanley Black & Decker, the owner of Dewalt, Craftsman, Black + Decker and other power tool brands, raised prices by an average of high single-digits because of tariffs. It plans to introduce a second round of increases later in the year, the company said on an earnings call.
“Our business teams are continuously assessing the evolving trade policies and diligently evaluating their impacts on our global supply chain and our business,” CEO Donald Allan said.

Yeti also raised prices on 14 items in April, including coolers by an average of 7%, water bottles and tumblers by an average of 11% and dog bowls by an average of 22%, according to Baird analysts. Yeti did not respond to CNN’s request for comment.

Avocado Green Mattresses last week increased mattress prices by 6% and other products by an average of 7.5%, the company told the New York Times. Avocado declined to comment to CNN.

 

Making up numbers is fun and you make it look so easy!

 

Another non-fact based assertion? Link anywhere? Poster's past history suggests zero credibility IMO. Just got caught falsely stating prices fell, but the index proves otherwise. So poster punts and makes ANOTHER unsubstantiated claim ( his MO). Be better