Tariffs and Potential Inflation

[Sytes]

View attachment 349855

A bit more fitting:

 

[Nick87]

A bit more fitting:

Both flavors are one in the same.

 

[Nick87]

Inflation is low now...yes it took a while to get there ...

 

[Rie Bread]

I heard Stevie wonder is gonna head up the economic foresight committee

 

[VikingsGuy]

So, if in 2025 we had 100% inflation but then in 2026 it returned to 2% per year for the next 10 years, in 2027 does saying inflation is over really accurately described the real world lived experience of the average American? Absent a deflationary cycle (which can actually be worse) prices will never go back to “normal”. The $2 loaf of bread is “now” $4 forever (and rising by 2% a year) - it doesn’t go back down to $2 magically.

That’s why politicians saying “but inflation is over” is such clueless claptrap and the average voter called them on it.

Initial fed hopes that the post-Covid inflation was situational and “elastic” was pretty quickly understood to be not the case by the fed. Too much $$$ had been flooded into the economy. The inflation is now forever baked into our economy. Not good for the unemployed, partially employed, retirees and other fixed income folks.

 

[Nick87]

So, if in 2025 we had 100% inflation but then in 2026 it returned to 2% per year for the next 10 years, in 2027 does saying inflation is over really accurately described the real world lived experience of the average American? Absent a deflationary cycle (which can actually be worse) prices will never go back to “normal”. The $2 loaf of bread is “now” $4 forever (and rising by 2% a year) - it doesn’t go back down to $2 magically.

That’s why politicians saying “but inflation is over” is such clueless claptrap and the average voter called them on it.

Initial fed hopes that the post-Covid inflation was situational and “elastic” was pretty quickly understood to be not the case by the fed. Too much $$$ had been flooded into the economy. The inflation is now forever baked into our economy. Not good for the unemployed, partially employed, retirees and other fixed income folks.

There's a video that explains it better than I can, but I can't find it. But if in 2021 you gained 18 lbs 2022 you gained 9lbs and in 2023 you gained 4 lbs

Your not up 4lbs your up 31lbs

 

[VikingsGuy]

But let’s also be clear. You can’t add large tariffs and have further tax cuts and not get inflation for these reasons as well. If you insist on pumping up a balloon it will get larger. The balloon doesn’t care who you voted for.

 

[Rie Bread]

Both flavors are one and the same.

I prefer purple drank

Speaking of inflation anyone remember those 25 cent home run pies? Those things are $2.50!!

 

[Sytes]

That’s why politicians saying “but inflation is over” is such clueless claptrap and the average voter called them on it.

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Whether we pay more, we make more... it's life and why 1950 Cadillac cost $3k vs $70k current.

Would $70k be considered base MSRP value?

 

[Sytes]

I prefer purple drank

What primary color would a third party assume?
Say we had a version of Theodore Roosevelt's Bull Moose Party, what color?

 

[Rie Bread]

What primary color would a third party assume?
Say we had a version of Theodore Roosevelt's Bull Moose Party, what color?

I’m talking about purple flavored soda

 

[Nick87]

I prefer purple drank

Speaking of inflation anyone removed those 25 cent home run pies? Those things are $2.50!!

Went to subway few months back $15 foot long just doesn't have the same ring to it as $5. buT tHE GraPH sHOwS INFLation iS up only 4%!!

 

[SAJ-99]

But an adult faces a problem knowing there will be pain instead of ignoring a growing problem.

Tell us you haven't been to Walmart lately without saying you haven't been to Walmart lately.
I wish your statement were true. I really do. But one party broadly lost an election because of the price of groceries. I don't think there is clear understanding of what is gained and what is lost. People vote off what they see. If they were adults and wanted to confront problems we wouldn't be in this situation.

A bit more fitting:

I thought you were checking out? You know what else hasn't gone back to 2019 levels? My stock portfolio.

 

[Nick87]

because of the price of groceries

I don't think that was it. Been wrong before though.

 

[Rie Bread]

Went to subway few months back $15 foot long just doesn't have the same ring to it as $5. buT tHE GraPH sHOwS INFLation iS up only 4%!!

Gah simpler times being a poor boy back then. $5 foot long, breakfast and lunch