Inflation is going to come crashing down if oil is below $70. High gas is a major driver of inflation right now. Much of the rest of the inflation picture doesnt look that bad
3 rate hikes expected this year due to inflation
- Thread starter RoseBowlorBust
- Start date
Todays core inflation was the highest number since October of 2023.
So, trumpflation is higher than the last 16 months of the Biden economy
That is the last third of Biden's term....
Trump inherited inflation that was trending down or low for a full 16 months before trump took over and has driven it higher with his tariffs,his wars, and his insane deficit spending.
If trump just went golfing the last 18 months our economy would be roaring
This is delusional in my mind.
The number one issue last election was the economy and inflation. Trump won in a landslide. He won the popular vote and every single swing state.
Sorry, but numeric facts are not delusional.
The numbers are the numbers.
Are you ready to refute that 2+2=4?
In trump math does 2+2=5?
I can see the numbers. But you have to understand what’s behind the numbers.
Do you remember when Democrats drained the strategic petroleum reserve just before the election in order to get gas prices down and therefore the PCE print lower?
Has nothing to do with risk tolerance. You need to find that corner that you told the poster to sit in and stay there.
I’m going to stay over here in the corner with my returns vs the returns of bonds and indexes. But thanks for the advice though.
Are you one of those “you can’t beat the index people?”
Respectfully, disagree.
Most retailers don't lower prices. They just temporarily stop raising them.
That's not "crashing down".
Homes are still unaffordable. Supplies are tight.
People are worried about job security as companies trim payroll.
The Party in the WH gets the blame...EVERY TIME.
LOL... most of that was congressionally approved under the FAST Act, the Tax Cuts and Jobs Act, and the 2018 Budget, all of which mandated the sale of 173 million barrels of oil from the SPR. You'll notice that 1) the 2018 budget was Trump's and 2) the Tax Cuts and Jobs Act was passed with GOP votes only. That would mean... NOT Democrats.
What Biden did was move those sales up when Russia invaded Ukraine and gas prices spiked to over $5/gal. So your stupid *** wants to blame Biden for high gas prices and then turn around and blame him for selling oil from the reserve to bring those prices down... sales that had ALREADY been mandated by Trump and a GOP congress.
Idiot
I didn’t blame him for it. I just pointed out the obvious that he used the strategic petroleum reserve to lower inflation just before the election.
They let inflation, run, hot the whole administration, and thought that they could fool voters into thinking they were bringing inflation, lower. They weren’t working to bring inflation down. They were just using the strategic petroleum reserve to manipulate the market.
The voters saw right through it and elected Trump. The economy and inflation was absolutely the number one issue last election and Democrats lost resoundingly.
Incorrect definitions. Stagflation is when the economy is stagnant (no or very low growth) but inflation is high. What you are talking about
is called shrinkflation.