INFLATION IS OUR FRIEND

NEW -> Contingent Buyer Assistance Program
Jerome Powell knows inflation is going up currently, so he didn't reduce interest rates.
The USD can buy 10% less than 4 months ago as it has depreciated.
It compounds the tariff problem by 10% as foreign parts are 10% more expensive.

JP recently said he would not lower rates and we saw the USD appreciate last week.

The part I mention above goes to a US factory. They will run out in a few months....but this part needs 6 months to mfg and oceanship to reach their east coast warehouse (Houthis causing an extra 2.5 weeks of shipping problems as ASIA to NY goes through the suez canal). Customer is dragging their feet.
 
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A steel part I quoted in APR @ $475/1,000 pcs, I re-quoted in JUL @ $619/1,000 pcs.
I wonder if that will be inflationary.

Customer just approved my trump price increase. I guess they couldn't find an alternative....yet?
However, I learned the guy I use to talk to got laid off @ that company....
another round of layoffs...2nd one this year.
 
Wanna know why?….😂😂😂👍🏽🇺🇸

Wall Street stunned as inflation defies odds on tariffs​

For months, economists have sounded the alarm about runaway prices. The big spike still hasn't shown up.

Inflation held steady at 2.7 percent in July, the Bureau of Labor Statistics reported, just shy of the 2.8 percent bump Wall Street expected. It's the same reading as June

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Wanna know why?….😂😂😂👍🏽🇺🇸

Wall Street stunned as inflation defies odds on tariffs​

For months, economists have sounded the alarm about runaway prices. The big spike still hasn't shown up.

Inflation held steady at 2.7 percent in July, the Bureau of Labor Statistics reported, just shy of the 2.8 percent bump Wall Street expected. It's the same reading as June

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It will take awhile for people to burn through savings and retirement accounts.
 
Not at all…just call balls and strikes. The vast majority live paycheck to paycheck. Nothing to burn through for a delayed reaction🤷🏽‍♂️
 
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As usual, Fed Chair Powell is embarrassingly wrong about inflation. If tariff's are causing inflation, then the prices of goods should be skyrocketing. Instead, the prices of goods are falling. Meanwhile, the prices of services actually are skyrocketing but they are not imported and therefore, not subject to tariffs.

Tarifflation Narrative Fail: Goods Prices Fall, Inflation Muted, Even as U.S. Collects Record Tariff Revenue

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The relatively benign inflation reading offered reassurance to policymakers that price pressures remain manageable, even as services continued to be the primary driver of increases. Services prices climbed 3.6 percent from a year earlier, while goods prices increased 0.5 percent over the same period.

The monthly breakdown showed goods prices fell 0.1 percent in July, with energy costs dropping 1.1 percent and durable goods declining 0.1 percent. Over the past year, energy prices have fallen 2.7 percent while durable goods prices rose a modest 1.1 percent, and nondurable goods prices increased just 0.2 percent annually.
 
My trump price increase won't hit my customer until OCT as we worked out a deal.

I'm not sure how you can say inflation is not bad. I can see prices all vastly more expensive then last year.
Costco Choice ribeye went from $13.99 to $16.99.
However, I think GAS hasn't really moved and may have come down a little.
 
My trump price increase won't hit my customer until OCT as we worked out a deal.

I'm not sure how you can say inflation is not bad. I can see prices all vastly more expensive then last year.
Costco Choice ribeye went from $13.99 to $16.99.
However, I think GAS hasn't really moved and may have come down a little.
Food and energy typically get excluded from the numbers due to volatility.
 
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