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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zubs said:
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.
Click to expand...

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

www.dailymail.co.uk

Wall Street stunned as inflation defies odds on tariffs

For months, analysts have warned about major price spikes. They haven't happened yet.
www.dailymail.co.uk www.dailymail.co.uk
IMG_6610.png
 
morekaos said:
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

www.dailymail.co.uk

Wall Street stunned as inflation defies odds on tariffs

For months, analysts have warned about major price spikes. They haven't happened yet.
www.dailymail.co.uk www.dailymail.co.uk
View attachment 10531
Click to expand...
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🤷🏽‍♂️
rumble.com

CNN Reports Inflation Numbers Look Amazing for Things People Actually Care About

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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.
www.breitbart.com

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

Inflation held steady in July, with the Federal Reserve's preferred price gauge showing a slight deceleration in cost pressures and defying predictions from Fed Chairman Jerome Powell that tariffs would push up consumer prices. | Economy
www.breitbart.com www.breitbart.com
 
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.
 
zubs said:
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.
Click to expand...
Food and energy typically get excluded from the numbers due to volatility.
 
Unlike some people... I can be objective.

People are complaining about high gas prices and high grocery prices and high X prices and want to blame Trump but they have been that way since Covid. Using the guise of "supply chain" (which was partly true), prices slowly rose and then jumped once places starting opening up. Food companies noticed people still paying the higher prices so they kept them at a spot where people tolerate it. And it's not just the chain/corp places, even mom/pop independent places jumped on the increase wave.

And like home prices... once they are up, that's the new baseline.

And as LL alluded to, it can't just be tariffs because non-tariffed stuff is more expensive (they use some type of associative excuse to explain the rise).

So not sure who owns this economy now. :)
 
irvinehomeowner said:
Unlike some people... I can be objective.

People are complaining about high gas prices and high grocery prices and high X prices and want to blame Trump but they have been that way since Covid. Using the guise of "supply chain" (which was partly true), prices slowly rose and then jumped once places starting opening up. Food companies noticed people still paying the higher prices so they kept them at a spot where people tolerate it. And it's not just the chain/corp places, even mom/pop independent places jumped on the increase wave.

And like home prices... once they are up, that's the new baseline.

And as LL alluded to, it can't just be tariffs because non-tariffed stuff is more expensive (they use some type of associative excuse to explain the rise).

So not sure who owns this economy now. :)
Click to expand...
Keep in mind, even mom/pop places have suppliers that are large national corporations. The small business owners really have no ability to fight these market forces.

The person that owns this economy is Jerome Powell and the other deciders at the Fed. They flooded the economy with money during COVID, and were completely blindsided by inflation because they thought we were in a new paradigm of ultra low inflation for all time. They never thought the inflation of the 1970's could happen again because of the globalization of the past 30 years.

Remember, the talk off "transitory inflation" from Powell and Yellen? They were 100% wrong, but they let inflation get out of control before admitting their mistake and by then it was too late. This is the problem when you have people with net worths of $20-$100 million making choices about the economy. They are completely out of touch with how their choices cause pain for the average person.

Powell's net worth is $30M and Yellen's is close to that, and they got dramatically richer along with the rest of the asset ownership class thanks to the flood of cheap money from that era, while inflation hit the poorest people the hardest as they could least afford it. Higher grocery prices aren't really a problem for the Powell's and Yellen's of the world.
 
Oh Trump will own it proudly…unlike before when inflation was “transitory” as Oil prices moderate and stabilize (probably around my $60 /BBL sweet spot…its currently trading around $90) inflation will again return to its 2-3% level….not the 9% seen under Brandon. Success in Iran (what we all should be rooting for) will end well for the economy and inflation as a whole. Perspective is important when looking down the road…😂😂😂👍🏽🇺🇸

The War Is Going Better Than You Think​

Most Americans probably don’t look back at March 2012 — if they remember it at all — and think of terrifyingly high gas prices. In the month when “The Hunger Games” ruled the box office and President Barack Obama was on his way to a comfortable re-election, the price of Brent crude closed the month around $123 a barrel. That would be about $175 a barrel in today’s dollars.

As of Tuesday, despite Iran’s effective closure of the Strait of Hormuz and its attacks on its neighbors’ energy facilities, it’s hovering around $100, slightly higher than the average inflation-adjusted price since January 2001, roughly $95.

That ought to provide some perspective on the panic over the war in the Middle East. To hear the critics’ version of events, an unprovoked and unnecessary attack on Iran, launched at Israel’s behest, is already a foreign-policy fiasco that has put the global economy at risk without any clear objective or endgame. As Senator Chris Murphy, a Connecticut Democrat, told NBC’s Kristen Welker over the weekend, “We’ve never seen this level of incompetence in war-making in this country’s history.”

Opinion | The War Is Going Better Than You Think - The New York Times
 
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