We are going to have double digit inflation for the first time in nearly 50 years

W

Walt

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This is an easy prediction, we are going to have double digit inflation for the first time in nearly 50 years. It may be in a year, or it may be in three years, all dependent on how fast trump moves.

trump has already planned how to block any fighting this inflation, and he is not known for his ability to work hard and sacrifice, so there is no real way to end this inflation. What Biden made look easy, trump is going to make look impossible.
 
@Walt Is that why the officially reported inflation rate, during the entirety of Trump's first term, hovered right around 2%? Wage increases were HIGHER than that during his term, so people were actually GAINING during his term.

During Obama's third term, people were LOSING... The very high single digit officially reported inflation rates alone were higher than the wage increases that people were getting, let alone the "inflation rate" that people are actually experiencing in the real world.
 
Walt said:
This is an easy prediction, we are going to have double digit inflation for the first time in nearly 50 years. It may be in a year, or it may be in three years, all dependent on how fast trump moves.

trump has already planned how to block any fighting this inflation, and he is not known for his ability to work hard and sacrifice, so there is no real way to end this inflation. What Biden made look easy, trump is going to make look impossible.
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Inflation is defined as general increase in nominal prices due to expansion of the currency supply.

It is caused by one thing alone and that thing is not tariffs.
 
TOP said:
We're not...
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How will Trump avoid it with the promised across-the-board tariffs of up to 60-100% on all imported goods?

Genuinely curious how he's going to keep prices down.

This will be interesting. I am guessing it will be another Mexican-paid-for wall but I'm also hopeful Trump is able to deliver SOMETHING to his followers in recompense for gifting him the Oval a second time.
 
ADreamOfLiberty said:
Inflation is defined as general increase in nominal prices due to expansion of the currency supply.

It is caused by one thing alone and that thing is not tariffs.
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BUT, how will Trump bring the prices of goods DOWN. The inflation rate is currently running at about the same level as when Trump was in office last time. It isn't bad at all.

What the real problem is that the prices are still high.

How ill the tariffs lower the prices?
 
Daylight63 said:
How will Trump avoid it with the promised across-the-board tariffs of up to 60-100% on all imported goods?

Genuinely curious how he's going to keep prices down.

This will be interesting. I am guessing it will be another Mexican-paid-for wall but I'm also hopeful Trump is able to deliver SOMETHING to his followers in recompense for gifting him the Oval a second time.
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What purchases are you concerned about most?
 
Daylight63 said:
Given that a huge amount of materials we use in the US are imported and Trump has promised an across-the-board tariff of up to 60-100% it would pretty much be everything.

Who pays the tariffs? Do you have any guesses?
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My question was what purchases are you mostly concerned about?
 
Daylight63 said:
BUT, how will Trump bring the prices of goods DOWN. The inflation rate is currently running at about the same level as when Trump was in office last time. It isn't bad at all.

What the real problem is that the prices are still high.

How ill the tariffs lower the prices?
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They won't. I never said they would.

I said they won't cause inflation.

The fed causes inflation and the fed prints money:
A.) When the government sends the smoke signals that they want credit availability for their cronies in corporate America.
B.) When the government needs to spend money it hasn't directly stolen via taxation. i.e. indirect theft via inflation through the mechanism of bonds bought by the fed or proxies.

The only way to reverse inflation is to reduce the ratio of currency to economic activity. So wait a hundred years for the market to double or start destroying money by paying more bonds than you take out (as the government).

Now Trump could reduce the inflation with the tarrifs if he used the money from the tarrifs to pay the bonds, but I doubt he'll do that.

This has been a sixty year pyramid scheme and those are most painful when they're exposed. Therefore Trump won't pop the zit and neither will anyone else until it's far too late.

Still if Trump can reduce the huge amount of theft from the economy as well as deregulate it will stabilize the situation and put the disaster off a bit longer. Perhaps long enough for the goldfish memory public to say it was a success.
 
Daylight63 said:
And I answered it.

Now how is Trump going to keep prices down?

If you don't want to or can't answer the question just admit you don't know. That's fair. It's anyone's guess. But presumably you voted for the man for this very reason so I'm curious how it's going to work.
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I meant specifically....What are you concerned about having to purchase at a highly inflated price.... I voted for him because I'm concerned about the future for my family, our community and this country... So Kam was not an option...
 
TOP said:
Now I said specifically. What are you concerned about... right now... I voted for him because I'm concerned about the future for my family, our community and this country... So Kam was not an option...
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So you don't understand the topic. I got it.

You felt your family was safer with the guy who admires Hitler at the head of the nation.

You don't seem to be the sharpest tool in the shed.
 
Daylight63 said:
So you don't understand the topic. I got it.

You felt your family was safer with the guy who admires Hitler at the head of the nation.

You don't seem to be the sharpest tool in the shed.
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I understand...you obviously do not... I understand you're still very upset... Democrats should have picked a much much much much better candidate...
 
ADreamOfLiberty said:
Inflation is defined as general increase in nominal prices due to expansion of the currency supply.

It is caused by one thing alone and that thing is not tariffs.
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right.

these Keynesian fasciss are always trying to erase their own existence, but they can't; so they plague us with their insufferable ongoing word games.
 
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