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June PCE Report: PCE Inflation Index Up 2.6%, Stronger Than Expected

Michael Cole said:
Silly response.

Tariffs are a tax that raises the cost of imported goods. This isn't a prediction. Not a theory. Tariffs on steel and aluminum have exactly the same economic effect as raising the price 50%. This is factual. It's well understood that increased costs to producers results in inflation.

I don't care about predictions. Predictions are a red herring. I'm talking about raising production costs, which fuels inflation. Very well understood for centuries.
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Is "well understood" the new "complicated" or "mysterious"?

Libtards are always sad reality doesn't follow their fear mongering.
 
Trumpetman said:
So until Democrats admit inflation was real and happened under Biden, then no one is going to believe them now.
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Inflation happening after the economy was coming out of the deadliest pandemic in over a century, and handled better than any other developed economy in the world? That's OK.

Inflation happening when the economy was already roaring? Not OK.
 
ataraxia said:
Inflation after the economy coming out of the worst pandemic in over a century, and handled better than any other developed economy in the world? That's OK.

Inflation when nothing was happening and the economy was doing fine? Not OK.
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Please enjoy your gaslighting. The American people didn't which is why Joe was tossed by his own party.

But please, keep telling us we all just imagined it all and that the Democrats put Joe out to the glue factory because they love him so much.
 
Trumpetman said:
Is "well understood" the new "complicated" or "mysterious"?
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More silliness. Come back when you want a serious debate.

Trumpetman said:
Libtards are always sad reality doesn't follow their fear mongering.
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Grade school idiocy. You're not cut out for this.

I'm more conservative than you could ever hope to be. Conservatives think. Liberals feel. Your post is indicative of liberal emotion. Not a speck of thought put into your posting. It's a libtard post. Your posts are libtard gaslighting.

Wallow in your silliness if you must.
 
The markets are not impressed. Weak core GDP, weak consumer spending, uptick in inflation. We'll see what the jobs report looks like tomorrow.
 
Trumpetman said:
Please enjoy your gaslighting. The American people didn't which is why Joe was tossed by his own party.
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The American people have proven themselves to be idiots preferring to chase cat eating Haitians, cancer-causing wind turbines, autism-causing vaccines, stolen presidential elections, genocidal S. Africans, and other such weird odds and ends. So it is no longer saying much.
 
Trumpetman said:
Inflation was killing their purchasing power because the rate of inflation was higher than the rate of economic growth. When you see the top of that chart during the Biden years the rate of inflation was 6-7%.

The economy was not growing at 6-7%.
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It was growing faster than 6-7%.

fredgraph.png
 
ataraxia said:
The American people have proven themselves to be idiots preferring to chase cat eating Haitians, cancer-causing wind turbines, autism-causing vaccines, stolen presidential elections, genocidal S. Africans, and other such odds and ends. So it no longer is saying much.
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So everyone else is wrong and you're right.

Maybe, it's actually just you.
 
Greenbeard said:
All those figures are inflation, that’s a graph of the growth of a price index. And inflation is now accelerating again.
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The economy's been pretty interesting to watch over the past few years in the context of politics because it's shortening the view of economic impacts to news cycles. Just the other day there was the report of GDP growth and an increase in consumer sentiment despite the rise of prices in some areas and the cost of living not radically different now that it was last year. The truth is most of these changes are about trends over time, and now that we have some deals in the works with a handful of trading partners featuring tariffs on their goods, we'll get a better view into their actual impact.
 
Trumpetman said:
So everyone else is wrong and you're right.

Maybe, it's actually just you.
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Yeah, wow you're right. Maybe I should get busy and join in you in chasing after those darned cancer causing wind turbines. Maybe we can finally find that secret Kenyan birth certificate together. I hear you're not gonna believe what Trump's top people are finding on it! 🤭 (y)
 
Michael Cole said:
More silliness. Come back when you want a serious debate.


Grade school idiocy. You're not cut out for this.

I'm more conservative than you could ever hope to be. Conservatives think. Liberals feel. Your post is indicative of liberal emotion. Not a speck of thought put into your posting. It's a libtard post. Your posts are libtard gaslighting.

Wallow in your silliness if you must.
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Your lack of sanction amuses me.
 
Trumpetman said:
If the economy grows faster than inflation then prices go down. They don't go down as raw numbers but they do go down with regard to purchasing power.
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Real GDP growth was only negative for one quarter during Biden's time in office, therefore purchasing power increased almost the entire time he was President.
 
ataraxia said:
Yeah, wow you're right. Maybe I should get busy and join in you in chasing after those darned cancer causing wind turbines. Maybe we can finally find that secret Kenyan birth certificate. I hear you're not gonna believe what Trump's top people are finding on it! 🤭 (y)
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The fact you wander off on diversions makes it clear you've lost.

Your concession is noted.
 
Trumpetman said:
The fact you wander off on diversions makes it clear you've lost.

Your concession is noted.
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Why is telling you about the kinds of things that the American people want diverting from your post talking about what the American people want?
 
ataraxia said:
Was Donald Trump wrong?

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Trump is MAGA. He is America First.

Democrats used to put Americans First. Now they put them last.
 
Trumpetman said:
Your lack of sanction amuses me.
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Your nonsense is incredibly boring. Hey, it's your choice to use libtard gaslighting as a tactic. You libs are boring. I prefer thoughtful conservative debate. Conservative. Like in free trade. It's a bedrock of conservatism. You libs think the government should interfere. You libs constantly do this with your gaslighting. You libs. Pathetic.
 
ataraxia said:
When do you think that started happening?
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I mean Trump left NY. Trump cites Clinton specifically who was more of a blue dog.

NAFTA and free trade with Perot were concerns all around the same time. If I recall correctly Trump even ran once under the Perot party ticket did he not.

en.wikipedia.org

Donald Trump 2000 presidential campaign - Wikipedia

en.wikipedia.org en.wikipedia.org

Yes my memory served me correctly. I'd say Trump is a combination of Democrats, Republicans and the Reform elements that always had concerns with free trade, NAFTA and more.
 
ElChupacabra said:
The economy's been pretty interesting to watch over the past few years in the context of politics because it's shortening the view of economic impacts to news cycles. Just the other day there was the report of GDP growth and an increase in consumer sentiment despite the rise of prices in some areas and the cost of living not radically different now that it was last year. The truth is most of these changes are about trends over time, and now that we have some deals in the works with a handful of trading partners featuring tariffs on their goods, we'll get a better view into their actual impact.
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Up until now it's pretty much been the 10% tariffs. August inflation numbers should see the start of the hit from the largest tariffs on the largest trading partners as companies start to pass on the costs. We have already seen substantial hits to corporate bottom lines.
 
Trumpetman said:
From your link....

View attachment 67582457

The people who told you all the figures in yellow box were not inflation and that was just a right wing conspiracy talking point are now telling you that the figures in the red box are rising inflation and a concern.

This is why libtards are not credible. It is why all of their concerns are not legitimate. They are not concerns but concern trolling and they are only doing it for political gain.

Until they admit their gaslighting, then anything in the present is to be treated as a present lie as proven by past lies.
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The problem is that Inflation is not going towards the target rate, but rather under Trump has reversed its downward trajectory to now be going back up.

Besides having to pay more for goods & services, we will not be able to avail ourselves to lower interest rate - so we pay more there too.

This is the opposite of what Trump promised.

And with the TACO era seemingly coming to an end, the real tariffs are just beginning before we've even seen the full effect of the TACO era stuff.
 
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