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U.S. economy grew at a 3% rate in Q2, a better-than-expected pace even as Trump’s tariffs hit

anatta said:
I am in a glut area i guess
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Well, real estate is local - right?

Across my metro area we are having fairly strong rising prices, along with strong demand & low inventory.

Plus there's a freebie - all our houses come with free snow - every year! That must be the reason why! (y)
 
Ikari said:
Well that's your claims.

Trump and Biden pushed out billions in stimulus relief during the pandemic and at the end when we were still having supply chain issues. Those supply chain issues existed for quite some time, as it was a domino effect. I didn't forget empty store shelves, lack of supply was one of the reasons we had price raises and inflation, why the WORLD had price raises and inflation. And that was happening during Trump's final months as well.

Your claim that Biden's stimulus caused inflation where Trump's did not does not hold water. It can't explain why this was a GLOBAL event, not localized to the US. Why, when compared to other countries, our inflation rise wasn't as bad. It doesn't explain how there could be no effect from Trump's stimulus but magically effects from Biden's.

The global inflation crisis that hit after the pandemic was caused by the global supply chain failures that hit everyone for sustained months on end. This event caused global inflation, not some stimulus check.

I understand what you're saying, it's just all bunk. Just made up partisan propaganda engineered to attack one side only so you can try to lay blame while excusing your side from any fault.
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The economy was shut down when he Trump stimulus checks went out. The economy was on a roll when Biden's stimulus checks went out.

Can't you see the difference?
 
Jredbaron96 said:
China, which went from 125% to 10%. Basically all of America's major trading partners had their tariff rates cut or with major exceptions carved out.
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Yes, Trump set abnorminally high tariff rates on most countries which forced them to the negotiating table.

Smarmy liberals call it TACO.

Others call it smart negotiating.
 
dobieg said:
Trump has followed thru on his tariff threats although not as severe as he proposed.
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Kind of, sort of, not really.

dobieg said:
You know,...negotiating.
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I don't know wtf he's doing, but it's not negotiating.

dobieg said:
I would think if markets believed everything liberals say about how catastrophic tariffs are we'd be at least 20%.
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The markets crashed after Liberation Day.

The markets recovered because investors figured out Trump is a lying sack of shit who lies constantly about everything.
 
dobieg said:
The economy was shut down when he Trump stimulus checks went out. The economy was on a roll when Biden's stimulus checks went out.

Can't you see the difference?
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The economy was not "on a roll" when the checks went out. The economy was coming back, and we were still under supply chain failures.

Can't you see that?

How did Biden's stimulus cause a global inflation event?
 
dobieg said:
Yes, Trump set abnorminally high tariff rates on most countries which forced them to the negotiating table.

Smarmy liberals call it TACO.

Others call it smart negotiating.
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Those negotiations, like the one with the EU, ended with a tax increase on Americans in the form of tariffs on imported goods.

How is making Americans spend more a good outcome?
 
Jredbaron96 said:
Those negotiations, like the one with the EU, ended with a tax increase on Americans in the form of tariffs on imported goods.

How is making Americans spend more a good outcome?
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I cannot for the life of me understand why any American is defending these tariffs. I've never seen Republicans so pleased with a tax increase! I think they are taking some unreasonable and emotional pleasure in thinking they are sticking something to other countries when in fact they are hurting themselves and American Companies. It's quite bizarre but it is indicative of how effective the brain washing from the right is.
 
Airyaman said:
Trump's tariffs cloud the first 2qs. Pay attention to consumer behavior

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We also must remember there's been an artificial rush to spending, in advance of the tariffs. We saw this with wholesaler orders in APR & MAY, along with retail vehicle purchases during the same period of time. Now, we've just recently saw it with the earliest back-to-school retail surge on record.

Of course those surges unwind, and will be cumulative with whatever conventual tariff slowdown occurs.
 
Callen said:
I cannot for the life of me understand why any American is defending these tariffs. I've never seen Republicans so pleased with a tax increase!
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You would have to understand American tax laws. For many decades Americans have lowered taxes across the board. Rates are at historic lows, as well as far, far lower than most developed countries.

This has led to increasing problems of lowered social services, massive debt and massive wealth inequality.

Raising taxes is one of the first steps to rectifying this problem.
 
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Callen said:
I cannot for the life of me understand why any American is defending these tariffs.
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My honest answer to your question would result in me being banned from this forum.
 
dobieg said:
Is there any country who doesn't have significantly higher tariffs today?
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It's super hard to keep track with all the lying Trump does. Trump lies constantly about everything, and his word cannot be trusted.
 
Jredbaron96 said:
This is pretty clearly the result on the impact of tariffs, which led to a drastic reduction in imports.
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Indeed. But the reduction is only compared to recent history and the spike in Q1 imports, which contributed to the contraction. Year over year imports are up though.
 
W_Heisenberg said:
Kind of, sort of, not really.



I don't know wtf he's doing, but it's not negotiating.



The markets crashed after Liberation Day.

The markets recovered because investors figured out Trump is a lying sack of shit who lies constantly about everything.
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What I don't understand us why Trump does these "negotiations" through public media, shocking our markets and business infrastructure?

These type of negotiation were typically done behind closed doors, so as to not cause shock or alarm. If Trump threatens a 145% tariff as a "negotiating technique", let him do it behind closed doors - then make the public announcement when a "deal" has been inked.

I'm at a loss, with what he's trying to do?
 
Chomsky said:
If I had to guess, I'd say they are just beginning to be felt. The very tip of the iceberg.
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When Biden doubled tariffs in his term, it seemed to take awhile for the effects to be felt.

I wish I had data to back up my post.
 
dobieg said:
Liberal revisionist history.

Prices rose drastically here in the US because Biden decided to flood consumers with another round of stimulus checks even though we were basically back to full employment and while we were in the midst of severe supply chain constraints and ports backed up miles.


Too many dollars chasing too few goods.
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Well they got what the perceived as "free money". It didn't occur to them that they were getting $2000 or whatever in exchange for thousands more in costs of living down the road.
 
dobieg said:
Chomsky, I'd like to politely refrain from responding.

You've made it clear you don't care for me and I'd rather engage with people who are upfront rather than sneak away and say things behind a person's back.

Hope you understand.
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Alright, fair enough.
 
Chomsky said:
I'm at a loss, with what he's trying to do?
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Answer this, and you will understand much of the current world.

Ask yourself, also, why these negotiations were kept secret previously? What would someone gain from moving things once kept secret into the open?

And then realize that Trump is a television personality stuck in the 1980s, and you might get some insight into his decision process. (If one can call it that.)

Balancing these understandings is difficult, but it explains why some people say Trump's tariffs are bad, but Biden doubled them and people liked them, and despite tariffs being higher than at any point in a century the GDP just had a great quarter.
 
Metric Mouse said:
Answer this, and you will understand much of the current world.

Ask yourself, also, why these negotiations were kept secret previously? What would someone gain from moving things once kept secret into the open?

And then realize that Trump is a television personality stuck in the 1980s, and you might get some insight into his decision process. (If one can call it that.)

Balancing these understandings is difficult, but it explains why some people say Trump's tariffs are bad, but Biden doubled them and people liked them, and despite tariffs being higher than at any point in a century the GDP just had a great quarter.
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You indeed are right. He's doing a Reality Show.
 
dobieg said:
I'm sure you're liquidating your investment accounts as you typed this if not before.
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Stop taking about people's investment accounts... it's weird and cringe.
 
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