Posted on 05/30/2025 7:30:07 PM PDT by SeekAndFind
https://www.dailymail.co.uk/news/article-14766139/jamie-dimon-warning-trade-china-enemy-within.html
unexpected...
So great!
TRUMP WAS RIGHT AGAIN! WHEN WILL THIS WINNING STOP?
It’s simple: Just know that the opposite of what liberals predict, is what will happen.
Things are a’popping here. Tourists all over the place and it’s just beginning.
Economy ping
1) -0.3% GDP is not booming.
2) Yes, that number will elevate in Q2 as the import surge due to tariff anticipation reverses. Today’s PCE was mild because it’s pretty much impossible to surge inflation if you have negative GDP, for any reason.
3) As imports elevate in Q2, they will do so at the tariff price. GDP is real GDP, meaning, inflation adjusted. The surge in inflation on the upcoming imports is going to restrain the reversal of that 0.3%.
Pretty hard to declare this “booming”, and none of that even counts a potential explosion when the debt ceiling doesn’t get raised.
Bfl
Bfl
You are correct. The economy isn’t booming. It is coasting, so the stagflation continues.
I see it as more everything has been disrupted and we don’t yet know where all the dust is going to settle. In fact, we won’t know for likely close to 18 months.
I do consider this more an inflection point where it no longer can be called Biden’s economy. June 2025 is now President Trump’s economy. There may be a few items left to tweek, but it is Trump’s from here on out.
It wasn’t supposed to be this way. The Democrats and their media had their talking points all lined up (and are still bringing up the price of eggs) to complain about inflation under the Trump administration.
However, facts cancel their talking points and the consumer knows they are lying. Not only are gas prices down, but grocery prices (including eggs) are coming down as well.
I’m seeing more and more of those grocery shelf stickers that say “New lower price” on items I commonly buy at the grocery store.
The media keeps telling us that tariffs are going to increase prices (any day now) but I’ve yet to see that happen in my area. Even avocados, another item the left seems deeply concerned about, have not increased in price.
“Despite Tariff-flation Fearmongering, Fed’s Favorite Inflation Indicator Tumbles To Four-Year Low”
It might be bad for those whose paychecks have been funded by deficit government spending, but it seems to be doing fine for the rest of us.
“TRUMP WAS RIGHT AGAIN! WHEN WILL THIS WINNING STOP?”
As soon as Chief Justice Roberts and his merry band of robed tyrants can figure out their legal master plans of interference.
“TRUMP WAS RIGHT AGAIN! WHEN WILL THIS WINNING STOP?”
As soon as Chief Justice Roberts and his merry band of robed tyrants can figure out their legal master plans of interference.
“No! No! Things are terrible, I say! Now you just stop saying those things!!” - Jessica Tarlov & co.
There will be additional data available come June 11, 2025 for the Consumer Price Index:
Next Release
May 2025 CPI data are scheduled to be released on June 11, 2025, at 8:30 A.M. Eastern Time.
I’m going to remain calm and keep living below my means, as always. ;)
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