But as long as people feel good is all that matters
- Thread starter NYShoreGuy
- Start date
The dirty little secret is Trump can't do anything about the aggregate inflation/price increases (absent a deflationary recession) that have brought prices to where they are today. He can only have an effect on the year-over-year inflationary rate (which right now is under 2% if you follow the real time data).
The cake was baked under Biden, and that will forever be his legacy.
The cake was baked under Biden, and that will forever be his legacy.
Keep living in that dream world where real inflation is under 2%. Must be the same world where gas just hit $1.78 a gallon and eggs are down 92%.
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Must be accurate if Truflation says it. 🙄
Credibility problems: The Fed isn’t convincing and Truflation isn’t true
Today we got the US inflation (CPI) data for January. Both headline inflation and core inflation (excluding food and energy prices) came in higher than expected. Headline inflation was 3.0% year-ov…
marketmonetarist.com
Must be accurate if Truflation says it. 🙄
Credibility problems: The Fed isn’t convincing and Truflation isn’t true
Today we got the US inflation (CPI) data for January. Both headline inflation and core inflation (excluding food and energy prices) came in higher than expected. Headline inflation was 3.0% year-ov…
Citing some random blog called The Market Monetarist? LOL!!! Too funny.
The article wasn’t meant to discuss last months inflation number, more to point out the skepticism that you should have with truflation. Its accuracy and reliability are not proven.
Neither are poll numbers that the original poster brings up. I heard Kamala was winning Iowa based on polls. Who is accurate and reliable?
Why do t we just stick to what the Fed’s numbers are. It just happens to be their job. Powell has been tremendous and I trust his leadership at the Fed.
Trump having another temper tantrum today on the Fed and the markets dive. Does the winning start after he destroys the markets and all our trading partners? And Japan who was supposed to make the first big trade deal with us said its not going to roll over. Just trying to figure out the art of the deal and when the winning starts?
if you look at inflation rate one might say it was baked under donald trump 45
The Fed's numbers are 4-6 weeks behind (but also trending towards lower inflation). Truflation is real time data.
Inflation was 2.1% in 2017, 1.9% in 2018, 2.3% in 2019, and 1.4% in 2020. Four year average of 1.9% in a mostly expanding economy.
Please stop with the fake narratives just because you can't refute a fact and you hate the guy currently in the office.
Historical U.S. Inflation Rate by Year: 1929 to 2025
By looking at the inflation rate each year, you can gain insight into how prices changed and how events around the globe impacted the average U.S. consumer.
I don't mind truflation. I think trying to develop a better data model over an outdated government model is a good pursuit. They haven't really been around long enough to know how good they are and if they are consistent in their modeling.
That said, their aggregate since Trump took office is up by 1.23% in three months. That’s about 5% annualized.
Biden had to deal with COVID and the war in Ukraine which is why inflation was a global issue, and the US came out fairly strong compared to the rest of the world. Now we’re just fighting ourselves.
That said, their aggregate since Trump took office is up by 1.23% in three months. That’s about 5% annualized.
Biden had to deal with COVID and the war in Ukraine which is why inflation was a global issue, and the US came out fairly strong compared to the rest of the world. Now we’re just fighting ourselves.
Yes.
If you just want to blame Biden, that's fine, but if you're interested in having an honest discussion about it, you would acknowledge that any president would have had to deal with the economic impact of the worst pandemic of any of our lifetimes.
I’m not blaming anyone. If I recall Covid happened with Trump in the WH. Same with the vax that Biden and others at all times wholeheartedly supported.
Right. There was an economic collapse in 2020 because of the pandemic. There were supply chain issues and spending that occurred to keep our economy going by Trump and Biden.
The CPI from June 2020 from Dec 2020 was 4.1% and everyone was expecting a recession.
That's the environment the Biden administration inherited. So yes... Biden had to deal with Covid. Just as Trump did.
Got it, thanks. Not sure why Trump doesn’t just follow the recipe for Biden’s success.
On April 30th, we're likely to see the worst quarterly GDP growth rate in years thanks to Trump's trade war and the economic uncertainty that he has created... so yes, it would have been nice to continue riding the economy that was doing ok.
I didn't say don't do anything, I said doing nothing would have been better than what he did.
The trade war is dumb and the related uncertainty of "will he or won't he" back and forth for months is bad for the US.
Not sure you are actually going to see it this quarter. The next quarter is more likely. And the GDP growth under Biden was quite good. Yes I’d love to keep rolling with this numbers. https://tradingeconomics.com/united-states/gdp-growth-annual
lol then the same people can admit that Biden didn’t create as many jobs as people claim, people just went back to work. Everyone wants to have it both ways to suit their views. Trump also had to deal with covid and it s why the employment rate was what is was when he left office, not because of the job he did.
Exactly. It would be disingenuous to give Biden credit for people going back to work which is why that is something I never claimed.
It would be disingenuous to suggest that Trump was to blame for the economy during covid.
It’s also just as disingenuous for anyone to suggest that Biden is to blame for inflation. It’s that part that a few people here seem to have a trouble grasping…
I never said you claimed it. But there are many who claim those things. My issue with Bidens admin was they lied about inflation. Not that it occurred.
is that one of trumps main running points? that he would reduce inflation very bigly?
You weren’t blaming Biden for “causing inflation left and right” a couple weeks ago?
Unforeseen times. Do I think he caused it sure. Things didn’t work out but lied about it. I don’t think he did anything that made you say we all saw this causing it. It’s not like when he opened the border up and everyone could foresee what would happen.
Exactly. That's just as unreasonable of a position to hold as the people giving credit to Biden for creating all of the jobs during the recovery from Covid.
