Coming trade deals or massive inflation?

[illisdean]

2 hours ago, spidermike007 said:

Delusion is an incredibly powerful thing, keep drinking the Kool-Aid.

keep hating.....stay ANGRY...only 1,303 more days of MAGA WINNING, then in walks JD Vance for another 1,461 days of you hating your existence in MAGA World. How bout that, that taste like good kool-aid?

 

LOL....ha ha ha

 

 

[Lacessit]

1 hour ago, illisdean said:

keep hating.....stay ANGRY...only 1,303 more days of MAGA WINNING, then in walks JD Vance for another 1,461 days of you hating your existence in MAGA World. How bout that, that taste like good kool-aid?

 

LOL....ha ha ha

 

 

You seem to be confusing emotion with reality.

 

Fact: Tariffs are inflationary. Ask any economist.

 

Fact. China is the big winner. BRICS GDP is larger than the G7.

 

Fact: China holds all the cards with rare earths, essential for America's military.

[illisdean]

1 hour ago, Lacessit said:

You seem to be confusing emotion with reality.

 

Fact: Tariffs are inflationary. Ask any economist.

 

Fact. China is the big winner. BRICS GDP is larger than the G7.

 

Fact: China holds all the cards with rare earths, essential for America's military.

Another fact, nobody cares about your feeble deflection complete with your bidenese mumbling.

[illisdean]

No, prices are dropping, it's the Trump EFFECT  and WINNING strategies and policies. Promises Made Promises Kept.

How about that, Trumps got it going big time, making Biden look more like the useless America hating failure he truly is. Tariffs can put upward pressure on prices of some goods and services but generally do not cause inflation like Biden created with reckless out of control gov't spending.

 

 

[illisdean]

10 hours ago, Lacessit said:

Fact: Tariffs are inflationary. Ask any economist.

Check carefully with Milton F, University of Chicago, he'll set you straight and school you on some important $hit you KNOW NOT what you are talking about. lol

 

Here's a link, shut up and read it.

 

https://miltonfriedman.hoover.org/internal/media/dispatcher/271092/full

[candide]

50 minutes ago, illisdean said:

No, prices are dropping, it's the Trump EFFECT  and WINNING strategies and policies. Promises Made Promises Kept.

How about that, Trumps got it going big time, making Biden look more like the useless America hating failure he truly is. Tariffs can put upward pressure on prices of some goods and services but generally do not cause inflation like Biden created with reckless out of control gov't spending.

 

 

Energy prices down have nothing to do with Trump, and all to do with SA and OPEC deciding last year to increase production! 🤣

 

Meanwhile....more winning! 🤣

 

US economy shrank faster than expected, new data shows

GDP contracted by 0.5 percent on an annualized basis, 0.3 percentage points lower than the last measurement from the Commerce Department.

Economists were expecting the number to stay the same at a 0.2 percent contraction.

Thursday’s downward revision reflected lower consumer spending, mostly in recreation and transportation.

 

The Federal Reserve, along with other forecasters, has reduced its U.S. growth outlook for this year. The June projection was for growth of 1.4 percent for 2025, down from a 1.7 percent forecast made in March. The World Bank is also predicting 1.4 percent growth for the U.S. this year.

 

https://thehill.com/business/5371005-us-gdp-revised-lower-consumer-spending/

 

 

 

 

[stevenl]

Back to tariffs, breakdown in negotiations with Canada. Trump is not happy Canada is demanding internet companies paying their taxes where their profit comes from. EU has plans akin to Canada. Goes for all companies, but of course the US companies like Alphabet, Meta and Amazon are by far the biggest players.

[spidermike007]

8 hours ago, candide said:

Energy prices down have nothing to do with Trump, and all to do with SA and OPEC deciding last year to increase production! 🤣

 

Meanwhile....more winning! 🤣

 

US economy shrank faster than expected, new data shows

GDP contracted by 0.5 percent on an annualized basis, 0.3 percentage points lower than the last measurement from the Commerce Department.

Economists were expecting the number to stay the same at a 0.2 percent contraction.

Thursday’s downward revision reflected lower consumer spending, mostly in recreation and transportation.

 

The Federal Reserve, along with other forecasters, has reduced its U.S. growth outlook for this year. The June projection was for growth of 1.4 percent for 2025, down from a 1.7 percent forecast made in March. The World Bank is also predicting 1.4 percent growth for the U.S. this year.

 

https://thehill.com/business/5371005-us-gdp-revised-lower-consumer-spending/

 

 

 

 

Thank you, always refreshing to hear a voice of reason in the wilderness of delusion and massive Kool-Aid consumption. The cost of living is not dropping in the US, prices continue to skyrocket, the quality of life continues to decline, the demand for the dollar is dropping and the economy will likely shrink under Trump's ridiculous trade policies, despite @illisdean and others engaging in a desperate level of denial. Truth does not seem to matter, to that camp. 

[illisdean]

Inflation you say.... for those of you obsessed with inflation  google "Biden inflation" for the goods on the retarded Bidens "Inflation Reduction CREATION Act" and go from there. You will be astonished AND schooled again.

 

Otherwise, take a further look here...below... and drink in all the Trump MAGA WINNING kool-aid. All you democrat loser goat pee drinkers,,,,enjoy your drink of choice.

 

 

[Mike_Hunt]

2 hours ago, spidermike007 said:

Thank you, always refreshing to hear a voice of reason in the wilderness of delusion and massive Kool-Aid consumption. The cost of living is not dropping in the US, prices continue to skyrocket, the quality of life continues to decline, the demand for the dollar is dropping and the economy will likely shrink under Trump's ridiculous trade policies, despite @illisdean and others engaging in a desperate level of denial. Truth does not seem to matter, to that camp. 

Let’s see you post data to back up your statement that prices continue to skyrocket.  

[candide]

1 hour ago, illisdean said:

Inflation you say.... for those of you obsessed with inflation  google "Biden inflation" for the goods on the retarded Bidens "Inflation Reduction CREATION Act" and go from there. You will be astonished AND schooled again.

 

Otherwise, take a further look here...below... and drink in all the Trump MAGA WINNING kool-aid. All you democrat loser goat pee drinkers,,,,enjoy your drink of choice.

 

 

More ridiculous B.S. from you. After the act was implemented, inflation decreased. 

[Mike_Hunt]

12 hours ago, candide said:

Energy prices down have nothing to do with Trump, and all to do with SA and OPEC deciding last year to increase production! 🤣

 

Meanwhile....more winning! 🤣

 

US economy shrank faster than expected, new data shows

GDP contracted by 0.5 percent on an annualized basis, 0.3 percentage points lower than the last measurement from the Commerce Department.

Economists were expecting the number to stay the same at a 0.2 percent contraction.

Thursday’s downward revision reflected lower consumer spending, mostly in recreation and transportation.

 

The Federal Reserve, along with other forecasters, has reduced its U.S. growth outlook for this year. The June projection was for growth of 1.4 percent for 2025, down from a 1.7 percent forecast made in March. The World Bank is also predicting 1.4 percent growth for the U.S. this year.

 

https://thehill.com/business/5371005-us-gdp-revised-lower-consumer-spending/

 

 

 

 

 

[Mike_Hunt]

1 hour ago, illisdean said:

Inflation you say.... for those of you obsessed with inflation  google "Biden inflation" for the goods on the retarded Bidens "Inflation Reduction CREATION Act" and go from there. You will be astonished AND schooled again.

 

Otherwise, take a further look here...below... and drink in all the Trump MAGA WINNING kool-aid. All you democrat loser goat pee drinkers,,,,enjoy your drink of choice.

 

 

The lefties must miss the low inflation during the Biden administration.

[illisdean]

14 minutes ago, candide said:

More ridiculous B.S. from you. After the act was implemented, inflation decreased. 

It did but not because of the IRA, but show some proof. Even retard Biden admitted it was "not about inflation" Carry on gaslighting, lying, all your trademark and hallmarks when YOU GOT NOTHING.

 

"The CBO and Penn Wharton Budget Model found no significant short-term inflation reduction, as most savings (e.g., drug caps, energy credits) phase in post-2025. Biden himself admitted the IRA has “less to do with inflation” than climate and jobs, reflecting a branding misstep..."

 

https://www.npr.org/2022/08/11/1116229743/inflation-reduction-act-questions-answered

 

https://www.pbs.org/newshour/economy/inflation-is-down-but-the-inflation-reduction-act-likely-doesnt-deserve-the-credit

 

 

 

[Mike_Hunt]

19 minutes ago, candide said:

More ridiculous B.S. from you. After the act was implemented, inflation decreased. 

That act had nothing to with inflation.

 

https://apnews.com/article/fact-check-inflation-reduction-act-impact-one-year-950550722320

 

CLAIM: The Inflation Reduction Act is responsible for the drop in the inflation rate observed in the year following its passage.

AP’S ASSESSMENT: Missing context. While the inflation rate is indeed down from its peak, economists say the law can take little credit, and many provisions are just now starting to be implemented.

[illisdean]

27 minutes ago, candide said:

More ridiculous B.S. from you. After the act was implemented, inflation decreased. 

Nothing to do with the IRA mr. gaslighter and resident B.S. aficionado

 

"The IRA’s name was a political tactic by Senators Manchin and Schumer to address 2022’s 8.2% inflation, but its focus on climate and healthcare diluted its anti-inflation narrative."

 

 

https://archive.ph/vcqJ2

[candide]

29 minutes ago, Mike_Hunt said:

 

The GDP Now model is not reliable. For ex it forecasted -2.8% for Q1 2025! 

 

On April 1! 

 

Atlanta Fed’s GDP Growth Predictor Says Q1 Rate Was -2.8%

 

https://www.forbes.com/sites/eriksherman/2025/04/01/atlanta-feds-gdp-growth-predictor-says-q1-rate-was28/

[candide]

14 minutes ago, illisdean said:

Nothing to do with the IRA mr. gaslighter and resident B.S. aficionado

 

"The IRA’s name was a political tactic by Senators Manchin and Schumer to address 2022’s 8.2% inflation, but its focus on climate and healthcare diluted its anti-inflation narrative."

 

 

https://archive.ph/vcqJ2

So it was implemented after the peak. How could it be responsible for inflation increase as it was claimed, Mr. gaslighter and B.S. aficionado! 

[Mike_Hunt]

30 minutes ago, candide said:

So it was implemented after the peak. How could it be responsible for inflation increase as it was claimed, Mr. gaslighter and B.S. aficionado! 

According to The Economist, Biden’s policies added 4 percentage points to the peak inflation rate.

[Mike_Hunt]

34 minutes ago, candide said:

The GDP Now model is not reliable. For ex it forecasted -2.8% for Q1 2025! 

 

On April 1! 

 

Atlanta Fed’s GDP Growth Predictor Says Q1 Rate Was -2.8%

 

https://www.forbes.com/sites/eriksherman/2025/04/01/atlanta-feds-gdp-growth-predictor-says-q1-rate-was28/

And Q2 is looking good.

[candide]

42 minutes ago, Mike_Hunt said:

That act had nothing to with inflation.

 

https://apnews.com/article/fact-check-inflation-reduction-act-impact-one-year-950550722320

 

CLAIM: The Inflation Reduction Act is responsible for the drop in the inflation rate observed in the year following its passage.

AP’S ASSESSMENT: Missing context. While the inflation rate is indeed down from its peak, economists say the law can take little credit, and many provisions are just now starting to be implemented.

 

 

46 minutes ago, illisdean said:

It did but not because of the IRA, but show some proof. Even retard Biden admitted it was "not about inflation" Carry on gaslighting, lying, all your trademark and hallmarks when YOU GOT NOTHING.

 

"The CBO and Penn Wharton Budget Model found no significant short-term inflation reduction, as most savings (e.g., drug caps, energy credits) phase in post-2025. Biden himself admitted the IRA has “less to do with inflation” than climate and jobs, reflecting a branding misstep..."

 

https://www.npr.org/2022/08/11/1116229743/inflation-reduction-act-questions-answered

 

https://www.pbs.org/newshour/economy/inflation-is-down-but-the-inflation-reduction-act-likely-doesnt-deserve-the-credit

 

 

 

@illisdean

You claimed that the act was an "inflation creating act."

That was another of your usual ridiculous claim. Fact is that inflation did  not increase after the act was implemented, it decreased.

I have proven you wrong again! 

[candide]

6 minutes ago, Mike_Hunt said:

According to The Economist, Biden’s policies added 4 percentage points to the peak inflation rate.

Stop replying to what I did not claim.

My claim was that the act could not be an inflation creating act. And I have proven it. Chronologically, it couldn't. 

[candide]

12 minutes ago, Mike_Hunt said:

And Q2 is looking good.

My point is that the GDP Now model is not reliable, as its forecast for Q1 (-2.8%) was completely wrong (it's -0.5%). And it was not the first time it was wrong.

 

And more sources confirm that GDP growth expected to be around 1.4% / 1.6% for the full year.

Around half of average growth under Biden! 

 

One more forecast at 1.4%

https://www.deloitte.com/us/en/insights/topics/economy/us-economic-forecast/united-states-outlook-analysis.html

[Mike_Hunt]

12 minutes ago, candide said:

My point is that the GDP Now model is not reliable, as its forecast for Q1 (-2.8%) was completely wrong (it's -0.5%). And it was not the first time it was wrong.

 

And more sources confirm that GDP growth expected to be around 1.4% / 1.6% for the full year.

Around half of average growth under Biden! 

 

One more forecast at 1.4%

https://www.deloitte.com/us/en/insights/topics/economy/us-economic-forecast/united-states-outlook-analysis.html

GDP now has a pretty good track record.

[Mike_Hunt]

15 minutes ago, candide said:

Stop replying to what I did not claim.

My claim was that the act could not be an inflation creating act. And I have proven it. Chronologically, it couldn't. 

Why not?

[illisdean]

2 hours ago, candide said:

 

 

@illisdean

You claimed that the act was an "inflation creating act."

That was another of your usual ridiculous claim. Fact is that inflation did  not increase after the act was implemented, it decreased.

I have proven you wrong again! 

you have proven again just how retarded you are besides being the malignant troll, gaslighter and general BS artist with some truly astonishing muppet blue-boy characteristics. You can take the win you so desire and yearn, and for which you deserve, for being the resident moron with no facts or evidence proving otherwise.

[DezLez]

4 minutes ago, illisdean said:

you have proven again just how retarded you are besides being the malignant troll, gaslighter and general BS artist with some truly astonishing muppet blue-boy characteristics. You can take the win you so desire and yearn, and for which you deserve, for being the resident moron with no facts or evidence proving otherwise.

Is that your longwinded and insulting way of apologising and saying that @candide is correct?

[xylophone]

On 6/21/2025 at 11:45 AM, spidermike007 said:

I would like to know what tariffs you're referring to, there has only been one deal out of over 100, and one with just a basic framework of a deal with China, so which ones are you referring to? 

Apparently he signed a deal with the Penguins on the uninhabited Heard and McDonald islands near Antarctica, along with other remote external Australian territories. A bigly win for the MAGAs!!

[illisdean]

25 minutes ago, DezLez said:

Is that your longwinded and insulting way of apologising and saying that @candide is correct?

no, not at all, just showing that he and probably yourself included are so distorted with trump hatred AND democrat moron inducing mind rot that you both believe your own flipping lies leading to the obvious conclusion you are both deluded and quite frankly dumb as the day is long and totally hopeless. That clear enough for you to comprehend and get the hint that your troll tactic is just that and nothing more and just normal for all you democrat losers.

[DezLez]

Just now, illisdean said:

no, not at all, just showing that he and probably yourself included are so distorted with trump hatred AND democrat moron inducing mind rot that you both believe your own flipping lies leading to the obvious conclusion you are both deluded and quite frankly dumb as the day is long and totally hopeless. That clear enough for you to comprehend and get the hint that your troll tactic is just that and nothing more and just normal for all you democrat losers.

How less eloquent do you become when you stop ranting and try to answer a question in less than 6 lines of verbiage?