Comment by notTooFarGone 4 days ago
Dollar is losing value by the day, gold and silver on record high and somehow this is not an indicator for huge uncertainty?
China is beating the US on pretty much every stage and this only accelerates this.
I keep seeing this “marginally higher” statement about prices, usually as part of a “things are actually fine” argument, but everything in my life has increased in cost in a way I just don’t understand. Is it that these are counterbalanced in some way making it not macroeconomically relevant?
> "economists" expected major inflation
Gold front runs monetary policy and "economists" aren't the only ones trading that. Look at the gold chart for the past year. I don't think it's really disputed that high inflation is on the horizon due to the debt situation (which Trump has made worse with the OBBB)
> there are benefits to the economy as well when the currency is less strong
Care to list those? I can think of a few but it assumes that we're already in the position of being an export based economy which we're not and not tangibly working towards.
> I don't think it's really disputed that high inflation is on the horizon
This is moving the goalpost because you know economists (the critics) forecasted major inflation sooner/now, and it hasn't happened.
> Care to list those? [...] it assumes that we're already in the position of being an export based economy which we're not and not tangibly working towards.
You're not making sense or making coherent thoughts. The US is still the #2 exporting country in the world in absolute terms despite importing a relatively higher amount.
> This is moving the goalpost because you know economists (the critics) forecasted major inflation sooner/now
Yes, because no one expected him to chicken out as hard as he did. It also came out that people in his cabinet (specifically Howard Lutnick) were betting against tariffs while simultaneously advocating for them. The legal opinion is heavily leaning towards them being illegal after many lower court decisions. Do you care to explain how tariffs wouldn't be inflationary if the actions matched the rhetoric?
> The US is still the #2 exporting country
Are you being intentionally obtuse? Look at how much we import vs how much we export. What would you call an economy that imports more than it exports? A ___ based economy?
Patty Melt at Waffle House is like $15 now. Thanks Trump.
And yet prices are marginally up while all the "economists" expected major inflation. Dollar vs Euro is at same level now as it was in 2019 - there are benefits to the economy as well when the currency is less strong.