| National
|
[
National ] [ Main Menu ] |
|
|
|
443821 |
|
|
Date: November 07, 2024 at 07:47:29
From: The Hierophant, [DNS_Address]
Subject: My question about dt and economy |
URL: https://www.msn.com/en-us/money/markets/get-ready-for-inflation-and-interest-rates-to-rise-again/ar-AA1tFl5g?ocid=hpmsn&cvid=d9d9d4e5f30a4e298ca1b5d35e26af44&ei=18 |
|
So, with the threat of tariffs looming on the horizon
with the clouds of higher interest rates, consumer
prices and inflation in the mix -
When these happen - which they will within the next
year - year and half - WHO will the dt voters blame for
these when they happen? Because higher interest rates,
consumer prices and inflation will affect ALL Americans
in their everyday lives. How will they place the blame
on the democrats if it is the Republicans behind the
increases?
"Get ready for inflation and interest rates to rise
again
President-elect Donald Trump said he would implement
tariffs on imported goods.
Economists said the proposals could boost inflation and
raise prices for consumers.
The Federal Reserve would likely respond to inflation
by raising interest rates to curb demand.
One of the first policies President-elect Donald Trump
is expected to enact after being sworn into office is
imposing taxes on imported goods.
Many economists say these tariffs, as well as some of
his other proposals, could kick-start another bout of
inflation and interest-rate hikes.
Trump has said that his proposals would not impact US
prices. "I am going to put tariffs on other countries
coming into our country, and that has nothing to do
with taxes to us. That is a tax on another country," he
said in an August speech.
Some experts have argued otherwise. Economists and
investors project that taxes imposed on imports will be
passed on to American consumers in the form of higher
prices. In an economic chain reaction, households would
then pay higher interest rates on borrowing of all
kinds as the Fed moves to tame that newly rekindled
inflation.
On the campaign trail, one of Trump's cornerstone
proposals was a 60% tariff on goods imported from China
and a 10% to 20% tariff on imports from other
countries.
The US Census Bureau reported that broad tariffs would
likely affect the prices of automobiles, drugs for
human and veterinary use, food and beverages,
furniture, and household appliances.
Trump could announce these changes as soon as he takes
office because they would not require congressional
approval, but because implementation could take time,
consumers would not see higher prices immediately.
An analysis from the nonpartisan Peterson Institute
examined Trump's proposed 60% tariff on goods imported
from China and estimated that it would boost inflation
by 0.4 percentage points in 2025. The estimate does not
include Trump's proposal for a 10% to 20% tariff on
other imports.
Markets are also expecting higher inflation under
Trump; bond yields surged following Trump's victory.
That led to the 30-year fixed mortgage rate rising,
meaning homebuyers are on track to see higher interest
rates on loans.
An analysis by the nonpartisan Tax Policy Center found
that Trump's policies would decrease posttax incomes by
an average of $1,800 in 2025. A separate analysis by
the left-leaning Center for American Progress said that
his tariff plans could cost the typical American
household an extra $1,500 a year.
Going back to Trump's first term, the Tax Foundation
estimated that Trump's tariffs amounted to additional
costs for Americans, functioning as a nearly $80
billion tax increase on Americans buying Chinese
imports.
But there's a catch. The tariffs Trump enacted in his
first term did not result in a significant inflation
increase. The difference this time around — and the
reason why inflation forecasts are more stark — is how
much deeper and more wide-reaching Trump's tariff
proposals are for not just China but the rest of the
world.
Trump's win is also expected to influence the Federal
Reserve's upcoming decisions on interest rates. While
it's too soon for the Fed to make any adjustments since
Trump has not yet implemented any tariffs, members of
the Federal Open Market Committee will likely begin
discussing how Trump's future economic policies could
affect consumers — including whether the central bank
would need to hike interest rates in the future in
response to inflationary pressure.
The Fed is expected to cut interest rates by 25 basis
points on Thursday, and Fed chair Jerome Powell will
likely offer some insight into the Fed's direction
following Trump's victory.
However, the future of the Federal Reserve is uncertain
under Trump. The president-elect has previously
suggested that he would like to have a say over
interest-rate decisions, something presidents do not
currently have. This raises the question of whether the
central bank would continue to remain politically
independent.
Americans will likely learn more about what to expect
from Trump as the year comes to a close. While Trump
has maintained that his policies will help the economy
and leave Americans better off, the Nobel Prize-winning
economist Joseph Stiglitz previously told Business
Insider that the "general consensus" among experts is
that "the Trump administration would be more
inflationary."
"The broad assessment of the consequences of that is
that the Fed would be forced to raise interest rates,
and all that combined would still serve to increase
inflation even as unemployment increased and GDP
slowed," he said."
|
|
|
|
|
Responses:
[443823] [443852] [443857] [443861] [443892] [443865] [443868] [443855] [443847] [443827] [443846] [443895] [443875] [443873] [443870] [443828] [443830] [443881] [443882] [443889] [443885] [443871] [443850] [443854] |
|
443823 |
|
|
Date: November 07, 2024 at 07:59:47
From: akira, [DNS_Address]
Subject: Re: My question about dt and economy |
|
|
I repeatedly posted about Trump's tariffs last week and tried to get old timer's
thoughts about it, given he/she was voting for trump, but didn't get a reply... .
dems don't want to hold Biden or Harris accountable for anything happening
during their admin. Why expect republicans to behave differently?
|
|
|
|
|
Responses:
[443852] [443857] [443861] [443892] [443865] [443868] [443855] [443847] [443827] [443846] [443895] [443875] [443873] [443870] [443828] [443830] [443881] [443882] [443889] [443885] [443871] [443850] [443854] |
|
443852 |
|
|
Date: November 07, 2024 at 12:35:08
From: old timer, [DNS_Address]
Subject: Re: My question about dt and economy |
|
|
i did respond and said i’m not an economist and am not a fan of
attempting to explain things i don’t fully understand. but the tariffs trump
put in during his first term were continued under biden. also his proposed
tariffs were popular with voters according to polls
|
|
|
|
|
Responses:
[443857] [443861] [443892] [443865] [443868] [443855] |
|
443857 |
|
|
Date: November 07, 2024 at 13:26:45
From: akira, [DNS_Address]
Subject: lol.. you don't have to be an economist to listen to them |
|
|
and that was what I posted. If you don't know what they're saying, you can just
be happy and ignorant. You won't know what hit you when consumer prices go
up & you'll erroneously blame anyone but Trump. low information voters. oyvey
|
|
|
|
|
Responses:
[443861] [443892] [443865] [443868] |
|
443861 |
|
|
Date: November 07, 2024 at 14:11:45
From: old timer, [DNS_Address]
Subject: Re: lol.. you don't have to be an economist to listen to them |
|
|
i’ve read economists views of trump’s plans and some supported them
and some didn’t. we shall see what happens but the people have spoken
loud and clear
|
|
|
|
|
Responses:
[443892] [443865] [443868] |
|
443892 |
|
|
Date: November 08, 2024 at 02:51:44
From: akira, [DNS_Address]
Subject: which economists support trump's tariffs? could you post?(NT) |
|
|
|
|
|
|
|
Responses:
None |
|
443865 |
|
|
Date: November 07, 2024 at 14:18:28
From: Redhart, [DNS_Address]
Subject: Re: lol.. you don't have to be an economist to listen to them |
|
|
He crashed the economy the first time, he'll do it
again.
Well, I hope you enjoy what you just purchased, because
this time, he won't even care what you (or the rest of
his base) think. He no longer needs your vote.
Just remember when it happens...you broke it, you buy
it. You now are responsible.
|
|
|
|
|
Responses:
[443868] |
|
443868 |
|
|
Date: November 07, 2024 at 15:10:06
From: ryan, [DNS_Address]
Subject: Re: lol.. you don't have to be an economist to listen to them |
|
|
|
he doesn't even take responsibility for his posts...i doubt he will take responsibility for his vote...
|
|
|
|
|
Responses:
None |
|
443855 |
|
|
Date: November 07, 2024 at 13:18:23
From: Redhart, [DNS_Address]
Subject: Re: My question about dt and economy |
|
|
specific tariffs on specific targets are a tool to
protect areas of manufacturing in our own country or
national security.
Across the board tariffs on all imports is an
incredibly irresponsible use of this tool that will
harm everything from food household goods and building
supplies needed and put the burden on all americans to
pay that tariff. Our own manufacturing exports will
further be impacted when other countries retaliate in
kind (causing layoffs, bankruptcies, unemployment and
reduction of our own GDP).
Guess you should have thought of that before you voted.
Enjoy what's coming.
It will inflate prices on everything.
I thought you were against inflation?
|
|
|
|
|
Responses:
None |
|
443847 |
|
|
Date: November 07, 2024 at 11:13:58
From: ryan, [DNS_Address]
Subject: Re: My question about dt and economy |
|
|
|
ot doesn't share his "thoughts", just posts articles and then claims that just because he posts them, they are not his opinion...
|
|
|
|
|
Responses:
None |
|
443827 |
|
|
Date: November 07, 2024 at 08:27:39
From: The Hierophant, [DNS_Address]
Subject: Re: My question about dt and economy |
|
|
But the dems didn't intentionally go out and increase
tariffs that will, ultimately, create those conditions.
But your new leader will....
|
|
|
|
|
Responses:
[443846] [443895] [443875] [443873] [443870] [443828] [443830] [443881] [443882] [443889] [443885] [443871] [443850] [443854] |
|
443846 |
|
|
Date: November 07, 2024 at 11:08:46
From: chaskuchar@stcharlesmo, [DNS_Address]
Subject: Re: My question about dt and economy |
|
|
i will wait to see after his cabinet is in and he is
installed. i hope he doesn't get assassinated but the
msm keeps harping on him and inspires folks to try to.
|
|
|
|
|
Responses:
[443895] [443875] [443873] [443870] |
|
443895 |
|
|
Date: November 08, 2024 at 07:38:23
From: akira, [DNS_Address]
Subject: Re: My question about dt and economy |
|
|
|
it would be a damn shame. :(
|
|
|
|
|
Responses:
None |
|
443875 |
|
|
Date: November 07, 2024 at 16:24:36
From: ryan, [DNS_Address]
Subject: Re: My question about dt and economy |
|
|
|
you're making shit up chas...or at least the people you are listening to are...
|
|
|
|
|
Responses:
None |
|
443873 |
|
|
Date: November 07, 2024 at 16:19:27
From: Redhart, [DNS_Address]
Subject: Re: My question about dt and economy |
|
|
uh..but the assassination attempts were from registered
republicans or ex-followers, not democrats.
I hate to tell you this, but the calls are coming from
inside the house, Charles. Your party has a problem.
|
|
|
|
|
Responses:
None |
|
443870 |
|
|
Date: November 07, 2024 at 16:04:41
From: mitra, [DNS_Address]
Subject: Re: My question about dt and economy |
|
|
Do you have an example? I haven't seen it.
|
|
|
|
|
Responses:
None |
|
443828 |
|
|
Date: November 07, 2024 at 08:34:20
From: akira, [DNS_Address]
Subject: Re: My question about dt and economy |
|
|
no, your new leader... lol
conversely:
Mehdi Hasan-
How long do we give it till our president-elect takes credit for strong economic
growth, rising real wages, falling inflation, and record low levels of
unemployment?
George Conway-
It’s already marked on the calendar for 12:00:00.01 p.m., 20 January 2025
|
|
|
|
|
Responses:
[443830] [443881] [443882] [443889] [443885] [443871] [443850] [443854] |
|
443830 |
|
|
Date: November 07, 2024 at 09:15:11
From: The Hieorphant, [DNS_Address]
Subject: Re: My question about dt and economy |
|
|
Nope - not 'my' leader. I was raised by immigrants who
fled people like him.
|
|
|
|
|
Responses:
[443881] [443882] [443889] [443885] [443871] [443850] [443854] |
|
443881 |
|
|
Date: November 07, 2024 at 18:29:10
From: shadow, [DNS_Address]
Subject: Re: My question about dt and economy |
|
|
You think just because someone’s a citizen of a given country, they
automatically consider whomever that country’s sovereign or president
or royal poobah happens to be, at any given time, to be “their” leader?
I certainly don’t… The orange psycho will never be my leader…
|
|
|
|
|
Responses:
[443882] [443889] [443885] |
|
443882 |
|
|
Date: November 07, 2024 at 19:02:54
From: eaamon, [DNS_Address]
Subject: Re: My question about dt and economy |
|
|
felt like I woke up in"Idiocracy."
I bet the worlds nations are asking how the US could elect a criminal?
|
|
|
|
|
Responses:
[443889] [443885] |
|
443889 |
|
|
Date: November 07, 2024 at 21:27:15
From: Redhart, [DNS_Address]
Subject: Re: My question about dt and economy |
|
|
I got a text message from a friend in Canada yesterday
morning: "WTF is wrong with your country??"
How the rest of the world sees us today.
|
|
|
|
|
Responses:
None |
|
443885 |
|
|
Date: November 07, 2024 at 19:49:38
From: ryan, [DNS_Address]
Subject: Re: My question about dt and economy |
|
|
|
that works...but actually we are living in a corpocracy these days...roberts' scotus cemented that reality when they refused to limit corporate funding of elections...
|
|
|
|
|
Responses:
None |
|
443871 |
|
|
Date: November 07, 2024 at 16:09:43
From: mitra, [DNS_Address]
Subject: Re: My question about dt and economy |
|
|
Thank you.
I was raised by soldiers & personnel who fought people
like him.
Kamala did her best to set up for a peaceful
transition. Let's see what he does to ruin it.
|
|
|
|
|
Responses:
None |
|
443850 |
|
|
Date: November 07, 2024 at 11:58:57
From: shadow, [DNS_Address]
Subject: Re: My question about dt and economy |
|
|
You think just because someone’s a citizen of a given country, they
automatically consider whomever that country’s sovereign or president
or royal poobah happens to be, at any given time, to be “their” leader?
I certainly don’t… The orange psycho will never be my leader…
|
|
|
|
|
Responses:
[443854] |
|
443854 |
|
|
Date: November 07, 2024 at 13:03:49
From: The Hierophant, [DNS_Address]
Subject: Re: My question about dt and economy |
|
|
|
|
|
|
|
Responses:
None |
|
[
National ] [ Main Menu ] |