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The Economy

trump and company are running an economic policy based on relationships and emotions, kind of reminiscent of "i have a concept of a plan". the concept of a plan doesn't work when adjustments are made every day that causes unease and whipsaw with investors. more storm clouds on the horizon is the debt that, if the new budget is passed, will add more to it. Add the fact that trump and company has pissed off so many debt buyers, where is their motivation to continue to buy the US debt? Watch the bond yields and the possibility of rising interest rates. Don't think the fed will lower the federal funds rate given so much volatility... so much winning.
 
The things that are fueling inflation (for the 12 months ending in February) include prescription drugs, rent, housing and education. Does the administration have a concept of a plan for dealing with any of those?

IMG_0662.jpeg

It’s good that wage increases (earnings) continue to be above the overall inflation rate.
 

Inflation Plummeting, New Data Shows​

Published Mar 12, 2025 at 7:53 AM EDTUpdated Mar 12, 2025 at 10:14 AM EDT

01:01
Trump Issues Stock Market Update Amid Recession Fears
By Hugh Cameron


New data suggests a notable deceleration in the U.S. inflation rate, potentially offering some relief to both consumers and policymakers.
According to Truflation, a blockchain-based provider of real-time economic data, inflation has slowed to around 1.3 percent, having dropped to below the 1.5 percent mark at the start of March. By Truflation's readings, these are the lowest levels inflation has reached since December 2020. It peaked at over 11.5 percent in June 2022.

Why It Matters​

Trump's campaign placed a heavy emphasis on the state of the U.S. economy and in particular inflation, painting his predecessors policies as an accelerant and vowing to bring prices for American consumers down "on Day One." As a result, inflation has been framed a key touchstone evaluating the success of his economic agenda.

https://www.newsweek.com/new-data-shows-inflation-rate-plummeting-2043395

Egg prices falling as well: https://www.newsweek.com/price-eggs-rising-falling-cost-2042992

More Trump winning.
 
Rightguide said:
Egg prices falling as well: https://www.newsweek.com/price-eggs-rising-falling-cost-2042992

More Trump winning.
Click to expand...
I found this quote a bit confusing...
Figures released by the U.S. Department of Agriculture show that the average cost of one dozen eggs is now significantly cheaper than in recent days. The economic indicator website Trading Economics shows that a dozen eggs were $5.51 on Tuesday, more than $2 cheaper than "an all-time high of 8.17 in March of 2025." This represents a decrease of nearly 33 percent.
Click to expand...

According to my admittedly reality-based calendar, today is the 12th day in the year of our Christian lord 2025.
12 days into March (not even halfway through the month), we're celebrating a yuge decrease in the price of eggs from....the beginning of March 2025?

I looked up the data on the new 'n improved Musk-approve USDA site:https://i.imgur.com/MwiC680.png

I'll be damned...a FORTY percent retail drop in EIGHT days.
It's a MIRACLE!
Just goes to show you how good things can be when you let Musk "data analysts" gatekeep the data!
Nothing but good times ahead!
 
"Sleepy Joe" oversaw the biggest stock gains in US history, 9 straight quarters of GDP growth, 12 straight months of inflation decline... and "the greatest businessman ever" crashed it all in 45 days.
 
Rotadom said:
"Sleepy Joe" oversaw the biggest stock gains in US history, 9 straight quarters of GDP growth, 12 straight months of inflation decline... and "the greatest businessman ever" crashed it all in 45 days.
Click to expand...

Fresh picked cherries!

Here’s the facts….why Americans rejected Biden/HarrisDemocrats:

  • Inflation surged to its highest level in over 40 years. Prices went up more than 19% overall. Gasoline went up 46%.
  • After adjusting for inflation, “real” weekly earnings dropped 2.3%.
  • The average number of refugees admitted per month was 117% higher than the average under his predecessor.
  • The international trade deficit for goods and services went up 22.3%.
  • The debt held by the public grew by 28.5%
Lol
 
Lance_Castro said:
Fresh picked cherries!

Here’s the facts….why Americans rejected Biden/HarrisDemocrats:

  • Inflation surged to its highest level in over 40 years. Prices went up more than 19% overall. Gasoline went up 46%.
  • After adjusting for inflation, “real” weekly earnings dropped 2.3%.
  • The average number of refugees admitted per month was 117% higher than the average under his predecessor.
  • The international trade deficit for goods and services went up 22.3%.
  • The debt held by the public grew by 28.5%
Lol
Click to expand...

Let’s review (again) the 2024 economic data. Trump inherited a strong economy.

MajorRewrite said:
US exports are at an all-time high. 🏆



But the trade gap widened on fear of Trump’s tariffs …
Click to expand...

MajorRewrite said:
The Biden administration job creation record …

Total employment

January 2020 156,994,000 (pre-pandemic)
January 2021 148,383,000 (takes office)
December 2024 161,294,000

4.3 million more jobs now compared to peak employment during the Trump administration.

12.9 million more jobs than when Biden took office.

https://www.bls.gov/webapps/legacy/cpsatab1.htm
Click to expand...

MajorRewrite said:
This may be the most interesting economic thing that happened during the Biden administration. Growth of the median wage stayed within a narrow band (between 3% and 4%) during the Trump administration even during the pandemic. But when the pandemic ended, there were “help wanted” signs everywhere and wage growth shot up to over 6%.

View attachment 2466874

https://www.atlantafed.org/chcs/wage-growth-tracker.aspx
Click to expand...

MajorRewrite said:
A nice graph of inflation in 2024, broken down into categories. You can see the price of only a few things rose faster than earnings (increased 3.9%).

Rent is a continuing problem.

View attachment 2468841

Notice that grocery prices dropped 3.4% in 2024.
Click to expand...

MajorRewrite said:
Retail sales for 2024 were higher than 2023, demonstrating the health of the economy. ⭐️



https://www.census.gov/retail/marts/www/marts_current.pdf
Click to expand...

MajorRewrite said:
Imports from China are lower now than they were at any point during Trump’s first administration.

So it will be interesting to see if Doddering Donnie follows through with his plan for higher tariffs on China.

View attachment 2478793
Click to expand...

MajorRewrite said:
Good news ⭐️

U.S. economy grows solid 2.3% from October to December, 2.8% for full year 2024



Despite what Doddering Donnie says, he inherits a strong economy.

The strength of the US economy contrasts with Europe …
Click to expand...

MajorRewrite said:
Personal consumption continues to soar (and yes, this data is adjusted for inflation). MAGAs pretend the economy is a disaster but facts say it is strong. Totally Fact-Free MAGAs!

View attachment 2481963
Click to expand...

MajorRewrite said:
Inflation: the PCE index of inflation was 2.6% for 2024.
https://www.bea.gov/news/2025/personal-income-and-outlays-december-2024

View attachment 2481974
Click to expand...

MajorRewrite said:
House prices are high and the anger about that is understandable. But it’s interesting that the homeownership rate is higher now than it was in the 60s, 70s, 80s or 90s.

View attachment 2486424
Click to expand...

MajorRewrite said:
The US is the second biggest exporting nation. The value of US exports has increased steadily over time.

View attachment 2486425
Click to expand...
 
Economy

Wholesale price measure was flat in February, compared with expected increase​

Published Thu, Mar 13 20258:36 AM EDTUpdated 2 Hours Ago
https://image.cnbcfm.com/api/v1/image/107136383-1666097431576-2022_Headshots-6927.jpg?v=1666097477&w=60&h=60&ffmt=webp
Jeff Cox@jeff.cox.7528@JeffCoxCNBCcom

Wholesale prices were flat in February providing some more welcome news on inflation amid tariff fears, the Bureau of Labor Statistics reported Thursday.

The producer price index, considered a leading indicator for pipeline inflation pressures, showed no gain for the month after jumping an upwardly revised 0.6% in January, seasonally adjusted figures showed. Economists surveyed by Dow Jones had been looking for a 0.3% increase.

Excluding food and energy, core PPI decreased 0.1%, also against an estimate for a 0.3% rise and the first negative reading since July. Core prices excluding trade services showed a gain of 0.2%, also below a 0.3% estimate.

https://www.cnbc.com/2025/03/13/ppi-inflation-report-february-2025-.html
 

CA down 16K fast food jobs amid $20 wage, debunking Newsom-cited study​

Kenneth Schrupp, The Center Square | Mar 14, 2025 |

(The Center Square) – Federal data now shows California fast food employment is down 16,000 jobs since the passage of the state’s $20-per-hour fast food minimum wage last year.

A fast food study from the Berkeley Research Group found California fast food prices increased 14.5% from September 2023 to October 2024, or double the national average.

The U.S. Bureau of Labor Statistics’ quarterly employment survey covers 95% of American jobs, and is considered the gold standard for jobs and wage data. Now its latest report shows California fast food jobs declined from 570,909 in September 2023 to 554,748 in September 2024.

“Some advocates for the fast food minimum wage have already branded the 25% increase a success,” wrote BRG, whose research team included the former head of the state-funded Legislative Analyst’s Office. “According to them, not only have fast food workers received higher pay because of the increase, but the number of jobs available to these workers has increased as well. However, these claims are not supported by reliable data.”

The BRG report notes jobs declined in December 2023, which in this century only occurred during the Great Recession in 2009 and during the COVID-19 pandemic in 2020, and that employers have cut hours and benefits to offset wage increases.

The rest here: https://www.gopusa.com/ca-down-16k-fast-food-jobs-amid-20-wage-debunking-newsom-cited-study/
 
Rightguide said:

CA down 16K fast food jobs amid $20 wage, debunking Newsom-cited study​

Kenneth Schrupp, The Center Square | Mar 14, 2025 |

(The Center Square) – Federal data now shows California fast food employment is down 16,000 jobs since the passage of the state’s $20-per-hour fast food minimum wage last year.

A fast food study from the Berkeley Research Group found California fast food prices increased 14.5% from September 2023 to October 2024, or double the national average.

The U.S. Bureau of Labor Statistics’ quarterly employment survey covers 95% of American jobs, and is considered the gold standard for jobs and wage data. Now its latest report shows California fast food jobs declined from 570,909 in September 2023 to 554,748 in September 2024.

“Some advocates for the fast food minimum wage have already branded the 25% increase a success,” wrote BRG, whose research team included the former head of the state-funded Legislative Analyst’s Office. “According to them, not only have fast food workers received higher pay because of the increase, but the number of jobs available to these workers has increased as well. However, these claims are not supported by reliable data.”

The BRG report notes jobs declined in December 2023, which in this century only occurred during the Great Recession in 2009 and during the COVID-19 pandemic in 2020, and that employers have cut hours and benefits to offset wage increases.

The rest here: https://www.gopusa.com/ca-down-16k-fast-food-jobs-amid-20-wage-debunking-newsom-cited-study/
Click to expand...

The new minimum wage didn’t go into effect until April 2024, so why is the article looking at employment changes since September 2023?

And from September 2023 to September 2024, the number of fast food restaurants in California increased 1,418 (4.3%). Doesn’t seem like an industry in trouble.

And the average weekly wage increased 12.9%.

Here’s the source data that your article didn’t link to.
 
Come on now!! How many of us are hurt by 10% loss in our 401ks???

Certainly not the oligarchs!! They will all buy back in at the bottom!!

MUSK told us to expect this! Weren’t you Trumplikkkans listening?? Welcome to the Greater Amerikkka!!

Soon they will introduce Amerikkkans to AUSTERITY!! I hope you aren’t too dependent on Social Security, Medicare, Medicaid or your pensions!!!

Too bad we don’t have the right to a Referendum like Australia has!! Can we even vote for a Recall??? Nope!
 
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