The Economy

[MajorRewrite]

However, the reality is, the revisions have been made for decades, its SOP. To assign nefarious context to it is politics, nothing more.

Tinta86/noitall you’re the one that said Biden administration economic data was fake because of downward revisions!

 

[MajorRewrite]

The NASDAQ 100 is just -2% below its all-time high

it was down -20% just 2 months ago.

Context is important. Why did the NASDAQ tank after Trump took office?

Anyway, it’s nice that the NASDAQ is almost (but not quite) back to where to was when Trump took office.

 

[MajorRewrite]

Inflation barely increased.

Yearly CPI rose 2.4% in May, a slight uptick from April's 2.3% uptick, which marked the lowest yearly increase since February 2021.

On a "core" basis, which excludes volatile food and energy costs, CPI rose 2.8% over the past year in May, matching April.

 

[BabyBoomer50s]

ECONOMY

U.S. inflation rises 0.1% in May from prior month, less than expected​

PUBLISHED WED, JUN 11 2025 8:32 AM EDTUPDATED 11 MIN AGO

https://www.cnbc.com/2025/06/11/cpi-inflation-may-2025.html

 

[colddiesel]

Watch the sales (or attempted sale) of US government bonds. With Zero attempt to control the expansion of government.debt, the Senate along with the market is gunna have to drop the hammer on increased debt. I'm backing the Bond market to make Trumps second coming a lame duck Presidency, the only question is when. Cutting expenditure and increasing taxes are the only way to maintain credit. "Ouch"

 

[MajorRewrite]

ECONOMY

U.S. inflation rises 0.1% in May from prior month, less than expected​

PUBLISHED WED, JUN 11 2025 8:32 AM EDTUPDATED 11 MIN AGO

https://www.cnbc.com/2025/06/11/cpi-inflation-may-2025.html

View attachment 2547437

Reposting the information from the previous comment seems to be the MAGA sheep’s new favorite thing. Stable geniuses.

But maybe you wanted to highlight the equally low months in 2023?

 

[MajorRewrite]

The Producer Price Index measure of inflation rose 0.1% in May.

A month ago the PPI for April was announced as a 0.5% decrease, which MAGA sheep loudly celebrated. That has been (quietly) revised to a 0.2% decrease.

These revisions are surely going to cause 86Tina and RightGuide to freak out like they did during the Biden administration, right?

Anyway, the PPI has been stable and within a very narrow range since December of 2022. That’s a good thing.

 

[MajorRewrite]

Weakness in employment.

Continuing jobless claims reach highest level since November 2021

1.956 million continuing claims were filed, up from 1.902 million the week prior and the highest level seen since November 2021. Economists see an increase in continuing claims as a sign that those out of work are taking longer to find new jobs.

 

[ChloeTzang]

Tariffs claim first major victim as auto-parts giant files for bankruptcy​

Marelli, a Japanese-based car parts manufacturer, filed for Chapter 11 bankruptcy protection on Wednesday, citing tariff-related pressures that added to its years-long financial troubles. The parts maker, which supplies components for Nissan and Stellantis, is considered a bellwether for the global auto industry. It employs 40,000 workers across plants in the US, Europe, and Asia.

In a court filing, CEO David Slump wrote that rising global tariffs became a tipping point this spring. 'Marelli was severely affected by tariffs due to its import/export-focused business and the imposition of tariffs specifically against automotive manufacturers and suppliers,' Slump wrote in the court filing. The company's finances began to deteriorate in March, around the same time President Donald Trump imposed 25 percent levies on imported cars and vehicle parts. The President scaled back the dramatic import tax in April, but the temporary reprieve left suppliers facing continued uncertainty. For Marelli, the pressure was too much.

The bankruptcy highlights how quickly trade policy shifts can destabilize even massive suppliers — and it places new scrutiny on Marelli's biggest clients. Nissan, America's fifth most popular car brand in the US in 2024, once owned more than 40 percent of Marelli's shares and remains heavily reliant on the supplier.

https://www.dailymail.co.uk/yourmon...s-marelli-files-bankruptcy-trump-tariffs.html

 

[MajorRewrite]

The US’ trade deficit with the EU has deepened this year despite TrumpTariffs.



https://finance.yahoo.com/news/im-a...n-day-20-deadline-draws-closer-170808248.html

 

[domroger]

The US’ trade deficit with the EU has deepened this year despite TrumpTariffs.

View attachment 2548798

https://finance.yahoo.com/news/im-a...n-day-20-deadline-draws-closer-170808248.html

Strange.(sarcasm)

 

[ll74]

• Blue-Collar Wage Growth Under Trump Sees Largest Increase in Nearly 60 Years

And yet employment stayed stagnant

https://www.bls.gov/news.release/pdf/empsit.pdf

 

[MajorRewrite]

• Blue-Collar Wage Growth Under Trump Sees Largest Increase in Nearly 60 Years

Oh boy. This looks like bad propaganda.

• The article compares the first 5 months of the Trump administration to the first 5 months of other administrations, and ignores the rest of those other administrations!
• Then it states the data is “from December 2024 to May 2025”, which includes nearly 2 months of the Biden administration.

The whole thing is lame and desperate. No wonder 86Tintax2024 likes it.

The average hourly earnings of production and non supervisory employees has steadily increased forever.

And here’s real personal income which has also grown steadily forever.

 

[MajorRewrite]

Construction is a big part of the economy, and is very cyclical.

New home construction falls to five-year low

New US residential construction declined in May to the slowest pace since the onset of the pandemic as an elevated inventory of homes for sale and high mortgage rates sapped the motivation to build.

Housing starts decreased 9.8% to an annualized rate of 1.26 million homes last month, according to government figures released Wednesday.

The report illustrates subdued home construction activity as builders face a number of headwinds, including inventories of completed houses that stand at the highest level since 2009.

 

[MajorRewrite]

As expected, the Federal Reserve didn’t change its benchmark interest rate, but its economic forecast for the rest of the year became a bit more pessimistic.

Fed holds rates steady, stays on track for 2 cuts in 2025

What the central bank did change, however, was its outlook on inflation and economic growth amid those uncertainties. Fed officials now see inflation staying higher this year than previously estimated and economic growth going lower than prior predictions.

 

[ChloeTzang]

Somehow one thinks Powell understands the economic realities a little better than the Trump Administration and its sycophants

 

[ll74]

Somehow one thinks Powell understands the economic realities a little better than the Trump Administration and its sycophants

View attachment 2549511

But Trump said we should lower rates.

The.guy who bankrupted multiple businesses and is literally grifting off his presidency

Is he wrong?
¯⁠\⁠(⁠°⁠_⁠o⁠)⁠/⁠¯

 

[ChloeTzang]

Target's own staff blow whistle on HUGE price hikes across the store: 'Everything's going up'​

Target workers say prices are exploding — and shoppers are about to feel it. Store staff are posting pictures of their early morning price-changes on social media. The images show shelf labels adjusting with giant price bumps. 'I feel bad doing all these price changes when everything goes up,' one Target staffer said in a Reddit post. The hikes come as retailers grapple with inflationary pressures. But the adjustments aren’t a huge surprise. At the beginning of the year, multiple executives — including Target’s CEO — warned that President Donald Trump’s tariffs would push prices higher on a broad range of consumer goods.

The wave of price changes is even extending into the automotive world. At Ford and BMW dealerships, employees have leaked internal bulletins showing MSRP hikes of more than $1,000. Subaru, Toyota, and Mitsubishi have all said they're raising prices. Unlike retail chains, carmakers are often more upfront about cost shifts. But transparency comes with risk. Large corporations that openly tie rising prices to tariffs are drawing fire from the Trump administration. 'Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain,' Trump threatened on social media.' Amazon briefly considered adding a line item for tariff costs on product pages. But White House press secretary Karoline Leavitt called the potential change a 'hostile and political act.' Since then, both Walmart and Amazon have silently raised prices — but they've kept quiet on why.

And customers should expect more price hikes. For workers on the ground, that just means more customers asking why everything suddenly costs more.

Trump also slapped 50% tariffs on Canadian steel and aluminum - an outright declaration of economic war on Canada that will on average increase vehicle prices in the USA between $1-3k, depending on the vehicle - the vehicle manufacturing supply chain is so tightly interwoven that it will take years to decouple. Canada is the U.S.'s #1 supplier of steel and aluminum.

Meanwhile, Canada has given the US 30 days to sort this shit out. Canada will impose adjusted Tariffs (100%) on U.S. steel & aluminum, effective July 21 and close Cdn steel contracts to US suppliers. Canada will also the government will unleash new and retroactive tariff quota rates of 100% on imports of steel products from non-free trade agreement countries (cutting out cheap Chinese steel as well as American). Ontario will onshore all U.S. imports, slamming the door on American metal. Canada is a huge importer of US steel and aluminium products - these will now be shut out of the Canadian market, killing thousands of jobs in the Mid-West. Steel-using jobs outnumber steel-making ones 80 to 1. In 2018, Trump’s tariffs led to 75,000 lost jobs, soaring prices, and global retaliation. 2025 will be no different.

Another flow on effect - increased steel prices will decimate large-scale construction projects across the country. Appliance makers will also be impacted. Around half of all US imports are inputs for American manufacturers. So, for example, when you tax (tariff) steel imports (150k workers), you hurt all the US manufacturers that consume steel (~6.5M workers). Watch for inflation to start climbing and job losses increase as these tariffs take effect.

https://www.dailymail.co.uk/yourmon...taff-expose-price-increase-popular-items.html

 

[MajorRewrite]

Trump commands oil prices to drop!

What a loon.

“EVERYONE, KEEP OIL PRICES DOWN. I’M WATCHING! YOU’RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON’T DO IT!” Trump posted Monday on social media.

In a subsequent post, Trump urged the Energy Department to “DRILL, BABY, DRILL!!! And I mean NOW!!!”

i’M wAtChinG!!!! I mEan NoW!!!!!!

Thank you for your attention to this matter.

 

[Lazaran]

Trump commands oil prices to drop!

What a loon.



i’M wAtChinG!!!! I mEan NoW!!!!!!

Thank you for your attention to this matter.

Watch. The. Stock. Market.



The markets have been behaving veeeeery oddly in response to recent events.



It’s almost like the major players in the markets (the ultra wealthy, financial institutions, corporations, etc) are doing everything they can to prop up the markets so there isn’t MOAR of an outcry from the public to scrap “The One Butt Ugly Bill” and its tax cuts & deregulations for the ultra wealthy & corporations.







We. Told. Them. So.

 

[heathrowinneo]

Trump commands oil prices to drop!

What a loon.



i’M wAtChinG!!!! I mEan NoW!!!!!!

Thank you for your attention to this matter.

the level of stupidity from this individual and administration is mind boggling. demanding to lower prices due to uncertainty caused by war and bombing... critical thinking is so lacking in the administration. cause and effect. "don't raise prices because i decided to bomb a country that produces 30% of the world oil supplies" ranks right up there with amazon and walmart being told not to show the price increases due to the tariffs. stable jennius. jfc.

 

[Lazaran]

the level of stupidity from this individual and administration is mind boggling. demanding to lower prices due to uncertainty caused by war and bombing... critical thinking is so lacking in the administration. cause and effect. "don't raise prices because i decided to bomb a country that produces 30% of the world oil supplies" ranks right up there with amazon and walmart being told not to show the price increases due to the tariffs. stable jennius. jfc.

Iran only produces 4% of the global oil supply. Iran theoretically / hypothetically controls (can disrupt) the distribution of 20% of the global oil supply because they can easily shut down the strait of Hormuz.

 

[Rightguide]

More bad news for Democrats:

https://twitter.com/x/status/1929673161500774650

 

[Lazaran]

Trump effect

Oil now below where it was when Israel launched this entire theater

View attachment 2550433

Let’s see if BB can grasp the point(s) of this information:

From the web:

“When the economy slows down, the price of oil tends to fall. But this time, OPEC+ is increasing production despite weak demand. U.S. oil producers need prices above $60 per barrel to profitably drill a new well, said Rice University's Mark Finley.Apr 8, 2025”…





BB



We. Told. Them. So.

 

[MajorRewrite]

Trump effect

Oil now below where it was when Israel launched this entire theater

Only you could be stupid enough to believe the president can control oil prices by tweeting about it. You’re so mentally disabled.