Economy UP, Inflation down, Wages Up, Prices Down

archives said:
RCP is a right center source, and it is one of the Red Hat Club that labeled Fake News

RealClearPolitics Bias and Reliability | Ad Fontes Media

Ad Fontes Media rates Real Clear Politics, a website focusing on political and policy issues, as skews right in terms of bias and as mixed reliability in …
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mediabiasfactcheck.com

Real Clear Politics - Bias and Credibility

RIGHT-CENTER BIAS These media sources are slightly to moderately conservative in bias. They often publish factual information that utilizes loaded words
mediabiasfactcheck.com mediabiasfactcheck.com
Click to expand...
So? They're also--by YOUR source--rated as high credibility and reliable as a source. So, it's up to you to provide alternate sources that show they're wrong or your POV.
 
T. A. Gardner said:
So? They're also--by YOUR source--rated as high credibility and reliable as a source. So, it's up to you to provide alternate sources that show they're wrong or your POV.
Click to expand...
Never questioned their credibility, just pointed out that they are a right center source, just as the NYT or WP are similarly a left center source. I even purposely used RCP to invalidate his post, upon which “vols” claimed it was a far left source
 
archives said:
Never questioned their credibility, just pointed out that they are a right center source, just as the NYT or WP are similarly a left center source. I even purposely used RCP to invalidate his post, upon which “vols” claimed it was a far left source
Click to expand...
The US economy has indeed been performing stronger than many anticipated, with several key indicators exceeding expectations. While concerns about inflation and potential slowdowns remain, the overall picture is one of continued growth and resilience.

The Real Economy Blog +2
Here's a more detailed look:
Outperforming Forecasts:
  • GDP Growth:
    .
    The US economy has seen real GDP growth exceeding initial forecasts from organizations like the CBO and Blue Chip Consensus Forecasts. Specifically, real GDP has grown more than predicted by the CBO and Blue Chip Consensus Forecasts.

  • IMF Upgrades:
    .
    The International Monetary Fund (IMF) has upgraded its growth forecast for the US, indicating a positive outlook for the economy.

  • Goldman Sachs Research:
    .
    Goldman Sachs Research also predicts the US economy will grow by 2.5% on a full-year basis, surpassing the consensus forecast of 1.9%.

  • World Bank Upgrades:
    .
    The World Bank has also increased its global economic growth forecast, largely due to the strong performance of the US economy, which is projected to expand by 2.5%.
Factors Contributing to Strength:
 
Grokmaster said:
The US economy has indeed been performing stronger than many anticipated, with several key indicators exceeding expectations. While concerns about inflation and potential slowdowns remain, the overall picture is one of continued growth and resilience.

The Real Economy Blog +2
Here's a more detailed look:
Outperforming Forecasts:
  • GDP Growth:
    .
    The US economy has seen real GDP growth exceeding initial forecasts from organizations like the CBO and Blue Chip Consensus Forecasts. Specifically, real GDP has grown more than predicted by the CBO and Blue Chip Consensus Forecasts.

  • IMF Upgrades:
    .
    The International Monetary Fund (IMF) has upgraded its growth forecast for the US, indicating a positive outlook for the economy.

  • Goldman Sachs Research:
    .
    Goldman Sachs Research also predicts the US economy will grow by 2.5% on a full-year basis, surpassing the consensus forecast of 1.9%.

  • World Bank Upgrades:
    .
    The World Bank has also increased its global economic growth forecast, largely due to the strong performance of the US economy, which is projected to expand by 2.5%.
Factors Contributing to Strength:
Click to expand...
“Blog +2,” now my barber has a blog, should I cite his opinion?
 
Grokmaster said:
The US economy has indeed been performing stronger than many anticipated, with several key indicators exceeding expectations. While concerns about inflation and potential slowdowns remain, the overall picture is one of continued growth and resilience.

The Real Economy Blog +2
Here's a more detailed look:
Outperforming Forecasts:
  • GDP Growth:
    .
    The US economy has seen real GDP growth exceeding initial forecasts from organizations like the CBO and Blue Chip Consensus Forecasts. Specifically, real GDP has grown more than predicted by the CBO and Blue Chip Consensus Forecasts.

  • IMF Upgrades:
    .
    The International Monetary Fund (IMF) has upgraded its growth forecast for the US, indicating a positive outlook for the economy.

  • Goldman Sachs Research:
    .
    Goldman Sachs Research also predicts the US economy will grow by 2.5% on a full-year basis, surpassing the consensus forecast of 1.9%.

  • World Bank Upgrades:
    .
    The World Bank has also increased its global economic growth forecast, largely due to the strong performance of the US economy, which is projected to expand by 2.5%.
Factors Contributing to Strength:
Click to expand...
And what will happen IF and when Trump ever stops all his flip flopping on his tariffs and actually puts them on.
Now he is talking more tariffs on Copper ( 200% I believe ) and other metals we use to produce things here that will drive up the price of most everything that has electrical wire in it.
Trump's tariffs will turn a good economy into shit, we just have to wait and see if and when he puts them in place .
 
PS , as it is already the price of somethings have already gone up, Coffee, Autos ( the truck I bought back in Feb has already gone up over 5000 dollars.)
It will take time to see what happens after Trump does put his tariffs on IF he ever does.
 
Tbird19482 said:
PS , as it is already the price of somethings have already gone up, Coffee, Autos ( the truck I bought back in Feb has already gone up over 5000 dollars.)
It will take time to see what happens after Trump does put his tariffs on IF he ever does.
Click to expand...
The inflation you're experiencing happened under Biden. You should have bought American. Trump has only been in office 7 months, and already wage increases surpass inflation....and it will only get better from here.

  • Overall Food Prices:
    The USDA projects a 2.9% increase for all food (including both food at home and food away from home).

  • Food-at-Home:
    The predicted increase for food-at-home specifically is 2.2%, according to the USDA.

  • Slower than Historical Average:
    While still an increase, the predicted rate for 2025 is slower than the 20-year historical average of 2.6%.

  • Comparison to Previous Years:
    The 2025 increase is higher than the 1.2% increase in 2024 but below the 5.0% increase in 2023.
 
Grokmaster said:
The inflation you're experiencing happened under Biden. You should have bought American. Trump has only been in office 7 months, and already wage increases surpass inflation....and it will only get better from here.

  • Overall Food Prices:
    The USDA projects a 2.9% increase for all food (including both food at home and food away from home).

  • Food-at-Home:
    The predicted increase for food-at-home specifically is 2.2%, according to the USDA.

  • Slower than Historical Average:
    While still an increase, the predicted rate for 2025 is slower than the 20-year historical average of 2.6%.

  • Comparison to Previous Years:
    The 2025 increase is higher than the 1.2% increase in 2024 but below the 5.0% increase in 2023.
Click to expand...
AGAIN Trump has NOT put ALL his tariffs on and those increases happened AFTER Trump put his first lower tariffs on . Coffee just went up about 3/4 weeks ago, the price of autos did NOT go up over 5000 dollars OR MORE under Biden it just happened in the last month or so.
So don't go trying to put ALL the blame on Biden that is just more Trump BS.
 
Tbird19482 said:
AGAIN Trump has NOT put ALL his tariffs on and those increases happened AFTER Trump put his first lower tariffs on . Coffee just went up about 3/4 weeks ago, the price of autos did NOT go up over 5000 dollars OR MORE under Biden it just happened in the last month or so.
So don't go trying to put ALL the blame on Biden that is just more Trump BS.
Click to expand...
And the effect will be negligible , just like your pseudo-crisis over 128,000 tons of wheat...out of over 50 million tons. (.0056 % of US wheat output)

These nations have been charging us with tariffs for decades; Trump is leveling the playing field.

Tariffs will strengthen the US economy... the so-called "experts" have been wrong about everything, and they are wrong again.
 
Grokmaster said:
And the effect will be negligible , just like your pseudo-crisis over 128,000 tons of wheat...out of over 50 million tons. (.0056 % of US wheat output)

These nations have been charging us with tariffs for decades; Trump is leveling the playing field.

Tariffs will strengthen the US economy... the so-called "experts" have been wrong about everything, and they are wrong again.
Click to expand...
And Tariffs as high as what Trump wants to put on IF he EVER stops all his flip flopping will only hurt our economy.
The exporting countries may absorb some of them but being as high as he wants they will pass most of them on to the American consumer,
IF he does it it will be just a matter of time till the price of just about everything we buy goes up.
Heck he is talking a 200% tariff on copper, do you realize just how many things have copper in them?
Everything electrical , cars, computers, wire, and you know they will be passing most of it on to the consumer.
Again we will have to see what Trump does.
 
archives said:
Aren’t any facts, generalizations, most of which were applicable the day Trump took office, and if things are so rosy why did Mooney just downgrade the US’s credit rating fore first time since 1917
Click to expand...

Wrong, per usual:


Why everything's coming up Trump on the economy​


Why is President Trump escalating a trade war that had seemed dormant, threatening high tariffs on major trading partners, imported copper, and pharmaceuticals? A better question is "why not?"

The big picture: Economic, market, and policy developments have been a wind at the president's back in the last two months. The threatened downsides of an erratic policy process have not materialized, and economic naysayers — for the moment, at least — look silly.

  • This backdrop helps explain why Trump feels empowered to follow his instincts, which have long tilted toward aggressive use of trade barriers.
Flashback: Three months ago, stock and bond markets were in freefall, forecasters issued recession predictions, retailers warned of empty store shelves, and the outlook for Republicans' signature tax legislation was decidedly choppy.

  • None of that is true today.
State of play: The unemployment rate is 4.1%, a tick below its April level. Inflation readings in April and May were lower than forecasters expected. (June inflation data starts rolling in next week.)

  • The stock market is hovering near record highs, and 10-year Treasury yields are below their levels on Inauguration Day in January.
  • While supply chains have been whipsawed by the on-and-off trade war, retailers have thus far been able to maintain steady availability of imported profits at normal prices. It reflects both pre-tariff inventory buildup and the willingness of suppliers and importers to absorb much of the cost of tariffs.
  • The One Big, Beautiful Bill Act was signed into law on July 4, a self-imposed deadline from the president that many in the D.C. smart set thought was unlikely to be met.
  • And while the Federal Reserve isn't cutting interest rates as rapidly or as much as the president would like, a September rate cut looks more likely than not.
Reality check: The U.S. economy is a big, complex beast. It will take time for companies to adapt their pricing and supply chains to the kinds of massive shifts in trade policy seen so far in 2025 — and promised in the weeks ahead.



  • The president has been quick to delay or adjust tariffs when the signs of pain become too apparent, evident in climbdowns on April 9, May 12, and this week.
  • In other words, part of the reason April's dire predictions have not materialized is that White House policies have adapted.
Of note: Just Tuesday, Trump threatened a 50% tariff on copper and up to 200% on pharmaceuticals.

  • The threats "had effectively zero impact on broader equity valuations, interest rates or the value of the dollar on Tuesday afternoon," wrote RSM chief economist Joe Brusuelas in a note.
What they're saying: "One gets the sense that although sector tariffs remain a risk to the economic outlook, corporate margins and commodity prices, investors do not believe that they are going to turn over the economy at current levels," Brusuelas wrote.

  • "Eventually," he added, "the laws of economic gravity will pull those valuations back to earth as firms' margins are compressed, inflation increases and real disposable incomes fall."
The bottom line: It's so far, so good for the Trump 2.0 economy.





Choke on it.
 

The art of negotiation


~Multiple White House officials identified the reason that President Donald Trump's tariffs are not showing up in the inflation data: the producers of goods in their countries of origin are eating the cost.

The Bureau of Labor Statistics reported last month that the Consumer Price Index rose just 0.1 percent in May, after rising 0.2 percent in April.

If the current inflation rate keeps up, it will only be 1.4 percent annually for Trump versus the 3.1 percent annualized rate under Biden during his last 30 months in office.




In early April, Trump announced his “Liberation Day” universal 10 percent tariff and higher reciprocal tariffs for those countries his administration identified as being particularly egregious in blocking U.S. products from their markets.

Soon thereafter, he decided to pause the higher tariff rates for 90 days until July 9, as negotiations proceeded. The president also placed a 25 percent tariff on imported cars, steel, and aluminum.

This week, Trump has been notifying several countries of what their tariff rates will be starting August 1, but added that they could be lowered if negotiators strike a deal. For example, as things stand now, he said goods imported from South Korea and Japan will be charged 25 percent.

White House senior counsel for trade and manufacturing, Peter Navarro, told Fox Business on Wednesday, "Let’s always keep the big prize in mind. We have over a trillion dollar trade deficit every year. And that costs us jobs and factories."

"And what President Trump is doing is a fundamental, structural reset of how international trade works. And it’s going to work to our advantage rather than their advantage," he added.


 
Grokmaster said:
The US economy has indeed been performing stronger than many anticipated, with several key indicators exceeding expectations. While concerns about inflation and potential slowdowns remain, the overall picture is one of continued growth and resilience.

The Real Economy Blog +2
Here's a more detailed look:
Outperforming Forecasts:
  • GDP Growth:
    .
    The US economy has seen real GDP growth exceeding initial forecasts from organizations like the CBO and Blue Chip Consensus Forecasts. Specifically, real GDP has grown more than predicted by the CBO and Blue Chip Consensus Forecasts.
Click to expand...
CBO prediction for 2025 Q1 - 2.2 GDP growth https://www.cbo.gov/data/budget-economic-data#4

Actual GDP growth - -.5% (Negative .5%) https://www.bea.gov/data/gdp/gross-domestic-product

Anyone that thinks negative growth is better than a predicted positive 2.2 growth is a complete fool.

But then it looks like you are not quoting a recent post from The Real Economy Blog.
Here is one recent one predicting a slowing economy.
realeconomy.rsmus.com

Market Minute: Economy slowing into second half of the year

Slowly gathering headwinds are causing the economy to lose steam as it heads into the second half of the year.
realeconomy.rsmus.com realeconomy.rsmus.com
 
Grokmaster said:
Wrong, per usual:


Why everything's coming up Trump on the economy​


Why is President Trump escalating a trade war that had seemed dormant, threatening high tariffs on major trading partners, imported copper, and pharmaceuticals? A better question is "why not?"

The big picture: Economic, market, and policy developments have been a wind at the president's back in the last two months. The threatened downsides of an erratic policy process have not materialized, and economic naysayers — for the moment, at least — look silly.

  • This backdrop helps explain why Trump feels empowered to follow his instincts, which have long tilted toward aggressive use of trade barriers.
Flashback: Three months ago, stock and bond markets were in freefall, forecasters issued recession predictions, retailers warned of empty store shelves, and the outlook for Republicans' signature tax legislation was decidedly choppy.

  • None of that is true today.
State of play: The unemployment rate is 4.1%, a tick below its April level. Inflation readings in April and May were lower than forecasters expected. (June inflation data starts rolling in next week.)

  • The stock market is hovering near record highs, and 10-year Treasury yields are below their levels on Inauguration Day in January.
  • While supply chains have been whipsawed by the on-and-off trade war, retailers have thus far been able to maintain steady availability of imported profits at normal prices. It reflects both pre-tariff inventory buildup and the willingness of suppliers and importers to absorb much of the cost of tariffs.
  • The One Big, Beautiful Bill Act was signed into law on July 4, a self-imposed deadline from the president that many in the D.C. smart set thought was unlikely to be met.
  • And while the Federal Reserve isn't cutting interest rates as rapidly or as much as the president would like, a September rate cut looks more likely than not.
Reality check: The U.S. economy is a big, complex beast. It will take time for companies to adapt their pricing and supply chains to the kinds of massive shifts in trade policy seen so far in 2025 — and promised in the weeks ahead.



  • The president has been quick to delay or adjust tariffs when the signs of pain become too apparent, evident in climbdowns on April 9, May 12, and this week.
  • In other words, part of the reason April's dire predictions have not materialized is that White House policies have adapted.
Of note: Just Tuesday, Trump threatened a 50% tariff on copper and up to 200% on pharmaceuticals.

  • The threats "had effectively zero impact on broader equity valuations, interest rates or the value of the dollar on Tuesday afternoon," wrote RSM chief economist Joe Brusuelas in a note.
What they're saying: "One gets the sense that although sector tariffs remain a risk to the economic outlook, corporate margins and commodity prices, investors do not believe that they are going to turn over the economy at current levels," Brusuelas wrote.

  • "Eventually," he added, "the laws of economic gravity will pull those valuations back to earth as firms' margins are compressed, inflation increases and real disposable incomes fall."
The bottom line: It's so far, so good for the Trump 2.0 economy.





Choke on it.
Click to expand...
Provide a link to your source as required by TOS.
 
Grokmaster said:

Wrong, per usual:


Why everything's coming up Trump on the economy​


Why is President Trump escalating a trade war that had seemed dormant, threatening high tariffs on major trading partners, imported copper, and pharmaceuticals? A better question is "why not?"

The big picture: Economic, market, and policy developments have been a wind at the president's back in the last two months. The threatened downsides of an erratic policy process have not materialized, and economic naysayers — for the moment, at least — look silly.

  • This backdrop helps explain why Trump feels empowered to follow his instincts, which have long tilted toward aggressive use of trade barriers.
Flashback: Three months ago, stock and bond markets were in freefall, forecasters issued recession predictions, retailers warned of empty store shelves, and the outlook for Republicans' signature tax legislation was decidedly choppy.

  • None of that is true today.
State of play: The unemployment rate is 4.1%, a tick below its April level. Inflation readings in April and May were lower than forecasters expected. (June inflation data starts rolling in next week.)

  • The stock market is hovering near record highs, and 10-year Treasury yields are below their levels on Inauguration Day in January.
  • While supply chains have been whipsawed by the on-and-off trade war, retailers have thus far been able to maintain steady availability of imported profits at normal prices. It reflects both pre-tariff inventory buildup and the willingness of suppliers and importers to absorb much of the cost of tariffs.
  • The One Big, Beautiful Bill Act was signed into law on July 4, a self-imposed deadline from the president that many in the D.C. smart set thought was unlikely to be met.
  • And while the Federal Reserve isn't cutting interest rates as rapidly or as much as the president would like, a September rate cut looks more likely than not.
Reality check: The U.S. economy is a big, complex beast. It will take time for companies to adapt their pricing and supply chains to the kinds of massive shifts in trade policy seen so far in 2025 — and promised in the weeks ahead.



  • The president has been quick to delay or adjust tariffs when the signs of pain become too apparent, evident in climbdowns on April 9, May 12, and this week.
  • In other words, part of the reason April's dire predictions have not materialized is that White House policies have adapted.
Of note: Just Tuesday, Trump threatened a 50% tariff on copper and up to 200% on pharmaceuticals.

  • The threats "had effectively zero impact on broader equity valuations, interest rates or the value of the dollar on Tuesday afternoon," wrote RSM chief economist Joe Brusuelas in a note.
What they're saying: "One gets the sense that although sector tariffs remain a risk to the economic outlook, corporate margins and commodity prices, investors do not believe that they are going to turn over the economy at current levels," Brusuelas wrote.

  • "Eventually," he added, "the laws of economic gravity will pull those valuations back to earth as firms' margins are compressed, inflation increases and real disposable incomes fall."
The bottom line: It's so far, so good for the Trump 2.0 economy.





Choke on it.
Click to expand...
Your can repeat the same op-ed piece you took from some blogger as many times as you want but it doesn’t change the reality, with Trump’s chaos the economy isn’t stellar with no signs of any meaningful change
 
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