We agree on a lot of points, so I apologize for the call out. Where we disagree is you keep saying that because inflation was hot for 2 years, that general deflation is a reasonable expectation for Joe Consumer to have. Yes it cost us the election, but that doesn't mean all the people who want their 2019 prices back are correct because they aren't. Agreed that Harris ultimately failed in the "messaging." It's a tough nut to crack.Its decent courtesy to at least mention/tag me. I'm trying to explain a point - telling someone that "you've solved inflation" while prices are still high doesn't sound like you've actually solved anything. Telling someone how inflation is actually good for them isn't exactly comforting.
I'm no economist, but it's known fact the ~2% rate target which has become gospel is a relatively new number (officially set in the US since 2012) which was essentially just invented almost arbitrarily in New Zealand without any real science behind it.
Short term price corrections are perfectly normal within any basket of goods. The reason CPI is 2.1% is that many items have gotten cheaper over the past 15 months.
I'm not going to flog this horse any longer, we'll just agree to disagree.
If he deports 10M people, there will be massive social unrest and economic fallout. A global trade war will suck for everybody. But there are Trump's plans, and there's reality dictated by his oligarch masters; and we have no idea how they will intersect. Unfortunately, he's gonna hire a lot of shitty people in his administration and nobody will dare tell him no.Yes, and I assume that the fed will cut less than intended in the long run, as Trump's actual plans are inflationary.