ScottS said:
RD2WINAGNBEAR86 said:
ScottS said:
RD2WINAGNBEAR86 said:
KaiBear said:
RD2WINAGNBEAR86 said:
KaiBear said:
RD2WINAGNBEAR86 said:
Oldbear83 said:
You would have more cred right now, if you had not been so wrong about what condition our economy would be right now.
So our economy is booming? Please tell us more. I sure wish the Donald would send me that tariff rebate check he has been promising!
Yep, it's Trumps fault you chose to retire early.
Actually, Joe Biden and the Covid cluster **** convinced me to retire early. My only regret is I didn't do it sooner.
Back to my question. Do you think the economy is booming right now? A simple yes or no will do. You shouldn't feel attacked or insulted by the question.
I think the economy is neither booming nor crashing.
Not defensive....merely weary of your hysterics. Been ongoing since last spring.
However if mortgage rates do not drop to at least 5.5 % by the end of the year. the economy could be slumping the 1st quarter of 2026.
Dems know this....so they will fight rate any drop before the end of 2025.
Actually, I am hoping Powell cuts rates 1/4 to a 1/2 point in September due to obvious weakness in the economy. A jump in inflation will put the FED in a very tough spot. Weak job growth coupled with rising inflation.
Tomorrow should be pretty comical. The Consumer Price Index comes out and it will show accelerating inflation.(Who saw that coming?) Trump will raise Hell and fly off the handle claiming the inflation numbers are fake!
Biden's economic albatross was the Inflation Reduction Act. Trump's economic albatross is his tariffs. Both will end up yielding the same net result.
RD2,
Did this happen???
Nobody is happier than me that the CPI numbers came in cooler than expected. Inflation up only slightly. The markets are booming.
Laissez les bon temps rouler!
RD2,
I am curious how you came up with your prediction as you were very confident that accelerated inflation was gonna be in those numbers.
My opinion on tariffs has not changed. Just takes a while for the negative impact to hit the economy, which it will. Most small business owners have not raised prices yet but most are warning that price increases are coming.
The good news is that I think Powell can go ahead and cut rates 1/4 of a percent with zero impact either way. Maybe we will get our tariff refund checks in time to buy Christmas gifts. I hope so.
So now Trump is going to sue Jerome Powell if he doesn't get his way. Not surprised.
"Many people die at 25, but we don't bury them until they are 75." -- Benjamin Franklin
