LOL. Do you ever read or learn about this stuff? Trump 2.0 could be bad news for global inflation, analysts say Trump 2.0 could be bad news for global inflation, analysts say A second presidential term for former President Donald Trump could reignite global inflation as his America-first policies drive up costs across the world, analysts warned. The high tariff, low tax economic agenda, which defined Trump’s first term — and is inflationary in its own right — would prove even more damaging this time around, the analysts said, as the “inflation mindset” persists. “There’s a bigger risk that Trump’s policies will be more inflationary in a second term than they would have been in the first,” Michael Metcalfe, head of macro strategy at State Street Global Markets, told CNBC’s “Squawk Box Europe” on Tuesday.
Well, standard economics would say that you restrict monetary supply, which increases interest rates, to lower inflation. But I am interested in your new form of economics.
Just last year you started a thread about oil and the petrodollar and talked about how the devaluation of the dollar will cause inflation. Which one is it? Is devaluation good or bad? You're so blinded by partisanship that you will spin any argument to make Trump look good Another Loss for the US: Japan Breaks with Western Allies, Buys Russian Oil at Prices Above Cap
How things work: Interest rates are typically cut by central banks to stimulate an economy, i.e. to create a bit of inflation. Interest rates are typically hiked to reign in inflation or cool an overheating economy. He asked the question - because you again were backwards, implying a fed rate cut fights inflation.
Oil production is up since Biden took office (to higher levels than Trump's peak). Prices are also up. I'm not seeing the simple supply and demand here.
Supply and demand is not about one single issue. There are many things that goes into a healthy economy. Cheap domestic oil is part of it. Look at post #64. Consumer Confidence Index is down. People are not buying into this economy.
“Most economists believe inflation, deficits and interest rates would be higher during a second Trump administration than if Biden remains in the White House, according to a quarterly survey of forecasters by The Wall Street Journal. “I think there is a real risk that inflation will reaccelerate under a Trump presidency,” said Bernard Baumohl, chief global economist at the Economic Outlook Group.” https://www.wsj.com/economy/economists-say-inflation-would-be-worse-under-trump-than-biden-263bc900?st=mb4lrfooffqlvge&reflink=article_copyURL_share?st=q91pg7qe9qcmmcm&reflink=article_copyURL_share
You've got to tell that to the guy who said this was just simple supply and demand. He needs to know it is a little more than that.
Here are some graphs showing the effects of the China virus on our economy. US 2020 election: The economy under Trump in six charts US 2020 election: The economy under Trump in six charts
More on Trump's economy... https://www.wsj.com/articles/what-h...nder-trump-before-covid-and-after-11602713077
Pay attention. That is.already happening. Inflation Hits 12-Month Low 3% As Prices Unexpectedly Drop In June
More on Trump's accomplishments. Fact Sheet - The Historic Results Of President Donald J. Trump's Economic Agenda | The American Presidency Project
All of Biden's gains came on the crash caused by the China virus... Trump made hard gains with some increase to the national dept which is more a product of a RINO/Dems controlled big spending congress. Trump boasts the economy reached historic heights during his first term. Here are 9 charts showing how it stacks up to the Obama and Bush presidencies.
Rick, it's too bad you couldn't be on stage with the Trump, explaining this stuff to all those people wearing the fake ear bandages. That probably would have been informative.
This is one event prompted the Dems to take action against Biden. As if they never knew he was already in cognitive decline before he even got elected. Photos show Americans' horrified reactions to the Biden-Trump debate
Those fake ear bandages were silly. I would have put an American flag on it. Yeah, I say, "do what Trump did before on the economy and we win." Simple as that.
Best I can tell, Trump’s plan for oil this time around goes much further than anything he did during his first term. It appears he wants to drill to the point where our oil exports will dwarf Saudi Arabia’s and Russia’s many times over. Our exports will far exceed our own demand domestically. Drill baby drill sounds familiar, but he’s going to take it to levels unseen. That’s my read on what he’s saying.
