Comment by JohnFen
17 days ago
> They buy flour, they buy gas and they pray their car doesn't break down.
All of which are going to get a lot more expensive, too. We all swim in the same pool here.
17 days ago
> They buy flour, they buy gas and they pray their car doesn't break down.
All of which are going to get a lot more expensive, too. We all swim in the same pool here.
I don't see that happening. As a matter of fact, I see staples such as flour going down in price.
That is a stated goal of the administration.
As of the time of this writing WTI is down nearly 7%. Expected, goal seeked and by design.
Certain products might go down in prices as retaliatory tariffs come into effect.
But again you’re missing all of the second-order effects, like people losing their jobs in the resulting contraction of demand.
You have a wildly simplistic view of the economy that ignores all of the well-understood second order effects that are inconvenient to your argument.
We'll see. I don't see any real path to the improvements you expect, but time will tell.