Weakest since Trump's last months in office. It is almost like he has no idea what he is doing or how to grow and economy. The USA is Trump's new business that will tank. |
There was also a global pandemic that economy was recovering from. You know, the one Trump bungled and left the country in economic ruin? |
I am glad I am mostly a vegetarian now. |
We import a lot of Brazilian beef which is now 50% more. |
Trump’s excuse? That he’s a barely literate conman who skated by on Daddy’s money and still went bankrupt multiple times. Elect a moron and reap the consequences. |
So much winning. |
This is the reset needed. No more taking advantage of the U.S. trade tariff deficit. We also need lower interest rates. Jerome Powell is the final obstacle standing in the way of broad economic growth. The Fed must act decisively.
To restore historically normal consumer borrowing costs from the 2010s, the Fed should cut the federal funds rate by 1.5 to 2 percentage points, bringing it down from the current 4.25%–4.50% range to about 2.25%–3.00%. That would put us back in line with the credit conditions that supported stable, affordable growth throughout the last expansion. Here’s what that reset should look like, based on actual borrowing norms from the 2010s: Mortgage rates: Target 4%–4.5%, consistent with the 2013–2019 average Credit card APRs: Target 11%–13%, matching typical prime+margin levels pre-2020 Auto loan rates: Target 3.0%–4.0%, as seen from 2012 to 2018 for new 60-month loans These are not aggressive or speculative figures. They reflect what everyday Americans experienced when monetary policy prioritized economic recovery over inflation fearmongering. It’s time to stop penalizing borrowers and start rebuilding a healthy, credit-driven economy. A 1.5–2 point cut to the Fed rate is the minimum necessary to return to those conditions. |
This will spike inflation even more. Interest rates aren't the problem. The Moron-in-Chief's economic policies finally taking hold is the problem. |
They will have their student loans put into collections as well. Trump's government is all about taking money from people and business. |
Inflation is not surging—CPI is holding around 2.7% and core inflation is steady. The Fed is behind, keeping rates too high while wages cool and growth stalls. Tariffs aren’t causing broad inflation either. It’s time to cut through the excuses. Every American should demand lower interest rates now—on mortgages, car loans, credit cards, and business credit. You deserve affordable credit, stable prices, and real economic growth. Raise your voice. The Fed works for you. |
Did you get your econ degree from Trump University? Serious question. Or did you just copy/paste this from somewhere. Because what you are posting has no basis in reality. |
That inflation data does not reflect reality. Prices are increasing fasting than that. And there have been numerous reports about companies OFFICIALLY going forward with price increases now that the moron's "trade deals" are going into effect. You are naive. |
#winningatlife |
+1 It is still too early to see tariff impact as companies purchased excess stock in advance, anticipating tariffs, so have been able to sell off without raising prices. In addition, companies took a slow and measured approach to raising prices given Trump about faces on every tariff decision so absorb initial impact to see if they can wait him out before raising prices. |
Also important to note that health care and social assistance accounted for essentially all job growth in July. If it hadn't been for that sector, employment would have fallen slightly. More evidence this is tariff impacts. |