Trump 47 Economy

[Anonymous]

Even Fox News is reporting that our oil reserves are dangerously low and a price hike may be coming.

Of note, they don't do commending on Fox Business news articles? Or is that selective for when the news makes Republicans look bad?

https://www.foxbusiness.com/energy/us-oil-reserves-drop-towards-regan-era-lows-significant-impact-pump-coming-experts-warn

"US oil reserves drop towards Reagan-era lows, 'significant impact at the pump' coming, experts warn
US crude inventories could reach a multi-decade floor not seen since 1983"

[Anonymous]

Anonymous wrote:Even Fox News is reporting that our oil reserves are dangerously low and a price hike may be coming.

Of note, they don't do commending on Fox Business news articles? Or is that selective for when the news makes Republicans look bad?

https://www.foxbusiness.com/energy/us-oil-reserves-drop-towards-regan-era-lows-significant-impact-pump-coming-experts-warn

"US oil reserves drop towards Reagan-era lows, 'significant impact at the pump' coming, experts warn
US crude inventories could reach a multi-decade floor not seen since 1983"

*commenting, not commending

[Anonymous]

Anonymous wrote:

Anonymous wrote:

So Trump doesn’t care about affordability and Americans’ financial situation and Trump loves the inflation.

I thought MAGA voted on grocery prices and concern about inflation? What am I missing here??

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

So Trump doesn’t care about affordability and Americans’ financial situation and Trump loves the inflation.

I thought MAGA voted on grocery prices and concern about inflation? What am I missing here??

MAGA is a cult.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

So Trump doesn’t care about affordability and Americans’ financial situation and Trump loves the inflation.

I thought MAGA voted on grocery prices and concern about inflation? What am I missing here??

MAGA is a cult.

100% MAGA is a cult of the dumbest people on earth.

[Anonymous]

After he announced “I love inflation”
He said “““I can say it now — something you didn’t know,” Trump said. “Did you know we’ve been taking out millions of barrels of oil? Nobody knows it. You know who doesn’t know about it? Iran, until right now.”
Never one to play his cards close, Trump then proceeded to explain exactly how the U.S. concealed the operation.
“We took out, the other night, 22 ships. Late at night, with no lights,” he said”

Kinda think that’s a lie

[Anonymous]

Anonymous wrote:After he announced “I love inflation”
He said “““I can say it now — something you didn’t know,” Trump said. “Did you know we’ve been taking out millions of barrels of oil? Nobody knows it. You know who doesn’t know about it? Iran, until right now.”
Never one to play his cards close, Trump then proceeded to explain exactly how the U.S. concealed the operation.
“We took out, the other night, 22 ships. Late at night, with no lights,” he said”

Kinda think that’s a lie

It is almost certainly a lie. Everything about Donny is a lie.

During the election, he literally went on national TV with misspelled signs and a table of groceries to make the point that inflation was out of control under Biden…..but now he loves inflation?!?! You really can’t make this lunacy up.

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:INFLATION AT 4.2%

Which also means no rate cuts any time soon for those buying homes, cars, etc

“Home sales surge to the fastest pace this year despite rising mortgage rates, prices”

https://abcnews.com/Business/wireStory/us-home-sales-surge-fastest-pace-year-despite-133713775

All this says is that it’s spring now and not winter.

If you read the article you would have seen the “higher than expected” part.

Home sales. This isn’t iPads or mountain bikes, it’s massive financial decisions.

Everyone is going to be okay.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:INFLATION AT 4.2%

Which also means no rate cuts any time soon for those buying homes, cars, etc

“Home sales surge to the fastest pace this year despite rising mortgage rates, prices”

https://abcnews.com/Business/wireStory/us-home-sales-surge-fastest-pace-year-despite-133713775

All this says is that it’s spring now and not winter.

If you read the article you would have seen the “higher than expected” part.

Home sales. This isn’t iPads or mountain bikes, it’s massive financial decisions.

Everyone is going to be okay.

lol

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:INFLATION AT 4.2%

Which also means no rate cuts any time soon for those buying homes, cars, etc

“Home sales surge to the fastest pace this year despite rising mortgage rates, prices”

https://abcnews.com/Business/wireStory/us-home-sales-surge-fastest-pace-year-despite-133713775

All this says is that it’s spring now and not winter.

If you read the article you would have seen the “higher than expected” part.

Home sales. This isn’t iPads or mountain bikes, it’s massive financial decisions.

Everyone is going to be okay.

If you actually read the article, you’ll know it’s filled with loaded language for clicks. The media is desperate to drum up consumer confidence, but the big picture is still looking lackluster.

“Home sales have been mostly hovering close to a 4-million annual pace going back to 2023, far short of the historic norm that is closer to 5.2-million.

Sales rose last month even as mortgage rates have continued to mostly trend higher this spring, although they remain below where they were a year ago.”

[Anonymous]

May Initial Jobless Claims
229 vs 220EST

Producer Price Index (PPI)
1.1% vs .07EST

[Anonymous]

and with that, stock futures just fell off a cliff

[Anonymous]

Will Kevin Walsh suggest a rate hike, or not? There will definitely not be a rate cut with these numbers. Ge can't do a hike with what came out yesterday in CPI and now today's PPI. Additionally, CNBC is saying that these gas prices add an extra $20.00 a week to the gas tanks. Twenty dollars weekly adds up fast.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:INFLATION AT 4.2%

Which also means no rate cuts any time soon for those buying homes, cars, etc

“Home sales surge to the fastest pace this year despite rising mortgage rates, prices”

https://abcnews.com/Business/wireStory/us-home-sales-surge-fastest-pace-year-despite-133713775

All this says is that it’s spring now and not winter.

If you read the article you would have seen the “higher than expected” part.

Home sales. This isn’t iPads or mountain bikes, it’s massive financial decisions.

Everyone is going to be okay.

If you actually read the article, you’ll know it’s filled with loaded language for clicks. The media is desperate to drum up consumer confidence, but the big picture is still looking lackluster.

“Home sales have been mostly hovering close to a 4-million annual pace going back to 2023, far short of the historic norm that is closer to 5.2-million.

Sales rose last month even as mortgage rates have continued to mostly trend higher this spring, although they remain below where they were a year ago.”

So weird because the media 2-4 years ago was determined to convince America that we were in a recession when we weren’t close to it. 🤔