https://twitter.com/zerohedge/status/1963945994111918259?s=46
Jobs come in below expectations. Overall a pretty shitty report. A 50 point cut is now on the table. Also, Trump needs to start thinking about cutting some checks with that new found tariff revenue if the economy slows. Tariffs are anti-growth, not inflationary and the FED is behind the curve again.
https://twitter.com/zerohedge/status/1963945994111918259?s=46
Jobs come in below expectations. Overall a pretty shitty report. A 50 point cut is now on the table. Also, Trump needs to start thinking about cutting some checks with that new found tariff revenue if the economy slows. Tariffs are anti-growth, not inflationary and the FED is behind the curve again.
So it's time to find yet another BLS leader?
https://twitter.com/zerohedge/status/1963945994111918259?s=46
Jobs come in below expectations. Overall a pretty shitty report. A 50 point cut is now on the table. Also, Trump needs to start thinking about cutting some checks with that new found tariff revenue if the economy slows. Tariffs are anti-growth, not inflationary and the FED is behind the curve again.
You think he'll have his name on them this time?
Why wouldn't we be paying down the debt with all this new found money?
@boogie I disagree with snarl. I think tariffs can cause inflation. I do wonder if people are broke enough to use a stim check to survive vs Xmas gifts tho
Trump is handling this...by firing anyone who would dare put out the report.
.
Trump is handling this...by firing anyone who would dare put out the report.
He's now saying we won't see any real numbers until next year.
(This post adds value.)
@mcm666 you think his name will go on checks?
He'd be making a habit out of free cheese if this were to happen.
@boogie for sure. There’s a difference tho between lasting benefits and a one time ameliorative act. The problem here is that it might literally be a bandaid. What condition is temporal and will improve? None I see. Covid should have been an example of a one time unpredicted need. I don’t see how the condition our gov has now created subsides any time soon. I think it’ll get worse. So what’s the point of sending out a check. In 2 months people will be in the same boat
@boogie because nothing stops this train, buddy.
https://twitter.com/stealthqe4/status/1963764187827421446?s=46
@mcm666 you can disagree, but it won't matter. It looks like the 10 year might drop below 4%. Not bullish for inflation.
@snarlcakes he has been strong arming companies into eating tariffs. That is not going to last forever.
@snarlcakes he has been strong arming companies into eating tariffs. That is not going to last forever.
He tried to play the "price gouging" card but it didn't work.
@arthur-dent you and Murt miss what causes inflation. It's not tariffs or increasing taxes. Thankfully, we're running the experiment and we get to find out the answer.
@snarlcakes you are locked into one and only one cause. High wage hikes cause inflation, back in the 90s the Fed watched that tightly. Shortages cause inflation. Iowa has a drought, corn and pork will shoot up. Tariffs cause inflation if companies pass on the cost. What do you call it if a company pays 30% and passes it to consumers?
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