Quote:
Originally Posted by TheSquealer
inflation - one of Bladeliars big "yeah so the economy is growing, but thats bad" arguments is also at 2% which is quite low.
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Gas alone has gone up 30% the last 18 months
The fed has raised interest rates 6 times the last 18 months. Under 8 years of Obama rates only went up once.
Inflation Is Coming Thanks to Trump’s Tariffs | Bloomberg
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Steel prices are up more than 40 percent since Trump said on March 1 that he planned to impose a 25 percent tariff on steel imports and a 10 percent levy on aluminum. That is a significant increase that has yet to be passed through to consumers. But it will, and when that happens, potential risks to both the stock market and the economy increase dramatically.
As steel prices rise, it makes major appliances, machinery, trucks and cars, and construction more expensive. Guess what that does to the price of eggs, bacon, milk, orange juice and coffee? Aluminum is in everything from transportation to packaging to cooking utensils. When steel and aluminum prices rise, so too do the prices of refrigerators, dishwashers, stoves — and the cost of your lunch."