The Bureau of Labor and Statistics (BLS) released the December price information on Tuesday 1/13/26 [DATA HERE]. Overall, the topline inflation number is moderate at 2.7% much lower than economists projected.
However, that’s not the only important element. To get an understanding of the impact from tariffs to imported consumer goods, you can look at TABLE-2 [DATA HERE]. As you skim the categories we import the most, electronics, television, sporting goods, apparel, shoes, tools, furniture, etc. what you will note is that the prices are stable with negligible inflation impact noted.
What this means is that tariffs are not creating any upward price pressure on the imported good. The December ’25 imported good prices are stable despite massive tariffs applied in the second and third quarter of 2025. As expected, based on history from 2018/2019, the exporting nation (and company) are absorbing most of the wholesale price increased due to tariffs.
The imported goods are reaching the consumer with no substantively changed price. Some domestically generated goods (food and housing) are still driving the overall inflation number, particularly in the year-over-year calculation, but no substantive price pressure is coming from the import sector.
Export dependent nations are squeezing their own productivity, their governments are subsidizing the critical industries, and the tariffs are being absorbed before the products leave the docks. This is the USA “rust belt” in reverse. The same scenario played out in the USA for decades as domestic manufacturers tried to retain U.S. industry. Now the foreign countries are experiencing their own economic squeeze.
President Trump has been cutting waste, fraud and abuse in runaway government spending; slashing costly regulations across all sectors of the economy and ending Green New Scam energy policy in favor of drill, baby, drill. As noted by NEC Chairman Kevin Hasset, Trump has reduced deficit spending overall.
There’s still a long way to go, but significant MAGAnomic progress is being made.
That skyrocketing “tariff inflation” the same shocked pundits proclaimed was sure to happen this time, well, that has not surfaced; just like it didn’t surface in 2018 or 2019 when the tariffs were applied the first time.
It was Joe Biden’s economic, monetary and energy policies that created two years of massive inflation. That inflation skyrocketed the cost for goods and services. Those high prices became the baseline and were then handed to the entering Trump administration, under the narrative of the “affordability crisis.”
Having gaslit the American electorate over the issues of Joe Biden’s economic/energy policy which created record inflation, the same media who ran cover for Joe Biden then switched during the Trump administration to calling the subsequent high costs an “affordability” crisis.
In essence, Biden’s economic, energy and monetary policies drove 2021/2022 inflation to record levels, this made all prices rise massively. Those high prices are now the “affordability problem” all U.S. consumers are dealing with.
You are going to ruin the Democrats’ talking point narrative.
And some Republicans.
I like to call them Blue Republicans..
That’s from a lack of oxygen to the brain.
And you’re going to ruin my dinner if I read this to my TDS suffering wife! She’ll respond that the numbers keepers were all replaced, so what did you expect.
Facts? We don’t need no steenking facts. Bet this is one thing she won’t try to blame on The Donald.
I see you have the same problem I do. Orange man who is literally Hitler could cure cancer and my wife would still hate him. I guess some people just want something to be unhappy about. I can’t explain it.
Demonic possession explains it.
It’s called “liberalism”, Pyrran. They are perpetually unhappy.
She seems like a mostly very intelligent woman!
I feel sorry for you guys with TDS wives, it’s miserable to have my brothers and sisters, but I don’t have to live with them. Maybe talk to them about the weather. Convincing TDS syndrome spouses they could be wrong only reminds them, that they don’t hate enough. But seriously your lives must be hard to not be pissed all the time.
Yes, the numbers keepers have all been replaced, they’re all busy now at gas stations changing the downward trending fuel numbers almost daily!
Yeah SD be needing a spanking…
Didn’t ole Jerry Powell cite the reason to keep interest rates high was because President Trump’s tariffs were nonsense and would only create an inflationary environment…hence keeping the rates high?
He’s a political pawn of the left and media…regurgitating the worn out economic doomsday…
Enjoy Prison…
Political pawn/partner in crime of the UniParty.
He deserves a lengthy prison sentence and heavy financial penalties.
Thank you, thank you, thank you.
I bang on deaf ears here in MA; Powell is hiding behind the potential ‘effects of tariffs’ yet, they don’t come to fruition for him.
I know how you feel. I, too, bang on deaf ears here in Massachusetts. I am disgusted by the PSYOPS from all the news media. I can see that the governor is using any and all means of ruining the economy of this state, keeping crime as high as she can, putting illegal immigrants before American citizens who are happy to bend the knee for illegal aliens. To them, they are the “compassionate Americans.” The foolishness is hard to bear.
milton friedman was the last truth telling economist and he had a LOT of truths to share about “inflation”.
inflation only has one possible cause: the manipulation of interest rates. nothing else causes inflation. He said that many years ago in lecture and in some of his books. He elaborated why this is true and made comments about the reality of why the fed (and all other central banks around the world) manipulate interests rates. He did not beat around the bush. It’s simple fraud that is developed to give and preserve the wealth and power of the largest banks. At the expense of, and directly to, the value of money itself.
inflation has no other cause. most people just don’t understand this because we were taught (mostly by idiots or very corrupt people who intentionally mislead US) that supply and demand creates inflationary conditions…..but this is conflating two entirely different factors and pretending they are the same. Supply and demand dynamics do indeed create price changes. but that is not inflation. the effects may appear to be the same, to the consumer, the buyer and to the sellors, but supply and demand has nothing to do with interest rates….interest rate manipulation causes inflationary (or in some cases deinflationary) conditions. Supply and demand cannot and does not do that.
the fed and quasi public and private central bank acts solely to preserve the wealth and power of the largest banks. that is why it exists…no other reason. in this era, the fed has taken its action to manipulate interest rates so that banks can develop profit margins at staggering levels more than at any other time.
President Trump is right on this subject. interest rates are crushing the real economic engine..the people…and he’s right to put pressure on credit card companies who charge ginormous credit rates. There is no reason other than pure greed to have interest rates this high.
God Bless America
It pretty much preserves the wealth of all banks and our money that is in them. We’ve not had a bank run that wiped out peoples’ savings in my life time.
Inflation is caused by the Government spending 2 trillion more than it takes in with taxes. All that money is extra money chasing goods and services and causing inflation.
Thank you regitiger. That was very informative.
Once again Retiger Spot on.
https://archive.org/details/pdfy–Pori1NL6fKm2SnY.
The book above explains how the FED was illegally created Christmas night 1913
milton friedman was the last truth telling economist and he had a LOT of truths to share about “inflation”.
And yet, with all of his insights about economic policy, he remained steadfast in his opposition to tariffs of any kind. I would have thought that his understanding of how central banks manipulate interest rates he would have been better able to see the connection between the banks that control the interest rates, their incestuous relationship with governments. Free trade requires a level playing field. Tariffs help to keep that field level by correcting any undo influence by either the governments or the banks.
yes, Milton was very bright, but he missed the actual impact of tariffs by a long shot. It’s odd, because he was in my view, well ahead of his time.
for example…what he failed to address (and perhaps he did understand but dismissed because of his preference for a lasie faire type economic principle…which is quite nieve and incomplete that never actually works in the real world)…is that tariffs often have zero impact on prices domestically. It’s a strange outcome of several factors that he didn’t seem capable of elaborating in any of his writing or lectures. But we know these factors and certain conditions can have a completely different impact on prices.
for example:
the basic premise that leads most meatheads to insist that tariffs force inflationary conditions are based on essentially two factors: that tariffs are a sort of tax on imported good that leads to higher prices to consumers/business AND that because business face higher input costs (the cost of manufacturing goes up), then these costs are passed along to domestic consumers. These are the two simple factors used to argue that tariffs drive inflationary, undesirable outcomes to domestic consumers and businesses.
but that isn’t a complete way to estimate the actual impact of tariffs.
there are (as we are witnessing, not once now, but also reflecting back in the first President Trump term when he applied tariffs we got the first example where the standard arguments against tariffs fell apart too. and here is why
the counter argument that tariffs do not create inflationary (or better stated, price increases, cost increases…because again, inflation is not the consequence of supply and demand dynamics…inflation only has one driver: manipulating interest rates…the fed does that…no other thing can cause inflation…period….Milton was smart enough to get that correct, but as I will illustrate, he failed to truly wrap his head around the counter arguments of tariffs:….and these are:
Demand Shock – the phenomenon that occurs due to the uncertainty of the impact of tariffs can be best described as consumers and businesses are uncertain about the impact of tariffs and thus they delay spending and even investment and purchasing. this reduces overall demand and forces prices down. this is not often mentioned…
Supply-Side effects – whether tariffs actually drive costs up, or whether they are perceived to do so, has a very real impact on lowering “inflation” (prices actual drop is the better way to describe this). Although his can sometimes lead to higher unemployment. sometimes is the key phrases…there is no precise law of economics that can predict lower unemployment as a consequence of supply side effects.
Other offsetting factors: broader energy costs and money supply can offset some and often all of the real or perceived costs of tariffs. I think this is one of the reasons we are seeing President Trump demand the fed drop the rates (creates more liquidity) AND he has established a trade policy that places more emphasis on building the US energy industries…Venezuela can suck it….! (these are not coincidental policy and command leadership decisions..they are all linked together and we should at least have an appreciation for a very stable genius running the US like a solid business man.
partial or complete pass through: this often gets ignored. Sometimes, domestic businesses will not pass the rising costs of trade/manufacturing along to the consumer. They will eat the premium, because they not afford to allow competition to eat away at margin. think of it somewhat like a loss leader method of keeping consumer loyal. sometimes these businesses believe the policies to be temporary and thus they do not pass on the higher costs …some of this can be attributed to not desiring to have the business model entirely draped around a particular political agenda. Business like to at least pretend to have some level of independance from a national trade policy agenda, such as tariffs. We can see this as we did before in the first term, because frankly none of the major corporations in the US are making a big deal and selling the fable “the sky will fall”. Nope they are silent for all the right reasons. the tariffs are not creating a hot mess, profits remain at or near record levels, competition has fallen significantly as they refuse to pass on higher costs. voila’. Big business is not stupid.
TLDR:
“In essence, tariffs are a tax that pushes prices up, but the resulting economic uncertainty and reduced spending often counteract this, leading to a complex and sometimes surprisingly muted effect on overall
inflationcost changes”like most things, the actual outcome is not determine by the policy, but by the timing and execution coupled with the agility to make changes as things develop. President Trump has introduced the world to what actually does make a country great simply by applying very smartly executed policies and also monitoring those results and consulting with big American companies. We have not had such a President in my entire lifetime who has managed from the front in this way. It’s impressive. The media cannot understand this because they refuse to give him credit because orange man bad syndrome…but also because the media are a bunch of meatheads who are school smart and world stupid.
God Bless America
They keep saying that but there is absolutely no data to prove their case. Because the actual data disproves what they are claiming.
And, United States GDP experienced significant growth, with an annualized rate of 4.3% reported for the third quarter of 2025, reflecting strong consumer spending and a narrowing trade gap!
This needs to be emphasized repeatedly because I’m sick of hearing tariffs are responsible for all of Americas problems .
So now even with this…the Supreme court will probably say it has been unlawful for President Trump to do it.
And if that’s the case… Companies are going to demand payment back.
It’s the only way they can stop him…and the economy right now.
And that’s when you tell the Supreme Court to go to hell.
Ignore the “supreme court”.
If the Supreme Court strikes down the tariffs, and if President Trump obeys the Supreme Court opinion, then the economy will collapse. America will plunge into chaos. That’s a nightmare scenario.
There are plenty of UniParty cretins who are rooting for just that outcome. The Dems believe that’s the Cloward-Piven outcome that will give them absolute power. The RepubliCons believe they can make money from that outcome.
Both sides of the UniParty believe that they could lay the blame for such an outcome on President Trump.
I pray that SCOTUS upholds the tariffs. If they don’t, I pray that God will give President Trump the courage to defy the court. Throughout, may God bless and protect President Trump and the citizens of the United States.
I recall Bessent saying they have a ‘Plan B’ if SCOTUS shoots down the tariff enforcement currently in place.
I doubt they will do it, but the votes will definitely be 5 to 4. Tariffs have to stay. It was constitutional when the founding fathers and its constitutional now. Current law can never overturn the constitution. Plus removing tariffs will make a lot of companies that are moving to America and back out. Tariffs was what they even came to Buils here. If the court does that, they’d be interfering with the economy and crashing our country. There’s too much at stake
I think the issue that will be argued is more than whether or not tariffs are constitutional recognized. they are for certain constitutional established.
The arguments we should expect to be presented is whether tariffs are defined as a tax or are they different than tax.
why is that argument important. Well, one argument says that if tariffs are taxes then ONLY congress may authorize them. That is a bill must be voted in Congress to authorize them, even if ultimately the same bill gives the President the authority to exercise them just the same. And if a tariff is not a tax, but a form of executive foreign policy power to maintain US protection and power, covered by national security authorities that only the executive can flex, then . the President has primacy and Congress less so. Scholars and cheap suits will argue both sides of the tariff definition and I would imagine scotus will take the position that these are not taxes. A tax is imposed on domestic business. The record will show that the impact of tariffs have not created a tax like effect on domestic business or consumers. The record will show that the impact of tariffs has started to rebalance trade deficits that have been ignored for decades and have created serious national security/economic security problems that this President campaigned on to solve and that he is doing just that. I prefer the national/economic security “protectionism” argument. Otherwise, how do we explain how obama unilaterally described his health care fubar as essential and SCOTUS ruled that was not a tax. and now we see Congress basically correcting both by making new law to continue funding Obama care, which is what should have happened before that hot mess got off the ground. So Congress can go pound sand if they insist this is a tax issue, these tariffs..and likewise, SCOTUS can suck it is they expect us to believe they can remove the fundamental constitutional power of the president by pretending this is not a national/economic security problem that the President has the authority to implement trade policy to protect the interests of the United States.
no matter what it’s going to be humdinger set of arguments for and against. I’ll be watching closely and I am certain Sundance will have keep up informed and write expertly on the subject.
God Bless America
This implies that accomplished economists are feckless morons.
No, most are just liars.
Both can be true at the same time……
Arrogant and Ignorant, It’s a bad combo.
Arrogant ignorance is a disease of the soul that afflicts most politicians. It’s what makes them so dangerous.
And like history, it even rhymes…
…and political operatives. Didn’t Powel lower interest rates in October 2024? Wonder what the economy was doing? Wonder why that is “normal” right before a major Presidential election.
I disagree – they are
‘Feckful’ morons – powerful idiots!!!
(Sarc)
The best lesson everybody those not already in the know can learn is that to counteract inflation or “affordability” one must acquire assets.
Assets are the hedge against inflation but of course that is not taught in public schools to the masses because that would be a threat to the uniparty.
Depends on the asset….
Agree, although in far too many cases public schools don’t teach economics at all. Can’t overburden the minds of our wee ones with such torturous tasks as basic math.
They do not teach a lot of things as the goal is indoctrinating individuals into a bunch of drones with no capacity for critical thought. Outliers that manage to escape the process are attacked for not being like the rest of the herd.
Obviously they’ve given up on basic biology as well.
Assets give their owners stability and independence.
That is precisely why the WEF goal was to urge the ignorant masses to “Own nothing and be happy.”
Economic Security Is National Security.
President Trump keeps showing he knows what he is talking about. Winning.
For US.
Deal with it you dastardly globalists and your pets the media!
🤣😁👍
Multinationals losing a fraction of their exorbitant profit margins with just a modest reciprocal tariff policy. Oh, the humanity! /s
IKR, God forbid they have to hire some more U.S. citizens instead of foreign replacement labor.
Can you see why we were drowning in illegal immigrants? They (those who actually work) are paid substandard wages under the table.
It’s the age old battle between people who work for a living and those that vote for a living.
What might be a good outcome once these connivin’ varmints hit the brick wall:
Their MALFEASANCE MONEY (TM) will dry up. If they have to prop up industry,
they might have to cut back on things costing them massive outlays. Migration,
for starters.
domestic corporations AND multinationals are making at or higher record profits in history.
that is kind of interesting isn’t it?
but the more important and fascinating development is that in record time in this same segment of time, President Trump has significantly decreased the trade deficit..
these are facts that anyone can verify. So when we observe the media and left radical meatheads raging against orange man bad, the dictator, nazi, mysogonistic, king, and basically responsible for cats and dogs sleeping together…one has to realize quickly and often: these are unstable unreliable morons and reprobates. And I will be very frank about these sorts of people…yes, I will defend their right to speech and be wrong all day long when they make these obviously outrageous and false claims. But I will also note that these same people do hold a significant sway over the perceived opinions about this administration, about this country, our military and in my opinion, that is a far greater threat to the stability of our country …more even that even any possible influence from China itself. I am being absolutely serious about this matter. we have scores, millions of Americans who live here who believe what the tv is telling them …and that is going to cause more problems, more violence and less productivity that any outside threat could ever dream of starting. We do have a domestic enemy within our borders and its made it’s agenda clear: we will lie and cheat and steal and manipulate the narrative even at the risk and direct impact of dividing his nation and forcing one against the other. This cannot be tolerated for much longer. Yes, freedom of speech, but also consequences for telling lies and manufacturing fake news. That has to end. It’s main stream now and it’s going to keep the United States back away from where it deserves to me…GREAT AGAIN.
I don’t have all the answers to solve that, but obviously we cannot continue to give these people more space and oxygen. They really have to be definanced and displaced from access to this kind of tyranny. Maybe President Trump and his administration should seriously get onboard with removing licenses from some of these corporations who have done so much harm to the United States. I would personally like to see a ban on BBC and REUTERS in particular. It could be done. It should be done. freedom is speech isn’t the freedom to sow discord and lawlessness and openly defy the President and this nations interests. No other country tolerates that kind of media. We should do the same.
God Bless America
And apparel, usually imported, is 0.6.
A few days ago Sundance posted and article that the trade deficit fell and that a significant portion of the reduction was an export of gold and silver out of the United States. I replied that the export of precious metals didn’t sound like a good thing.
https://old.bitchute.com/video/AVlmvgkYOAJJ/
Numismatics is not bullion!
Need a link to support the claim they are all numismatics. There was enough gold and silver by weight to play a large part in lowering a trade deficit like ours by such a significant amount. This happens while the Mint is having its problems–If you gone there, check the link in my reply. This could be Sovereign Debt Crisis that was brewing last year.
Sorry, since Commerce Department emphasized the gold/silver exports as the main contributors to the drop, the export WAS bullion. I’ll check Commerce data now since people respond to AI as being automatically suspect.
AI Overview
Yes, the “high value gold and silver” that contributed to the recent sharp drop in the U.S. trade deficit was primarily non-monetary gold bullion.
This shift was largely due to the reversal of an earlier investment trend driven by fears of potential tariffs.
While this gold movement made the trade deficit appear much smaller in nominal terms (a 39% drop in October, for instance), the underlying trade picture for other goods and services was less dramatic. Economists generally view these large, one-off gold shipments as an unusual factor that clouds the true trade picture.
Show all
Can someone send this to the SC to make sure they are not inhaling the DS BS about tariffs………..
Can you imagine KJB even understanding any of the basics or information.
It would have to written in crayon, multiple colors on large poster board. Everything is available at Walmart. A 3rd grader would then explain it to her. No problem.
She doesn’t need to be capable; she simply has to vote as her DEI handlers tell her to.
I see endless social media content where even non-political creators bring up the tariffs and how they are making everything too expensive.
Yes, there’s been a huge media push to shape this narrative, but it seems to have worked with the mostly economically illiterate American public.
I never met an economics student who transferred into the physics department.
You are correct. They transfer to weather reporters.
reminds me of an joke.
major corporation is looking to hire and the first person to interview is an mathematics guru
what is 1+1 ? the math nerd says it is EXACTLY 4.0 no less, no more.
second person to interview is a statistician.
same question, what is 2+2 ? stat geek replies it is 3.8 to 4.2 depending on how your measure the question.
and then last is the accountant.
what is 2+2?
he leans over the desk, and looks around to see if there is anyone looking and quietly replies:
what would you like it to be?
the selection process was never looking for the best or even the right answer. it was looking for the guy that could PLAY BALL.
God Bless America
Sept. 9, 2024 (prior to 2024 election, trying miss influence voters – without saying it)
Context: Trump had mentioned improving border security and placing tariffs on countries imports to the U.S. along the 2024 campaign trail.
And here is a sample of the cable media would say, and repeat, repeat, repeat:
DAVID FABER: What does happen when you put tariffs on, on goods and you and you stop immigration and forced migrants to leave? In terms of wages.
JIM CRAMER: Well, unless you’re Hamilton. I’m kind of against it.
DAVID FABER: Isn’t that (tariffs) going to be inflationary?
JIM CRAMER: Of course! Of course!
DAVID FABER: Is it a one time though and then–.
JIM CRAMER: I don’t know. I mean when you see tariffs like that, obviously you think about 1929 to 32 ( U.S. depression) and realize how wrong they are.
https://www.mediaite.com/media/news/cnbcs-jim-cramer-mocks-massively-inflationary-trump-plans-he-says-would-cause-economic-disaster/
The experts have quietly moved on from that wrong prediction…
p.s.
I heard one person that liked investing and mentioned in 2023 that thought of Cramer as a savant, where someone demonstrates exceptional aptitude in a domain (financial).
Someone calmly disagreed.
Explanation for disagreeing:
Past performance is not a sure indicator of future results.
Things change, over time.
Example:
A baseball batter can be thought of being a great hitter.
The batting average may 30% (.300 +)
Yet, each future at bat performance, is far, far from a sure thing of getting a hit.
Relatively, it may be better chances than another batter. But, absolutely, it is not a sure thing ( 70% chance of no hit )
No one disagreed.
Savant – related to cramer – was not used again.
But, I think that someone still leaned on that advice.
Cramer is the perfect financial inverse barometer.
Do the opposite of what he tells you and you’ll be fine.
Like Krugman.
Having gaslit the American electorate over the issues of Joe Biden’s economic/energy policy which created record inflation, the same media who ran cover for Joe Biden then switched during the Trump administration to calling the subsequent high costs an “affordability” crisis.
For added effect the Autopen Regime imported 13 million or more people and handed them EBT cards for the supermarket to drive up prices by increasing demand.
They all belong in prison for the economic damage they wrought.
Then they would STILL be an economic drain on our country. Deport baby, DEPORT! Keep up the good work, ICE!!!
Considering the USD depreciated about 10% in 2025, the low inflation numbers (except for energy services) is quite outstanding. Now if we can stop the wind and solar madness that adds to the cost of living for everyone, poor included, people might be able to start saving again. Maybe pay off those credit cards and student loans first.
Being retired for several years I’m sensitive to basic cost of living increases like water, electricity, natural gas and food. My biggest problem with utilities is the base charge that is the cost just to have service – my water meter failed last year, my bill was still over $50/mo with zero water usage, with every price increase they always raise the base charges.
I think we’ll be seeing great news on the food front very soon as well. I’ve seen substantial discounts on meat ($30, $40 and $50 off full rib eyes or tenderloins) at Costco since the beginning of the year, as well as lower prices per pound on non-discounted meat (Whole NY Strip $9.99 / lb).
Bacon at several different groceries is discounted, especially Oscar Mayer at 50% + off, or B1G1F. I’ve noticed the sell by dates are all rather near term, which suggests that cold-storage space availability is becoming scarcer.
With less-costly meat at the top of the upside-down food pyramid, we’ll all be healthy and wealthy again before we know it.
ZeroHedge took a look at the Producer Price Index (PPI) and wonder why there was a sudden jump in energy costs affecting the US wholesale inflation rate. From the report, in part:
“…US wholesale inflation picked up slightly in November from a month earlier on a jump in energy costs, even as prices for services were unchanged.
The producer price index rose 0.2% after climbing 0.1% in the prior month, according to much-heralded BLS.
PPI Final demand goods:
The index for final demand goods advanced 0.9 percent in November, the largest rise since moving up 0.9 percent in February 2024. Over 80 percent of the November increase can be traced to prices for final demand energy, which jumped 4.6 percent.The index for final demand goods less foods and energy advanced 0.2 percent, while prices for final demand foods were unchanged.
Product detail:
More than half of the November rise in the index for final demand goods is attributable to prices for gasoline, which moved up 10.5 percent…”
Finally, they conclude:
“…However, we are not quite sure where the prices surge seen in PPI data is coming from, as oil prices were still plummeting when this data was ‘created’…”
Link is here: https://www.zerohedge.com/markets/us-producer-prices-come-hot-heels-mysterious-energy-cost-surge
Imagine that…..
Everyone but Sundance and our VSGP was wrong.
Food is still too high. Everybody buys it.
Thanks SD. Things you won’t hear about on CNBC.
“economists projected”.
my entire life I have never once read a single economist that estimated accurately.
but I do know this one guy who bet a small fortune (and won) based on his own evaluation of the credit derivatives swap corruption (some people called it the mortgage loan/credit failure…too big too fail…credit crisis, etc). He simply looked at underlying assets that were packaged in these large bond like trade deal being sold worldwide at a premium with A+ ratings…and what he actually found is that every single underlying mortgage note that was being sold were based on self reported incomes that were not verified, mortgages being sold at rates too high to even be considered realistic for repayment, and then he looked at how the mortgage companies were paying the highest commissions to “agent/lenders” for maximum number of home loans and second mortgages. it wasn’t a bubble he was looking at, it was large scale 100 percent fraud….and not a single so called economist was noticing it or bothering to notice it. The movie, the big short was loosely based on this guy who made a killing simply by placing a bet that the mortgage and credit derivative swap “industry” was about to collapse. And it did.
so there was a lesson about this for me. Economist are paid not to investigate and to make good estimates but rather to prop up and spray paint over fraud, corruption and simply other business transactions that will go under water.
so when I read “economists projected”, I chuckle and remind myself that large scale fraud is the one topic they never seem to mention.
and guess what…right now, this same guy, is also putting major short options trades on AI based “projects”, namely nvidia and all these super cool AI data center companies. He also says he believes bitcoin and the entire eco system of crypto is going to crash..and he has a specific timeline. 2026. Some of that has already happened with the oct 11 “deleverage event” that happened seemingly out of nowhere…bitcoin has only marginally recovered from that “event”. Meanwhile gold and silver, classic stores of value are hitting all time highs.
don’t need an economist to tell me black swan season is happening.
just be prepared is what I am saying. Maybe he’s wrong…he might be. Too big too fail is a thing. It would not surprise me that big money will get the Trump administration to bail them out to defend against letting the bubble collapse…and we will all pay for it, just like last time.
God Bless America
You are so completely SPOT on in your observations. Looking at the precious metals metal manipulation markets especially Silver that has so many uses for industry you realize how the Banks and markets selling paper options have reached a point where supply is a problem and metal breakout is occurring but little is heard in the news. Even with discovery the banks overnight REPO is trying to put a finger in the discovery dike.
A few weeks ago the dumbest US Senator who has ever held that title was given a forum on TV and the net to vomit that tariffs were raising prices. From a loon who didn’t see Biden and her inflation. The person Schumer put in charge of budget in the Senate and she required a staffer to explain the Democrats proposal. Non other than Senator sneakers from the cesspool state of Washington. No fraud there !
Tariffs: The Taxes That Made America Great
https://buchanan.org/blog/tariffs-the-taxes-that-made-america-great-136986
All true SD, and when the housing market crash gets into full swing we will see CPI go down.
I will thumb my nose to the 60 (or 120?) ‘professional’ economists that penned the ‘Tarrifs are inflationary’ letter. Just like I did to the 51 Intel politicized knuckleheads that penned the Hunter Biden laptop letter.
We have had tariffs since July of 1789. They used to be much higher, especially in the days when US Customs used “appraised value” and the Customs Collector got a per cent. China, in fact, was still column 2 until c 1979, 80%-100% duty. There has never been the interest that is shown today. The obvious reasons are: 1. Tariffs are effective negotiating tools 2. President Trump is using them effectively. Notice that nobody complains about China’s export duty. And not a peep out of anyone about the 7.75% duty that California levies (unconstitutionally). If Congress is reasserts control over tariff policy, they will regret it imo. Complicated. Time consuming
“The obvious reasons are: 1. Tariffs are effective negotiating tools 2. President Trump is using them effectively.”
^^^^THIS^^^^
What too many fail to observe is Trump’s ability to use just the mere mention of a tariff as a powerful negotiating tool. If he backs down on the implementation of a tariff his detractors will chortle on about how this is a sign that his tariffs are a failure. All the while failing to observe how Trump was simply using the threat of a tariff as a negotiating tool. The simple fact that any entity would view a tariff as an economic threat weighs heavy as evidence of the tariff’s effectiveness.
If the commentors here are having a difficult time explaining economic facts to adults in their lives, their trials will only be multiplied if they discuss ANYTHING of substance with a common high-schooler.
Hopeless.
Did all of you know women are FORCED to carry babies to term? Did you know abortion is a secular sacrament? Did you know the only way to solve any problem is by consensus with the most marginalized among us having the loudest voice?
Rotting from the inside.
What this means is that tariffs are not creating any upward price pressure on the imported good.
Dear Jerome Powell,
For the last year you have glacially lowered interest rates because ‘PDJT’s tariffs MIGHT cause inflation’. Care to comment?
Good luck on your building renovations you clown.
Oy vey!
Just wait until Thomas Friedman hears about this!
He is going to be so verklempt!!
LOL!!!
As is usually the case, CTH explains how tariffs work, under Our President.
The ‘pundits’ are just another arm of the msm – which is another arm of The Left.
At this point, the ‘experts’ have lost their credibility – I would sooner believe a medicine man or witch doctor, than any of the msm’s ‘experts’.
As a multi instrument musician who loves his gear, I can without a doubt tell you that prices have increased in this arena by a fair amount, mostly on the stuff out of the EU, but also the Japanese made stuff. But since purchases are rather infrequent this really doesn’t have an huge impact. Made in the USA instruments (guitars in particular) were already priced through the moon, as it’s used as a “better” quality selling point (mostly untrue). Almost all the electronic stuff, synths, etc… are not made in the US.
on the other hand, software based instruments prices are way down with deals everywhere.
Consider this, in 1965 a Vox Continental organ was $1000. Dave Clark 5 used it. Keys regularly went out. The Farfisa, also popular, was also junk, and had a cheesy sound . About $1000 for one of the better models. That’s $10,000 in today’s dollars. My Casio CT X700, more of a toy than a performance instrument, is far far superior to the 1965 instruments. Cost: $225.
Wurlys were junk too, like the Farfisa, but so many iconic tracks were made with both. Relative to the dollar and capability , music tech is indeed much cheaper than in the past. But relative to a year ago, it’s a bit more expensive for the imported stuff (Yamaha, Roland, Ibanez, etc…) due to the tariffs. Not enough to change my buying pattern though.
Come on!
The BLS is currently stuffed with Trump loyalists. Do you really think they are going to release a *bad* report?
There’s a reason why the media has stopped making a big deal about it.
Unfortunately, prices have been sticky. Lower costs, particularly fuel, haven’t shown up yet in prices. So the Autopen spiked prices (oil nearly got to $120 in 2022)…and we are stuck with them despite oil now being south of $60.
What could ultimately wind up helping the GOP is if the market clears out all the inventory made with $120 oil and drops prices to reflect $60 oil later this year before the midterms. But I think the lag might not catch up until 2027.
Sundance, would you consider putting reports like this behind password protection?
See, whenever washington officials read something like this it makes them really angry, so right away our taxes and the price of fuel will instantly be hiked, just out of pure spite!
Ta daa.
CNN sent an alert to my Google News on Android saying “Inflation maintained a stubborn 2.7% rate.” That’s twice this week they’ve sent an inflation alert. I HATE CNN. Hopefully, many others besides myself are sending e-mails to companies that advertise on CNN letting them know that, “I’m not buying your product, as long as its advertised on CNN”. There were thousands of us doing this in 2017/2018/2019. Revenues nose-dived. I never stopped. Painful to watch CNN, but necessary.
The Bushes and Clinton shipped our industries and our jobs overseas and then told us all that America was a service industry.
The financial “experts” thought that was a good idea.
These financial experts should STFU. They were wrong then and wrong now. They should all be fired and not allowed near money or numbers again.. Who needs stupid people? No one.
Can we get a new press too? This one sucks.
Yeah but gear used to be able to buy from China is twice as expensive. I suppose in the long run it’s OK. Still I was really enjoying being able to get great products for a very little money. Still the tariffs are a good thing
I heard Dr. Navarro (you know, the jail bird held in contempt by congress as holder, garland, and clintons go free for the same crime) He was on the other jail bird (same misdemeanor) Steve Bannon’s show Warroom and gave a stat to a point I’ve been making without proof to back myself up, only economic laws and logic. Which is, that the laws of supply and demand have been at play in the housing market with massive upward pressure due to illegal immigrants requiring housing. His stat blew me away. For every 1 million illegals it adds 1% to the cost of housing (in this case rents). So for the range of numbers you hear 12-20 million illegals entered under idiot Joe, that would increase the cost of rents between 12-20%. No wonder young adults are so turned off, and that affordability is such a big issue. That coupled with the points Sundance made about energy and monetary policy (one thing begets the other, high energy =high inflation =higher interest rates) shows what a mess 47 inherited. When you think of the inroads he has made it’s truly breathtaking. As a side note he’s 100% right about his complaints on Powell’s monetary policy now.
Anyone else notice that were not getting revised inflation numbers that get corrected up and revised jobs numbers that get corrected downward anymore?
And again, the so-called “experts” are surprised. I guess that we just need to ignore them because of their track record on their forecasting. If your local weatherman was this consistently wrong, would you still tune in?
You mean to tell me Bidenomics by autopen doesn’t work?
What will you be telling me next? That the Covid-19 vaccines didn’t stop the spread of the disease like all other vaccines are designed to do!