Inflation and a recession are now here :(
- Thread starter lawpoke87
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He already was a politician. He's had the bad habits of a politician for decades.
Remember when he was allowed to buy a media company and tell the world he wanted to make it a neutral place for free speech?
Like he really fooled anybody. Idiot CEO of Twitter and it's board members were in such a pickle they forced him with court threats. I wish that they had a literal gag in their mouths.
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Remember when the Federal government censored the speech of its citizens who dared challenge their policies ? ….but yeah…Elon is the threat
Bloomberg: Inflation fears rising
"A week of sobering economic news for America ended with, well, more of the same. The long-term inflation expectations of US consumers rose to its highest level in almost three decades. Their reasons? Growing concern that President Donald Trump’s accumulating number of tariff threats against friend and foe alike will translate into higher prices.
Consumers said they expect prices will climb at an annual rate of 3.5% over the next five to 10 years, according to the final February reading from the University of Michigan. The rate is the highest since 1995, based on data compiled by Bloomberg. All five components of the index deteriorated, including a drop in buying conditions for big-ticket items. And more than half of consumers in the survey expect the unemployment rate to rise over the next year, the highest since 2020."
"A week of sobering economic news for America ended with, well, more of the same. The long-term inflation expectations of US consumers rose to its highest level in almost three decades. Their reasons? Growing concern that President Donald Trump’s accumulating number of tariff threats against friend and foe alike will translate into higher prices.
Consumers said they expect prices will climb at an annual rate of 3.5% over the next five to 10 years, according to the final February reading from the University of Michigan. The rate is the highest since 1995, based on data compiled by Bloomberg. All five components of the index deteriorated, including a drop in buying conditions for big-ticket items. And more than half of consumers in the survey expect the unemployment rate to rise over the next year, the highest since 2020."
Ironic the day Bloomberg publishes a story about inflation concern the bond market sees yields lower to a 30 day low. Article doesn’t make a lot is sense in that if we see the labor market soften then the odds we also see inflation rise is very low.
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