These statements about transitory inflation are bs, it is INFLATION!

Mercor said:
I import from China
Th first tariff was 15% China de-valued their currency about the same....So I could buy 15% more product for the same price......So it was a wash....China gave me more goods and it covered the cost of the tariff

Now with the currency back to where it was before ..the Biden administration could care less about the consumers who are paying for it now
Government got'z to have its money
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we were exempted. It’s crazy how many products were exempted from the trump tariffs.
 
newwurldmn said:
we were exempted. It’s crazy how many products were exempted from the trump tariffs.
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More than 66 percent of Chinese imports have been subject to tariffs, with an average levy of 19.3 percent, adding significant costs to imported metals, solar panels, and other products.'

upload_2022-4-8_10-57-6.png
 
Damn Biden.... simply giving a speech at the Capitol and taking office spiked prices all over Latin America..

In some of the largest economies in Latin America (Brazil, Chile, Colombia, Mexico and Peru), prices increased by 8.3 percent in 2021—the largest jump in 15 years and higher than in other emerging markets.
 
Home Depot founder predicts a recession will happen in less than 10 months

I'm not smart enough to know exactly when," Ken Langone said. "My bet is that the brunt of the recession will hit us nine months, eight months. … 10 months from now."

"We've got to get rates well above the inflation rate if you want to snap inflation, just like Paul Volcker did in 1980 and '81," Langone said on Tuesday.

"Frankly, we have leadership today in America that isn't willing to admit when they're wrong," Langone said. "They made a terrible blunder here, and now the price has got to be paid. If you want to get inflation back, if you want a benchmark, you're going to probably need interest higher than 8.5%."

https://www.audacy.com/wwl/news/national/home-depot-founder-says-a-recession-in-less-than-10-months
 
Van_der_Voort_4 said:
Home Depot founder predicts a recession will happen in less than 10 months

I'm not smart enough to know exactly when," Ken Langone said. "My bet is that the brunt of the recession will hit us nine months, eight months. … 10 months from now."

"We've got to get rates well above the inflation rate if you want to snap inflation, just like Paul Volcker did in 1980 and '81," Langone said on Tuesday.

"Frankly, we have leadership today in America that isn't willing to admit when they're wrong," Langone said. "They made a terrible blunder here, and now the price has got to be paid. If you want to get inflation back, if you want a benchmark, you're going to probably need interest higher than 8.5%."

https://www.audacy.com/wwl/news/national/home-depot-founder-says-a-recession-in-less-than-10-months
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Agree with him, but for different reasons. I think the Fed doesn't do anything even close to what Volcker did, nor would they need to. Max inflation has already passed, and we are in the period of demand destruction beginning.
 
Tsing Tao said:
Agree with him, but for different reasons. I think the Fed doesn't do anything even close to what Volcker did, nor would they need to. Max inflation has already passed, and we are in the period of demand destruction beginning.
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this prediction chart could play out

Prediction SPX.png
 
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