Consumer Prices Will Go Down From Day One? Will Gas Prices Go Down 50% Within A Year?

NxNW said:

I've got a car a big as a whale, and its about to set sail!

Click to expand...

Don't forget your jukebox money.

essentialsaltes said:

MISSION ACCOMPLISHED

Click to expand...

Possibly not.

'That didn't sit well': Trump's own rallygoers reportedly 'disappointed' by latest speech​

"He's saying that the economy is roaring and doing well, but at the same time he's preaching austerity," said Geist. "Buy less for your children, buy less for your family this Christmas, and you don't have to take it from us people. At the rally, Trump supporters interviewed by MS NOW, by NBC News, by The New York Times said prices are too high and they're disappointed by what they heard."

"Remember ... this was supposed to be a rally about affordability," Geist continued. "This was supposed to be to reframe the debate about affordability and acknowledgment that Americans are paying too much for their lives, that they need help from this administration. And he immediately goes on the stage with a banner that says lower prices behind him — which is not true, inflation is where it was when Joe Biden left office — and mocks the idea of affordability."

Gas varies by region. Ive been paying around $2.30.



Food prices are higher though and I'm too broke to go joyriding anyway.

essentialsaltes said:

Possibly not.

'That didn't sit well': Trump's own rallygoers reportedly 'disappointed' by latest speech​

"He's saying that the economy is roaring and doing well, but at the same time he's preaching austerity," said Geist. "Buy less for your children, buy less for your family this Christmas, and you don't have to take it from us people. At the rally, Trump supporters interviewed by MS NOW, by NBC News, by The New York Times said prices are too high and they're disappointed by what they heard."

"Remember ... this was supposed to be a rally about affordability," Geist continued. "This was supposed to be to reframe the debate about affordability and acknowledgment that Americans are paying too much for their lives, that they need help from this administration. And he immediately goes on the stage with a banner that says lower prices behind him — which is not true, inflation is where it was when Joe Biden left office — and mocks the idea of affordability."

Click to expand...

It's strange how they're already repeating one of the major mistakes that cost Democrats the 2024 election.

"Over the June-August 2025 period, tariffs explain roughly 0.5 percentage points of headline PCE annualized inflation and around 0.4 percentage points of core PCE annualized inflation.3". <---Donald Trump did that.

wing2000 said:

"Over the June-August 2025 period, tariffs explain roughly 0.5 percentage points of headline PCE annualized inflation and around 0.4 percentage points of core PCE annualized inflation.3". <---Donald Trump did that.

Click to expand...

0.4% more inflation might actually be acceptable if there were other benefits. But it's not just inflation rates that matter.

First, the article notes that not all tariffs have been passed on. There's a lot of uncertainty about which will continue. But expect that during 2026 the rest of the cost will be passed on.

The more serious question is whether tariffs will increase US activity. I don't see any evidence of that. Hiring seems to be down. Of course attacks on immigrants are likely involved as well. It's hard to separate the influences. To complicate matters, there's probably some reluctance to hire because of (likely inflated) hopes that AI will replacer workers.

In general, it's not obvious that Trump's policies have had all that much effect on the economy. This isn't a shock. The Federal government has limited ability to improve the economy, and what effect they have tend to have significant delays. In some ways the most serious effect of Trump is probably his constant changes. That, rather than the tariffs themselves, may well be behind the reluctance of companies to hire.

This whole thing bothers me. I'm concerned that voters are voting in candidates who make promises about the economy, when in fact they have limited ability to do much. Trump has done lots of things that voters should evaluate. I think they would justify changing parties in 2028. But if people vote for a Democrat expecting him to bring prices down, they're going to be disappointed.

A more serious problem that the Feds should be dealing with is the deficit. We can't keep this up. We need to put taxes back up, or give up subsidizing health care. Or both. Unfortunately both alternatives are politically difficult.

hedrick said:

In general, it's not obvious that Trump's policies have had all that much effect on the economy. This isn't a shock. The Federal government has limited ability to improve the economy, and what effect they have tend to have significant delays. In some ways the most serious effect of Trump is probably his constant changes. That, rather than the tariffs themselves, may well be behind the reluctance of companies to hire.

Click to expand...

Yes, for any company that relies on trade, it's impossible to plan (and invest) for the future when the man sitting in the White House could issue a self-defeating tariff order on a whim. Some of that uncertainty may go away once the U.S. Supreme Court rules on the legality of the Trump tariffs.

hedrick said:

A more serious problem that the Feds should be dealing with is the deficit. We can't keep this up. We need to put taxes back up, or give up subsidizing health care. Or both. Unfortunately both alternatives are politically difficult.

Click to expand...

Let 'em die and scavenge their remains. We'll have fewer but richer Americans.

I have no idea where you people live. My groceries are free, my pharmacist pays me to pick up prescriptions, and I can fill up my Surburban with 32 gallons of gas for $7.25.

Aryeh Jay said:

I have no idea where you people live. My groceries are free, my pharmacist pays me to pick up prescriptions, and I can fill up my Surburban with 32 gallons of gas for $7.25.

Click to expand...

Is the "sub" urban the downgraded version of the EM-50 Urban AV?

Hans Blaster said:

Is the "sub" urban the downgraded version of the EM-50 Urban AV?

Click to expand...

Yes, missing the armor upgrade and periscope.

For 20 minutes, Americans watched Donald Trump address the nation, “drenched in pure panic as he tried to bully an entire nation into admitting he’s doing a great job,”

Tom Nichols argues in The Atlantic

A tale of two Ralphs — Lauren and the supermarket — shows the reality of a K-shaped economy

Wealthy shoppers browse Ralph Lauren on Rodeo Drive while struggling consumers hunt for bargains at Ralphs grocery, revealing America’s stark wealth divide this holiday season.

The K-shaped economy shows high-income households thriving with rising pay and asset gains while lower-income families squeeze budgets amid inflation and stagnant wages.
Ralph Lauren’s stock surged more than 35% over the last six months while Kroger’s fell more than 10%.

wing2000 said:

....is Bird Flu the only culprit?

Click to expand...

No.

wing2000 said:

Cal-Maine Foods, which controls about a fifth of the egg market and sells to Walmart and other large retailers, reported that its revenues jumped to $954 million in the quarter that ended in late November from $523 million from the prior year — an increase of 82 percent.

The egg production industry has consolidated over the last three decades. Cal-Maine has acquired more than two dozen companies since 1989. It and four other large producers control roughly half of the egg market in the United States.

Click to expand...

Egg producers to pay $3.3M, donate 53M eggs as part of price-fixing settlement​

• The DOJ has announced that Cal-Maine Foods, Versova and Hickman's Egg Ranch have agreed to pay $3.3 million and donate 53 million eggs to settle allegations of price fixing.
• The companies allegedly worked together to raise egg prices between June 2022 and March 2025.
• Despite the settlement terms, none of the companies have admitted wrongdoing.