Anybody Buying Yet? Where’s the Bottom?

[SAJ-99]

Trump tells Fed to slash rates or he'll end trade with countries with U.S. surpluses

President Donald Trump demanded that the Fed slash interest rates or else he will cut off trade with countries with which the U.S. maintains trade deficits.

www.cnbc.com

If anyone was questioning how much of an economic idiot the guy is, this should clear it up.

 

[Bonasababy]

US diesel prices hit a record high, pushing up transportation costs for a long list of goods

Diesel has hit a record price in the U.S., soaring to an average of $5.85 a gallon for the first time.

apnews.com

Just in time for hunting season.....

 

[SAJ-99]

US diesel prices hit a record high, pushing up transportation costs for a long list of goods

Diesel has hit a record price in the U.S., soaring to an average of $5.85 a gallon for the first time.

apnews.com

Just in time for hunting season.....

1 in 3 Americans still approve. Must be measuring the stock market.

 

[Sytes]

Reminds me of 2009-2014... and inflation since? Wait, that was Obama administration days... carry on.

 

[BigHornRam]

Reminds me of 2009-2014... and inflation since? Wait, that was Obama administration days... carry on.

Obama era policies were not inflationary.....at least not immediately inflationary.

 

[Sytes]

Obama era policies were not inflationary.....at least not immediately inflationary.

Comment related to "inflation"... the price of crude then and the price of crude now. Doesn't change the $$$ related to 2009-2014. His tenure we faced significant crude prices as we are now... this is $ for $. Not including common inflation rate since then.

 

[Sytes]

Example:



The chart below relates to the cost of Crude over the past 20 years. Note: This does NOT take into account CPI / Inflation rate.

 

[Bonasababy]

Whatcha smoking?

Inflation average during Obamas 8 years was 1.46%, per investopedia. Gas prices rose in the middle but by the end of his administration the average was $2.15

Presidents have more influence over inflation than gas prices. The good ones hold inflation down by listening to economic experts- NOT denigrating them and trying to fire them--and just as if not more important, avoiding actions that increase inflation.

Trump has set a new bar in personally influencing both higher inflation and sky high gas prices through his direct actions. Most of which were highly discouraged by economists.

It should also be obvious by now he really does not care, and gets irritated and worse when people suggest it should even be a worry for anyone.