I fucking love how there is basically only one comment on this entire post
Yeah well these news publications are starting to blatantly insult everyone’s intelligence now. If it was really unexpected, there wouldn’t be a bunch of comments here saying “Unexpected? Really?”
And the dozens of people who made that comment didn’t read so much as the first part of the first sentence of the article.
US inflation increased by more than expected last month
It’s not the inflation that was unexpected, it’s the amount. You can’t get your news from headlines, people.
That’s unfortunate, BBC misspelled “predictably.”
Is this the same people who couldn’t think Brexit was bad for their economy?
it misspelled “more than expected”
don’t only read headlines
Don’t tell me what to do
“unexpectedly”. yep nobody anywhere ever saw it coming. idjits
“Unexpectedly”? Everyone but the MAGA idiots expected it.
Maaaybe tarrifs are not that great
It’s been pretty great for China so far.
Wait, that’s not what you meant, was it?
I’m not entirely sure which country’s employee of the month Trump is this time of the year. Maybe China? I can barely keep up.
I mean I don’t know if he intended to give China a massive assist with his dumbass tariffs, but he sure is.
“Unexpectedly”
If it’s anything to me, it’s unexpectedly low.
!leopardsatemyface@lemmy.world
Good job on voting to cancel out Joe Biden’s monopoly breakup because he didn’t do it fast enough
“If things aren’t good enough, we should make them worse to teach those layabouts a lesson!” - People who have no intention of suffering the consequences of their actions
I’m not going to vote for good, I demand perfection!
- a bunch of Americans with Pikachu faces right now
Before reacting, read the article
Inflation rose to 3% in January, its highest rate for six months, and above the 2.9% expected by economists.
This is significant for bankers, but not for regular people. You’re not going to notice that inflation is 0.1% higher than expected
0.1% for someone with a $500,000 mortgage would be $500.
0.1% for a large company, like say, Blackrock, that has $15 billion dollars in debt, is 15 million dollars.
I’d be interested in seeing where the inflation was higher than expectations. He’s only been in office a few weeks; most of these markets don’t react that quickly.
He’s the president. No passing the buck.
Its also not like Trump wasn’t affecting the markets until the day he was inaugurated. He was literally illegally meeting with foreign leaders during the campaign.
What’s illegal about it?
It’s called the Logan Act. There are actually laws about how civilians can interact with foreign officials. Dennis Rodman famously violated those laws when he went to North Korea to act in an official capacity that wasn’t officially sanctioned. Trump is a civilian until inauguration, so his meetings with heads of state to discuss official matters (not just shooting the shit about movies and new restaurants) would have had to be sanctioned to be legal.
an official capacity that wasn’t officially sanctioned.
Can you explain what that means? Because he either was or wasn’t.
Just like it says: Rodman went in an official capacity but wasn’t given the authority. He did it on his own. It wasn’t officially sanctioned so he either lied or was just oblivious.
If you’re a Trump supporter, nothing is ever illegal if he does it.
Well, the meeting…
So the meeting is illegal because it’s a meeting. Gotcha
You asked what’s illegal, not why it’s illegal.
And manipulating the budget.
Not when you start tariffs wars with allies that you signed trade agreement with.
Driven primarily by….
The cost of eggs. Yes regular people are going to notice this.
Food at home up 1.9%
You didn’t even check what it’s driven by, but you confidently state it
I’m just basing my opinion on the text of the article. The article you told people to read:
US inflation increased by more than expected last month, as higher egg and energy prices helped to push up the cost of living for Americans.
Grocery prices climbed 0.5% over the month, compared with 0.3% in December, as egg prices surged more than 15% … That marked the biggest monthly increase in nearly a decade, the Labor Department said.
Then you reply with a statistic that doesn’t appear in the article with no reference. Fucking MAGATs.
Unexpectedly? By who?
Pretty sure tons of people said they if Trump takes office, inflation would skyrocket thanks to the tarrifs and all his other bullshit… This was entirely expected. It’s the result we all knew was coming if he took office.
If it were any other Democrat in office right now, the media would have been pinning the blame harder than fighting games got blamed for violence in the 90s. Getting real sick of the narrative they’re spinning.
People that understand economics said that People who labor under the delusion that Republican administrations are better for the economy thought otherwise.
And his idea to fix inflation? Cut interest rates.
Turkey did this and the value of their currency halved in value per year for two consecutive years. Imagine if in 2 years a dollar became worth only 50 cents and then a quarter. Everything would cost four times more and, if wages didn’t keep up, there would be a revolution (or at least I’d hope so).
Eggs at $32/dozen. One can only dream.
they Turkish lira lost way more value than that overall. it’s still losing value but at a much slower rate. its value is 1/9th of what it was in 2018 before the first big crisis. and 1/6th of what it was in the height of that crisis.
If it were any Democrat in office right now, the media would have been pinning the blame harder
If a Democrat were in office inflation wouldn’t have increased.
If a Democrat were in office inflation wouldn’t have increased.
It’s January numbers, a month Biden was in office the majority of.
Yep, Trump’s policies are so awful it only took 10 days to undo the progress made in the previous 20.
Trump had already announced his policies. This was the markets pricing in those expectations. It’ll get worse if his tariffs are anything more than empty threats.
Absolutely, the moment he won is when it really started. All industries reacted and changed based on this. My friend works in the renewable energy industry, and basically, all of his projects and contracts dried up by December based off what they knew was coming. He basically does nothing for the foreseeable future except wait or get fired. Surely all this change is already seeing a real impact for January numbers.
And what happened after he left office? Was there a surprise reveal?
Unexpectedly?
I know I’ve seen this on several websites today. What was everyone expecting? The only think I can think of is the old trope that Republican administrations are better for the economy. I have coworkers who were basically expecting miracles once Trump got into office. Things are probably gonna be bad.
What was everyone expecting?
The ones who voted for Trump? To get their pony. And they’ll keep shutting their eyes and plugging their ears waiting for their pony until they starve to death because everyone else has already emptied the dumpster of food.
Correct me if I’m wrong, but don’t most (if not all) Republican administrations cause recessions or other damage to economies?
Historically the US economy generally performs better under Democratic administrations than Republican ones. I’ve read several articles and studies that show this. I’m on mobile and don’t have the time to find them However polls show that Americans consistently have the opinion that Republican admins are better on economics. And this despite no matter how much evidence os presented.
However polls show that Americans consistently have the opinion that Republican admins are better on economics.
Newsflash: Americans are fucking dumb. Mind numblying fucking dumb. Their stupidity triggered an overflow in the universe to where they’ve looped around and think everyone else is dumber than them.
I honestly believe America is the most ignorant as well as unhealthiest (obese/fat) nation in existence.
Every Republican presidential term in my lifetime has had a recession start. None of the Democratic ones have…
Regan; one started each term. First Bush had one in his term. Clinton had none in his 2 terms. Second Bush had a HUGE one each time (dot com and great recession). Obama had none in his 2 terms. trump had one in his first term (triggered by covid & shutdowns; which his (in)actions intensified…). Biden didn’t have one (but; just barely… and only by the official definition [NBER]; he did have two negative real GDP quarters, so one could argue this point). Now we’re starting trump’s second term, so we’ll see (it’s pretty clear we’ll have a recession within 2 years).
This isn’t really debatable unless you ignore the evidence. Stock market and real GDP growth are overall way higher under Democrat presidents. One link for reference (but many more are available): https://link.springer.com/article/10.1007/s11127-021-00912-y
The 2008 Crash was the direct result of Clinton’s repealing of the Glass-Steagal Act (with the full support from the Republicans, so I’m not actually excusing them).
In the process of pointing out just how bad the Republicans are for the Economy, let’s not excuse the Democrats so much that it turns into whitewashing.
Same with budget deficits, Clinton even got surpluses…
Clinton repealed the Glass-Steagal Act, inflating a massive bubble (especially in Finance) which blew up in 2008.
If you’re going to laud him for the positive effects of the bubble he inflated, then it’s only fair to criticize him for the ultimate result of his bubble-pumping policies, which wiped out all the gains from the bubble.
He also had an affair
That’s up to him, his wife and his mistress.
I only care about his track record when it applies to the Economy.
Thanks for the link.
You are not wrong, I don’t know where the other poster got their information, but Republicans almost always destroy the economy and the Democrats (kind of) fix it just in time to be blamed for the economy being bad.
The “trope” is public perception, not actual historical pattern. Every time a Republican president gets elected the exit polls are full of “economic concerns.” What that actually means is left to interpretation but so it goes.
What that actually means is left to interpretation but so it goes.
It means they think minorities had too much money.
Inflation has generally dropped significantly in most developed countries and is mostly tied to post-pandemic effects and the war in Ukraine. So if you ignore the debilitating influence of Trump, you would expect inflation to continue to drop in the US too.
The 3% rate isn’t actually all that high currently, but you’d expect it to trend up again due to tariffs, both from the actual effects and as an excuse for companies to raise prices.
Or Trump could cause a serious recession/depression, in which case inflation will drop (but you won’t be able to buy anything anyway, since you’ll have lost your job).
You are correct. And if Biden or Harris had been elected and we could he reasonably assured we’d continue on a stable path we’d probably be in a different situation. But Trump and team are a different story.
British humour.
Denial first, surprises later.
They forgot the /s
I was thinking exactly the same thing… maybe with the exception of the 30% that actually believed his bullshit enough to vote for him… I’ve been bracing for the huge inflation bolster since he was elected…
Hell trump and musk have kind of warned us, inflation is going to get worse (and lied about it being so it can get better… ignoring the general fact that inflation is a one way street, you can’t fix it… you can only slow it down, and/or speed up wages to catch up to it)
Definitely a solid onion headline worded like that.
Somehow, inflation returned
Oh God, no! It’s the Spanish inflation!
ahem, Spanish Influation
Our two main weapons are tariffs and corruption!
“unexpected”
That article is carrying a lot of water for the Trump administration. Nobody knows why prices are going up!
Import tariffs are explicitly inflationary. Even the rhumor of them is arguably inflationary. Lowering the interest rate (which Trump is currently in the midst of bullying the Fed chair into doing ) is also explicitly inflationary.
All of the things he has done that actually pertain to inflation have been to increase it.
Yeah, which is why this is a bad article from the BBC. The headline should be, Trump Causes Inflation.
That article is carrying a lot of water for the Trump administration
Just admit you only read the Headline.
No, I read the article.
Unexpectedly? LMAO
