Imagine waking up every day and your boss loudly proclaims on the largest megaphone that exists that you suck at your job.

Powell is doing an incredible job at keeping the US afloat

>>60637983
This.
All things considered this right here, now, is the best economic senario possible. Trump is insane for taxing the economy like he is and then threatening lower interest rates.

>>60637966 (OP)
I kind of admire him at this point, the fucker has no quit in him. Trump isn't his boss anyhow but I still admire how he doesn't cave in to political pressure.

>>60638004
If tariffs are taxes on consumers (they aren’t, meaningfully) then they would reduce inflation via lowering demand. That means they’d build a cushion that would allow lower interest rates

>>60637966 (OP)
Well if 70% of the country thinks my boss is a retarded pedophile, and the other 30% are retarded pedophiles, I wouldn't really care

>>60638004
The recession is inevitable, donald epstein just wants the very brief season of easy borrowing and riches that will come.

>>60638035
Inflation is fully determined by the available money. The rest is just shuffling it from essential to nonessential industries.

Is it true he spent $2 billion on a new fed building? That's some Versailles shit.

>>60638004
I havent paid more for anything except eggs.
Powell shouldnt be fired though.

>>60638035
>raising prices is uh...
>checks notes
>deflationary!
Christ, where do they find you retards?

>>60638058
The real answer is its an ancient building, building codes are expensive and so is getting rid of a lot of old asbestos
The fed also pays for its own renovations so its retarded to even get mad at its not tax money its interest the fed makes

>>60638067
Prices aren’t rising no matter how hard Adam Smith worshippers squint at them

>>60638125
I see you've entered the denial phase of coping

>>60638071
> interest the fed makes
interest on what :)

>>60638144
https://x.com/zerohedge/status/1945467419897876628
AACK!

Powell is unironically doing a good job at handling inflation. Its what your supposed to do if you want a sustainable and healthy countrym

People just want lower rates to pump their bags at the detriment of future generations. I am also in this camp.
Godspeed powell.

>>60638066
wow not even gas? On another hand, I don't know if inflation is bad in India

>>60638042
>retarded pedophiles, I wouldn't really care
Was this meant as an insult?

The world is literally fucked harder than any point in history and fedniggers are saying he's doing a good job. KEK.

>>60638171
Refinancing 10t of debt at high rates is also detrimental to future generations

>>60638231
>The world is literally fucked harder than any point in history
Why's that?

>>60638067
it is but you retarded dimwits have never checked a money supply model and it shows with very obvious consequences as you see posts like these on the regular. With a fixed money supply, public consumer money mass contracts which forces prices to go down on the long term. And when it's a one time price raise and not a sustained one, it isn't inflation. Quite on the contrary, as wages (w) don't increase to offset the price raise (p) therefore real wages (w/p) go lower, public consumer money decreases, unemployment goes up as opportunity cost decreases and as consquence inflation goes down. (Basic phillips and beveridge curve will tell you this correlation) Why? Because companies have nowhere to recirculate this money and public money mass, contracts. Therefore, tariffs are deflationary. But arguing with retards is non-fruitful anyway.
I'm going to make this substantially easy to understand, so your smooth brain captures it. Suppose you have two parks that are connected between each other. Suppose ticket supply was fixed and that each game in each park took equal tickets to participate in and that utility was equal for every consumer in every game. Suppose, now, that to circulate from Park A to Park B you now have to pay an access fee of 1 ticket. (Tariff effect). With rigid prices, this is recessionary, as every costumer would like to use Park A. With flexible prices (real life), Park B necessitates to lower the access to each of their attractions by a proportional amount to the tariff, otherwise they run out of business. Ticket supply hasn't increased because the park has a "very limited-ticket printing policy" and therefore the tariff was deflationary. You get it now, you retard?

>>60638270
Holy shit I'm not reading all of that. Consider suicide.

>>60638273
>I wish to stay ignorant
your call, retard.

>>60638281
Go dilate, you clearly unwell and obsessed individual.

>>60638285
>mooom tariffs are inflationary!!!!
make sure to wipe jerome's cum out of your ass faggot nigger.

>>60638290
Why is it the ones who fantasize about faggot shit like this are always quick to cast the first stone?

>>60638296
>go dilate
you tell me, trannylover.

>>60638297
Well I didn't get all graphic with it. Some bystanders might say you've been putting a lot of thought into what you want Daddy Jerome to do with you.

>>60638270
Gigabased analysis anon.
>>60638273
Zoomer retard.

>>60638330
Generating a new ID by switching to mobile data is usually a sign of defeat. I accept your concession.

>>60638337
defeat how if you haven't even rebutted my argument? (since you lack the interest and attention span to read it) lmao. also
>everything I don't like is samefagging
you must be 18 years of age or older to use this website. specially /biz/.

>>60638375
What was your argument again? Surely you can distill it into a sentence or two, since you clearly know your stuff.
>everything I don't like is samefagging
No, it's just that an obvious samefag attempt is obvious and should be called out as such.

>>60638392
I literally have nil incentive to samefag to """beat""" a retard in a shitflinging discussion originated from your inability to read three lines of text. I also have no incentive to reduce my argument any further as I laid it out with a very basic attraction park example. If you're unable to read for longer than a sentence, I am not obligued to fullfill your desire for mediocrity, ignorance, and poorly disguised bait attempt no further. Fuck you, sincerely. Live happily thinking tariffs are inflationary with a fixed money supply. Yours truly.

>>60638409
>Translation: I don't have an argument
Concession accepted. Now just apologize and we can be done here.

>>60638270
based analysis
>>60638273
retard btfo

>>60638539
You basically just reordered the words from your last samefag attempt. Honestly, I feel sorry for you.

>>60637966 (OP)

I don't like powell and think he plays politics too much. That being said, I think he has done a decent job as fed chair. I understand why he hasn't cut rates, but man... would be nice.

The synagogue of Satan is his boss

>>60638747
Trump hates Jerome now because of his unwillingness to play politics though.
>>60638776
Take your meds, freak.

>>60638058
israel gets that much money every 6 months by law.

>>60637966 (OP)
I'd cum desu

>>60638035
Take an econ class, migger

>>60638270
My AI called you a retard

>>60637966 (OP)
Jerome a grandstanding political hack. Trump is right about him. Too Late Jerome.

>>60638035
Taxes don't lower demand. The money still gets spent, by the government. The only way taxes lower demand is if the government collects the money without spending it, i.e. runs a surplus.

>>60639342
>in the short term, raise inflation.
I would invite both you and the AI to read over again. Nowhere do I say short term this is true. it says, specifically, long term, as tariffs do infact immediately raise prices. On the long term, again, they must come down, as wages don't keep up with the price raise. You ever get a raise because there's "inflation"? I don't think so. Also,
>in reality: [headcanon, no justifications]
The U.S. follows a fixed interest rate standard. As to say, they fix a rate that gets changed every-so-ofen; They manipulate interests rates (Jerome Powell's job) to contract or add money to the economy. Important note is that this money added is not printed. There's no new dollars coming in, just new bonds. When rates are already low, the only tool they have is to print money and increase fiscal spending. Since COVID, no such stimulus is to be seen. Hence, the tariffs are infact deflationary as everything I said transpires with that reality, as wages don't adjust and prices must come down to compensate the tariff aggregate. This, in a vacuum of course. Most enterprises will use tariffs as an excuse to raise prices. Most of the """inflation""" comes per energy industry services (which aggregates on everything else and therefore raises prices) in this context, tariffs ignore that sector. I have not seen one single news about energy sector getting tariffed. Eventually, prices will come down. It has to be a transitory shock.
If you don't believe any of this economic model talk, just go ahead and look at truflation through february (start of tariffs) up until now.

>>60639611
My AI said that your response to his AI calling you retarded is retarded.

>>60638125
maybe you don't notice because your mom goes shopping for you, but donny two dolls already spoiled the plot

>>60637966 (OP)
bosses are transitory.
>>60637983
whats he doing?

>>60638125
>>60638144
Prices arent rising because they are already extremely high.

At least in my area.

>>60638270

What's up. Are you a fellow backroom econfag? I was, no longer pro, but still follow because it's good for understanding our insane delusional world. Not enough money or useful skills irl. Econ models with heavy assumptions rarely work outside of a lab. A Bachelors of Economics is where you learn how models work; any higher ed of economics (masters, phD) helps you learn why most every single econ model pretty much breaks and doesn't exist IRL. (Incl ISLR)

I'm not going to deny your analysis in said static situation, but I find it unhelpful. You have suggested that a) wages are not increasing (most people get small CoL that is a slight increase, but obviously underperforms inflation)

and more crucially, b), our system is a static money system. Between stealth QE from the fed, or the ECB's fed, and our own inability to stop deficit dollars, our money supply is far from staying still. The necessity of funding our (US specifically, but the rest of the world is also increasing) massive debt bomb is going to absolutely inflate our currency (a tax on everybody who holds said currency). Idk, 12T of debt over the next few years.

Also. Inflation doesn't go down. I am by no means a radical econ thinker, mind you, but I give a lot of credence to the theory postulated by Jens O. Parsson, which is that inflation cannot be undone, exception being a depression or major bad time, but even then it does not really decrease money inflation, just cheapens our basest levels and lowers Quality of Life. The major contributors of inflation are printing money, the fractional reserve banking system, money velocity, and somewhat, the deficit/interest rates (but these only affect the aforementioned factors). But mostly, M2, which is no longer calculated (and even somewhat inaccurate in the face of the Eurodollar and petrodollars out there), money velocity (think of the covid stimmies hitting our checking accts and then flying into the nether) and our own banks. Thoughts?

this dumb fuck saying "more pain coming" 3 years ago completely nuked my portfolio and has never recovered. fuck him

>>60637966 (OP)
and yet the boss can't fire you...odd.

>>60637966 (OP)
To the gas chamber