I hate to say it, but that sounds more like combining winning with pegging, a sexual activity which Elon Musk allegedly enjoys.
Apparently he also said that they don't have the capacity to do tariff deals with all countries, so some countries should expect the tariffs.
Some interesting, and slightly bonkers, data out today. According to Bloomberg (pod) that 50.8 (Sentiment) is the second lowest since the survey has been given. Record low in consumer confidence. Inflation expectations. That 9.6% increase expectations by Dems is bonkers. The 7.3% is on the high end, for me. Pending tariffs (and relatively stable oil prices), I'm expecting somewhere between 4% and 6%. But, of course, I'm certainly not an expert and don't have the reams of data others do.
Well, if you tell the financial world you are of the opinion that you can unilateraly change conditions on loans, you just told them your financial credibility sucks.
Moody's is saying it is the history of debt that is the problem. https://www.marketwatch.com/story/u...-but-its-not-good-news-3c628265?mod=home_lead Moody’s, in a news release after the market close, said it had cut the U.S. rating by one notch, to Aa1 from Aaa, and that the move “reflects the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns.” And I doubt Powell's comments earlier this week really had much to do with this.
I'm almost sure that the deficit increase that will happen under the new budget and with reduced economic output, and the GQP congress's inability to pass clean funding bills, were also factors.
Will somebody explain this? How can a majority think we have a strong economy if we have increase tariffs, decreasing home building, rising interest rates, the lowest consumer sentiment since forever, and expectations that inflation will be at 6.3%?
Both consumer sentiment and inflation expectations are what they think about the economy. IOW, contradictory soft data. Granted, the home building and interest rates are hard data, but still.
It’s a case of looking at a cliff edge with recession looming due to tariffs, and then the cliff recedes so that it’s now three months away from you, and you realise things aren’t that bad in “Biden’s economy” after all.
Unemployment rates are still low. That is going to affect everyone's perceptions more than anything else with the exception of inflation. My first tariff affected purchase. A motorcycle tank bag that had been listed in the catalogue at $125 had a new updated price of $150 via the web.