Gdp, consumer index scores, all that stuff is a measure of how much poor people are willing to spend and how hard they're working. What really matters is, can these people buy a house? Can they buy eggs?
I don't know how many of them will be all that caught up that they can't buy some disposable flip-flops on Temu anymore. We need to focus more on how hard it is to live than how hard it is to import stuff.
That means the prices of your tomatoes are going to go up!
No one is going to be immune from these pricing increases from the tariffs.
Meanwhile, Kevin Hassett, Director of the National Economic Council, said just yesterday that he doesn't believe any shelves will be empty due to retailers planning ahead for the supply disruption—directly contradicting what the CEOs of those retailers had warned Trump just a few days earlier.
I have serious concerns about the competency of this administration. The CEOs of major retailers have a vested interest in understanding supply and demand and have intimate knowledge of supply chains and retail channels. If they say shelves are going to be empty, then you can take it to the bank that shelves are going to be empty.
Everything is pointing to shelves being empty. What happens after the shelves start going empty is what has me concerned. It could be a minor issue, or it could lead to mass panic. My concern is that I have no confidence in this administration's ability to resolve any issues that may arise due to their actions. They're making the mess and are expecting us to clean it up after them.
And those are heavily concentrated in certain industries like basic electronics, toys, etc.
in anycase, it'll be interesting to see how it plays out.
The number of people that die from heart disease and stroke and diabetes is far far greater than plane crashes or car crashes.
Metabolic syndrome is a large constellation of diseases and scientists have discovered that many of them are largely preventable through diet and lifestyle choices!
Personally I prefer to use the US case shiller housing index as a good indication of long term inflation. Housing prices are so high, it is the basket of goods that matters the most.
This hasn't been my experience at all. I live in an urban area and I haven't eaten at a chain restaurant outside of road trips in years. I only eat at chains when I'm on a road trip and need a bite in the middle of nowhere. Once I drop into where I'm staying for vacation off the road trip, I'm eating local restaurants or cooking for myself if I'm out in nature. The fantastic food scene in my area is a huge factor in why I live here.
FWIW one can make the same comment about large US suburban home dwellers. Most of them just store stuff they rarely if ever use. Most of their less frequently used things are in varying states of disrepair and many of these folks would probably be better served by using communal amenities kept in good condition rather than storing sports equipment that they use once every 5 years in a dusty, mothball filled storage closet. Most folks in car-oriented US suburbs use their cars as mobile living rooms and do all sorts of illegal things (like makeup or doomscrolling their phone) in their car and only incidentally use them as transportation vehicles. But that doesn't stem the demand for folks who want to live in these homes.
The fact is, aside from job considerations, there are people who choose their density based on their actual preferences. One set of preferences may seem silly coming from a different set but that doesn't make them right or wrong; it just makes them preferences.