Economists Increase Inflation Forecasts Due to Trump’s Economic Policies

A group of 76 economists upped their inflation forecasts through 2027.

Trump’s Return Nudges Economists’ Inflation Outlook Higher

The Wall Street Journal reports Trump’s Return Nudges Economists’ Inflation Outlook Higher

Economists are starting to model the effects of President-elect Donald Trump’s plans to raise tariffs, cut taxes and restrict immigration. The upshot: Inflation and interest rates are likely to be higher for at least the next two years than forecasters anticipated before the election.

“Risks to inflation and interest rates are to the upside with a Trump administration,” said Augustine Faucher, chief economist at PNC Financial Services Group. 

In the latest Journal survey, economists also raised their inflation forecasts for 2026, projecting the CPI will rise 2.6% at the end of that year instead of the 2.3% they expected in October, according to the survey, conducted Jan. 10-14. That would still be a lower inflation rate than the 2.9% recorded in December.

The Journal asked economists what tariffs they assumed that Trump would impose. On average, those responding projected import duties would rise 23 percentage points on China and 6 percentage points on the rest of the world, for a 10-percentage-point higher average tariff on everyone. This, they estimated, would add 0.5 percentage point to the CPI inflation rate in the fourth quarter of this year.

“Tariffs are particularly ill-timed given the persistence of inflation following the pandemic-induced price shock,” said Joe Brusuelas, chief economist at RSM US.

Those changes in the outlook, combined with the possible effects of Trump’s economic policies, prompted Federal Reserve policymakers to bump up their 2025 inflation forecasts, as well.

Faced with stickier inflation, economists expect the Fed to keep interest rates higher through 2027 than previously forecast. The midpoint of the range of the Fed funds rate, currently 4.375%, is now seen ending the year at 3.89%, up from the October average projection of 3.3%.

Economists now expect the 10-year Treasury bond yield to end 2025 at 4.4%, up from an October projection of 3.7% though down from 4.6% Friday afternoon. All else equal, that would likely translate into higher mortgage rates by a similar magnitude.

CPI Forecast WSJ Survey

Economists inflation forecast, data from WSJ, chart by Mish

The journal provided a nice data download of 76 predictions.

I picked three widely recognized names out of the pack: Mark Zandi at Moody’s Analytics, Lawrence Yun at the National Association of Realtors, and Jan Hatzius at Goldman Sachs.

The numbers show vary divergent thinking. Yun and Hatzius have inflation bottoming in June of 2026, while Zandi and Amy Crews Cutts at AC Cutts & Associates have it peaking.

At 4.5 percent, Cutts has the highest forecast of any economist through December of 2027. But Cutts was not always the highest.

Selma Hepp at Corelogic was high for June of 2025 at 4.3 percent. Cutts was 2.6 percent.

On the Low Side

Sean M. Snaith at the University of Central Florida comes in at 2.0 percent for June of 2025 with Yun at 2.1 percent.

For June of 2026, James F. Smith at EconForecaster has 1.9 percent with Yun at 2.0 percent.

For December of 2027, Joel Naroff at Naroff Economics has inflation at 1.60 percent. He is also low for June of 2026 at 1.70 percent.

June 2025

  • Low: 2.0
  • High: 4.3
  • Average: 2.56
  • High-Low Spread: 2.3

Dec 2025

  • Low: 1.9
  • High: 4.2
  • Average: 2.69
  • High-Low Spread: 2.3

June 2026

  • Low: 1.9
  • High: 4.5
  • Average: 2.66
  • High-Low Spread: 2.6

Dec 2026

  • Low: 1.7
  • High: 4.3
  • Average: 2.57
  • High-Low Spread: 2.6

June 2027

  • Low: 1.7
  • High: 3.9
  • Average: 2.40
  • High-Low Spread: 2.2

Dec 2027

  • Low: 1.6
  • High: 3.7
  • Average: 2.32
  • High-Low Spread: 2.1

On Average

On average, economists forecast slow, steady improvement: 2.80, 2.69, 2.66, 2.57, 2.40, and 2.32.

On average, the Fed will be struggling for years, assuming it keeps its 2.0 percent goal.

Pessimists vs Optimists

If the pessimists are correct every month, we would see 4.3, 4.2, 4.5, 4.3, 3.9, and 3.7.

If the optimists are correct every month, we would see 2.0, 1.9, 1.9, 1.7, 1.7, and 1.6.

Recession Forecast

Only three of 76 economists have a 12-moth recession probability over 50 percent.

Amy Crews Cutts has the recession probability at 65 percent.

Brian S. Wesbury/Robert Stein at First Trust Advisors has recession probability at 55 percent as does Joel Naroff at Naroff Economics.

The average probability is 22 percent. Jan Hatzius at Goldman Sachs did not answer. Yun and Zandi are both at 20 percent.

James F. Smith at EconForecaster has probability of recession at 1 percent (a preposterous number). Christopher Thornberg at Beacon Economics has the recession probability at 5 percent, another preposterous number.

It’s possible there is no recession. But the range of things Trump might do and how China and the world might respond is so extreme that any forecast under 10 percent seems silly. Also the Fed might easily overreact to something it sees.

Difficult Inflation Projection

Republicans have a slim majority. My fear is Republicans will buy votes (more of this in return for more of that), resulting in a nasty brew of inflation.

If Trump gets his way with all of the economic ideas he has presented, deficits and inflation rate to soar.

However, this is not an easy projection because we do not know what Trump will actually do with tariffs, immigration policy, and economic policy.

Also Tariffs might prompt China to withhold exports of rare earth materials, shutting down chips, planes, and weapons manufacturing. Thus, tariffs could easily crash global trade, with uncertain outcomes.

My inclination is that economists are correct to factor in more inflation, but the path from here to there will not be anywhere near as smooth as the slow, steady average forecast suggests.

Finally, a quick recession could change many things, cooling inflation for now, with a nasty spring back later. That may be the rationale of Amy Crews Cutts.

Related Posts

How Much Revenue Can Trump Realistically Bring in From Tariffs?

Given that Trump, AKA Tariff Man, is going to hike tariffs, the key question is How Much Revenue Can Trump Realistically Bring in From Tariffs?

There are many moving parts to this question including Congress, retaliations, and consumer impacts.

January 15: Strong Upward Pressure on the Cost of Food, What’s in Your Basket?

By many measures the price of food is on the rise. Let’s discuss some charts.

January 18, 2025: The US Trade Deficit with China is Understated by as Much as 30 Percent

Normal trade math does not add up. US imports and China exports are not in sync.

My first, second, and third case is Trump will not bring in as much revenue with tariffs as he bragged.

If so, and Trump gets the economic policies that he seeks, deficits will soar with inflationary pressures.

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This post originated on MishTalk.Com

Thanks for Tuning In!

Mish

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rinky stingpiece
rinky stingpiece
1 year ago

…and yet, everywhere we look, there is deflation…. there is no inflation anywhere.

S P
S P
1 year ago

I’m not a fan of tariffs, but I failed to see how tariffs would increase the supply of money and credit?

Pokercat
Pokercat
1 year ago

What Trump will actually do with tariffs, immigration policy, and economic policy. He will huff and puff and declare victory while doing nothing worthwhile.

Matt Milner
Matt Milner
1 year ago

Has Mark Zandi ever been right about anything in economics?

steve
steve
1 year ago

Yes, there will be a burst of frantic inflation as many superpigs try to wring out every last cent they can steal before they are cut off and the deflation sets in.

misc
misc
1 year ago

Biden just finished the 1st fiscal quarter with a record federal deficit of $711 billion. Yes, he even surpassed the free money Covid giveaway The economists are forecasting that Trump will easily beat that ???

Brutus Admirer
Brutus Admirer
1 year ago
Reply to  misc

Indeed. That is the strange assumption underlying this inflation uptick prediction tied to Trump. Biden-Harris have spent as profligately as imaginable. They would have spent hundreds of billions more on making the taxpayer assume student debt but for the Supreme Ct. restraining them. There is no amount of money Biden wouldn’t have pissed into the corrupt Ukraine toilet.

Economists have become handmaidens to the ruling class. Not unlike the Catholic hierarchy supporting medieval monarchy.

Avery2
Avery2
1 year ago

El Salvador’s president, Nayib Bukele, says US taxes don’t fund government expenditures which are funded by printing money out of thin air. That process devalues US money which will soon be worthless.
This observation is about 112 years ahead of most in the U.S.

David Burros
David Burros
1 year ago

Come on Mish – We need to hear what you think about Trump’s meme coin. I’ve made my arguments and others have as well. What do you think?

RonJ
RonJ
1 year ago

“A group of 76 economists upped their inflation forecasts through 2027”

How many of them correctly forecast the 9% inflation spike in advance?

Richard S.
Richard S.
1 year ago

BREAKING NEWS: In his final act as president, Joe Biden pardons all three of his siblings and their spouses. What a total p.o.s. scumbag! You Trump detractors don’t have a leg to stand on.

https://abcnews.go.com/Politics/president-biden-pardons-family-members-final-minutes-presidency/story?id=117893348

David Burros
David Burros
1 year ago
Reply to  Richard S.

I completely agree – Joe Biden is an unethical POS. He is without a doubt the worst President in history. But lets stop worshiping Donald Trump. As I just explained, what he did with that Meme Coin was terribly unethical.

Richard S.
Richard S.
1 year ago
Reply to  David Burros

I personally don’t worship or even like Donald Trump. Although I did vote for him in 2024 as the lesser of two evils. However, any ethical missteps by Trump are child’s play compared to the influence-peddling Biden crime family and its mumbling, squinty-eyed retard leader.

David Burros
David Burros
1 year ago
Reply to  Richard S.

I agree with you about Biden 100%. But when someone does something wrong, you call it out for what it is. You don’t compare it to someone else’s bad behavior. Trump needs to do the right thing, not just to be better than Biden.

David Burros
David Burros
1 year ago
Reply to  Richard S.

Actions speak louder than words. You say you don’t worship Trump, and yet, you act just like his cult followers. You don’t compare someone’s behavior to someone else. You compare it to what is true and right and so far, not one has proven what I said about Trump’s meme coin is wrong.

Avery2
Avery2
1 year ago

Who had more put options on WBA last week, Uncle Buffy or Pelosi?

David Burros
David Burros
1 year ago

And this is the guy who’s going to save America?

President Musk
President Musk
1 year ago
Reply to  David Burros

This isn’t for investment … it’s to launder bribes. Silly serfs….

David Burros
David Burros
1 year ago
Reply to  President Musk

Whatever

Last edited 1 year ago by David Burros
Emperor Soros
Emperor Soros
1 year ago
Reply to  President Musk

Democrat voters are my serfs, enslaved by my media and tech billionaires.

David Burros
David Burros
1 year ago

According to Trump, this coin isn’t a security either. Really? Let me give you the definition of a security: Securities are financial assets that are purchased and held for investment. Well guess what? That’s why people are buying it. I cannot believe how unethical this is.

TexasTim65
TexasTim65
1 year ago
Reply to  David Burros

Everything you buy is not a financial asset or a security. Things have to meet certain requirements to be classified as such. Everything else is just personal property.

Lots of people back in the day bought Beanie Babies in order to hold them and in theory sell for more money later. But they were never mistaken for financial assets or securities.

Last edited 1 year ago by TexasTim65
David Burros
David Burros
1 year ago
Reply to  TexasTim65

Let me guess – Another Trump worshiper. Let me ask you a question, if Biden did what Trump just did, and created $43 billion out of thin air, would you be singing the same tune?

I cannot believe I have to explain this again. Everything you own is an asset and everything you owe is a liability. Its accounting 101.

I don’t know if you realize it or not, but every asset we own is an investment. If the asset grows in value, then its a good investment. If the asset loses value, then its a bad investment. And when you put an investment up for sale like Trump is doing these coins, then he’s telling the market that its an investment opportunity for buyers. Which means, Donald Trump completely lied by saying its not an investment opportunity. 

TexasTim65
TexasTim65
1 year ago
Reply to  David Burros

He DID NOT make 43 billion out of thin air.

He created a coin and sold it to people. No money was created from this any more than money would be created if they all just mailed him a check.

What he did, you or I or anyone can do. Doesn’t have to be crypto coins. We could sell our autograph or sell paintings we paint etc. When you sell something to someone you do not create money out of thin air.

Lee
Lee
1 year ago
Reply to  David Burros

You better not be an accountant or a financial advisor as your post is so full of misleading information and unfactual information that it defies belief.

David Burros
David Burros
1 year ago
Reply to  TexasTim65

And to say its not a financial asset, then what is it? Remember, people aren’t going to be holding these things like Beanie Babies. They are being held at an exchange. Remember, a crypto “wallet” is just like a brokerage account.

TexasTim65
TexasTim65
1 year ago
Reply to  David Burros

Why does it matter that they are held at an online exchange?

People used to hold their beanie babies in their homes and sell them online or at beanie baby shows (are you old enough to remember those times? I am). There is no fundamental difference between beanie babies and crypto coins. The only difference is it’s faster to buy and sell today than it was 20 years ago where you had to wait for FedEx to deliver the beanie baby you bought online before you could resell it.

Last edited 1 year ago by TexasTim65
David Burros
David Burros
1 year ago
Reply to  TexasTim65

If something walks like a duck, looks like a duck and quakes like a duck, then its a duck!

Let me give you the definition of a security: Securities are financial assets that are purchased and held for investment. Which raises the question – Are people buying this coin because they want it to grow in value? Of course they are! And if they lose money on it, they will be royally pissed.Just because the law says their not securities, doesn’t mean their not.

TexasTim65
TexasTim65
1 year ago
Reply to  David Burros

Instead I would say a fool and his money are soon parted. If you are confusing meme coins with investments, you are a fool.

No one I know would confuse the two things. It’s like confusing casino chips with investments. Do you confuse casino chips with investments or do you recognize the difference between the two?

David Burros
David Burros
1 year ago

Every asset we own is an investment. It could be a good investment like a house or a bad investment like a car that depreciates. And when you put an asset up for sale, like Trump did with those coins, then it becomes an investment opportunity. Listen, I hated Biden because he was trying to destroy the country. That’s why I was glad Trump won. But this is horrible behavior.

Flavia
Flavia
1 year ago
Reply to  David Burros

There’s no “asset” involved at all.

David Burros
David Burros
1 year ago
Reply to  Flavia

Everything we own is an asset and everything we owe is a liability. Its accounting 101. You’re acting just like the Progressives who don’t follow the facts when they say a dude with a penis can be a women.

Lee
Lee
1 year ago
Reply to  David Burros

Utter crapola.

David Burros
David Burros
1 year ago
Reply to  Flavia

If it wasn’t Trump you would be agreeing with me. But you’re in the cult so your blind!

David Burros
David Burros
1 year ago
Reply to  Flavia

If a person owned $100k of Trump’s coin and they went to a bank for a loan and the bank asked them for their personal balance sheet. Let me ask you a question – Would that person put their Trump coins on their personal balance sheet? Oh course they would. Just like they would with their 401k. Everything we own is an asset!

David Burros
David Burros
1 year ago
Reply to  Flavia

Lets look at it another way. If a person got sued and the court demanded that they provide their personal balance sheet. Let me ask you a question – Would that person put their Trump coins on their personal balance sheet? Oh course they would. And if they didn’t, it would be a crime. Everything we own is an asset!

Curt Stauffer
Curt Stauffer
1 year ago
Reply to  David Burros

As a former commercial lender, a former commercial credit officer, and a current investment manager, cryptocurrency “coins” are NOT approved to be used as margin collateral or collateral for traditional bank loans. You can put them on your personal balance sheet or in your brokerage account, but they will be removed by bankers and broker dealers when calculating collateral values.

David Burros
David Burros
1 year ago
Reply to  Curt Stauffer

Thank you for that. What you just said was logical and reasonable. But you need to understand what started this tread. Some guy said those coins are not assets. I agree with what you just said, so let me give you another hypothetical. If you lost a lawsuit and a court ordered you to give them your personal balance sheet, those Trump coins would be on there because its an asset that can be liquidated to pay off the judgement. And if you didn’t list them, it would be a crime.

Curt Stauffer
Curt Stauffer
1 year ago
Reply to  David Burros

Let’s agree that these “made up” “meme” coins are of no reliable value and an “asset” that has a marked to market based entirely on hype and opportunistic traders constitutes zero intrinsic value.

Avery2
Avery2
1 year ago
Reply to  David Burros

I’d rather have the 1976 Oscar Gamble baseball card, no offence intended to Trump.

David Burros
David Burros
1 year ago
Reply to  Avery2

Some people will say that they are buying the Trump coin for sentimental reasons just like a baseball card. Well let me ask you a question. If a person spent a million on Trump’s coins for sentimental reasons, but then the coin becomes worthless. Will that person be happy owning a worthless coin? Of course not! You see, in addition to being something sentimental, people look at these coins as a “Store of value” and a store of value is an investment. And when you put an investment up for sale like Trump is doing, the seller is telling the market that its an investment opportunity. But because people worship Trump, they can’t accept the truth. That in this situation, he’s being horribly unethical!

Curt Stauffer
Curt Stauffer
1 year ago
Reply to  David Burros

As an American and someone who believes that the Presidency is an institution that has over time come to represent certain values which engenders both trust and respect, I would like to hope that President Trump will value the preservation of this institution and tries to boost what will be his legacy. But, when he does these ‘grifty” things he just reminds everyone that he does not understand his responsibility to the institution of the Presidency of the United States.

TexasTim65
TexasTim65
1 year ago
Reply to  David Burros

You are mistaking personal property (things we own) for financial assets and investments (something that has to meet a specific definition).

A pencil you purchase to write on a piece of paper is not an asset for investment. It’s personal property. You can of course sell that pencil to someone else and when you do it becomes an item for sale, not an investment opportunity for the buyer of the pencil.

Last edited 1 year ago by TexasTim65
David Burros
David Burros
1 year ago

Are you freaking kidding me? Its not an investment??? Oh, by the way, where did the proceeds of this “Non-Investment” go?

David Burros
David Burros
1 year ago

Both $MELANIA and $TRUMP’s websites contain disclaimers saying the coins are “intended to function as a support for, and engagement with” the values of their respective brands and “are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type.”

TexasTim65
TexasTim65
1 year ago
Reply to  David Burros

So in effect he’s saying what you are buying is the equivalent of a limited edition numbered autograph (NFT is the more common name for unique digital items).

Things like this (numbered autographs) are sold all the time. What’s the big deal?

President Musk
President Musk
1 year ago
Reply to  David Burros

“Smeliana” lol!

Emperor Soros
Emperor Soros
1 year ago
Reply to  President Musk

If only you could spell, or is it smell?

David Burros
David Burros
1 year ago

Hey Mish – Love the blog. I am an Independent. Which means, I don’t hate Trump but I don’t love him either. I cannot wait to hear what you think about Trump’s crypto that he issued right before he became President. Since his job is to uphold the US dollar, this seems like a terrible conflict of interest. In addition to this its highly unethical. Trump’s people had the nerve to say its not an investment of any type.

Salmo Trutta
Salmo Trutta
1 year ago

Velocity would have to fall to lower inflation.

Rinky Stingpiece
Rinky Stingpiece
1 year ago
Reply to  Mike Shedlock

So where does all this inflation come from then, if credit is contracting and money supply is falling? If interest rates are dropping? Obviously the global halting of growth since spring 2022 has nothing to do with sanctions on Russia, does it.

Spencer
Spencer
1 year ago
Reply to  Mike Shedlock

Velocity is not a result. It is a cause. The Great Inflation is prima facie evidence.

JJK3
JJK3
1 year ago

Predictions are difficult, especially about the future. That said, we have a record. In Trump One the average inflation rate was 1.87% per year, so for those who think they think, maybe they should withhold their opinions. One thing we do know is that no one knows anything, least of all economists.

Curt Stauffer
Curt Stauffer
1 year ago
Reply to  JJK3

First of all, we do know a lot when it comes to history. We know that Headline CPI was very low prior to Trump taking office in 2017. 2013: 1.50%, 2014: 1.6%, 2015: 0.1%, and 2016: 1.3%. Thus, the average inflation rate, if you stated 1.87% average is correct was a rise from the prior five years, but well within the range that existed from 2009 to 2016. By the way, the same goes for Trump One economic performance such as GDP growth and job creation.

David Smith
David Smith
1 year ago

Trump’s tariffs seem a lot like the Smoot Hawley Act of 1930 raising impedance to imports to protect American domestic business but the response to Smoot was retaliatory tariffs on our exports that impeded our exports basically resulting in economic contraction, a major contribution to the 1930’s depression dragging on for years. The government’s ability to inflate was limited by the gold standard. partially ameliorated by the dollar devaluation by FDR. We do not have the gold standard imparting discipline to monetary policy so we can expect the Fed to ease even more radically to get their desired effect. It may or may not work short term, but we will get a large sudden injection of money coinciding with at best constant goods and services, but likely contracting with tariffs and other detrimental conditions, leading to more inflation. It may take time to sort out making timing difficult to predict but austerity like being experienced in Argentina is not a likely path forward for the US.

David Heartland
David Heartland
1 year ago

I do not have time, but if I did I would re-write the article and take each Inflation figure by 2.5 times to give us an accurate range with TRUE-FLATION numbers.

Anyone with a brain knows that Food had easily QUADRUPLED since 2020.

Eggs here in Cal and Oregon are 9 bucks a Dozen for Large white crappy eggs.

Richard S.
Richard S.
1 year ago

I don’t disagree that inflation is underreported. However, egg-flation is an outlier caused by the bird flu.

David Heartland
David Heartland
1 year ago
Reply to  Richard S.

Oh, I just used that as an example. BEEF (Ground): $13.79 a pound!

Woodsie Guy
Woodsie Guy
1 year ago

90/10 ground beef is $4.69 a pound in my neck of the woods (VA).

Curt Stauffer
Curt Stauffer
1 year ago

The food supply chain is fraught with disruption from weather and disease. Food prices should not ever be politicized. No government policy can mitigate weather disruption and logically more government food safety regulations are the only way to mitigate disruption cause by disease and contamination.

robbyrob Im back!
robbyrob Im back!
1 year ago

Here’s what Donald Trump is inheritinghttps://imgur.com/a/u27IVfF

Midnight
Midnight
1 year ago

These pardons are a further national disgrace. Can’t wait for your take.

Sentient
Sentient
1 year ago
Reply to  Midnight

Has he pardoned everyone behind Russiagate yet? Probably working on that now….

TexasTim65
TexasTim65
1 year ago
Reply to  Midnight

They are indeed. I expect at least one or more to be tested in court before Trumps term is over.

Never before has someone been blanket pardoned before they have been investigated or charged much less convicted of something. So the pardons make no sense.

Biden effectively says civil servants aren’t responsible for carrying out orders. If that’s true, a lot of Nazi’s would like a re-do of their trials.

Last edited 1 year ago by TexasTim65
Flavia
Flavia
1 year ago
Reply to  TexasTim65

He had more practical motives – wanted to keep them from experiencing financial and other stresses, that would result from being prosecuted.

Lee
Lee
1 year ago
Reply to  Flavia

They should face the exact same fate that the J6 people did and also spend a fortune to defend themselves as Trump did along with wasting their most precious asset: time.

Richard F
Richard F
1 year ago

Treasury Secretary Bessent said during his confirmation hearings what his thoughts were on Tariff policy.
Looks like USD has responded this morning Biggly.

So much for all these imaginary things espoused by economists.
Guess someone got paid for getting it wrong once again.

Richard F
Richard F
1 year ago
Reply to  Richard F

For those who didn’t listen he said in effect using the common peoples language, was sort of difficult to run a US re-industrialization policy with everyone else running a weak currency policy.

Richard F
Richard F
1 year ago
Reply to  Richard F

Keeping my fingers crossed but at long last US might actually have a real Treasury Secretary.
Someone not an Academic, DEI hire or Political Hack.

Rufus T Firefly
Rufus T Firefly
1 year ago

How many are left wing Keynesians? Reminds that four years agon”USA Today” said Republicans were wrong and Biden’s policies wouldn’t raise gasoline prices

SlipKnot
SlipKnot
1 year ago

The economists are providing cover for the FED. Inflation is caused by increasing the money supply, which is directly under the FED’s control. Government spending in the absence of FED open-market purchases would not be inflationary. This means the FED knows the inflation stats are going to rise. 

Therefore the economists, acting as its levitical priesthood disbursed throughout the influential institutions of the land, are going to work now in an attempt to control the narrative and lay blame for the inflation on a believable scapegoat.

When the FED keeps rates higher for longer, or even raises them, and we get a recession, or the market tanks, or both, it does not want to be blamed.

PapaDave
PapaDave
1 year ago

Trump promised to make inflation disappear. So the economists must be wrong. In fact, they should just stop measuring inflation, since it will no longer exist, and almost no one believes their numbers anyway. That’s a saving in time, effort, and energy right there.

Trump has vowed to declare a national energy emergency as soon as he takes office Monday, months after promising voters that he would cut their electric and gasoline prices in half in the first year of his administration.

The president-elect reiterated as recently as Dec. 22 his intention to declare a national emergency on energy on the first day of his administration. He vowed to issue a series of executive orders to reverse Biden administration policies on natural gas exports, drilling and emissions standards.

I encourage everyone to record the prices of gasoline, diesel, fuel oil, natural gas, and electricity today. We can then follow the President’s progress throughout the year in cutting these prices in half.

As always, I say let Trump do whatever he wants to do. This is a great real world experiment in economic policy. Let’s see how much money his tariffs will bring in to the government.

I also look forward to see how much Trump will make from his $Trump coin. I already bought a large amount of $Trump myself. And I encourage you all to follow my lead.

Welcome to the Show!

TexasTim65
TexasTim65
1 year ago
Reply to  PapaDave

Did you buy some Melania coin too?

One or both likely to be the official crypto of the US government before his term is over.

Flavia
Flavia
1 year ago
Reply to  PapaDave

How long will you hold that – I’m guessing “not very”.

JayW
JayW
1 year ago
Reply to  PapaDave

And anyone who honestly believed Trump when he was making these exaggerations, is very gullible. Moreover, Trump isn’t the first or the last to make exaggerations. I distinctly remember Biden saying he was going to be the great Uniter. Well, we know how that went.

PapaDave
PapaDave
1 year ago
Reply to  JayW

It doesn’t matter whether you believe what Trump says or not. As long as you can take advantage of it. I am enjoying the Trump Show already! And I intend to profit from it all. How about you?

JayW
JayW
1 year ago
Reply to  PapaDave

I’m not a crypto guy, but I am making sure that I’m buying SMR stocks as well as other energy sector stocks. I’m hopeful that NEP holds up with their earnings Thursday. It currently yields 20% which I’m sure will go down some, but even if it’s cut in half, then 10% is still fantastic. The price will fall, allowing me to my position at a lower NAV. I also found Energy Transfer with a near 6.5% dividend. Last, I found QYLD with is a technology ETF with a crazy high dividend of 12%+. It has all of the big tech stocks, but is able to churn out a big dividends through covered calls.

Rinky Stingpiece
Rinky Stingpiece
1 year ago
Reply to  PapaDave

I already profited it from it, I built a time machine with my enormous winnings, and kept coming back to 2024 to invest again forever, because I have infinity money, and all my stock picks are better than everyone elses.

Rinky Stingpiece
Rinky Stingpiece
1 year ago
Reply to  PapaDave

There is no inflation… there is plenty of deflation, so it’s an easy prediction… the missing component is that the deflation is accompanied by declines in global trade, and increases of lay-offs, and declines in salary, with a skills, debt and demographic crisis.

AndyM
AndyM
1 year ago

I am not going to lose my sleep over these ‘expert’ projections. For all we know, Trump policies will likely be all over the place and cause a lot of chaos. But rest assured that the priority will be to cut taxes for the rich and rise tariffs, but without rising wages, we are more likely to see a deflation and a recession. Who knows, really.

JayW
JayW
1 year ago
Reply to  AndyM

The top 1% pay 40% of all taxes and have an average marginal tax rate of 23%+ or more than 6x the bottom 50%. The top 50% pay 97% of all taxes. If he gets all three of his major, new tax cuts, all of that money is going to the non-wealthy. In return, he’ll have to raise of end the SALT cap which maybe what you’re talking about. Remember, everyone got tax cuts in 2017, so you shouldn’t lose sleep over the rich getting tax cuts just like you.

Last edited 1 year ago by JayW
Thetenyear
Thetenyear
1 year ago

Happy King Day everyone especially our once and future King Donald John Trump!

JayW
JayW
1 year ago

Headline CPI has risen from 2.4 in Sept to 2.9% in Dec. Core CPI has been bouncing between 3.2 & 3.3% and yet the Fed has cut 100-BP. I like how the first graph suggests this rise in inflation will be transitory, lasting only through 2025.

Stu
Stu
1 year ago

– A group of 76 economists upped their inflation forecasts through 2027.
> Here we go again with the “Group Of X,Y & Z and with their same negative forecast. I will be more apt to believe 17,278 Economist, than the easily bought and paid for 76, 151, or whatever number they settle at.

– The WSJ reports: We paid for, I mean go along with, I mean we assume, no meant agree with, what was that “Group Again” and How Many again, I know it off a bit from our last count we had…
> Sounds about right, but that’s not what they said now, IS IT?

– Economists are starting to model the effects of President-elect Donald Trump’s plans to raise tariffs, cut taxes and restrict immigration.
> They can’t even wait until Trump is actually in office, and has an actual plan, announced and reviewable for comment. Nope! They “Much Prefer” to Make It All Up!!!

– The WSJ asked economists what tariffs they assumed that Trump would impose.
> So because the WSJ asked what was “Assumed” the economist based there “Opinions” on what was “Assumed” Nicely Done Pinheads!!! Nice usable Information right there… NOT!

>> Then The WSJ journal provided a nice data download of 76 predictions. So now they can use 76 Excuses, and At 76 Different Times, because 76 people Predicted so, and we know how trustworthy those 76, or is it 151, oh wait, it might have been ONLY 7 but they were unnamed… I’m confused obviously, can they start over, but after the Election, and with “FACTUAL INFORMATION PLEASE”

Richard F
Richard F
1 year ago
Reply to  Stu

All part of what Vice President Vance deemed the Dumpster Fire Trump administration is being handed.
He also at least added some encouragement by saying Trump was good at fixing things.

Stu
Stu
1 year ago
Reply to  Richard F

Correct, and they keep added fuel to the fire, until later today that is!!
I truly thought he would try to “Pardon All Democrats (The Party) in one swoop! Not legal probably, but He would know or care about that…

Richard F
Richard F
1 year ago
Reply to  Stu

Coming up on 2 1/2 hours to go and there are many foot soldiers who are finding out they are expendable.
Lot of red pilling coming to a Democrat near you this morning.

Richard F
Richard F
1 year ago

4 more hours to go.
Economists, maybe they can get Biden to preemptively pardon them for getting things wrong as often as common person.

Sentient
Sentient
1 year ago
Reply to  Richard F

Biden’s people are too busy listing out everyone behind Russiagate so Biden can pardon them. And himself.

TexasTim65
TexasTim65
1 year ago
Reply to  Sentient

He just have just issued a pardon for anyone who voted Democrat. Would save time listing all those people one by one.

What a joke his pardons are.

Last edited 1 year ago by TexasTim65

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