Over half of manufacturers have increased prices. Another 26 percent intend to. And 47 percent expect to raise them again.
Tariff Cost Pass-through
Please consider Tariff Cost Pass-through Among Fifth District Firms by the Richmond Fed.
With tariffs top of mind for many firms in the Fifth District, the Richmond Fed’s August business surveys sought to understand how firms have reacted to changing trade policy. As we saw in our March surveys and May surveys, firms continued to report heightened uncertainty around tariff policy. For some, this uncertainty has led to concerns about earnings and the effects on customers. One commercial laundry machine manufacturer stated, “We cannot predict cost for products, which means we have no idea as we sign contracts if we will be able to build the equipment and cover costs or make profits.” Meanwhile, a factory equipment manufacturer stated, “I am very concerned about the impact of tariffs on my customers.”
Cost Uncertainty Prevails Among Respondent Firms
Uncertainty resulting from frequent changes in trade and tariff policy can hamper businesses’ ability to plan long term. According to our August surveys, almost 30 percent of firms were not at all certain about their input costs for the remainder of the year. The uncertainty went beyond just those firms affected by tariffs: Sixteen percent of firms that reported not importing products subject to tariffs were not at all certain about their input costs for the remainder of the year.
Thirty percent of firms were only slightly certain about input costs. That means that well over half of firms are relatively uncertain about what they will be paying for inputs in 2025. This was especially prevalent among manufacturing firms, where 44 percent reported that they were not at all certain about input prices for the remainder of the year.
A vehicle parts manufacturing firm reported, “Over the past 20+ years, we have developed good relationships and a reliable, stable supply chain. The tariffs and the threat of tariffs have completely upended that … we will have to increase prices to our customers or make less margin or, most likely, both.”
Half of Firms Are Directly Affected by Tariffs
In our August surveys, 46 percent of respondents reported that all or some of their imported products are currently subject to tariffs, while 45 percent of firms noted that they either do not import products from outside the country or that their imports are not subject to tariffs.
Almost three-quarters of manufacturers reported direct tariff impacts, compared to only 36 percent of non-manufacturing firms.
Cost Uncertainty Prevails Among Respondent Firms
Uncertainty resulting from frequent changes in trade and tariff policy can hamper businesses’ ability to plan long term. According to our August surveys, almost 30 percent of firms were not at all certain about their input costs for the remainder of the year. The uncertainty went beyond just those firms affected by tariffs: Sixteen percent of firms that reported not importing products subject to tariffs were not at all certain about their input costs for the remainder of the year.
Service sector firms (66 percent) more likely to report certainty than manufacturers (52 percent). Nonetheless, there were service sector firms that reported ripple effects of trade policy changes. For example, one professional services respondent reported, “My firm supports businesses that import materials from other countries, so we are impacted by their ability to invest in professional services based on increased costs and supply issues related to tariffs.”
Most Impacted Firms Have Increased Prices, Many Plan to Again
Some firms remain in “wait and see” mode as uncertainty around tariff policy and input prices persists. However, most impacted respondents have begun passing along tariff costs to their customers by raising prices. Of the roughly half of firms that reported direct tariff impacts, nearly 60 percent of them have already increased their prices due to tariffs, and most of these firms plan to raise prices again. In contrast, about 25 percent of firms reported that they have been impacted by tariffs and plan to raise prices but have not yet. For example, a South Carolina transportation manufacturer plans to pass on tariff costs but has not yet due to concerns about demand for their product. As they explained, “Tariff cost transfer to customers is creating the largest earnings uncertainty in our 2026 business plan.” Fourteen percent of respondents who reported being affected by tariffs were unsure about whether to adjust prices.
When Might Firms Implement Price Increases?
Many firms anticipate raising prices this year. Almost one-quarter of respondents that are impacted by tariffs have not increased prices but plan to. Roughly 50 percent of these firms expect to increase prices before the end of the year. Another 29 percent expect to start passing through in 2026, and 21 percent are not sure when they will start passing through costs.
Another 45 percent of tariff-affected respondents have already increased prices and expect to increase prices further. Nearly 70 percent of these firms expect to raise prices by October, and few anticipate waiting until 2026. In other words, firms that have increased prices already expect to increase prices again sooner than those firms that have yet to increase prices. Still, many firms continue to be unsure about the timing of their next price increases. A North Carolina transportation company reported that they have begun passing through tariff costs, but they are waiting until next year to increase prices further, noting that “We have found demand softening, which has led … to much more price competition. …“
Conclusion
Results from our August business surveys suggest that many firms in the Fifth District are still facing tariff-related cost increases as well as uncertainty around precise tariff impacts. These cost increases are prompting some firms to raise the prices they charge customers. However, not all affected firms have raised prices yet. A previous post illustrated the factors that complicate firms’ tariff-related pricing decisions, and our surveys indicate that many affected firms will institute price increases through the remainder of this year and into next year.
Who Pays the Tariff?
Trump says the exporters.
Wealth Professional reports Americans may face bulk of tariff costs Goldman Sachs says but Trump says no
Goldman economists project consumers to absorb 67% of tariff costs by October
Meanwhile, the Richmond Fed survey of businesses shows 51 percent of manufacturers have already raised prices.
26 percent intend to. And 47 percent expect to raise prices again.
But’s that’s OK because there is no inflation.
Trump on Inflation
Let’s do a spot check on Trump’s claim “No inflation, Prices of Gasoline, Energy, Groceries, and practically everything else, are DOWN!!!“
PCE Month-Over-Month
CPI Month-Over-Month
PCE and CPI Percent Change Year-Over-Year
PCE and CPI Inflation Year-Over-Year Lows
- PCE bottomed at 2.10% in September 2024, now 2.60%.
- Core PCE bottomed at 2.63% in June 2024 (2.61% April 2005), now 2.88%
- CPI bottomed at 2.44% in September 2024, now 2.70%.
- Core CPI bottomed at 2.79% in March 2024, now 3.06%
Is this no inflation? Is it even sustained progress?
Related Posts
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Our Insurance went up by $2,000. Then another $2,000. Here’s our story.
August 12, 2025: Where Do You Spend Money on Food? How Screwed Up Are the BLS Weights?
Does the BLS match your budget?
August 14, 2025: Producer Prices for July Unexpectedly Rise the Most Since March 2022
Producer prices were high across the board in July.
August 29, 2025: The Fed’s Preferred Measure of Inflation, Core PCE, Rose Again in July
Core PCE up 0.3 percent from June and 2.9 percent from a year ago.
But hey, don’t believe me. Don’t believe the Richmond Fed, and don’t believe your lying eyes either.
Believe Trump. There is no inflation. There is no other choice for those afflicted with Trump Worship Syndrome (TWS).
Aren’t crop prices down?
Yes they are down but have rallied hard over the long thinly traded weekend. It could be intervention? Loadings are the question if GDP has been influenced by crop prices and a return of exports?
Ask some farmers to their faces and see how they react
Q3 GDPNow Shoots up to 3.5% with a massive increase in net exports. Nice!
GDPNow – Federal Reserve Bank of Atlanta
Not exactly the recipe for a rate cut or justification for taking the Federal Reserve over.
At least trump won’t fire them! 😉
An inflation bit from todays Oil and Gas Journal:
Natural gas spot prices at Henry Hub averaged $3.19/MMbtu in second-quarter 2025, compared with $2.09/MMbtu for the same quarter a year ago. US marketed gas production averaged 117.6 bcfd in the quarter, up from 112.1 bcfd a year earlier.
Natural gas is also used to make fertilizer. So, Mr. Farmer, how do you like Trumps effect on fertilizer prices?
Most Farmers did not see Trump selling them out again,,, I did!
Elections have consequences!
“The WTI–WCS (Western Canadian Select) spread continued to narrow through mid-2025. The discount averaged $21.90/bbl in fourth-quarter 2023, By second-quarter 2025, the spread had contracted further to around $10/bbl.”
So ~~~ The price paid increased to Canada and the profits for our refiners shrunk.
The CONSUMER IS PAYING a large percentage of THE PRICE INCREASE. This includes farmers like me,
Thanks Donald Trump!
He screwed the American refiners and the consumers, Canadian producers win and the Canadian government reaps higher tax revenues, This is “Winning?”
Who does Trump work for?
>
Check his W-2.
Yeah, everyone in my neighborhood has their heat turned off today.
No big deal.
The bond market hasn’t been able to price anything since the FRB switched from managing the money supply (which they can do directly) to trying to control interest rates. There’s a sucker born every minute.
The Fed continues to regulate the economy through money supply, They have drawn out over $2.6 trillion since Trump brought our economy to a standstill last term.
A mere trifle. They have a long way to go to get back to a “normal” balance sheet.
Correct again! Draining the other $6 trillion is not going to be easy or painless.
However they have drained well over what went in during Biden’s recovery and now ~ all of the inflation we have is what was injected under Trumps nightmare and the housing crisis.
Yikes!
The insurance extortionists will get theirs first. It will be sloppy seconds for the rest.
Interesting insights on the challenges manufacturers are facing with pricing. Your perspective on economic trends is very thought-provoking. If I get the chance, I’d love to learn more about your work and ideas
Product pricing is exceptionally difficult as well as what materials can be purchased at what price. Catalog companies that do business with a digital printer I know are not able to price their Fall/Winter items because they have no idea what the tariff will be??? At least a few percent are delaying publication and purchasing of winter inventory.
I ordered something from Greece last week before the tariffs, it has been delayed and I may never see the item? Will I get hit with a $80 tariff on a couple $59 items?
Who knows what items have what tariff?
Nothing can be relied upon and ~ again ~ trump is crippling our economy just like he did during Covid!
I was told that Trump was going to make things great for renters, blacks and latinos…..
https://www.wsj.com/economy/jobs/black-american-unemployment-rates-866f2c45
Guess Trump/GOP aren’t that great for blacks after all.
You reap what you sow suckers.
What Trump says, and what he does, are different things…
Trump? That is what every politician does. Why expect any different?
Trump ran and won on a platform of draining the swamp and fixing the budget deficit.
HE LIED to his constituents and worse ~ to himself!
Trump is not right about everything. Never will be.
Its less than 8 months into this term. Give me a break.
So where would we be now with Kamala Harris or whomever pulling the strings?
St. Vlad can make The Swamp disappear in about a half hour.
LMAO, I do not doubt that is a factual statement LOL
Trump always willing to show the world that he is a financial and econmic illiterate! As always though, those with TWS simply do not get it, sad.
And rate cuts will fix this.
/s
Ah, the party of small government and free markets.
It is the party that impeached Clinton for getting a blowjob from a consenting adult and is co-conspirator in protecting a pedophile that raped and trafficked young girls.
Drooling hypocrites…
Otherwise known as Evangelical Christians.
Correct, Evangelicals have protected pedophile priests, popes and now? an American president.
Disgusting perverts!
Pelosi gave Pence a medal for it on J6.
LOL. Do you really think if there was that evidence the Democrats would not have released it???? That is laughable.
Democrats are still in control of the CIA,FBI, media.
Its Bill Clinton they are protecting but hey Trump lives in your head.
Seriously? It is clear that Clinton did it as well as Trump, but the Republicans have not released that evidence in order to protect Trump.
When Clinton was in office they did not have the evidence ~ now they do! As far as I am concerned they should go after him as well!
Prince Andrew has gone Scott free as well as a host of other pedophiles that the Republicans are protecting. As such, the Republicans are co-conspirators and are complicit in the crime.
It was not the blow job that screwed Clinton ~ it was the cover-up!
Republicans are now accomplices in interfering with the investigation of a crime.
Interesting that you do not have a moral compass that considers the sex trafficking of young girls to be criminal.
Your Bad!
Go after Epstein and let the chips fall where they may.
Its you lefties protecting Clinton.
And I love how you guys get to call Trump or anyone for that matter a pedophile or rapist.
Smart ass posing as a journalist Stephanothingness got ABC sued for calling him a rapist. Some of you clowns ought to show your proof that Trump is a pedophile and or rapist or maybe you should get sued too or just STFU.
Clinton didn’t use an exploding cigar.
The largest media company is NewsCorp. Owner of FOX!
Democrats control FOX?
Send us a link to where you get your tinfoil hat?
Sheesh!
oh gee the 1 station that is “right wing” meanwhile 99% of TV and the media are democrats but hey ok whatever I guess Fox “Trumps all that”
And I want to add, I have not watched Fox news in over 30 years.
You see you liberals living in your democrat echo chamber think that anyone that disagrees with you is either a nazi or a hick or a redneck and watches fox news
You democrats are now the epitome of arrogance.
Im not a democrat! I’m a Reagan Republican turned into a disenfranchised American that laments the suspension of the rule of law.
Please list the laws that were suspended.
Due Process, for Lisa Cook and for all illegal immigrants who don’t get a hearing before a judge. I care not for your “Due Process can’t be given to illegal immigrants because it is too inconvenient” laments. Due Process is what it is, if you ignore it for one, you cancel it for all or you are discriminating.
Wish there were more GOPers like you who rue Trump and the GOP ignoring the rule of law for their power trips.
Aren’t the tariffs on aluminum too high for that?
LOL.. Good one
Nope! Trump says they have new technology to magnetize Aluminum so only one layer is needed! 😉
He was bombing the Serbs at the same time.
Indeed he was, sadly, the former Olympic venue is now a wasteland…
They didn’t impeach him for getting a BJ. They impeached him for lying about it under oath.
No inflation according to pedophile Trump?
As the owner of a midwestern farm, I am acutely aware of the inflation in local gasoline and fertilizer prices. The day of the election, regular gas was $2.96 per gallon. Today it is $3.45.
Fertilizer? OUCH! Urea up 3%, Anhydrous ammonia up from $700/ton to $768, Potash up from $425/ton to $519/ton ~ at the moment.
All of the increase is on Trump and his tariffs. Canadian oil producers now realize that the midwestern refineries are addicted to their oil and they have increased prices to our refineries. Our relationship with Canada has changed on a fundamental basis due to a lack of trust and get what you can from the stupid Americans that voted this asshat into office ~ again.
It is not like Trump handled Covid without effectively shutting the nation down.
Brainwashed = Foxwashed!
I remember when Sweden was roundly criticized for not shutting down. I remember when Desantis started opening up Florida, it was claimed that a million people there, were going to die. Mainstream media is propaganda. They lied to us all during Covid. Still are.
Gasoline in L.A. is average 4.65. It was just announced the Philips refinery is closing down, due to state Democrats climate policy, which will drive up prices even more. If a second refinery in northern CA is closed, speculation is of up to 8 dollar gas.
So ~~~ Exactly did Trump shut down America?
That was Fata$$ in Illinois and The Wicked Witch Of Michigan – before she kidnapped herself.
DeSantis didn’t completely open up Florida. He let cities and businesses stay as closed as they want. And he continued to require that locations with high risk patients stayed closed. He followed more of a Swedish model than a libertarian one. But, politically, it benefited him to let people think that he just required everything to open up, so he could campaign on the “Free State of Florida”, where you can’t smoke pop or do any other drugs as you might be free to do in other countries, have abortions, drive over the posted speed limit, or partake of any other liberty not expressly approved by the government.
And those idiots want Newsom to be the next president. Idiocy. CA should fall into the ocean. Then… oceanfront property in Phoenix.
I’m going long on ULTA stock again.
Can you imagine the hair gel that clown is going to need during the campaign???
Oh come on you people don’t even have a sense of humor
Reality has transcended absurdity.
LOL
OOPS, So exactly why did trump shut America down?
He lost an arm wrestling contest to Tony Fauci.
LMAO
IQ test for you?
Sweden ended up with a much higher death rate than their neighbor Norway, which had very strict public health restrictions, which just make sense if you grew up with a large animal veterinarian for a father.
Pedophile? You have proof of this? Thats is a pretty serious accusation to make.
I guess you can just say anything you want now.
And it gets 9 upvotes. Wow
To quote Donald J. Trump in an interview on the Howard Stern Show in regard to sex with young women. “I have no age limit”.
Of course opening the Epstein files and all of the surveillance video from the “lolita Express” and Epstein’s Island would be fair game in the discovery process.
With the exception that your CONgress is complicit in concealing the evidence…
We have the best government that money can buy!
Didn’t know farmers had that much idle time to monitor the teevee.
I continue to observe that when a person’s arguments are weak, they try to strengthen their position by insulting their opposition.
Come on now. We must believe Trump and ignore the facts so we can sleep well.
Key indicators of a cult include:
Unquestioned authority and absolute power by a leader or leadership group, without accountability.
Intolerance for criticism or questioning of the group or leader.
Financial opacity where members lack transparency about finances or are controlled financially.
Fear of the outside world often portrayed as dangerous or conspiratorial.
Demonization of ex-members as wrong or evil.
Abuse of members, including psychological, physical, or emotional.
Members feeling perpetually inadequate or unable to meet the leader’s expectations.
The leader is seen as infallible and the exclusive source of truth and validation.
Members are subjected to mind control tactics such as love bombing, thought reform, isolation from outside influences, and strict behavioral controls.
Members often cut ties with family and friends, show extreme devotion to the group, adopt group-specific language, lose independence, and tolerate abuse to prove loyalty.
Leaving the group is forbidden or heavily discouraged, with punishment or shunning for those who leave.
These indicators reflect manipulation, authoritarian control, and psychological dependency designed to maintain obedience and loyalty within the group, often at the expense of individual well-being and freedom.
A psychiatrist explains why Trump & MAGA is cruel.
https://www.youtube.com/watch?v=4T8jF8BEeCM&t=28s
Trump appears to idolize dictators and wants to be one himself.
I remember when the unvaxxed during Covid, were shunned. Family members refused to allow unvaxxed members into their home. Biden said he was losing his patience with the unvaxxed. We were somehow unpatriotic. Someone who made a video of his tour of the Paramount Studios, said tour takers had to provide proof of Covid vaccination. Other venues in L.A. required vaccine cards for admittance. California even passed a law requiring doctors to lie to their patients about Covid treatments or face punishment. It was all rather cruel, considering that the Covid shots were neither safe or effective. The mainstream media still isn’t allowed to leave the false narrative of safe and effective, as if being held in a cult.
I remember when Dr. Wen questioned Trump’s health, then went silent running during Biden. Is the psychiatrist a Democrat?
Yeah. Perfect. And you all believed Fauci. Fools. Florida got it right
You mean like the guy who shook hands with thin air? Sleepy Joe ??? Yeah! That guy. Awesome President!!! Running the country from his basement. And the coverup by the Left!!! And the press???!!
Yeah. You guys are dumb
Trump says he has lowered pharmaceutical prices by 1400%; 1500%. Maybe more. And the MAGA morons eat it up.
“Maybe” Trump will soon lower ALL prices by 1500%. And we will have deflation. Right Ben? Your favorite argument is “maybe” this will all work out.
“Maybe” all Trump’s tariffs and policy uncertainty will spur the massive investments that MAGA morons believe are coming.
“Maybe” the Golden Age has truly begun.
I don’t think there are many MAGA people anymore. There are people who voted for him over Harris. Whether or not they regret that or would do it again is immaterial. Vote for MAGA, get MIGA. We’re still directing Ukrainian strikes on Russians. We’re still supporting the holocaust in Gaza. We’re still fomenting regime change operations around the world. These tariffs are obviously haphazard and arbitrary. Blatantly unconstitutional executive orders telling states how to run elections are dumb theater. Spending has ballooned when it should have been curtailed. Democrats should have an easy time in the next couple elections but they probably won’t because they can’t help saying “pregnant people”
I don’t vote. I don’t care which party wins. I only look to take advantage of the opportunities presented to me.
Like Mish, I simply point out stupidity.
“ I don’t think there are many MAGA people anymore.”
I find that hard to believe. But even if true, I am responding to Ben, who screams MAGA proudly in almost every stupid post he writes.
At a cars and coffee on Saturday the MAGA red hat crew did not wear their hats ~ excepting one old guy that wore a “Trump” hat in brown.
Not one of them went into their usual political blabber.
Drums are beating in the distance for that tone deaf Trump and his sycophants.
Trump is of course systematically dismantling democracy and disregarding the rule of law.
25th amendment time is over-due!
Does not matter. Project redmap and the recent supreme court ruling on gerrymandering means the republican party will not have to rely on independents moderate republicans and the weak maga supporters.
Anything is possible. But in my experience, the stupid and gullible rarely wise up.
So I guess Joe Biden had this country running well?
Remember the border? At first it was oh ignore those lying white republicans. Then it was the border is under control. Then 100,000 people where in NYC getting shipped up to Poughkeepsie, Albany and 25% of the NYC hotels were taken up by migrants. The government printed money out of thin air to house clothe and feed them and oh a free cell phone but yeah Trump is to blame for 100% of inflation.
Do you guys do anything right anymore?
The problem is you liberal arrogant morons think everything you do is right and everything everyone else does is wrong.
I disagree with Trump on a lot of things. But I will take him over whomever was running the country under Biden.
Carry on virtue signaling from your lilly white neighborhood.
Thank you!!!!!
Yeah. Like Dumb Biden and even dumber Obozo.
Nixon masks never went out of style.
There are plenty of MAGA people PapaDave. It just depends on your location. The cities it seems, but I will just speak of NY and all its cities are almost 100 Liberal Democrats. Outside of most cities are MAGA folks. I voted for Trump. I’m not a MAGA fan and there is a difference. And Trump made inroads in NYC gathering more of the black & latino base. Know where near enough of course.
So you were here pointing out all the Biden stupidity for 4 years?
Curious, why do you not vote?
I don’t vote because it is a waste of my time.
I am always amazed how stupid people are to think that everyone picks sides. And if you criticize one side, then they think that you MUST support the other side.
As soon as I criticize anything Trump does, people start telling me about the crap that Biden did. Like I f*cking care what Biden did now that he is gone.
When Biden was President, I criticized plenty of things he did. I criticize all forms of stupidity.
But I also look to take advantage of the opportunities that each President provides. Whether the President is Biden, Trump or someone else.
Biden isn’t President anymore. I don’t pay him any attention now because he cannot provide opportunities any longer.
I only pay attention to the current President. Because that’s the person who makes the decisions that I can take advantage of.
Mish is the same. He criticizes stupidity whether it is Dem or Rep.
However he does vote. Just not for either party.
Well then I stand corrected if you have been criticizing Biden.
But the damage Biden and his administration caused is not over.
Again we are housing clothing feeding and everything else for these illegals. And now when an illegal whom(besided having committed a crime by being illegal) whom has convictions of other crimes and we try to send them back the left intervenes. So Bidens mess is adding to the cause of our troubles today.
I’m sorry, I don’t get the not voting. Then why should anyone even care what you say? Are you saying your vote is worthless because it won’t matter because our elections are now rigged?
Our election system isn’t perfect. No system is. Though both parties “try” to rig it to their advantage. That’s because of the electoral college system which allows someone to lose the popular vote, but win the electoral college. Witness Texas and California recently. However, I feel that the safeguards we have in the system prevent large scale fraud that would change the outcome.
All of which means I disagree with the cult morons here who say that Biden stole the election. That’s not because I care who won the election. It’s because of the safeguards in our system that prevent it.
As always, I cannot change our system. I also cannot change the two parties that we have. And I do not support either party, because I think they are both useless. And my one vote will never change the outcome of the election. So why bother to vote at all.
Better to focus on how to take advantage of the opportunities that each party provides when in power. I have grown my wealth after every election, no matter who won.
Like Mish, I enjoy the right of free speech to criticize our government when they do stupid things. And they do a lot of stupid things.
We are still the greatest country in the world, with all our imperfections.
But I have to add, 2020 was not the usual election .
I’ll leave it at that.
The US was the greatest country for much of my lifetime and I consider myself fortunate to have been born here. I have taken advantage of the opportunity that this country gave me to build a wonderful life. And I continue to look for more opportunities.
What I don’t like is the direction we are going. We are stifling education, entrepreneurship, science and truth. In many ways we are headed backwards. I know I can’t change this, but it doesn’t mean I have to like it.
I often mention how China is replacing us as the country that will dominate the future. Just as we replaced the UK.
Make Ignorance Great Again?
His post clearly points to I = Israel. There are lots of things to take Trump to task for but most of the replies these days are just garbage.
One point is this notion that those that voted for him regret their vote–note to Dems, you gave us Clinton/Kaine, Biden/Harris and then Biden/Harris again so I’m confident that’s not true even if there are things we don’t like.
I agree Bill. Great points.
Do Democrats ever look in the mirror and see what they have done on and off for the last 18 years????
All they do is complain. Never have a solution.
They have to make Trump be so evil so that they can take the peoples eye off of all the destruction they have caused.
The Democratic party should be required to be registered under FARA.
Make Israel Great Again
Mish. You are missing the big picture. You know… the one about for every time there is a season… to plant 🌱 to sow to reap to harvest to burn the stubble to till it up to fertilize to water and. Here is the big AND. To plant 🪴 some different seeds…. But you gotta take a wrecking ball to the old way in order to give birth to a new way.
There is a new cycle coming for the next 80 years. And it is starting now. And you get to be a part of it. Isn’t that great. I think it is exciting.
Painful, true. But exciting.
Let’s see. What will we the people plant next???
I wish for all of us the very best
Yep. 80 years of almost uncontrollable global warming. Coming your way. Enjoy!
Awesome kool aide you drink. You really are not as smart as you think you are. And you have a tremendous opinion of yourself. And you have fooled your blind followers. Hillary, Joe. Odumbo. All will be brought to justice. History matters. And I am ashamed of you that you don’t vote. You call yourself a citizen? An American?? You are an idiot. You might want to look up the definition of that word. It’s from the Greek.
BTW. Read your Marx. He was adept at fooling people too
Lol! Thanks. I enjoyed your post.
Even if it’s true that they’re hiding their hats now, they own this f##king mess anyway… It’s beyond infuriating that better people than them will have to suffer and work for years to undo this damage, if they even can at all. MAGA trash are exactly the type who will never accept responsibility and never clean up their own mess and mistakes.
Go door to door and tell ‘em what for.
On the Ukraine war. Do you think its the entrenched swamp elected and not elected in government, Victoria Nuland comes to mind that are the ones forcing us to continue to be involved & funding this war?
Sounds like Trump was at least trying to mediate this. What the hell did the Obama & Biden Admin do? They are more to blame for this than Trump.
Having said that the Republican party has earned the right to be called the War party and I do not side with them on that, and can admit when I was wrong on past American war mongering.
I think Trump will play a big part in ending this war before his term is over. And Democrats & European lefties will find a way to complain about that.
And if you think Putin wants to conquer Europe then you have Putin Derangement Syndrome.
Yeah he wants the UK. France. Sweden.Netherlands LOL.. Now power kegs waiting to go off in a civil war with islamic migrants that those governments forced on their own people.
Russia is big country & fertility rate is low why inherit someone else mess?.
Putin never struck me as an aspiring slumlord / warden at an insane asylum.
Just like covid tariffs. Tariffs raise prices then workers demand higher wages then prices go up then wages. Etc. Until the fed steps in.
On a side note. Ole gavin been making fun of trump pretty hard. Seems like trumps leaving him alone. Maybe newsom is on to something.
In California, locals in even the Blue Counties, call Newsom: “GOVERNOR DRACULA.” NO ONE forgets his French Laundry Restaurant Photo showing him NOT wearing a Mask in 2020 while mandating it for his People. What a fucker.
Tons of people have completely forgotten that.
OC resident here, never heard anyone say that even once, not ever. So fucking stupid. The couple of Magats I know prefer the infantile “Newscum.”
“Newscum” is infantile. Still, there’s no way Newsom would win WI, MI, PA. Democrats should try someone normal if they can find one.
It’s silly to run a California governor for President. He already is winning his state handily. Far better to get a candidate from a swing state to ensure you carry that one (Trump essentially guaranteed Florida in 3 straight elections).
Keep us posted from the OC, we need you on that wall. Thanks
Haha im an independent and try to not get caught up in the politics. I was just saying its funny and i guess the old you got to bully a bully is true.
But hey if all you can muster is a mask issue on ole gavin. Ill take that over jan 6th any day.
Good for you, and you didn’t even have to wear a long sleeve shirt that winter day.
So you think he is doing a good job as the governor of Cal? In what way?
Newsom trying to out-Trump Trump may play well with the nominating electorate, but it wouldn’t work in a general election. He has vampire vibes. His mouth is smiling while his eyes are menacing.
Biden kept all of Trumps tariffs from what I have read. Please correct me if I am wrong. I didnt hear anyone complaining then.
Do you really think Newsom would win a presidential election?
All the RNC has to do is show just what Newsom has done to California, and really what the Democratic party has done to the State of CA for too many years to count.
Vance in a landslide. The man built himself from nothing, basically white trash up bringing to be a Yale law school graduate.
But I can see the commercials now….Nazi,racist, Russian lover, blah blah blah
Yeah i always thought kept those tariffs as continuity of government. Used to be thing.
I dont know if gavin would win. Im an independent but personally i find it harder and harder to vote republican. They all stand for the party not the people. . I find it funny that ca republicans will complain about dem policies. But not say a word when Trump throws them under the bus. Say withholding disaster relief. Good grief there are prob more republican in ca than three or four other states combined.
I currently live in ca. ive lived in sc tenn nc wv ak ut wy and prob a few more places. From what ive seen. Everywhere has its issues and dumb policies. Is ca expensive yes it is. But wages are higher. Every state gets their tax money somehow. So thats about a wash. Ca has been the whipping boy for the republican party because they will never win any seats. Old trick to point ca s problems versus their state.
Trump threatened to withhold disaster relief but he did not withhold disaster relief.
California(& NY) lost the most net domestic residents.
People are voting with their feet. Your opinion , while I respect, is greatly in the minority.
Yes You are wrong.
Mish complained about Biden keeping Trump tariffs. So did I. And others here as well.
Fair enough, I stand corrected.
And yet the stock market keeps hitting record highs and I keep hearing about record profits. Clearly those businesses are not having any trouble setting prices.
Barry Ritholtz had an article about the booming private jet business. No concern about the economy (or global warming) there.
Gore was the first two-faced liar: HE OWNS A MANSION in the South and Flew Privately while accosting us to drive less and not fly at all.
Ridiculous.
What is it that D Heartland said is ridiculous?
Good to hear the private jet business is doing well. That means the wealthy are doing well.
Regarding your stock market theory. It does not mean that the vast majority of “businesses are not having trouble setting prices”. The stock market is both volatile and irrational. Which is something to take advantage of. And I do my best to accomplish that.
However, stock markets only represent a small fraction of all US businesses.
There are over 33 million businesses in the US.
Just 12,000 of these are listed on a US stock exchange.
The most important stock exchange is the S&P 500 which represents just 500 companies.
In addition, overall averages are skewed by a few stocks. The Mag7 are 34% of the S&P 500 stock index and have been responsible for the majority of the gains over the last 3 years thanks to the AI boom.
And finally, the Mag 7 make more profits outside the US than inside the US. So they are more dependent on the global economy than on the US economy.
Many of the 33 million+ businesses are indeed struggling because of all the uncertainty caused by Trump. And 99.9% of these 33 million are small businesses and entrepreneurs who just got hit with the de minimus exemption today.
I will be watching with great interest to see how it all works out for so many of them. But I won’t be watching the stock market for that. Because it does not represent them.
Very well stated!
Thanks.
Yup. Everyone forgets we live a nation where some 60 percent of the households cant afford a 1000 emergency expense. That means a lot in my book. Tells me either they are bad with money. ( which their spending is helping the economy) or wages are low.
In the big picture its prob a combination.
Like your style pd. I enjoy your post.
Thanks.
Yes, they are bad with money. And too many schools do not even teach or force the kids to learn basic math anymore. What else can you expect?
And now were are going on 3 generations of life is more about the moments and traveling than it is about working harder.
Most go on vacations they can’t afford.
This is the reality of education in the US, courtesy of the liberal Dems:
Thats because the rich are above, or think they are the rest of us. Dare I say common folk.
And I can vouge for that BR story as its happening in 2 counties near me.
I sometimes eat/meet/friends/clients for breakfast at local airport with a diner inside.
Local community college has smartly opened up a section for air plane mechanics/pilot training etc.
Anyway all we see is people flying in on their private planes, and private jets rented to take people that have the money to their destinations without the hassle and strip search we little people go through.
Best part, Im told a story on day I was not there of elderly couple talking amongst themselves and apparently it was overheard they voted for trump. Upon leaving to pay his check one of these wealthier liberal private jet owners screamed in the faces of this elderly couple on his way out, had to be told to leave.
The liberals are now the party of the wealthy, and they just cant or wont admit it.
The liberals want war and we have the first republican president in my lifetime that wants to end a war, a war the he did not start. But the liberals want it to continue.
The liberals have turned the world upside down. And not in a good way.
Okay. Now tell me what point you are trying to make.
It sounds to me like you are just another crybaby blaming others for your lack of success.
Personally, I don’t care if you are liberal or conservative, Democrat or Republican, white or black, young or old. Just get off your f*cking ass and make a better life for yourself instead of complaining about those who already have done that.
Actually pretty successful. And I have nothing against anyone that is
My point is I’m sick of liberals lecturing everyone when its more of a do as I say not as I do thing. And flying their private jets while complaining about global warming would be a perfect example.
Growing up in NY and seeing how the Democratic party has changed and what they have become is what pisses me off PapaDave.
I don’t vote. I don’t care about either party. They both suck as far as I am concerned. I only care about who is currently in power and what they are doing. So I can take advantage of whatever opportunities they present.
That doesn’t mean I don’t care about the country. The better off everyone in the country is, the better off I am. But I feel I can do more for the country by building my health and wealth than by sitting on my ass complaining about “who did what” a decade ago like so many losers here do.
Regarding global warming: it is important to recognize it is happening and how it will impact us. And to take personal steps to mitigate its effects on us personally while also looking for the opportunities it presents.
Lots of people get rich by solving problems. Global warming is just another problem to solve. The question is who will benefit the most by working in the areas that help to solve it.
And currently China is taking the opportunity to dominate global industry in wind, solar, batteries, EVs etc. They recognize the opportunity.
While our current government denies the problem even exists.
Calm down.
David.
Right wingers are every bit as culpable.
You want free government money only to the rich….
Lefty wants free money to everyone.
Look closely at the words I wrote.
That is the truth.
The right wingers days are numbered.
It’s simple.
Math doesn’t lie.
Make the the transition from free government money only to the rich, to free government money to everyone.
Your life will become easier because it’s the inevitable reality.
Free government money for everyone, not just the folks you think deserving….
Think!
Not everyone that voted for Trump is a right winger. And its more people than you think.
Just where are these right wingers? What state and city(they dont live in cities) are they?
The hard core right wingers are dying and 3/4 dead.
Perfect example. I started working at a fairly prestigous Country Club in 1979. Yep, I saw a bunch of old white racist right wing republicans. I also met their kids. Their kids were not half as bad as their parents because they went to school with more & more minorities and made friends here and there, but yeah to the right. Then the kids of the kids have kids and those are 80% liberals!!. You guys are over exagerating how many right wingers there are out here and how much power they have.
No one wants to lose money so it brings everything to a standstill. These tariffs are as bad as Newsom in California not allowing homeowner’s insurance companies to raise their rates. I will probably lose my insurance next year. Tariffs have already cost me a new bicycle.
TWS love that hope it catches on . I am thinking even the manipulated politburo inflation stats are going to come in hotter. Will Powell have the balls to stand pat??
The Federal Reserve is really painted in a corner. They don’t have enough policy levers to control the stagflation economy unfolding. My estimate is the Federal Reserve needs a couple levers per person and company in the US.
Their only mandate should be zero percent inflation and be the lender of last resort as they were originally commissioned to do. Most of our financial problems are a result of their corruption and incompetence. They have created a wealth divide that will result in civil and social unrest until a resolution is obtained. See the fourth turning.