SCOTUS Rules Against Trump Administration IEEPA Tariffs

[baddog]

26 minutes ago, OlDawg said:

Man! Where the heck are y’all buying groceries?

KROGER:

Choice Boneless Beef Brisket Untrimmed Whole in Bag (Limit 1 at Sale Price)

$3.99/lb.

I never pay full price even before inflation.

Pork Butt was $.99/lb. last week. I’m smoking it tomorrow, vacuum packing what we don’t eat for stuffed spuds, brisket enchiladas, & barbacoa tacos. We gat about 4 different meals for about $12.00 total for the main course. 😀

 

Not necessarily where I buy my beef, but I look anyway. Sam’s wholesale had a brisket for $80 bucks. Didn’t care about the poundage, the price scared me off. Maybe I need to go to Kroger’s. Lol

[OlDawg]

14 minutes ago, LumRaiderFan said:

And what about that $22 to $25 lunch?

I could give him some recommendations. 🙂

Can of no salt added Starkist in water, tbsp. of mayo, tbsp. of dill relish on a low carb tortilla. Add an apple I split with my better 1/2.

40 grams of protein, 20 grams of fiber, only 200 mg of sodium, and a bunch of vitamins.

It’s a fancy lunch called a tuna wrap.

Cost: About $2.75

😉

[OlDawg]

11 minutes ago, baddog said:

Not necessarily where I buy my beef, but I look anyway. Sam’s wholesale had a brisket for $80 bucks. Didn’t care about the poundage, the price scared me off. Maybe I need to go to Kroger’s. Lol

Gonna be a good weekend to smoke a brisket for sure. I usually buy 2 when they go on sale around Memorial Day. Smoke one & freeze the other for later. We like smoking a brisket for Christmas if our kids/grandkids are coming down.

[UT alum]

4 hours ago, OlDawg said:

No he didn’t. He offered incentives for investing—not punishment. Now, you’re just making stuff up to fit a narrative.

Also, remember what I said about good policy vs. bad policy. The previous Administration’s policies stunk. It showed up immediately with over 9% inflation. Unreal.

The current Administration has lowered that inflation number down significantly to a manageable rate. Question is, with the new policy fluctuations again, will they begin creeping up, or will they maintain a 2.4-2.6?

The new Fed Chair will have a bearing since the benchmark interest rate should be around 3.5 right now at the high end.

Either way, we need stability for investments. Promises are good. Actual tangible infrastructure investments are better. The deregulation will play a big part moving forward.

Global supply chain disruption was more responsible than policy. More effective leadership going in to the pandemic might have softened those blows.

[Boyz N Da Hood]

5 hours ago, OlDawg said:

No he didn’t. He offered incentives for investing—not punishment. Now, you’re just making stuff up to fit a narrative.

Also, remember what I said about good policy vs. bad policy. The previous Administration’s policies stunk. It showed up immediately with over 9% inflation. Unreal.

The current Administration has lowered that inflation number down significantly to a manageable rate. Question is, with the new policy fluctuations again, will they begin creeping up, or will they maintain a 2.4-2.6?

The new Fed Chair will have a bearing since the benchmark interest rate should be around 3.5 right now at the high end.

Either way, we need stability for investments. Promises are good. Actual tangible infrastructure investments are better. The deregulation will play a big part moving forward.

Your first paragraph u did the same thing you said @TheMissingBand  is doing... "making stuff up to fit a narrative" 

This administration took over with inflation at what 2.9-3%? It isn't far off that now..

So no the current administration didn't lower anything significantly.. 

[OlDawg]

1 hour ago, Boyz N Da Hood said:

Your first paragraph u did the same thing you said @TheMissingBand  is doing... "making stuff up to fit a narrative" 

This administration took over with inflation at what 2.9-3%? It isn't far off that now..

So no the current administration didn't lower anything significantly.. 

Half a point is historically a significant drop. It just doesn't seem like much compared to the high of 9%. I made nothing up. You need to study history more.

[OlDawg]

1 hour ago, UT alum said:

Global supply chain disruption was more responsible than policy. More effective leadership going in to the pandemic might have softened those blows.

We could quibble all day and never come to a definite conclusion. Adding $1.9 Trillion free cash flow caused the Fed to have to raise interest rates significantly. This helped fuel inflation. Yes, the other factors you mention played a role as well. Numbers I've seen credit the IRA with raising inflation by 30-40%, with the other factors contributing the rest. So, the so-called Inflation Reduction Act actually increased inflation by around 3-3.5% in the short term.