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this post was submitted on 18 Jun 2025
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Actually of all of those promises I believe inflation is holding steady and pretty low around 2.6% through Trump's term so far. But it's a trend that's been going since July 2024, so pretty much just a continuation of the prior state of the economy?
Either way its surprising given all the fluctuations and instability of the markets with Trump's tarrif threats / inceptions / backdowns - I dunno, I'm not a market guy but the market guys in media don't seem to have an explanation.
I'd guess that steady rate too will also fly out the window if the US declares ~~war~~ special military operation on Iran, so give him time I'm sure he'll mess this up too.
Inflation takes a while. Shocks that affect consumer confidence can actually increase spending temporarily. What's happening in the US right now is that people are spending more in order to get in all their long term purchases (car, tv, phone, computer, kids toys) before some combination of inflation and tariffs push the prices up. But this will only last as long as people's excess of spending money lasts. Then consumer purchasing will, if nothing changes, recede massively.
The markets are disconnected from reality. There's a crazy amount of wealth at the top and they gotta put it somewhere. So it's basically just a gambling site were rich people bet on what'll happen next in a soap opera. Some of the rich people get to see the script before everyone else does. It's now relatively stable because they've convinced themselves that TACO futures are safe.
The economic conditions are basically the same as in the late 1920s and Trump's tariff policies are the same thing they were doing back then. But don't worry about what happened 1929... TACO TACO TACO BUY BUY BUY!