What impact do you think it will have on you?
Are there critical items to purchase now that will be too expensive to afford next year?
Are you changing your savings or investments?
Somebody should make a website that tracks prices on goods and other items from the day Trump becomes president and throughout his term.
He said he would lower prices. His politics says the opposite. Let’s see.
That’s the Consumer Price Index.
There’s also the related Producer Price Index which unfortunately does not include tariffs but will be interesting to watch.
If you think government metrics during trumps presidency will be accurate, i have a bridge to sell you.
Most .gov websites are essentially useless the moment trump takes the throne.
The CPI is a key economic indicator. It’s unlikely that banks and markets would tolerate that kind of meddling.
But, if the CPI was changed for political reasons, there are other similar stats.
In plain language: Wall Street can make or lose billions of dollars based on correctly/incorrectly forecasting this stat, so you can bet your ass they have accurate data. Some of it is private; some is available to paying customers. Even if the data is not public, it is often publicly characterized, for example, in economic forecasts and in publications like The Economist.
Some examples of alternative CPI sources are: PriceStats and The Economist’s Intelligence Unit. Both require paid access.
Be aware that freely-available stats may be published with political agendas, by Fox News conspiracy theorists, etc.
Funny that you think they’re accurate now. Doesn’t matter WHO is in office, the feds tell you what they want you to hear.
Don’t forget the Big Mac index, apropos the incoming administration.
Far better would be something like:
- Go to grocery store
- Photograph the shelves in PriceHive app
- AI scans the images, detecting products and reading prices from the price tags
- Each is stored into a database as a price on a good at a location at a timestamp
After data pool is established from many users (or even just one):
- Go to grocery store
- Open PriceHive app
- Hold a product in the viewfinder
- AI identifies product
- app shows price history across time/locations
That kind of shit needs to be built. Government will probably find some way to make it illegal, but whatever.
This should be tracked regardless of who’s in charge
Well, yeah, but he’s made it a big part of his campaign. In reality somebody should make a list of ALL promises they make, and then see who’s trustworthy.
probably would only work well if backed by a browser extension, camelcamelcamel is nice but IDK what covers local prices for grocery stores.
Tariffs amount to a higher inflation rate / a regressive tax, as they will not subsidize local industry to any significant level. You will not see wage increases or more jobs from it. Probably the opposite.
This will be a quantitative change, it will look like 2022-2024 but with a higher effective inflation rate, translating into a transfer of wealth from the poor to the rich.
More people will experience what it’s like to earn 10-20% less money and have fewer job prospects. One would hope that this teaches humility and solidarity, but in a country that only knows how to punch left, that will be an uphill battle that must nevertheless be fought.
As long as the rich get richer, the system is working as intended. Voting will not change anything other than how fast the wheels fall off this bitch.but we still have to, so we crash later rather than sooner.
American
savings or investments
I don’t understand
Whatever happens happens. Don’t really care that much anymore.
I stocked up on ammunition. Should be good for a while
Is this perfect cell on namek? What is the context?
Can’t do much but pay bills. If things get harder then they already are it will slow down or reverse my plan to drop 1 or 2 of my part time jobs.
i’m gonna move to china as soon as physically possible
the most expensive item I own is a bicycle and I’ve never had savings. i’m already $30k+ in debt so whatever
there is nothing I could possibly do that would alter how much it affects me unless I suddenly got a lot wealthier
It will be interesting to see what happens for sure. It’s hard to imagine there will actually be the tariff + removal of income tax proposal that trump said he would do. I’m not sure any democrat will go for it, so Trump won’t be able to do it if there are any republican defectors in congress, and at least some of them prob won’t do it as it they realize it will destroy the pocketbooks of their donors.
I’d mostly just be shocked a politician followed through on campaign promises
I’m lookin into and learning more about mini greenhouses and how/what is easy to start growing. If i am successful i want to show others in my town how to break some of kroger’s grip cuz shit’s getting real out here. It feels like something im maybe capable of, so i guess I’m starting by pretending i can.
I may buy more dried fruit and bulk t-shirts.
im not, none of that shit is going to happen
Death to America
