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u/xander707:
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r/
EconomyCharts
2.1% is less impactful than 0.09%? Go back to school.
r/
DoomerCircleJerk
This sub isnt for thinking, its for circle jerking.
r/
EconomyCharts
Exactly, opinions dont matter, but you cant even get the numbers right, and keep pretending that this all happens in a vacuum. If you think explaining how these price increases has a larger/broader impact on the economy is excuses, youre never going to learn and youre going to keep spreading bad numbers and bad information.
r/
DoomerCircleJerk
No/yes/doesnt matter. You see what they are saying is that liberals think its ok to modify the constitution with constitutional amendments to say, give women the right to vote. But those same, stupid, smelly, dumb liberals also think its bad if Trump unconstitutionally runs for a third term without a constitutional amendment being passed. Arent liberals so dumb and hypocritical??
r/
EconomyCharts
What even is this math? Its wrong, is all I can say. If new home construction depends on roughly 7% of foreign materials, at 30% tariffs you would see an overall increase of 2.1% to construct a new home. It doesnt seem like a lot but it will happen more or less overnight once old inventory is sold/used, and will be exacerbated by naturally occurring inflation and by builders adjusting their margins accordingly, meaning consumers will pay slightly more than the 2.1% increase in the final price of the homes. This leads to A: overall comp prices of homes, including older homes already built, to go up in price, NOT just the 1% of new builds. And B: fewer homes being built, meaning fewer rental homes, meaning increases in rental prices. And this is just ONE facet of the impact of broad tariffs increases. Rent will go up, general goods will go up, pretty much all expenses will increase as a result. I cant say exactly how much inflation we will experience, but what I can do is point out inaccurate figures. This will impact more than 30% of the economy, it will be in addition to normal inflation. I would be shocked if we see 5% or less overall inflation yoy from today to this time next year. 7-8% seems reasonable, but only time will tell. Inflation has been creeping up even before tariffs were implemented so 3% seems incredibly unlikely unless the tariffs somehow coincide with an otherwise deflationary period independent the tariffs.
r/
DoomerCircleJerk
Ironically thats way too nuanced for this sub to understand.
r/
EconomyCharts
Saying that rent doesnt depend on imports isnt a simplification, its just plain incorrect. You arent simplifying anything, you are pulling from your ass. Btw, the current blanket tariff on Chinese goods is (as of this writing) 30%. 10% is the minimum tariff rate for all countries, but the overall average tariff impacting US consumers will be a significantly higher percentage, and again, it will also impact significantly more than 30% of the economy. The things you are saying and your numbers are just wrong, leading you to an incorrectly informed optimistic view of the future.
r/
AdviceAnimals
Even better, theyll vote Republican because they got bailed out, while simultaneously being the type of people to whine about welfare queens.
r/
EconomyCharts
Again, total imports may include those raw materials, but it doesnt tell you what percentage of domestic goods use those tariffed products as inputs. That percentage represents a direct and significant increase to production costs even for domestic products, and could theoretically impact a large percentage of the domestic economic market. Also, I dont know where you figure tariffs dont impact rent, but thats 100% wrong. When tariffs increase the costs of construction materials, that makes new construction more expensive. Which leads to a reduction in rental homes, and more expensive housing and rent across the board. It doesnt sound like you know what youre talking about at all.
r/
StockLaunchers
I hope other countries soon understand that rewarding this behavior only encourages the behavior to continue long term.
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