Thanks for giving us some good news (food prices are down!) and for answering in advance all of my nitpicking little questions, Peter. You are so good at this!
I find it particularly hilarious that corporate media may have, once again, shot themselves in the foot while going after Orange Man Bad. Every time Trump gets another win he becomes empowered to soldier on with his revolutionary changes. MAGA!
The principles of economics are going to prevail every time.
Corporate media wants to achieve diametrically opposed objectives. On the one hand they want to see inflation spike to hurt President Trump. On the other hand they want a recession in order to hurt President Trump.
By scaring people about inflation and recession, the corporate media suppresses consumption which then tamps down inflation.
If inflation heats up so do most economic metrics.
Corporate media has to decide whether to root for inflation or recession. They cannot have both.
Off topic, but I’m interested to hear your thoughts on the winner of Poland’s election, Nawrocki. I’ve heard him described as a “Trump-inspired conservative historian”, but that’s about it. From what you know, how would you suspect he will affect the Ukrainian/Russian dilemma?
Thanks for giving us some good news (food prices are down!) and for answering in advance all of my nitpicking little questions, Peter. You are so good at this!
I find it particularly hilarious that corporate media may have, once again, shot themselves in the foot while going after Orange Man Bad. Every time Trump gets another win he becomes empowered to soldier on with his revolutionary changes. MAGA!
The principles of economics are going to prevail every time.
Corporate media wants to achieve diametrically opposed objectives. On the one hand they want to see inflation spike to hurt President Trump. On the other hand they want a recession in order to hurt President Trump.
By scaring people about inflation and recession, the corporate media suppresses consumption which then tamps down inflation.
If inflation heats up so do most economic metrics.
Corporate media has to decide whether to root for inflation or recession. They cannot have both.
Off topic, but I’m interested to hear your thoughts on the winner of Poland’s election, Nawrocki. I’ve heard him described as a “Trump-inspired conservative historian”, but that’s about it. From what you know, how would you suspect he will affect the Ukrainian/Russian dilemma?
That's a good question. I'm still noodling on that one.