Corporate media has been absolutely relentless in drumming into people’s heads that “Trump’s tariffs = massive inflation”. Consequently, the increase in consumer consumption during June may be due in part to people’s expectations of more inflation - the mindset of “we’d better buy it now, because it’s only going to cost more later on”.
Also, here in Minneapolis, it seems like there is a steady stream of long-thriving businesses closing. So another possibility for some of June’s consumption is people buying up inventory before the store closes permanently. This is probably a very small factor, as the inventory would likely be reduced to store-closing prices, but still might translate into more consumption.
Just musings on my part, but Peter, if you ever see any data to support this, I’d find it interesting. As always, thank you for being a factual source of real evidence, in a sea of despicable propaganda.
Tariffs are not an inflationary phenomenon. Money creation is.
Thank you for your analysis.
Corporate media has been absolutely relentless in drumming into people’s heads that “Trump’s tariffs = massive inflation”. Consequently, the increase in consumer consumption during June may be due in part to people’s expectations of more inflation - the mindset of “we’d better buy it now, because it’s only going to cost more later on”.
Also, here in Minneapolis, it seems like there is a steady stream of long-thriving businesses closing. So another possibility for some of June’s consumption is people buying up inventory before the store closes permanently. This is probably a very small factor, as the inventory would likely be reduced to store-closing prices, but still might translate into more consumption.
Just musings on my part, but Peter, if you ever see any data to support this, I’d find it interesting. As always, thank you for being a factual source of real evidence, in a sea of despicable propaganda.
You can’t hate corporate media enough.