💰 US economy chat ... econochat!

My personal coffee prices were hit. My subscribe and save price on Amazon went up by 30%.

Fortunately, it was timed to coincide with my wife’s preference for a lighter roast, That decision allowed me to order a product in the same brand which cost exactly what my original product used to cost. And Amazon had a 25% of coupon on the first Subscribe and Save order of the new product. The new product is stocked at a FC which can ship to me next day, instead of two days.

IMO Walmart’s discounts do not represent anything to be adjusted about the inflation numbers. Whenever costs rise, retailers need to decide how much to pass on to the consumer. It is not uncommon for the PPI increases not to reach the CPI, also likely that some CPI increases are not the result of any increased costs.

There is a lot of judgement when it comes to inflation and fighting it, and has been proved repeatedly in past years by the FED, human judgement is fallible.

The U.S. government taxes are what are currently causing my inflation…

I guess you were not able to change countries you source from to avoid the 50% hit.

Bob’s Discount Furniture is thriving. Has a forthcoming IPO. Moved much of its China sourced product to production in Viet Nam and the US and lowered its tariff costs.

As they say “it takes money …”. Bain, their major shareholder is cashing out some of its holdings in the IPO.

Hard to change countries when production times are longer than the imposition of the tariffs.

Until someone does not get their golf course approved or not enough meme coin purchased, then another group of countries will be on the list.

We are just going to wait for the next TACO.

Hopefully, that will happen while you still have a business.

Like every other business plan, we are diversified. We closed down our Venezuela bus driver academy, our Guyana oil tanker captain academy, and have shifted to our Greenland time share business model.

Didn’t even have to wait for a Tuesday for TACO’s to arrive.

Its such a relief not to hear about tariff this or tariff that on a daily especially now. Guess that lever is gone :joy: Does anyone have a countdown timer to when the 10% will expire?

I believe the effective date was Feb 24 - so. +150 days is July 24

And, of course, the economy is doing fine (or probably NOT). Why do I have a feeling that there is going to be a LOT of “it’s the economy, stupid” going around in a couple months?

From The Market Watch this morning -

https://www.marketwatch.com/story/the-march-jobs-report-isnt-as-good-as-it-looks-here-are-the-bad-parts-e5f62160?g=185f1349-ec84-47b3-a156-af23a6ffd74a&mod=djem_mwnbulletin

“The March jobs report isn’t as good as it looks. Here are the bad parts.”

“Start with the decline in the unemployment rate: The chief reason why it fell was because almost 400,000 people dropped out of the labor force.”

“With more people exiting the labor force, the so-called participation rate fell in March to 61.9%, to mark the lowest level in nearly five years.

If the pandemic era is omitted, that’s the lowest rate since 1976 — just when women were entering the workforce in huge numbers. Let that sink in.”

“As a result, the U.S. economy has generated just 327,000 jobs in the last 12 months. By contrast, the economy historically has created 1 million to 2 million jobs a year.”

Nothing to see here folks, move along…

The game is afoot.

It no longer pauses between elections.

There are so many agendas and splintering of traditional alliances that it will probably come down to people voting for what they think is their self-interest.

Even if it is not really their self-interest, voting for what they think is their self-interest may be an improvement, and a surprise.

True. The lemming tribes may be fracturing.

Thanks for sharing this.

I thought that’s what they were doing all along. It’s how we ended up in this mess.

Lol yep. Broke everything and made it worse.

They haven’t yet during my lifetime.

They continue to vote for the least worst candidate as they see it.

I thought that was one side. The other side thought they were voting for their best interest.

I don’t usually read these reports - what do they mean by ‘exiting the labor force’ is that people whose unemployment has run out? Because age of retirement has been on the rise and now with the taxes on social security many have had to go back to work.
Are they counting the fake jobs companies post to make it look like they are doing good but are actually not hiring for? I feel like that number, as low as it is, is still an overshoot of reality.

Technically “exiting the labor force” can be things from leaving work to go raise a family, stay at home caretaker for aging parents, retiring, etc. - also, theoretically, dying, I suppose. As far as the unemployment report goes, the unemployment rate ONLY captures those actively seeking employment (ie, the actual workforce, not just people capable of being in the labor market), and doesn’t capture those who have given up trying to find a job for various reasons. It’s a good data point, but it’s not a complete picture.

I would assert that if paying taxes on social security is the reason one goes back to work, poor fiscal management or career choices over decades, is the core issue in their retirement, not taxation. I do not know a single adult American in 2026 who has relied on SS alone, for a meaningful retirement portfolio on purpose, as it always seems to be some sort of catastrophic position they ended up in like death of a spouse as a homemaker.

Nailed it here…

Supported here …