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Inflationary expectations are up a lot since November

Inflationary expectations among consumers have skyrocketed since November:

Thanks to Trump's tariffs and other economic illiteracies, inflation expectations have gone up 1.7 percentage points since Election Day, from 2.6% to 4.3%. Aside from the 2022 inflationary surge, this is the highest that consumer expectations have been over the past decade.

26 thoughts on “Inflationary expectations are up a lot since November

    1. Lounsbury

      Not so thanks to God that the Lefty instead of examining how they managed to signficantly lose the rural and small town constiuencies for electoral failure, instead continue failed urbane urban elite excuse making.

      And by this continue to elevate the risk of Trump actual successes (politically).

      Given the very significant number of women (notably the non-university educated voting against Biden / against Democrats (as well as significant non-whites again especially non-university degree holders) rather than tellling comfortable Just So Stories about Uppity women, examining how to address yourselves to the culturally conservative non-uni degree holders rather than sneering at them snobbisly would be vastly more politically successful.

      1. FrankM

        Rural and small town voters have been solidly Republican for many decades. Given that they comprise only about 10% of voters, it's hard to create a narrative where their loss is the critical factor in the most recent election

        Also, non-uni degree holders have been solidly in the R column since Reagan. It's similarly difficult to create a narrative where their loss is critical.

        The major swing between 2020 and 2024 is in Hispanic and other minorities, and I've not heard anything approaching a coherent explanation for this shift.

      2. Austin

        Sneering is underrated. Perhaps if more people sneered at their asshole relatives, coworkers and acquaintances, those assholes would get the daily social cues they need to become better human beings.

        Also, fuck you Lounsbury. Fuck you right in your sneering face. As if you never sneer at anybody.

      3. Art Eclectic

        *Bucking the trend to agree*

        We have an opportunity to rebuild our brand and yelling at people in the middle because they wanted something done about immigration and inflation is not going to get us there.

        1. FrankM

          People have "wanted something done about immigration" from the time of the Know-Nothings in the 1850's. I wouldn't count refusing to go along as "yelling at people".

          And, in case you missed it, something was done about inflation (or more accurately, they didn't overreact by doing something stupid) and inflation was cooled without the widely predicted high unemployment.

      4. jdubs

        I've come to almost appreciate Lounsbirys self hating posts.

        There is a skill in using each post to demonstrate that you always do the very thing that you claim to look down on in others.

        Not a useful skill, but it is definitely something.

      5. Batchman

        There was an article posted somewhere by someone claiming that Harris' loss was all about the resurgence of white male culture, or something. But I had to stop reading when the article stated that she got only 53% of the female vote. That essentially discredits the whole premise of the article, which never addressed or attempted to explain that statistic.

  1. Brett

    It's a perfect time for Trump and Musk to promise that they'll send the "DOGE Savings" to people as a $5000 stimulus check.

    I'm actually curious how higher inflation will affect Trump's popularity. Fox News might downplay any connection to him over it, or not talk about it. And I don't think the more progressive outlets have the message discipline to constantly hammer him over it.

    1. Lounsbury

      Yes, yes - and this is the lever for potential beating Trump around the head.

      Populations everywhere hate inflationary spike -hate beyond numerate reasoning - such is political reality that the Biden & Lefties paid a price for.

      But swords cut two ways and since Trump is too short-termist and is mostly reactive, there is a likely very good upcoming play of judo on him. For all the doom and sack-and-ashclothes chez the Left Demos (along with sneering snobbery about the Trump voters), pocket-books are leverage, and pocket-book pain is the very best political acid.

      His huge boasting, his omni-directional war in trying to take Everything Over (Post service, every agency, every thing) and upendin and blocking everythign (see Farmers grants) is a profound blunder on his part which I do hope the Democrats can be more clever than in past leveraging.

  2. OldFlyer

    No worries. Anyone who can sell election denial and blame, will have no trouble blaming any 2.0 short falls on poor people, immigrants, and of course the party with any compassion for them

    1. Lounsbury

      Pathetic pot-pourri excuse making.

      Trump leveraged on the political poison of (a) Inflation and (b) Immigration non-controlled in the popular perception. And everywhere voters generally hate inflationary spikes and hate rapid social change that immigration spikes represent - hate hate hate as we can see here in Europe as well.

      the Lefty Left overbuying of the academic and activists immigration views is reversible

      Now you need to instead of engaging in your previous inflation denialism (foolish idiocy at the time but memories are short) and merely use Trump's running diahreea of bombast against him (and stop avoiding snobbishly the "incorrect" venues like Rogan)

    2. jdubs

      For Lousbru, the problem is always the liberals.

      It's hilarious that the self apppointed smartest guy in the room tried to counter OldFlyer by making his point for him. Oops.

    1. Art Eclectic

      Exactly. Only an economic crash shuts this mess down. They're already courting one with major job cuts, those people all have mortgages/rent/car loans. They also go grocery shopping and eat at restaurants.

      Stop buying non-essential stuff, especially stuff made in Republican strongholds. Before anyone complains about hurting people who don't vote Republican, may I remind you that 64% of the voting age population didn't vote for Trump but they're going to get hurt plenty. There must be enough pain at the state and district level that Republicans have to choose between losing their next election because voters are pissed or losing because Musk and the GOP goons are primarying them.

      Additionally, stop logging in to X, Facebook, and Insta and making these toady tech-bros richer. Stop buying through Amazon. The only tool the average person has against this shit is their spending power.

    1. FrankM

      I'm still trying to figure out the end game here. Ho is going to be hard-pressed not to dismiss the case with both the prosecution and the defendant on board. Yet, he still has one trick up his sleeve. He can dismiss with prejudice. At least I think he can. That would foil Trump's gambit of holding it over Adams to keep him in line.

      1. D_Ohrk_E1

        From reading his requests of Paul Clement, I believe it's inferred that he's wondering if he can get testimony in from the folks who declined to sign onto Bove's demands, as well as asking Clement for what options would fly constitutionally.

        How much can politics play in charging decisions? I think we'd all like this to make its way to SCOTUS, because if POTUS can direct the DoJ to charge and prosecute as one sees fit, we're at the end of democracy and fuck all the laws.

  3. jdubs

    Inflation + large job losses + expanding bird flu = uh-oh

    Going to be lots of anger and blame to throw at the immigrants and minorities.

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