Maaaybe tarrifs are not that great
this post was submitted on 12 Feb 2025
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I expected this ages ago, I must have superpowers or something
Please run the country
So, tarrifs have impact after all?
I buy steel products and the domestic prices are already increasing. Defeats the point of buying here vs importing. 🤷♀️
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(3 replies)
Before reacting, read the article
Inflation rose to 3% in January, its highest rate for six months, and above the 2.9% expected by economists.
This is significant for bankers, but not for regular people. You're not going to notice that inflation is 0.1% higher than expected
0.1% for someone with a $500,000 mortgage would be $500.
0.1% for a large company, like say, Blackrock, that has $15 billion dollars in debt, is 15 million dollars.
Edit: however, Blackrock also *profited to the tune of 4.7 billion dollars, so the 0.1% increase is a 0.3% cut into their profit from last year. They can absolutely afford it.
Driven primarily by….
The cost of eggs. Yes regular people are going to notice this.
Where’s that sliced cheese 1ady when you need her?
She calls out shrinkflation, but doesn't understand what it is or that capitalists are at fault.
Are you saying there's only 63 slices of American Cheese!?
Good job Homer! You avoided blindness by only a single slice.
I would rather have 64 slices of American Cheese.