Let’s see how that (+18%) lasts when prices zoom up–and wages are frozen and people start getting laid off in significant numbers.
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Let’s see how that (+18%) lasts when prices zoom up–and wages are frozen and people start getting laid off in significant numbers.
As has been said “buckle up”.
Steve
Read your history. We get deflation as companies fail to make it and have to sell things for lower prices. People love it and wait to buy causing prices to fall further.
The history in 1921 and 1922, then in 1929 is deflation with tariffs and austerity.
Yes lay offs happen. Mom Pops businesses shut down. People are paid less.
SS cola for 2026 might be negative.
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Oh, it won’t last; consider it the honeymoon period. I was merely responding to what Leap wrote, “The national mood is worry on.” See also, current consumer confidence.
DB2
Nope. The bold below is mine.
“If there is no percentage increase in the CPI-W between the measuring periods, no COLA is payable. In other words, the Social Security COLA can never be negative, and benefit levels are not reduced, even during times of a decreasing price index. No COLA was payable in January 2010, January 2011, or in January 2016.”
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US manufacturers are warning about tariffs.
Source: Trump’s tariff plan will send prices ‘through the roof’, warn US firms | Business | The Guardian
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I expect the burlap industry to thrive.
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Imported burlap…
Tariffs will support reshoring and protect domestic manufacturing.
Some employers may expand domestic production if they think tariffs are permanent.
But many believe they are a negotiating tactic and wont last long.
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If Filson can do it so can anyone else. But you might not want to pay the price.
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I looked at the Filson link and most of the items I looked at are imported. The only ones that I saw that were Made in the US were their wool jackets, and they were made with imported materials. So it looks like Filson can’t do it either.
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Yes, some Filson products are made in the USA, but not all of them are:
- Made in the USA: Filson has factories in Seattle and other locations in the USA, and some of their products are made there. Some examples of Filson products made in the USA include their watch cap beanie, Mackinaw wool western vest, and waxed rugged twill tote bag.
- Made in other countries: Some Filson products are manufactured in China and India.
- Outsourcing: In 2023, Filson announced plans to outsource up to two-thirds of its remaining Seattle-area production to a vendor near Los Angeles. This move is part of a downsizing effort that has seen Filson’s workforce decrease from 634 in 2019 to 286 in 2019.
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Filson is a Seattle-based outdoor gear and clothing brand that has been in business since 1897. They are known for their durable, tightly-woven Mackinaw Wool.
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Interesting. The person who didn’t get 50% votes is having 50% + approval rating.
Not unusual – Bush, Clinton, Nixon, Kennedy, Truman.
DB2
REI used to be a reliable source of quality gear. Ever since it was sold to PE, it has become a shill for whoever pays them. Haven’t looked at them in a number of years because the people with first-hand expertise using the gear have long departed.
I think you are wrong about REI’s ownership. It is still a member owned co-op as far as I can tell.
REI - Wikipedia.
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Only 20% of the public take any of this seriously. The other 80% think the entire thing is lies and bull. The 20% is split between the two polls.
Things will turn on a dime as he makes mistakes. And he only makes mistakes.
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Agreed. We can all see many of them now, but there will be many more to come. Big price in basic food prices and gas in the Midwest as tariffs on oil and gas hit Canadian exports of those items to the US. Farmers, truckers, etc–TransCanada said about $5B increase in costs if pipeline built to export Canadian oil. The pipeline is built (in Canada) and now prices will go up even more. Expect much higher prices for bread, pasta, pizza, or any products using farm output in the Midwest. Exports (from US) also more expensive because to ship them to the coast will cost more–regardless of how it is sent. The carriers will all use Canadian oil (+25% higher cost due to tariffs) and THAT gets passed on to the buyers (domestic AND international).
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Levying a tariff on Canadian/all imported oil and gas juices profits for US produced oil and gas. Several nominees for high office have given full throated support for increasing production, and consumption, of oil and gas.
Steve
With austerity at the same time? Nope. Expect a recession. Expect falling prices.
We are in a demand side period regardless of anyone’s wishes. Austerity blows up in faces. Think Truss.
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