The Trump Economy

[RX792P]

US trade deficit widens by the most in nearly 34 years in November
https://finance.yahoo.com/news/us-tr...144236696.html

https://www.newsmax.com/finance/stre...29/id/1244049/

The U.S. trade deficit widened by the most in nearly 34 years in November amid a surge in capital goods ​imports, likely driven by an artificial intelligence investment boom, which could prompt economists to trim their economic growth estimates for the fourth quarter.

Imports ⁠jumped 5.0% to $348.9 billion. Goods imports advanced 6.6% to $272.5 billion, with capital goods soaring $7.4 billion to a record high. They were boosted by strong gains in imports of computers and semiconductors. But imports of computer accessories decreased by $3.0 billion.

Imports of other goods were also the highest on record. Consumer goods imports increased by $9.2 billion, lifted by pharmaceutical preparations. There have ​been large swings in imports of pharmaceutical preparations, likely related to U.S. tariffs. Imports of industrial supplies fell by $2.4 billion.

Exports tumbled 3.6% to $292.1 billion in November. Goods exports plunged 5.6% to $185.6 billion. They were pulled down by a decline of $6.1 billion in exports of industrial supplies and materials, reflecting decreases in non-monetary gold, other precious metals as well as crude oil, which dropped by $1.4 billion.

Weren't tariffs supposed to change this?

[RX792P]

Dang......


https://truthsocial.com/@realDonaldT...76147900633194

Ohhhh...wait...just more misinformation from Trump...


“This isn’t accurate information,” a Walmart spokesperson said. “In fact, we actually just recently opened a new store in California.”

[RX792P]

so much for 50% cheaper energy

According to the NEADA analysis, electricity costs are expected to rise $12.2%, or $133 this winter, while gas prices are projected to rise 8.4% or $54. Heating oil costs are expected to remain flat, while propane should be down 1.4%, or $18 this winter.
NEADA notes that more than 210 electric and natural gas utilities have either raised rates or proposed to do so within the next two years, which amounts to roughly $85.5 billion - and continues a trend seen in recent years of average monthly residential electricity bills rising faster than average inflation.

https://oilprice.com/Energy/Energy-G...g-Started.html

[Precious_b]

Originally Posted by RX792P

US trade deficit widens by the most in nearly 34 years in November
https://finance.yahoo.com/news/us-tr...144236696.html

https://www.newsmax.com/finance/stre...29/id/1244049/

The U.S. trade deficit widened by the most in nearly 34 years in November amid a surge in capital goods ​imports, likely driven by an artificial intelligence investment boom, which could prompt economists to trim their economic growth estimates for the fourth quarter.



Weren't tariffs supposed to change this?

Originally Posted by RX792P

Dang......


https://truthsocial.com/@realDonaldT...76147900633194

Ohhhh...wait...just more misinformation from Trump...


“This isn’t accurate information,” a Walmart spokesperson said. “In fact, we actually just recently opened a new store in California.”

Originally Posted by RX792P

so much for 50% cheaper energy


https://oilprice.com/Energy/Energy-G...g-Started.html

Where is the didgeridoo playing dude who always says WINNING?

[RX792P]

Trump

"I don't want to drive housing prices down. I want to drive housing prices up for people that own their homes. And they can be assured that's what's going to happen.
"
"Existing housing, people that own their homes, we're going to keep them wealthy," Trump said. "We're going to keep those prices up. We're not going to destroy the value of their homes so that somebody who didn't work very hard can buy a home.

"We're going to make it easier to buy," the president added. "We're going to get interest rates down. But I want to protect the people who, for the first time in their lives, feel good about themselves. They feel like, you know, that they're wealthy people."