He says if Trump continues deporting immigrants at the current rate, inflation will go from 2.5% to somewhere close to 4% “by the time it hits its peak early next year.”
Zandi says his stark prediction is based on recent inflation data. “Foreign-born labor force is declining, and the overall labor force has gone flat since the beginning of the year,” he added. “That’s causing tightening in a lot of markets, adding to costs and inflation.”
We’re already going to hit that when the companies run out of domestic stock, and the tariff increases hit - this is just starting now.
Where I live (Philly suburbs) you always used to see people playing organized soccer on all the local fields early Sunday mornings yelling in Spanish. Now those fields are always empty.
I passdd through Times Square yesterday. Weekend during summer. Usually packed with teens families and tourists. It was nearing pandemic levels of empty.
You can’t have inflation, if you stop collecting inflation data. *taps forehead *
4%? Based on some of the food prices I’ve seen it’s easily 60% over the past 365 days.
Oh right, the magic “you can’t count food alone” or energy, or housing, or anything that really matters.
My spouse told me a store was having a “sale” on 2 liters of soda, for $4.29. That has to be higher than I’ve ever heard. I don’t by Coke often but if I was buying a 2 liter $1.99 was expensive a couple years ago. Products like that have to be at 30%+ inflation.
[x] to doubt. Mostly because I sincerely doubt inflation will “peak” at 4%.
No no. You misunderstood. They’re going to peek at it at 4% then promptly ignore it going higher.
Release the Trump/Epstein files
oh no, small farms will go bankrupt and have to sell to larger farms that Trump’s friends own… Oops, what an accidental bribe!
Trump’s “friends” – His only known document friend hung himself in prison, allegedly.
I’m sure he’ll pull out that sharpie, especially since that’s when J Pow can be legally fired.
Who wants to bet? I’ve got $100 says it goes above 4% by 6/30/26. Of course that $100 will only be worth about $94.
I wouldn’t bet against economists.
They’ll change the calculation and not allow you to change your wager.
That’s all?
So, again?
