And yet, very disappointing just the same. Utterly. . . avoidable. Even if Trump doesn't understand the world, Bessent does. And Navarro does. They are intentionally crushing the US consumer, on Tangerine's orders. Damn their lawlessness. Here's the latest from CBS; do buckle up for a very tough Fall of 2025 (on middle class US consumers):
. . .The producer price index, or PPI, surged last month, far outpacing economists' forecasts and suggesting that President Trump's tariffs are starting to significantly drive up the cost of imported goods.
Wholesale inflation rose 0.9% in July from the prior month, the Labor Department said Thursday, outstripping economists' expectations for a 0.2% increase. The jump marks the largest in more than three years, since June 2022.
The PPI, which measures price changes before they reach consumers, suggests cost hikes are on the way for shoppers, economists said. . . .
Most of the larger, more sophisticated outlets are reporting that threatened "targeted" pharma tariffs -- from Trump -- will likely never happen. He doesn't have the juice to fight the 78% of Congress that takes deep pharma money. I think that assessment is correct. Even so, pharma will have to pass on the tariff related inflation in its contracted-for raw inputs, like oils, and APIs that come from overseas. So even pharma / biotech. . . is not immune. He's killin' us all, with his lunacy.
Damn. Damn. Damn.
Vote the GOP/MAGA Congress OUT -- in 2026!
नमस्ते
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