Summary
Trump recently shared a provocative column on Truth Social titled “Shut Up About Egg Prices — Trump Is Saving Consumers Millions,” written by conservative activist Charlie Kirk.
This comes despite Trump’s campaign promises to reduce grocery costs “immediately” and “on Day 1.” Egg prices have soared to record highs, averaging $4.95/dozen in January and exceeding $10/dozen in some regions, leading to purchase limits and shortages.
While bird flu has significantly impacted prices by killing millions of chickens since 2022, Trump has shifted from his campaign stance, recently telling Fox News “Inflation is back” but claiming “I had nothing to do with it” after just weeks in office.
We cannot let Trump get away with claiming that he campaigned on lowering inflation. Trump campaigned on reducing prices, not slowing the rate at which they increase.
Everyone with two brain cells knew he wouldn’t be able to do that. Now he can’t even seem to keep inflation low, which it already was the last year of the Biden administration.
Oh but we are going to let him get away with it, just like we’ve allowed him to get away with everything in his first term. This piece of shit is going to die like a wet fart and we’re going to allow it. Because we’re mostly sayers, not doers. We’ll say we’ll do this, but won’t do it. We keep hoping for karma or some invisible deity to come in and save us, but it won’t ever happen.
The reason Trump is ever in office both times, was because he is the poster-boy for hate, bigotry, ignorance and all things that incels, racists, xenophobes and bigots all look up to. They feel if he’s office, they get to get away with everything because there’ll be nobody or nothing to slow them down and this administration will enable it.
God fucking bless america. /s
Inflation was always going to go back up, and they all damn well knew it. Expect interest rates to stay high for the foreseeable future.
Because of monetary policy?
His project 2025 he’s clearly following does have a section on the Federal reserve, and its far tighter than it is now. I can see prices fall as shelter prices collapse.
Without an increase in supply, how much could housing prices actually decline? My bet? Not much.
You think people can afford to pay cash?
I think people sign up for 30 year mortgages because interest rates are below real inflation and they can make an arbitrage, as they benefit from the cantillon effect because ‘housing always goes up’.
I also think cheap debt drives shortages in housing, its a symptom of currency debasement and does not reflect a support for prices.
You’re right, of course. People can’t. But there are gazillions of dollars in private equity sloshing around, particularly now because those dollars have fled the market that Trump’s tariffs are cratering. Private equity is happily ready to soak up all the distressed pricing housing available and turn more people into unwilling, permanent renters.
Yeah it’s how so many wealthy people are able to double their fortunes during recessions like in 2007/2008. They’re buying everything at a discount.