US Economy - News, Updates and Discussion

[Yommie]

 

[Yommie]

 

[Yommie]

Don’t mind Wall Street’s wild losses | Brian Kilmeade Show​

 

[Yommie]

'DEATH SPIRAL': High borrowing rates slammed​

 

[Yommie]

 

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[Yommie]

'BIG TAX CUT': Forbes chairman says tax cuts will 'boost' economy​

 

[Yommie]

 

[RabzonKhan]

The MAGA crowd is at it again, distorting data and exaggerating claims to push misleading narratives and false propaganda.

It’s great to see enthusiasm about lower egg prices, but it’s important to understand that presidents typically have little direct influence over specific market trends. Egg prices are driven by factors like supply and demand, production costs, feed prices, and external events like bird flu outbreaks. For example, recent fluctuations in egg prices were linked to avian influenza, which significantly affected poultry farms. While broader economic policies can have indirect effects, attributing changes in egg prices solely to a president’s actions is misleading.

During the 2024 presidential campaign, Trump and his vice president, JD Vance, spread misleading propaganda about egg prices under Biden’s administration. In one instance, JD Vance embarrassed himself by inaccurately claiming that egg prices were $4 a dozen, even though the price tags visible behind him clearly displayed $2.99.

One reason egg prices have recently fallen is that they had soared to record-high levels (Since Trump was sworn in), making them unaffordable for many consumers. This drastic drop is more reflective of market corrections rather than any presidential intervention.

JD Vance Makes Wrong Claim About Egg Price, His Own Video Nailed His ‘Lie’​

 

[RabzonKhan]

It’s interesting to see the Truflation Index being used to highlight inflation trends. While it’s a useful tool for real-time data, it’s important to note that it’s not a substitute for the Consumer Price Index (CPI). The CPI is the official and widely recognized measure used for policy-making and economic analysis, with standardized methodologies that ensure consistency. Using the Truflation Index in this way is misleading and false propaganda, as it doesn’t provide the full picture or align with established economic benchmarks.

Here's a more detailed breakdown:

As of March 19, 2025, the US Consumer Price Index (CPI) (All items) for February 2025 shows a 2.8% increase.

Core CPI (All items less food and energy): reaching 3.1% on a 12-month basis, the lowest reading since April 2021.

 

[Yommie]