Keep an Eye on the Economy

Elon Musk says Trump's economic plans will cause 'temporary hardship' and tank the stock market
But that will lead to a "healthier" economy years down the road, the Tesla CEO and world's richest person says
By
William Gavin
PublishedOctober 30, 2024

https://qz.com/elon-musk-donald-trum...ffs-1851684972

https://mediabiasfactcheck.com/quartz/
Bias Rating: LEFT-CENTER
Factual Reporting: HIGH
Country: USA
MBFC’s Country Freedom Rank: MOSTLY FREE
Media Type: Website
Traffic/Popularity: High Traffic
MBFC Credibility Rating: HIGH CREDIBILITY

Millionaires and billionaires should be okay, and it's supposed to be temporary. We'll see how bad it gets and how long temporary is. Of course, POTUS47 may just keep things as is with some tweaks here and there.

For non-millionaires and non-billionaires, see below.

Some have been complaining about the price of eggs, and gas, so as of 09/24 the US average ( https://data.bls.gov/toppicks?survey=ap )...
Bacon $6.95 per pound
Eggs $3.821 per dozen
Gasoline $3.344 per gallon

Housing has also been mentioned as a concern. From https://www.redfin.com/news/data-center/
Median Sale Price (US) $429K

Median Asking Rent All Beds (US) $1631


Most of us (consumers and non-landlords) are hoping prices will come down. We'll see.


I'm not going to hope for things to turn to shit (and stay there), but if they do, remember what you voted for. Own it if it happens.

Trump and the republicans promised lower prices. People will expect lower prices. That’s what they voted for and what the republicans ran on.

Local business folks, retailers, shippers, wholesalers, and manufacturers are tired of being jacked over by govt regs the Dims have put in place last 4 yrs. Excuse them if they wait until next year to see what govt actually does.

Local business folks, retailers, shippers, wholesalers, and manufacturers are tired of being jacked over by govt regs the Dims have put in place last 4 yrs. Excuse them if they wait until next year to see what govt actually does. Originally Posted by Unique_Carpenter

Fact Check with Gemini:"This statement is not supported by any evidence."

It's an old belief, but it might not have any data to support it.

Anyway, here are some year end prices (December 2024). Let's see how the next administration brings them down, or not.

Bacon: 6.915
Eggs: 4.146
Gas: 3.277
House: My source glitched. Might have to stick with bacon, eggs, and gas.

The left believes that Trump should be able to change things overnight...what juvenile thinking.

Elon Musk says Trump's economic plans will cause 'temporary hardship' and tank the stock market
But that will lead to a "healthier" economy years down the road, the Tesla CEO and world's richest person says
I'm not going to hope for things to turn to shit (and stay there), but if they do, remember what you voted for. Own it if it happens.
[/COLOR] Originally Posted by cc314

For starters Elon is NOT the worlds richest person. It's a Central Banker/owner/biggest shareholder of said bank. Saying that Elon is the worlds richest person is a diversion. They want you to think he is therefore many people believe the lie. Second, the economy is in a world of shit. Inflation will get worse and with Trump touting higher tariffs equates to higher prices for you and me for goods and services in the economy. Don't be fooled. When this stock market eventually crashes and the dust settles, the next reinflation of the market upwards will send inflation soaring to sky high levels. I believe WE haven't seen anything yet. It's going to get worse is what I believe.

Trump and the republicans promised lower prices. People will expect lower prices. That’s what they voted for and what the republicans ran on. Originally Posted by 1blackman1

LMAO! The US has to print 1 Trillion every 100 days or the game of musical chairs comes to an end. Meaning a Mad Max scenario in the streets if they don't print. They'll just keep printing currency and we'll keep watching the dollar lose purchasing power. That is what you have been guaranteed whether you like it or not.

The answer is the Nuclear Powered Printing Press.

The US has to print 1 Trillion every 100 days or the game of musical chairs comes to an end. Originally Posted by CPT Savajo

Borrow, not print. Both are bad, but printing is worse than borrowing.

The Stock Market doesn't really like dramatic change and uncertainty. So that change will cause plenty of fodder for the see the sky is falling crowd that ignored the obvious inflationary result the " Inflation Reduction Act " was going to cause.

Fact Check with Gemini:"This statement is not supported by any evidence."

It's an old belief, but it might not have any data to support it.

Anyway, here are some year end prices (December 2024). Let's see how the next administration brings them down, or not.

Bacon: 6.915
Eggs: 4.146
Gas: 3.277
House: My source glitched. Might have to stick with bacon, eggs, and gas. Originally Posted by cc314

LOL, regulations always have a cost to business, Democrats have always ignored the cost consequences of the regulations. It is hard to put an exact cost of the regulations though.

LOL, regulations always have a cost to business, Democrats have always ignored the cost consequences of the regulations. It is hard to put an exact cost of the regulations though. Originally Posted by farmstud60

Regulations are born through things we've learned as humans. Are you against building regulations? Are you against safety regulations? Are you against food safety regulations whether it be in food prep or ingredients? There are probably hundreds more, but this is the gist..

I'm against all farm subsidies, not because I assume you are a farmer based on your name. Lets see how many red farming states vote republican when all farm subsidies are ended. We put tariffs on China and had to quadruple our farm subsidy to like 50 billion cause the demand for our crops went down. I don't hate farmers either, they do important and very hard work in a lot of times harsh conditions. I grew up around in more rural KS around farmers. I was never interested in that type of work, but enjoyed seeing what they did from day to day.

There is a lot more to say, but probably need a new discussion about it.

Careful Roy, I hope you had a full stomach when you said that. Farmers are VERY important and I compare them to oxygen, nobody notices them until there is a shortage.

Careful Roy, I hope you had a full stomach when you said that. Farmers are VERY important and I compare them to oxygen, nobody notices them until there is a shortage. Originally Posted by nottoday

I know they are important, but get down to it farm subsidies keep one of the basic needs of life affordable. Should it be like this, no. Why should we tariff an importer on food then turn around and give 50 billion in subsidies cause we just screwed the farmer? This is way over simplified but that's the basics. It is an anti-regulation. This is one way Republicans buy votes, keep the farmers happy. That's why when you see a red/blue map, all the farmland is red. And they don't deal with big city problems like pollution where a lot of environmental regulations are needed. So it is easy for a farmer to hate regulations out in the middle of nowhere with clean air to say regulations suck.

Books can be written on this stuff, but I have more important things to do like go fuck a cute little Asian hooker. lol

LOL, regulations always have a cost to business, Democrats have always ignored the cost consequences of the regulations. It is hard to put an exact cost of the regulations though. Originally Posted by farmstud60

... Agreed. ... Sagittarius fact checking believes that
you are correct about this.

#### Salty