To Juice the fiat currency printing and to flood the country with immigrants...You can increase demand of products and real estate threefold. Increasing the profits of corporations and the housing industry. You flood the country with lower end workers which constrains any huge upward pressure on wages. Now to address your automation: You use automation and AI to do as much of the upper salary jobs as possible. Automate the large and routine Law firm work, the GP and family practice levels of medicine, robotics for routine surgery. You use AI to do the Bulk of the coding in software and the data center and cloud operations...and etc in most of the upper wage jobs. So we constrain wages at the upper end and flood workers at the lower end. Ignore the politics of it all. The politics are not good for a trading mentality. Trump's main business is Real Estate. He's not going to change any of these dynamics. Real Estate has done amazingly well under this dynamic. He may deport illegals that are not filling the lower end jobs (not working). But most of of this situation will not change. So ...inflation itself will not change much. Its already pretty high. It wont come down much. But it wont go up much more either. And yes..I believe he will continue this rate reduction cycle that Biden started. Regardless of what numbers come in on PPI, CPI, Wages..ect. He will just force a continued rate reduction schedule.
Trump rails against Powell a day after the Fed cuts rates for a third time this year https://www.cnbc.com/2019/10/31/tru...ed-cuts-rates-for-a-third-time-this-year.html I know, I know he says one thing and does another time and again - and the sheeple love him for it.
That’s the intended outcome, force supply chain logistics internally via inflation on imports to a point where the market will adjust, either with us manufacturing reignite or foreign suppliers and adversarial government economic forces will submit to American intended policy changes. It’s far better to have the cost of imports become prohibitive long enough to reignite internal production as it becomes a much more permanently viable solution to be self reliant. Your political and liberally minded social scientists don’t want this, because self sufficiency is the ultimate negotiating mechanism and inversely is the enemy of global integration. Internal rates will do the opposite of what most think as a result of this; if the internal economy suffers in the short run as the supply chain restructures, the natural rate will adjust downward to accommodate the transformation What did Jay Powell see and anticipate in the face of economic data that was anything but supportive of monetary easing? Is he a more neutral and American minded president than polarizing forces would give him credit for?
Only if you believe the incoming bankrupt 6 times over Pres' Doctrine that trade can't be a win win proposition. Even now - MAGA Loon Larry Kudlow - once believed otherwise. https://www.cnn.com/2019/06/06/politics/kudlow-trade-incalculable-damage-economy/index.html Ignore that is it CNN and read exact quotes. What happened. What else, he wanted back in the inner power circle (aka The Swamp) one more time.
Don't let the incoming authorities know your language issue. Otherwise you might be playing the Cheech Marin part in a 2025 remake of Born In East L.A and find yourself on a Tijuana outbound bus.
Yeah, I get it. But think of it from the consumers' point of view. We all know "Made in America" is far superior in quality than "Made in China". However, we also know it costs twice as much, if not more. And not everyone is willing or able to pay for it. But, as I've stated before, we have too many happy Walmart shoppers who are addicted to shopping. What would happen if they can no longer blow away their money because everything is so prohibitively expensive? As they say, it's easy to live poor when you have nothing. But once you tasted material comfort, there's no way you're going back to poverty. Little drastic I know, but I think the same analogy applies here as well
The downstream of this of course is that part of that class of consumers experience lasting wage growth as manufacturing re-emerges here. Given that he is constitutionally incapable of running again, I would wonder if he’s more inclined to push for wholesale reemergence of American manufacturing. Would it not be wild if he became the igniter of the American labor and collective bargaining resurgence?
That would not just be wild but, frankly, out of his character. Last time I checked, Trump and the labor unions didn't jive well. But then again, who knows, we live in strange time.
To be fair, Trump built an entire empire using organized labor. If he hadn’t done so, he would not have been able to lay a single brick in a New York or NJ building.