2 hours ago, paco said:

I’ll sped this along…..

Oh, so it’s Bidens fault then.

Boom. Suck on that Libs!

The cost of wholesale goods and services — where rising inflation tends to show up first — posted the biggest increase in July in three years, possibly heralding a sizable acceleration in price hikes tied to higher U.S. tariffs.

The producer price index jumped 0.9% last month after no change in June, the government said Thursday.

https://www.marketwatch.com/story/wholesale-prices-post-biggest-surge-in-three-years-ppi-shows-sign-of-tariff-related-inflation-1cdc1dde

14 minutes ago, DaEagles4Life said:

The cost of wholesale goods and services — where rising inflation tends to show up first — posted the biggest increase in July in three years, possibly heralding a sizable acceleration in price hikes tied to higher U.S. tariffs.

The producer price index jumped 0.9% last month after no change in June, the government said Thursday.

https://www.marketwatch.com/story/wholesale-prices-post-biggest-surge-in-three-years-ppi-shows-sign-of-tariff-related-inflation-1cdc1dde

update - pres trump fires the wholesale goods and services statistician because he didnt like the numbers.

8 hours ago, vikas83 said:

Nothing in the bill passed last month has had any impact yet.

Immediate and Near-Term Changes (2025):

Tax Provisions: Several tax changes are retroactive to the beginning of 2025. This includes new deductions for tipped income (up to $25,000) and overtime pay (up to $12,500 for individuals), and an increased standard deduction for seniors. The cap on the State and Local Tax (SALT) deduction has also been temporarily increased to $40,000 for some taxpayers.

Business Tax: Businesses can now fully deduct the cost of certain structures and equipment.

Tariffs: New tariffs on imported goods, including a baseline 10% tariff on all imports, have been put into effect.

2026:

Many of the individual tax provisions from the 2017 Tax Cuts and Jobs Act, which were set to expire at the end of 2025, are now permanent.

Popular student loan repayment plans are scheduled to be eliminated in July.

Some changes to the Affordable Care Act (ACA), like eliminating a financial incentive for states to expand Medicaid, will take effect.

2027:

New Medicaid work requirements are mandated to go into effect in January. Adults aged 19 to 64 will have to work, volunteer, or be in school for 80 hours a month to maintain coverage, unless they qualify for an exemption.

2028 and Beyond:

Medicaid work requirements can be delayed until the end of 2028 for states demonstrating "good faith" efforts to comply.

Beginning in fiscal year 2028, states will be required to share in the cost of SNAP (food assistance) benefits, with their share increasing based on payment error rates.

The temporary tax deductions for tips and overtime will expire at the end of 2028.

The temporary increase to the SALT deduction cap will revert back to a flat $10,000 starting in 2030

Going to be an interesting 3 years

Trump's BLS nominee E.J. Antoni suggests suspending monthly jobs report - CBS News

13 minutes ago, Alpha_TATEr said:

Trump's BLS nominee E.J. Antoni suggests suspending monthly jobs report - CBS News

"How on earth are businesses supposed to plan — or how is the Fed supposed to conduct monetary policy — when they don't know how many jobs are being added or lost in our economy? It's a serious problem that needs to be fixed immediately," Antoni told Fox News Digital."

And so obviously the way to fix this is to stop producing the monthly numbers, which will result in the Fed and businesses in general not knowing how many jobs are being added or lost in the economy.

Hmm, I wonder if maybe the reason there's been more fluctuation in the monthly revisions than usual is because of all the uncertainty Trump's tariffs are causing. Maybe it's harder for businesses to accurately respond to the CES surveys when they don't know what the tariff rates will be tomorrow.....

Just now, Phillyterp85 said:

"How on earth are businesses supposed to plan — or how is the Fed supposed to conduct monetary policy — when they don't know how many jobs are being added or lost in our economy? It's a serious problem that needs to be fixed immediately," Antoni told Fox News Digital."

And so obviously the way to fix this is to stop producing the monthly numbers, which will result in the Fed and businesses in general not knowing how many jobs are being added or lost in the economy.

Hmm, I wonder if maybe the reason there's been more fluctuation in the monthly revisions than usual is because of all the uncertainty Trump's tariffs are causing. Maybe it's harder for businesses accurately respond to the CES surveys when they don't know what the tariff rates will be tomorrow.....

yep, the issue isn't the office putting the numbers together, the issue is that reporting from businesses is voluntary and they can't respond quickly and accurately enough. so hey, let's fire somebody in political theater as we try to divert attention from the obvious esptein BS.

The ADP report is likely to gain some prominence I'd think. It does not have as broad a reach as the BLS report, but if you account for revisions it tracks reasonably close to the BLS report.

This reddit thread from a month ago is interesting because it portends the corrections we saw:

1 hour ago, Mike030270 said:

Going to be an interesting 3 years

Don't forget the removal of solar/wind incentives. Electricity rates set to skyrocket. Supply and demand.

2 hours ago, DaEagles4Life said:

The cost of wholesale goods and services — where rising inflation tends to show up first — posted the biggest increase in July in three years, possibly heralding a sizable acceleration in price hikes tied to higher U.S. tariffs.

The producer price index jumped 0.9% last month after no change in June, the government said Thursday.

https://www.marketwatch.com/story/wholesale-prices-post-biggest-surge-in-three-years-ppi-shows-sign-of-tariff-related-inflation-1cdc1dde

PPI taking us back to the good old days of ... 2021-2022. 😬

32 minutes ago, Phillyterp85 said:

"How on earth are businesses supposed to plan — or how is the Fed supposed to conduct monetary policy — when they don't know how many jobs are being added or lost in our economy? It's a serious problem that needs to be fixed immediately," Antoni told Fox News Digital."

And so obviously the way to fix this is to stop producing the monthly numbers, which will result in the Fed and businesses in general not knowing how many jobs are being added or lost in the economy.

Hmm, I wonder if maybe the reason there's been more fluctuation in the monthly revisions than usual is because of all the uncertainty Trump's tariffs are causing. Maybe it's harder for businesses to accurately respond to the CES surveys when they don't know what the tariff rates will be tomorrow.....

At this point, why not just have Trump come up with the number once a month over a super size QP Cheese meal? He can write it down on the QP box and give it to his staff to announce.

14 minutes ago, barho said:

Don't forget the removal of solar/wind incentives. Electricity rates set to skyrocket. Supply and demand.

The federal tax credits for new and used EVs will no longer be available for vehicles purchased after September 30, 2025

The credits for home energy efficient upgrades (like insulation, windows, and heat pumps) and for residential clean energy systems (like solar panels and geothermal heat pumps) will expire for property placed in service after December 31, 2025

So yea.. thanks maga!

On 8/13/2025 at 6:51 AM, Talkingbirds said:

U.S. national debt reaches a record $37 trillion, the Treasury Department reports

NBC News

U.S. national debt reaches a record $37 trillion, the Tre...

The national debt eclipsed $37 trillion years sooner than pre-pandemic projections.

Republican hypocrites only care about the debt when Dems are in charge.

1 hour ago, Alpha_TATEr said:

Trump's BLS nominee E.J. Antoni suggests suspending monthly jobs report - CBS News

The guy with a NSDAP warship behind his desk

16 minutes ago, DaEagles4Life said:

The cost of w

28 minutes ago, Mike030270 said:

To be fair, it kind of is. Just of the self-inflicted kind.

35 minutes ago, DaEagles4Life said:

The guy with a NSDAP warship behind his desk

that's him, but of course trumpers will be like, "meh this is just another triggered lib conspiracy it doesn't mean anything, he just admires german engineering.

the best part, the bismark was sunk you fracking dope.

Am i reading this right on bls.gov?

1 minute ago, mayanh8 said:

Am i reading this right on bls.gov?

yep, we were discussing it earlier.

2 hours ago, barho said:

Don't forget the removal of solar/wind incentives. Electricity rates set to skyrocket. Supply and demand.

I mean, maybe for the non heroes that didn’t buy solar panels. I’ll continue to live of cheap, clean, renewable energy and sell the leftover back to the power company

Just now, paco said:

I mean, maybe for the non heroes that didn’t buy solar panels. I’ll continue to live of cheap, clean, renewable energy and sell the leftover back to the power company

Let's hope Trump doesn't outlaw net metering (I wouldn't be at all surprised).

1 minute ago, barho said:

Let's hope Trump doesn't outlaw net metering (I wouldn't be at all surprised).

I can’t see what the federal govt could gain by that.

RECs/SRECs however…..

6 minutes ago, paco said:

I can’t see what the federal govt could gain by that.

RECs/SRECs however…..

What does a gain for the federal government matter?

All it would take is one energy company wanting to remove incentives for home solar applications and to eliminate the burden of paying for the extra electricity to buy some trump coins and it’s done.

44 minutes ago, Alpha_TATEr said:

that's him, but of course trumpers will be like, "meh this is just another triggered lib conspiracy it doesn't mean anything, he just admires german engineering.

the best part, the bismark was sunk you fracking dope.

Not only that but sunk by biplanes.

4 minutes ago, Bill said:

Not only that but sunk by biplanes.

man, nothing says winning more than being sunk by WW1 technology in WW2.