Quote (Mondain @ Aug 13 2024 10:19am)
It's in the grocery store, gas pump, in the bills and cost of living
These are things that can't be hidden from the American public.
Trump proved he could lower them in 2016.I'd like to see that again.
e-
https://www.youtube.com/watch?v=JUlDHBKR-fM
e-2 trump will let elon fire more space x rockets.
global inflation is 6.8% accounting for 2023
major economies across the world ran very expansionary polices from 2020 to 2021 because of COVID. lots of checks sent to people and money used to prop up companies that experienced shut down difficulties. that doesn't get erased so quickly
piggybacking off of this COVID point, the increase of demand after two years of people being pent up and having household savings created a surge in demand for goods and services
the energy market - these energy prices underly almost any manufactured product, in addition to transportation costs. food production in modern times requires a lot of fertilizer, much of which is derived from oil products
wars - uncertainty and instability hamper investment (broadly) companies will delay products and investments. new supply chains are more costly and less efficient until scale and maturity develops. this makes things more expensive since the costs are passed down to the consumer
microchips - while many companies have the capacity to design chips, the extremely small size of modern chips means that precision equipment must be used to produce reliably. Taiwan has a handful of factories that can make these latest chips, and very few to nobody else can. The older factories in the US, Europe, Japan, China cannot mass produce these chips. The continual cycle of technological advancement for phones, computers, and other devices means that a large and constant demand grows. As factories become obsolete or shut down for periods or shipping of raw materials gets delayed, this causes a production backlog that can be months+ long. Everything requiring chips was facing shortages, even car manufacturers were halting production lines because they lacked the chips necessary (you can see this reflected in the cost of new cars and slightly used cars being even more expensive than new cars)
There has been a lot of investment in new factories with the latest equipment and processes, but the truth is it takes YEARS to build the production line. I was an account manager that helped many manufacturers pivot from assembly lines and facilities where thousands of workers operated, into facilities that are mostly automated with 100 or less workers
TLDR these economic factors have very little to do with Biden in the grand scheme