

Other Than That, How Was the Play Mrs. Lincoln?
11 snips Apr 7, 2025
This discussion dives deep into the impact of tariffs on inflation and consumer behavior, particularly focusing on everyday expenses like coffee. It raises concerns about stock market performance and the risks of a trade war. The intricacies of reshoring manufacturing are explored, highlighting job transitions and the challenges of restarting domestic production. Additionally, the conversation reflects on supply chain vulnerabilities exposed by the pandemic and the complexity of the current economic climate, including potential interest rate cuts amid conflicting signals.
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Inflation's Impact
- JP Conklin believes inflation was the main reason Trump beat Biden.
- Americans perceive inflation as an absolute price increase, not a year-over-year change.
Starbucks Coffee Prices
- JP Conklin uses Starbucks coffee prices as an example of how people perceive inflation.
- Even if prices stabilize, the accumulated increase still impacts affordability.
Tariffs and Public Sentiment
- Tariffs might have a similar impact on public sentiment as inflation did.
- Even if price increases are one-time events, the higher prices remain.