Hacker News Reader

Comment by nxm | Hacker News Reader

We survived with 30% inflation ok key goods during the Biden years due to endless spending, we’ll survive this one too. You’re welcome to short the market though if you feel strongly otherwise

View on HN

"key goods" is doing a lot of heavy lifting in that statement.

"Biden years" is doing even more work. The suicide cultists generally ignore the trillions in helicopter money that was dumped into the economy under Trump's "watch", right when we were also dealing with supply shortages. It took a few years for the economy to start moving and that new money to go from asset prices into consumer prices, right in time for short memories to blame JOEBIDEN.

In most countries, every leader is both praised and blamed for the decisions of his or her predecessor.

Well obviously it was Bidens fault for not dealing with the initial Covid outbreak in 2019

Luckily, fiscally responsible Trump is coming in to stop all this deficit spending... oh wait.

I was going to make a glib comment that Trump is plugging the "deficit spending" of billionaire's having to pay taxes.

But given Trump policies in toto, I am having trouble coming up with what a winner looks like here.

Big oil I suppose. But that's a damn narrow demographic if everything else is hurting. And overall economic malaise won't juice oil demand.

If anyone can characterize the class of economic winners ... ?

The winners won't be a class but a certain privileged country

Reply on news.ycombinator.com