I still can’t believe Trump threw some Greek letters at us and expected people to fall for the most hilarious fudge factor of all time: epsilon*phi = 1 😂
Discussion
Baffle you with bullshit 🤷
Maybe this is a general formula which they are showing the reader. That term is a constant no matter what and the fact that it equals one here isn't all that scandalous.
They have contempt for our intelligence.
Elasticity is not the same for all goods, but it has been summed together to be -4 and marginal costs for businesses are different, so I’m confused how they can say without a doubt the price increase is 0.25 in the formula. The yale professor helping trump knows this. Since he would have been teaching students who are now probs execs at these companies and are in charge of pricing, he knows what’s coming next. Plus, if he had been helping students understand the importance of supply chain and vertical integration - where are the factories to meet this demand today. Being a retail girl, I saw it first hand on the shopfloor, price goes up, quantity goes down. Feels like it is on the backfoot.
This seems to be a classic case of the tail wagging the dog. They needed the math to work out so that they can close the deficit gap and ultimately get to their goal of reducing 10-yr yields. Might end up being a masterstroke at the end, despite the clumsiness. Let’s see
Yeah, definitely see and wait. I just don’t want people to suffer further with an already out of control inflation affecting prices, and more prices increases because they didn’t have factories in place.
today, I found starbursts lollies in the uk imports aisle of supermarket. They disappeared for like 2 years from Australia due to supply chain costs. My study fuel is back, but at a cost
It’s as genius as E=MC2 . MAGA
