Friday, September 11, 2026
It turns out that election integrity is pretty important for consumer confidence
The November 2000 election didn't lead to the biggest percentage drop in consumer confidence on record, but it did mark the point after which we turned to make consistently lower percentage lows once again, beginning with 911, then Hurricane Katrina in late August 2005, the bailout debacle of October 2008 and the protracted unemployment from the Great Recession thereafter, and the pandemic shutdown of April 2020 and its inflationary aftermath.
Overall consumer prices in August 2026 are up 3.39% year over year, core up 2.44%
That's 78% worse than during Trump I, and 24% worse, respectively, mostly due to higher energy prices affecting overall prices this year but also due to tariffs which were worse last year than this year for core prices but remain an overall drag.
Not seasonally adjusted:
CPIAUCNS January - August 2026:
2.38, 2.41, 3.25, 3.81, 4.24, 3.53, 3.36, 3.39
Trump I CPIAUCNS average 1.90
2025 Average 2.63
2026 to date 3.29
CPILFENS January - August 2026:
2.50, 2.45, 2.59, 2.75, 2.85, 2.59, 2.47, 2.44
Trump I CPILFENS average 1.96
2025 average 2.83
2026 to date 2.58
Trump voters be like:
CNBC is all about how to trade the easy money, that's all
Inflation persisted in August, potentially locking in a Fed interest rate hike
... The report is the final major inflation indicator the Fed will see before it holds its policy meeting next week, concluding Wednesday with a vote on its key interest rate.
Traders responded to the numbers by ramping up bets that the Federal Open Market Committee will increase its benchmark interest rate by a quarter percentage point. Odds for a hike jumped to nearly 90%, according to the CME Group’s FedWatch tracker of fed funds futures prices. ...
Hassett is just another shady Trumpie giving off the appearance of impropriety
If it weren't for low standards, they'd have no standards at all.
Hassett kept up to $5 million Coinbase stake as Trump reshaped crypto policy
... “I think he’s got a major conflict of interest, or the appearance of one,” said Virginia Canter, chief counsel and director of ethics and anti-corruption at Democracy Defenders Fund. ... “Crypto was a major initiative of the Trump administration,” Canter said. “Did [Hassett] not review anything in crypto? Did he not participate in any meeting with the administration on policy? Did everyone know not to talk about crypto around him? I doubt it.” ...
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