Money & Economics

Whew, good deal. I could use some extra $ in August. … wait, where does this money go? Is that part of my $11,000 raise? Who do I need to talk to about direct deposit?

 
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This will be interesting if Brazil doesn’t blink and give Trump whatever it us he wants….



Sorry, but this math just doesn't work out. Even if we got a lot of coffee from Brazil (which I don't think we do), a 50% tariff would not mean a doubling of price. It would mean that the green raw beans from Brazil, before the value-add of shipping, roasting (which is done here as far as I know), packaging, advertising, etc., would increase, not the entire cost of the product.

I looked for green coffee from Brazil on-line. I found a place called Genuine Origin that sells for about $6.00/lb. That includes what they paid to ship it to the US, but even if we ignore that, it would mean the cost goes from $6.00 to $9.00. None of the other costs would increase. Three bucks, not $12.
 
Is Andy's stuff sent using the de minimis exception? Everything I have gotten from him came from a US address.

If he is using the de minimis exception, he's only sending a several cameras to the US at a time to stay with in it. It's $800, right?
 
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I don’t honestly know. Perhaps he has a way around it.

The order, which takes effect Aug. 29, will subject any shipments of imported goods into the U.S. worth $800 or less to duties, the White House said.
 
Who you gonna believe? Trump or your lying checkbook?


Fed Holds Rates Steady, but Two Officials Back a Cut - WSJ

Companies stockpiled inventory before tariffs took effect and have been reluctant to raise prices given the possible loss of market share from inflation-fatigued consumers. But some economists warn that as businesses with thinner margins deplete their pre-tariff stock and face higher costs due to tariff increases, they will increasingly be forced to pass these expenses on to consumers.


Economists warn that those tariffs could result in higher prices across store shelves, but they may also weaken economic growth and make production more expensive.
So far, inflation has shown up first. After coming within an earshot of the Fed’s 2 percent target earlier this year, price pressures are now picking up again. Inflation rose 2.7 percent from a year ago, according to the latest data from the Bureau of Labor Statistics, and many prices on items that are typically imported popped.

Homeowners and homebuyers

The Fed has greater control over shorter-term interest rates — not rates on long-term debt like a 30-year fixed-rate mortgage. That helps explain why mortgage rates have actually increased since the Fed began cutting borrowing costs in September, which have been stuck above 6.5 percent since October 2024.


The 30-year fixed-rate mortgage more closely tracks the 10-year Treasury yield, which has risen as investors process fears of hotter inflation from tariffs and ballooning government debt.

Even once the Fed cuts interest rates, it might not offer much help. The current consensus among housing economists is that 30-year mortgage rates could remain above 6.5 percent for the rest of this year, according to Bankrate research.

Lower rates could help heal some of the affordability challenges plaguing borrowers. The median home sale price for June 2025 surged to $435,300, the highest median price on record, according to the latest data from the National Association of Realtors. It could also, however, bring a wave of borrowers onto the market, further pushing up prices. Those prices continued to climb last month, even as sales of existing homes dropped 2.7 percent from the previous month, as shortages continue to strain housing supply.
 
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Is Andy's stuff sent using the de minimis exception? Everything I have gotten from him came from a US address.

If he is using the de minimis exception, he's only sending a several cameras to the US at a time to stay with in it. It's $800, right?

If it is coming from a USA address, then de minimis rules do not apply, as it has already been imported into the USA and any applicable tariffs should have been paid.
 
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