By coinnews 
00:00 Ernie Tsourout
Ernie Tsourout, can you walk us through, you know, there’s lots that, well, it’s a one-time rebasing of of GDP and then we grow off that base. Can you sort of turn it into consumer terms? Like, do I see the the 3,000 bucks sort of immediately? Is it spread out over a couple of years and I barely notice and, you know, uh, we may manufacture things here and it’s all wonderful. How do you think it sort of plays out, uh, uh, practically for regular old Americans?
00:42 Speaker A
Yeah, it’s a great question. So I think for perishable goods, things like um, fresh produce, you’re going to see those price increases relatively quickly at the grocery store. Uh, you know, particularly if what they announced tomorrow hits countries where we import a lot of agriculture, like Mexico, for example, for example. For durable goods, things like electronics, large appliances, automobiles, that takes a little bit longer, like on the order of a few months because retailers will work through the inventory that they already have in stock first before they move on to the tariffed inventory. And so consumers have a little bit of a grace period before they see prices there start rising. But even there, we’re talking about a matter of months, not years. Uh, and so when I say like two to two and a half percent increase in the price level, um, you know, that’s that’s in the short run. That’s within the next year that consumers are going to feel that pain.