Is Donald Trump Inflationary?

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Is Donald Trump Inflationary?

Today we ask a burning question: is Donald Trump inflationary? We dive into the economic implications of Trump's policies, emphasizing their inflationary and deflationary effects. These measures could impact GDP, unemployment, wages, and inflation. We also explore the challenges of rising costs in basic necessities like food, transportation, and utilities, alongside broader concerns about the stock market's bullishness, potential corrections, and the need for sustainable economic growth. We also talk the commodity trends like coffee and the stock market's relationship to the Chinese calendar. Today we discuss...

  • Trump's proposed policies—tax cuts, tariffs, government spending cuts, and border closures.
  • Tax cuts and tariffs are inflationary, with tariffs passing costs to consumers and raising the price of goods.
  • Border closures may increase food and low-wage labor costs, adding further inflationary pressure.
  • Federal Reserve policy, including recent rate cuts, adds inflationary pressures, but further interest rate hikes may be necessary to control it.
  • Essentials like car insurance, gas, and rent have significantly outpaced reported CPI inflation rates, putting pressure on everyday budgets.
  • Addressing long-term inflation may require sustained economic growth, though achieving this remains a significant challenge.
  • Inflation is impacting both dining out and eating at home, with rising costs creating financial challenges for consumers and restaurants alike.
  • Billionaires prioritize keeping money in appreciating assets, contrasting with the "millionaire next door" approach of debt elimination.
  • Trump coins and similar meme coins illustrate the rise of community-based cryptocurrencies, driven more by social networks than inherent value.
  • Distrust in media, political institutions, and "gatekeepers of truth" underscores a growing reliance on decentralized, market-driven decision-making.
  • Free markets naturally balance supply and demand, with pricing mechanisms reflecting societal values and priorities.
  • Widespread skepticism of information sources reflects a societal shift toward questioning traditional authorities and media.
  • Policies against nuclear energy inadvertently push reliance on coal to fill energy gaps, undermining efforts for a cleaner planet.
  • The high cost of living in many U.S. states underscores the need for affordable energy to alleviate economic pressures on households.
  • Economic inequalities persist, with credit card defaults rising and inflation impacting household spending, particularly in transportation, housing, and food.

"Cash is not trash... Cash is King"   - Kirk Chisholm

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Today's Guest:  Kirk Chisholm

Kirk Chisholm is a Wealth Manager and Principal at Innovative Advisory Group, an independent Registered Investment Advisor located in Lexington, MA. He has been providing wealth management services to individuals, executives, entrepreneurs, and their families since 1999. He is an outside the box thinker, risk manager, inflation expert, blogger, podcaster, and all-around interesting guy. Kirk is dedicated to developing lasting relationships with all of his clients and their families. One of the benefits of working with Kirk is his patience, empathy, and his ability to provide clear and easy-to-understand explanations to complex financial topics.


Kirk developed a unique philosophy for the wealth management industry called Risk Management First. The medical field has a similar way of thinking of “first do no harm”. This philosophy focuses on risk management for clients in all aspects of their lives in ways the industry does not address. Risk management does not stop with investments. It also requires working closely with other professionals to address areas of their financial lives not currently being met.


In 2008, Kirk co-founded Innovative Advisory Group to address the needs not being addressed by the wealth management industry. It started with specializing in alternative assets held in retirement accounts (i.e. self directed IRAs/401ks). Then the company expanded into the specialization of college funding (i.e. planning, strategy, and paying the least possible for a high quality education), Risk Management First, exit planning for business owners, advanced planning (estate, tax, etc), and providing practice management and leadership training to other financial advisors, accountants and attorneys. 


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