KQ6: Inflation Nation

Inflation has been on everybody's mind lately. How much do you know about inflation? Take the quiz and find out. Eleven questions. Go!

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Here's some handy info on the history of inflation.

Deflation might sound like a good thing, but people put off purchases if they think future prices will be lower, and that's a problem.

Ford's Whip Inflation Now campaign was pretty lame.

Anybody can check out the inflation rates in hundreds of categories here >>> All Urban Consumers >>> One Screen.

What caused the 2022 inflation spike? Here's Ben Bernanke's take. Inflation might be gone for good in 2025--if not for Trump's tariffs.

KQ5: The best presidents for the stock market

Ever heard a US president brag about boosting stock values? Ha, almost all of them do it from time to time. Some more than others. Who was better for the stock market, President Donald Trump or President Joe Biden? Take the Konomy Quiz to find out. Eleven questions. Go!

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Yahoo Finance has great tools for analyzing stock price history.

Little known-fact: Each of the 11 S&P industry sectors has a ticker symbol allowing you to research historical performance. Here's a cheat sheet:

Communications: ^SP500-50

Consumer discretionary: ^SP500-25

Consumer staples: ^SP500-30

Energy: ^SP500-10

Financials: ^SP500-40

Health care: ^HCX

Industrials: ^SP500-20

Information technology: ^SP500-45

Materials: ^SP500-15Real estate: ^SP500-60

Utilities: ^SP500-55Full S&P 500 index: ^SPX

The hemline index is an old-timer thing that's probably a bogus theory.

And yeah, ironic that oil and gas firms performed way better under Biden, financially, than they did during Trump's first term. Drill baby .... ?

KQ4: What's so bad about imports?

President Trump says the US trade deficit is too high because the country imports too much stuff. His tariffs are a tax on imports that are meant to encourage more domestic production by making imports more expensive. Is he right? Do we import too much? Find about by taking the quiz. Eleven questions. Go!

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Here's a detailed definition of a trade deficit.

Here's the data on the trade balance for goods and services going back to 1960.

You can get into the breakdown of spending by goods and services here.

And here's a breakdown of employment by sector.

Here's the list of countries that export the most services. Ireland is high on the list because it's a tax haven for software and other types of intellectual property, which count as services.

Why is Trump so fixated on goods rather than services? Your guess is as good as mine.