I know it's incredible, but yes 74m mouth breathing knuckle draggers voted for this guy to be the most powerful person on the planet, a second time! What does that say about them?
The way you guys post, he's STILL the most powerful person on the planet.
Caused by corporations jacking up prices while their costs remain low. The result being a 75% is corporation profits in the last two months. ... Inflation spike matches corporate profit spike.
If corporations could arbitrarily jack prices way up then they would have been doing it for a long time. ... Prices are up because input costs are way up and labor costs more than it ever has.
Corporate profits were also enormous in 2018 and 2019 even though inflation was extremely low. Should we have thanked them for keeping prices so low?
Corp profits are +40% above the "enormous" 2018 and 2019 numbers. Costs ARE NOT way up, if they were profits wouldn't be on PEDs. The chart tells all. Profits SHOULD BE DOWN if costs were "way up," but this is not the case.
Inflation is up 10% since January (7.87% today versus 7.04% to start 2021). Corp profits are up 75%. Profits should be up about 10%, not 75%.
If you disagree with the chart take it up for the Fed in St. Louis. I take their data over your analysis any day.
No, trump is the leader of the GQP, and I'll keep reminding you of the cross you have to carry until the end. He's your boy.
Everybody dislikes your posts since you can't defend Biden but resort to whataboutism. You bring nothing to the table.
If you wanted to destroy America, you would do everything Joe Biden is doing. Enjoy your party's destruction in the midterms and beyond. At this rate, the GOP might get a veto proof majority in the Senate.
But how can that be? So many guys like him fly American flags. Sometimes from their pickup trucks. And put American flag stickers on their vehicles. And wear American flag t-shirts and hats. And LOVE to call themselves "patriots." So they MUST care about preserving the country as the largely decent, lawful, DEMOCRATIC thing we thought it was, RIGHT ???
How would you grade that mythical President? You never answered
No, Real Obvi correctly guessed my answer - THE ONLY answer - thru my obvious sarcasm.
If corporations could arbitrarily jack prices way up then they would have been doing it for a long time. ... Prices are up because input costs are way up and labor costs more than it ever has.
Corporate profits were also enormous in 2018 and 2019 even though inflation was extremely low. Should we have thanked them for keeping prices so low?
Corp profits are +40% above the "enormous" 2018 and 2019 numbers. Costs ARE NOT way up, if they were profits wouldn't be on PEDs. The chart tells all. Profits SHOULD BE DOWN if costs were "way up," but this is not the case.
Inflation is up 10% since January (7.87% today versus 7.04% to start 2021). Corp profits are up 75%. Profits should be up about 10%, not 75%.
If you disagree with the chart take it up for the Fed in St. Louis. I take their data over your analysis any day.
What? When did I deny that corporate profits weren't up? I don't have any problems with the Fed's data but you aren't interpreting it correctly.
Input costs, especially labor, are way up - I'm not aware of any serious economist or professional that is currently refuting this point. Therefore, prices go up to offset that. Therefore, theoretically, corporate profits would be a wash. Except for a few things - unprecedented consumer demand over the past two years, 0% interest rates which help a lot of things, and return on investments and various holdings by the company.
Seriously, go look at some 10k statements and look at the GAAP breakdown. Corporate profits don't just come from arbitrarily raising prices to whatever you want, which isn't even a thing you can actually do. There are a TON of factors involved.
The current economic situation is complicated, so I understand the temptation for "muh evil corporations," but it's missing a large piece of the puzzle
If corporations could arbitrarily jack prices way up then they would have been doing it for a long time. ... Prices are up because input costs are way up and labor costs more than it ever has.
Corp profits are +40% above the "enormous" 2018 and 2019 numbers. Costs ARE NOT way up, if they were profits wouldn't be on PEDs. The chart tells all. Profits SHOULD BE DOWN if costs were "way up," but this is not the case.
Inflation is up 10% since January (7.87% today versus 7.04% to start 2021). Corp profits are up 75%. Profits should be up about 10%, not 75%.
If you disagree with the chart take it up for the Fed in St. Louis. I take their data over your analysis any day.
What? When did I deny that corporate profits weren't up? I don't have any problems with the Fed's data but you aren't interpreting it correctly...
Your claim is in bold italics. That is not correct based on the Fed's chart. Look at the chart. The data is there.
Input costs should be up ~10%. Therefore, corporate profits should be up close to the same to not be considered gouging. Instead profits are up 7x the increase in inflation. If profit increase was up 1x-1.5x the increase in inflation that would make sense. But 7x that is obscene.
Used Cars +41.2% Gasoline +38.0% Gas Utilities: +23.8% Meats/Fish/Eggs +13.0% New Cars +12.4% Electricity +9.0% Food at home +8.6% Overall CPI +7.9% Food away from home +6.8% Apparel +6.6% Transportation +6.6% Shelter +4.7%
"Don't underestimate Joe's ability to f**k things up"- Obama
Your claim is in bold italics. That is not correct based on the Fed's chart. Look at the chart. The data is there.
Input costs should be up ~10%. Therefore, corporate profits should be up close to the same to not be considered gouging. Instead profits are up 7x the increase in inflation. If profit increase was up 1x-1.5x the increase in inflation that would make sense. But 7x that is obscene.
Corporate profits are highly volatile, so they go down a lot during bad times and up a lot during recoveries. S&P 500 earnings have already flattened out and only projected to be up 7-8% year/year this quarter.
Who are you to decide what prices "should" be? Prices are a function of supply and demand. Mandatory lower prices would just mean more bare shelves, empty gas stations, and longer waiting lists. It's not like corporations decided to become 75% more greedy in 2021.
If corporations could arbitrarily jack prices way up then they would have been doing it for a long time. ... Prices are up because input costs are way up and labor costs more than it ever has.
What? When did I deny that corporate profits weren't up? I don't have any problems with the Fed's data but you aren't interpreting it correctly...
Your claim is in bold italics. That is not correct based on the Fed's chart. Look at the chart. The data is there.
Input costs should be up ~10%. Therefore, corporate profits should be up close to the same to not be considered gouging. Instead profits are up 7x the increase in inflation. If profit increase was up 1x-1.5x the increase in inflation that would make sense. But 7x that is obscene.
Again.... what? The Fed's graph is raw data on corporate profits.
The problem in your claim is assuming that input costs and profits are somehow 1:1. I gave several reasons why profits would be far beyond this - return on lucrative investments and highly increased demand are just a couple reasons. Please go look at some of the 10k filings and balance sheets of these corporations.
I don't think there's any mainstream economic theory that even supports what you're trying to claim. Price discovery just doesn't work like that. It's not like corporations where intentionally keeping prices low in 2018 and 2019 because they were just so nice.
There are massive macroeconomic forces at work, but blaming inflation on corporate greed is pretty much akin to some goofy anti-vax, pro-horse dewormer sh!t that you see on Twitter
No, trump is the leader of the GQP, and I'll keep reminding you of the cross you have to carry until the end. He's your boy.
Everybody dislikes your posts since you can't defend Biden but resort to whataboutism. You bring nothing to the table.
If you wanted to destroy America, you would do everything Joe Biden is doing. Enjoy your party's destruction in the midterms and beyond. At this rate, the GOP might get a veto proof majority in the Senate.
No, trump is the leader of the GQP, and I'll keep reminding you of the cross you have to carry until the end. He's your boy.
Everybody dislikes your posts since you can't defend Biden but resort to whataboutism. You bring nothing to the table.
If you wanted to destroy America, you would do everything Joe Biden is doing. Enjoy your party's destruction in the midterms and beyond. At this rate, the GOP might get a veto proof majority in the Senate.
Lets go Brandon!
#FJB
"Everybody dislikes your posts...." In 4 words, a pretty decent summary of the Trumpers on this thread, i.e., purposeful inaccuracy/dishonesty combined with high school-like popularity sensibilities.
And sh**, I KNOW that it's futile, but can't you consider stopping with your delusional "destroying America" crap? If D presidents "destroyed America," it would have been gone a LONG time ago. They don't. Nor did previous R presidents, of course.
But Trump was and is FUNDAMENTALLY different. And he owns THE ONLY party alternative to your (unnecessarily/unjustifiably) hated Biden. But you refuse to accept these very obvious facts.
