Inflation

[nelly02]

Thoughts?

Half of recent US inflation due to high corporate profits, report finds

Thinktank report says ‘resounding evidence’ shows companies continue to keep prices high even as their inflationary costs drop

www.theguardian.com

 

[QChawks]

 

[srams21]

 

[Sharky1203]

Thoughts?

Half of recent US inflation due to high corporate profits, report finds

Thinktank report says ‘resounding evidence’ shows companies continue to keep prices high even as their inflationary costs drop

www.theguardian.com

I'm not defending this (just want to put that out there) but corporations often put out high profit earnings to drive stock prices. It's all funny money so to speak. The article doesn't give much hard data so I'm not sure this is the case.

If it is true, then gov audits need to take place.

 

[nelly02]

Agreed. But our resident Rs have been shrieking for 3 plus years about inflation out of control yet are ready to vote in people who will do anything to up corporate profits. When will they realize congress needs to pass legislation to fix these issues and electing Rs isn't going to make that happen? I think Biden could be doing more as well to help and wish he would but if people think trump is going to fix this they are in for a rude awakening

 

[seminole97]

Agreed. But our resident Rs have been shrieking for 3 plus years about inflation out of control yet are ready to vote in people who will do anything to up corporate profits. When will they realize congress needs to pass legislation to fix these issues and electing Rs isn't going to make that happen?

Corporations can’t print money, so they can’t create inflation. Full stop.

Congressional price fixing won’t stop inflation, it will just create economic chaos as prices cease reflecting the information of economic actors in lieu of bureaucratic diktats.

 

[TC Nole OX]

Thoughts?

Half of recent US inflation due to high corporate profits, report finds

Thinktank report says ‘resounding evidence’ shows companies continue to keep prices high even as their inflationary costs drop

www.theguardian.com

Kroger CEO admitted this a while back. GQP voters remain clueless.

Kroger CEO Confession on Inflation

iowa.forums.rivals.com

 

[luvmyhawks]

Wait, wait wait… so you are telling me prices went up and so did profit? This is absolutely stunning and mind blowing information.

 

[thewop]

I'm not defending this (just want to put that out there) but corporations often put out high profit earnings to drive stock prices. It's all funny money so to speak. The article doesn't give much hard data so I'm not sure this is the case.

If it is true, then gov audits need to take place.

The public company I worked for did that all the time.

We'd hold shipments at the end of good quarters to pad the next quarter, we'd freeze spending to make a current quarter look better, etc.

But to the original point, I definitely think companies take advantage of "inflation" to increase prices without taking the heat for it. Why wouldn't they?

 

[binsfeldcyhawk2]

Why Price Controls Should Stay in the History Books

Prices allocate scarce resources. Price controls distort those signals, leading to the inefficient allocation of goods and services.

www.stlouisfed.org

 

[luvmyhawks]

The public company I worked for did that all the time.

We'd hold shipments at the end of good quarters to pad the next quarter, we'd freeze spending to make a current quarter look better, etc.

But to the original point, I definitely think companies take advantage of "inflation" to increase prices without taking the heat for it. Why wouldn't they?

Of course they do. It is called supply and demand. A very basic principle that seems lost on many.

 

[seminole97]

Kroger CEO admitted this a while back. GQP voters remain clueless.

Kroger CEO Confession on Inflation

iowa.forums.rivals.com

A seller is always able to raise the price of their products.
If demand is such that the public will buy at the new price his increased profits are a critical market signal to other producers that this particular product is in demand, and if they think they can sell the same product at a lower price they can steal his market share.
But if consumers are spending more money on product A they necessarily have less money to spend on all other products. Thus producers cannot increase the general price level.

What can increase all prices across the board? Only increasing the supply of money.

Corporations can’t do this.

You’re the exact kind of dupe Lenin was looking for:


Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security but [also] at confidence in the equity of the existing distribution of wealth.

Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become "profiteers," who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.”

Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.
-John Maynard Keynes, The Economic Consequences of the Peace

 

[Here_4_a_Day]

Thoughts?

Half of recent US inflation due to high corporate profits, report finds

Thinktank report says ‘resounding evidence’ shows companies continue to keep prices high even as their inflationary costs drop

www.theguardian.com

Is this why smart people have money and stupid people [like you] don’t?

 

[abby97]

Thoughts?

Half of recent US inflation due to high corporate profits, report finds

Thinktank report says ‘resounding evidence’ shows companies continue to keep prices high even as their inflationary costs drop

www.theguardian.com

My thought is you are slow......

 

[nelly02]

My thought is you are slow......

Keep sucking that big daddy corporate dick abby

 

[Sharky1203]

The public company I worked for did that all the time.

We'd hold shipments at the end of good quarters to pad the next quarter, we'd freeze spending to make a current quarter look better, etc.

But to the original point, I definitely think companies take advantage of "inflation" to increase prices without taking the heat for it. Why wouldn't they?

Exactly. And don't think for one minute that the government isn't doing it also.

 

[mthawkeyes]

Maybe we need better antitrust laws or better enforcement of antitrust laws. Capitalism does many things very well if there's competition.

 

[markfromj]

I'm not defending this (just want to put that out there) but corporations often put out high profit earnings to drive stock prices. It's all funny money so to speak. The article doesn't give much hard data so I'm not sure this is the case.

If it is true, then gov audits need to take place.

You want the government to audit to see if companies are charging “too much” for something?

JFC!

 

[Sharky1203]

You want the government to audit to see if companies are charging “too much” for something?

JFC!

Yes, unless you like what happened in 08-09.

 

[seminole97]

Yes, unless you like what happened in 08-09.

How does an outside third party to a transaction substitute their subjective valuation for either of the transacting parties?

 

[jawatkins]

I find that as I get older I’m not great at inflating the pool toys. I just make it into a game for the nieces and nephews and they race for $1 to inflate the fastest. Kids are stupid.

 

[Sharky1203]

How does an outside third party to a transaction substitute their subjective valuation for either of the transacting parties?

That's not what I'm talking about and you know it. I'm referring to the upper management and board members who pockets millions and bankrupted the companies. Mean while people were broke and struggling, while the management and board members were having orgies on tropical islands. Then went to the government and got the companies bailed out on the taxpayers dollars.

 

[seminole97]

Capitalism basically requires cuckolds.

No, it requires property rights and the freedom to exchange that property without a bureaucrat’s blessing.

 

[seminole97]

I'm not going to take that shit from a cuck.

I don’t think you’re capable of rationally discussing the causes of inflation, because if you were you’d do that instead of fling insults.

Nothing could matter less to me than your opinion of me.

But if you have insight into how a corporation can increase the money supply, and thereby increase the general price level, I’d be interested to hear it.

 

[IANDFAN]

Wait, wait wait… so you are telling me prices went up and so did profit? This is absolutely stunning and mind blowing information.

You’re missing cost in your equation there.

 

[jamesvanderwulf]

My car and house insurance combined jumped 32% from last year. No claims or changes to the policies...

 

[JRHawk2003]

My car and house insurance combined jumped 32% from last year. No claims or changes to the policies...

Not inflation driven.

 

[binsfeldcyhawk2]

Prices rose more than expected in January as inflation won’t go away​

Inflation rose more than expected in January as stubbornly high shelter prices weighed on consumers, the Labor Department reported Tuesday.

The consumer price index, a broad-based measure of the prices shoppers face for goods and services across the economy, increased 0.3% for the month, the Bureau of Labor Statistics reported. On a 12-month basis, that came out to 3.1%, down from 3.4% in December.

Prices rose more than expected in January as inflation won't go away

The consumer price index was expected to show a 0.2% increase in January, according to economists surveyed by Dow Jones.

www.cnbc.com