Greedflation

[Fuzzy1975]

I absolutely did not attribute high gas prices to corporate greed. I attribute gas prices to supply (ex. refining capacity) and demand conditions, augmented by taxes and regulations. Californians get hit especially hard on gas prices compared to the rest of the country.

That was not the question. Did you enjoy paying higher gas prices?

 

[wallstreetguy]

https://thehill.com/policy/finance/...in-third-quarter-amid-40-year-high-inflation/

Funny that an anti free markets article would quote....the Chief Economist at UBS. That is Union Bank Swiss, in English. It is an enromous global bank/money launderer for the world's rich/ciminals/tax dodgers (many of them lefty celebs - check out the Panama Papers; it is a fun exercise in "spot the liberal"). His end game is probably to cover UBS's rear once they also announce record earnings ("High tide raises all boats, right fellas?").
Also, tons of finance guys are super left. They talk Workers of the World Unite over $700 dollar bottles of wine.
That said, corporations are making more money because they are taking on more risk by putting up more money to make sure that the toilet paper is produced and shipped; that the gas makes it to the pump; that your phone arrives on your doorstep. They spend more and want higher return. That is just the way it is. Don't like it? make your own toilet paper, they say, and discover your own gas.
Many of these companies lost money during the previous cycle because inflation was so low. They were counting on volume and repeat business (which tanked during Covid and after Biden). Now, they are making up for it, just like utlities increased rates to make up for people not paying their bills during Covid (knowing they would not get evicted).
Funny that I am defending finance and Big Business. They are all lefties who are tickled pink that Biden and Dems allow them their excesses.

 

[Fuzzy1975]

Funny that an anti free markets article would quote....the Chief Economist at UBS. That is Union Bank Swiss, in English. It is an enromous global bank/money launderer for the world's rich/ciminals/tax dodgers (many of them lefty celebs - check out the Panama Papers; it is a fun exercise in "spot the liberal"). His end game is probably to cover UBS's rear once they also announce record earnings ("High tide raises all boats, right fellas?").
Also, tons of finance guys are super left. They talk Workers of the World Unite over $700 dollar bottles of wine.
That said, corporations are making more money because they are taking on more risk by putting up more money to make sure that the toilet paper is produced and shipped; that the gas makes it to the pump; that your phone arrives on your doorstep. They spend more and want higher return. That is just the way it is. Don't like it? make your own toilet paper, they say, and discover your own gas.
Many of these companies lost money during the previous cycle because inflation was so low. They were counting on volume and repeat business (which tanked during Covid and after Biden). Now, they are making up for it, just like utlities increased rates to make up for people not paying their bills during Covid (knowing they would not get evicted).
Funny that I am defending finance and Big Business. They are all lefties who are tickled pink that Biden and Dems allow them their excesses.

For someone who claims to work in Finance, you sure write poorly.

I wonder how successful you can be? If you express yourself in the same manner verbally as you do here in the written form I know I'd never invest/enter a financial relationship with you.

Judging by what you post here; in real life I hope you don't come off as the fool you appear to be here.

 

[BabyBoomer50s]

That was not the question. Did you enjoy paying higher gas prices?

No, of course not.

 

[wallstreetguy]

For someone who claims to work in Finance, you sure write poorly.

I wonder how successful you can be? If you express yourself in the same manner verbally as you do here in the written form I know I'd never invest/enter a financial relationship with you.

Judging by what you post here; in real life I hope you don't come off as the fool you appear to be here.

Grammar edits:
*First sentence: capitalized "Finance."
*First paragraph: one sentence (should be at least two).
*Second paragraph: single space before "I" and double space between sentences. Poor punctuation in third sentence (run-on).
*Third paragraph: incorrect usage of semi-colon (see above my correct usage).
I will not comment on use of "I'd" and "don't" since writer is probably unfamiliar with NYT style guide, most of which I have committed to memory. Also, I will allow the use of question mark in second paragraph. High school writing classes are divided on this, so I will assume he learned it this way.

Factual and stylistic edits/errors:
*Writer assumes I am in sales or an investment banker.
*Writer assumes I am not successful.
*Writer never rebuts any actual arguments with facts.
*Writer uses personal attacks.
*Writer has a weird username.
*Writers says I write poorly.

Meanwhile, my points all stand. Cheers.

 

[AsmodeusPrime]

The people quoted in The Hill didn’t define the threshold for acceptable profit margins. Nor did they address risk, capital investment, market volatility, payback period, and other factors that us capitalists consider. Pursuit of profit is a beautiful thing.

I wouldn't call it beautiful.... but I like it because it's HONEST. I can count on greed. People start trying to pretend they're in it for greater goods and higher causes?? Or they need me to be in it for greater goods and higher causes?? Red flags.... with flashing red lights attached.

There will always be flatulent business and corporate gaslighters, like BabyBoobs, who spew diversionary clouds of distractions in an attempt to confuse matters.

They aren't though, they're just trying to sell you shit.

The bottom line is the bottom line.

EXACTLY!!!!

Business and corporate profiteering is real.

Yea, that's the whole fucking point. Nobody goes and grinds 90 hr work weeks for "the greater good" ... they do it to go make fuck loads of money.

Consequences should be forthcoming.

Yes, they should get to be rich and keep their wealth, pass it on to their progeny.

 

[Lazaran]

Funny that an anti free markets article would quote....the Chief Economist at UBS. That is Union Bank Swiss, in English. It is an enromous global bank/money launderer for the world's rich/ciminals/tax dodgers (many of them lefty celebs - check out the Panama Papers; it is a fun exercise in "spot the liberal"). His end game is probably to cover UBS's rear once they also announce record earnings ("High tide raises all boats, right fellas?").
Also, tons of finance guys are super left. They talk Workers of the World Unite over $700 dollar bottles of wine.
That said, corporations are making more money because they are taking on more risk by putting up more money to make sure that the toilet paper is produced and shipped; that the gas makes it to the pump; that your phone arrives on your doorstep. They spend more and want higher return. That is just the way it is. Don't like it? make your own toilet paper, they say, and discover your own gas.
Many of these companies lost money during the previous cycle because inflation was so low. They were counting on volume and repeat business (which tanked during Covid and after Biden). Now, they are making up for it, just like utlities increased rates to make up for people not paying their bills during Covid (knowing they would not get evicted).
Funny that I am defending finance and Big Business. They are all lefties who are tickled pink that Biden and Dems allow them their excesses.

Another flatulent business and corporate gaslighter spewing clouds of obfuscation out of their ass.

The “They are all lefties” twist was a nice touch, but only further demonstrates the intellectual dishonesty of the narrative.

Meanwhile, the truth of businesses and corporate profiteering remains.

 

[Fuzzy1975]

No, of course not.

Thank you for actually answering the question.

 

[Fuzzy1975]

Grammar edits:
*First sentence: capitalized "Finance."
*First paragraph: one sentence (should be at least two).
*Second paragraph: single space before "I" and double space between sentences. Poor punctuation in third sentence (run-on).
*Third paragraph: incorrect usage of semi-colon (see above my correct usage).
I will not comment on use of "I'd" and "don't" since writer is probably unfamiliar with NYT style guide, most of which I have committed to memory. Also, I will allow the use of question mark in second paragraph. High school writing classes are divided on this, so I will assume he learned it this way.

Factual and stylistic edits/errors:
*Writer assumes I am in sales or an investment banker.
*Writer assumes I am not successful.
*Writer never rebuts any actual arguments with facts.
*Writer uses personal attacks.
*Writer has a weird username.
*Writers says I write poorly.

Meanwhile, my points all stand. Cheers.

Why do you assume I was implying poor grammer on your part? I was implying poor use of words, and points.

As to the grammar, yes Finance should be capitalised in the manner I used it. For example lets say the discussion was about automobiles should I capitalise General Motors, or not? Well yes I do since I am referring to a corporation. In this case I was referring to Finance as a business entity.

A paragraph is a group of sentences that fleshes out a single idea. I fleshed out my idea in one sentence.

AS to the rest of your drivel, again you're a shitty writer, I hope verbally you're more expressive and don't look like an idiot.

 

[Fuzzy1975]

Grammar edits:
*First sentence: capitalized "Finance."
*First paragraph: one sentence (should be at least two).
*Second paragraph: single space before "I" and double space between sentences. Poor punctuation in third sentence (run-on).
*Third paragraph: incorrect usage of semi-colon (see above my correct usage).
I will not comment on use of "I'd" and "don't" since writer is probably unfamiliar with NYT style guide, most of which I have committed to memory. Also, I will allow the use of question mark in second paragraph. High school writing classes are divided on this, so I will assume he learned it this way.

Factual and stylistic edits/errors:
*Writer assumes I am in sales or an investment banker.
*Writer assumes I am not successful.
*Writer never rebuts any actual arguments with facts.
*Writer uses personal attacks.
*Writer has a weird username.
*Writers says I write poorly.

Meanwhile, my points all stand. Cheers.

They belong to a Union, ( though wallstreet guy will argue the word Union should not be capitalised) and don't have to quit, they can strike. No one says the Company needs to meet their demands either.

Poor histrionic Bobo.....*chuckles*

 

[butters]

Funny that an anti free markets article would quote....the Chief Economist at UBS. That is Union Bank Swiss, in English. It is an enromous global bank/money launderer for the world's rich/ciminals/tax dodgers (many of them lefty celebs - check out the Panama Papers; it is a fun exercise in "spot the liberal"). His end game is probably to cover UBS's rear once they also announce record earnings ("High tide raises all boats, right fellas?").
Also, tons of finance guys are super left. They talk Workers of the World Unite over $700 dollar bottles of wine.
That said, corporations are making more money because they are taking on more risk by putting up more money to make sure that the toilet paper is produced and shipped; that the gas makes it to the pump; that your phone arrives on your doorstep. They spend more and want higher return. That is just the way it is. Don't like it? make your own toilet paper, they say, and discover your own gas.
Many of these companies lost money during the previous cycle because inflation was so low. They were counting on volume and repeat business (which tanked during Covid and after Biden). Now, they are making up for it, just like utlities increased rates to make up for people not paying their bills during Covid (knowing they would not get evicted).
Funny that I am defending finance and Big Business. They are all lefties who are tickled pink that Biden and Dems allow them their excesses.

for someone nitpicking another's grammar and punctuation, you really should double-check your own. In just your opening paragraph there are multiple issues:

Funny that an anti free markets article would quote....the Chief Economist at UBS. That is Union Bank Swiss, in English. It is an enromous global bank/money launderer for the world's rich/ciminals/tax dodgers (many of them lefty celebs - check out the Panama Papers; it is a fun exercise in "spot the liberal"). His end game is probably to cover UBS's rear once they also announce record earnings ("High tide raises all boats, right fellas?").

3 dots for an ellipsis, not 4, with single spaces either side is the correct usage, with 4 acceptable when at the end of a sentence.
you typed 'enromous'!
you typed 'ciminals'
and then you misused a hyphen where an em dash is required
I'd also recommend the cleaner UBS' over UBS's

 

[KeithD]

for someone nitpicking another's grammar and punctuation, you really should double-check your own. In just your opening paragraph there are multiple issues:


3 dots for an ellipsis, not 4, with single spaces either side is the correct usage, with 4 acceptable when at the end of a sentence.
you typed 'enromous'!
you typed 'ciminals'
and then you misused a hyphen where an em dash is required
I'd also recommend the cleaner UBS' over UBS's

Not to mention that wallstreetguy specified that terminal punctuation is followed by two spaces, which never was used in publishing and went out of general use with the introduction of the computer. No, wallstreetguy certainly shouldn't be criticizing anyone else's use of grammar, spelling, and punctuation.

 

[BabyBoomer50s]

Thank you for actually answering the question.

One can dislike paying prices for things while also appreciating that those things wouldn’t be available to purchase in the first place if sellers were not motivated to produce them. Profits are the primary source of motivation.

One of the reasons gas prices are high is because refinery capacity has decreased. They are very expensive to build and maintain, and take years to come online. It is riskier to replace obsolete refineries these days because EV adoption is anticipated to shrink demand for gas in the years and decades ahead.