Greedflation

[TastySuckToy]

They don't even need immigrants when they can offshore the jobs to countries where labor is cheaper. Why does nobody in either party ever campaign on putting a stop to that?!

You mean like holding rallies promising to bring manufacturing back to America and using tariffs to punish companies doing so?

 

[butters]

THIS is what Kamala wants to put an end to.

I think the vast majority of Americans will support her.

and it's why republican pols/companies are so anti Lina Khan

 

[deckardB26354]

You mean like holding rallies promising to bring manufacturing back to America and using tariffs to punish companies doing so?

He can’t deliver a goddamn thing. He’s a fat orange hot air bag.

He had four excruciatingly long years of delivering nothing of consequence—unless you were a billionaire.

 

[butters]

our local Walmart is a prime example of slamming up certain prices

while I understand there have been supply chain issues, and problems caused by fires/floods/other natural disasters, I do not respect that the price of basic goods should be hiked without a damned good reason; if they get raised because of supply-demand issues (which, to me, is still wrong when it comes to pricing basic goods) then it's imperative their prices fall along with the easing of such issues to reflect this.

as we all know, that is far less likely the case than what we see: price-gouging for companies' profit margins.

my own preferred bottled water... sparkling, various fruit flavours, 1 litre, zero sugar, zero caffeine, zero sodium and zero calories, was selling well at 50 cents that then rose to 59 cents during the pandemic but is now being sold at 78 cents.

a basic sliced/unsliced italian loaf was retailing for $1 not long ago, now it's $1.50 or more.
A packet pizza mix that sold for 50 cents now goes for much closer to a dollar. These are not big items, but the kinds of thing people drop into their shopping carts often without thinking. It adds up really fast. It almost feels like (on these cheaper items, someone just said "fuck it, raise their prices by 50% across the board."

 

[butters]

little lace=FAIL

 

[TastySuckToy]

He can’t deliver a goddamn thing. He’s a fat orange hot air bag.

He four excruciatingly long years of delivering nothing of consequence—unless you were a billionaire.

The American people are certainly going to decide that.

 

[YDB95]

The American people are certainly going to decide that.

Unfortunately, no. The Electoral College is going to decide that. If it really were up to the American people, I'd be a lot more confident that Trump and his empty promises would stay in the rearview mirror.

 

[ll74]

Adrina, rob, Bitters, rory, luk and all their alts are rightfully bitching about their Democrats failure to stop 3 years of Greedflation.

Do the three of them keep you up at night?

 

[Politruk]

You mean like holding rallies promising to bring manufacturing back to America and using tariffs to punish companies doing so?

No economist believes raising tariffs would revive manufacturing jobs in the U.S.

 

[RobDownSouth]

Adrina, rob, Bitters, rory, luk and all their alts are rightfully bitching about their Democrats failure to stop 3 years of Greedflation.
It’s their failed Economy that could re-elect Trump.
Adrina, butters, rob, rory and all the luks are all bad people.

You seem angry, Lace. Angrier than your last userid here.
Have you considered taking a pro-biotic?
I've heard they can lessen your inflammation.

 

[RobDownSouth]

No economist believes raising tariffs would revive manufacturing jobs in the U.S.

Manufacturing jobs by and large have left the United States, and will never return in appreciable numbers.
The wage differential between first-world nations like America and third-world shitholes is just to large.
The United States has morphed into an information technology/entertainment/service economy.

We're still trying to come to grips with the large number of people "left behind" in flyover country.

Trump is the chattering avatar of their isolation and bitterness.

 

[MajorRewrite]

Manufacturing jobs by and large have left the United States, and will never return in appreciable numbers.
The wage differential between first-world nations like America and third-world shitholes is just to large.
The United States has morphed into an information technology/entertainment/service economy.

We're still trying to come to grips with the large number of people "left behind" in flyover country.

Trump is the chattering avatar of their isolation and bitterness.

There are almost 13 million manufacturing jobs in the US, which ain’t nothing.

https://data.bls.gov/timeseries/CES3000000001

During the Great Depression a Republican administration decided to raise tariffs to help US businesses. It was a spectacular failure.

Trump’s tariff plan is a repeat of a plan that caused the Great Depression to get worse than it was!

Planning to cause a trade war is simply dumb.

The US is #2 in the world in total exports, so a trade war would have a huge impact on the economy.

 

[RobDownSouth]

There are almost 13 million manufacturing jobs in the US, which ain’t nothing.

https://data.bls.gov/timeseries/CES3000000001

During the Great Depression a Republican administration decided to raise tariffs to help US businesses. It was a spectacular failure.

Trump’s tariff plan is a repeat of a plan that caused the Great Depression to get worse than it was!

Planning to cause a trade war is simply dumb.

The US is #2 in the world in total exports, so a trade war would have a huge impact on the economy.

I agree completely. A needless trade war benefits no one.

I wonder how many "manufacturing jobs" include the refining of oil and liquid natural gas? There are 9 million of those in the United States.

 

[ll74]

I’m new here, but if I sound like people who used to be here, that probably means you’ve been here too long, princess.

You're not new here.

 

[RobDownSouth]

I’m new here, but if I sound like people who used to be here, that probably means you’ve been here too long, princess.

No need for modesty li'l Lace.
Remember you went out on a high note way back in 2017 after advertising for a Lit girlfriend?

 

[BabyBoomer50s]

Reality check on the “Greedflation” myth.

https://www.frbsf.org/research-and-...re-markups-driving-ups-and-downs-of-inflation

 

[Pad_Foot]

Butttt!!!
Without those massive profits how could the ultra rich possibly contribute to so much LEGAL bribery to ensure we all have equal rights and representation??
Some people just deserve more!!!!
Oil companies??? Tax the SHIT out of their profits! Charge them to clean up all the plastics they’ve covered the Earth in! It’s bad enough the oil companies coated the Earth in lead already!!

 

[adrina]

 

[adrina]

 

[Lazaran]

Reality check on the “Greedflation” myth.

https://www.frbsf.org/research-and-...re-markups-driving-ups-and-downs-of-inflation

https://www.epi.org/blog/profits-and-price-inflation-are-indeed-linked/

• A spike in profit margins contributed significantly to inflation in the early part of the pandemic recovery, and likely contributed to even more persistent inflationary pressure by helping spur a countervailing rise in nominal wage growth. For example, rising profits explained well over 40% of the rise in the price level between the end of 2019 and mid-2022, compared with profits normally accounting for about 11-12% of prices.
• The profit spike was overwhelmingly due to pandemic distortions (shifting demand rapidly across sectors) and supply chain snarls (exacerbated by the Russian invasion of Ukraine) that granted many producers temporary monopoly power in key sectors.
  • Contrary to many influential economic writers and commentators, it is simply wrong to label the correlation between high profit margins and high inflation as simple evidence of an overheated economy. The overwhelming post-World War II evidence is that profit shares fall, not rise, as economies heat up.
• Corporate power absolutely conditioned how post-pandemic inflation happened.
  • Corporate concentration likely did not increase during the post-pandemic recovery, and concentration over the previous decade was unlikely to by itself explain much of the post-pandemic inflation.
  • But the economic and policy context of the post-pandemic recovery saw corporate power dramatically change how it was deployed to maintain and expand profits—instead of suppressing wages, they raised prices. If this episode increases public support for measures that constrain excess corporate power, that would be good even if it has little relevance for inflation in the future.

BabyBoobs needs to read and comprehend the information in that article - and then APOLOGIZE or STFU. (or BabyBoobs could just admit that they’re a gaslighting POS).



BabyBoobs



Side note:

The entire article is a good read, and is well worth the time and effort for any decent, intelligent individual that would like to be better informed about the unprecedented nature of the post pandemic corporate greed (greedflation).

 

[BabyBoomer50s]

https://www.epi.org/blog/profits-and-price-inflation-are-indeed-linked/

• A spike in profit margins contributed significantly to inflation in the early part of the pandemic recovery, and likely contributed to even more persistent inflationary pressure by helping spur a countervailing rise in nominal wage growth. For example, rising profits explained well over 40% of the rise in the price level between the end of 2019 and mid-2022, compared with profits normally accounting for about 11-12% of prices.
• The profit spike was overwhelmingly due to pandemic distortions (shifting demand rapidly across sectors) and supply chain snarls (exacerbated by the Russian invasion of Ukraine) that granted many producers temporary monopoly power in key sectors.
  • Contrary to many influential economic writers and commentators, it is simply wrong to label the correlation between high profit margins and high inflation as simple evidence of an overheated economy. The overwhelming post-World War II evidence is that profit shares fall, not rise, as economies heat up.
• Corporate power absolutely conditioned how post-pandemic inflation happened.
  • Corporate concentration likely did not increase during the post-pandemic recovery, and concentration over the previous decade was unlikely to by itself explain much of the post-pandemic inflation.
  • But the economic and policy context of the post-pandemic recovery saw corporate power dramatically change how it was deployed to maintain and expand profits—instead of suppressing wages, they raised prices. If this episode increases public support for measures that constrain excess corporate power, that would be good even if it has little relevance for inflation in the future.

BabyBoobs needs to read and comprehend the information in that article - and then APOLOGIZE or STFU. (or BabyBoobs could just admit that they’re a gaslighting POS).



BabyBoobs



Side note:

The entire article is a good read, and is well worth the time and effort for any decent, intelligent individual that would like to be better informed about the unprecedented nature of the post pandemic corporate greed (greedflation).

LoserAn loves to cite left wing sources.

The Economic Policy Institute (EPI) is a 501(c)(3) non-profit American think tankbased in Washington, D.C., that carries out economic research and analyzes the economic impact of policies and proposals. Affiliated with the labor movement,[2][3][4]the EPI is usually described as presenting a left-leaning and pro-union viewpoint on public policy issues.[5][6]

 

[Lazaran]

LoserAn loves to cite left wing sources.

The Economic Policy Institute (EPI) is a 501(c)(3) non-profit American think tankbased in Washington, D.C., that carries out economic research and analyzes the economic impact of policies and proposals. Affiliated with the labor movement,[2][3][4]the EPI is usually described as presenting a left-leaning and pro-union viewpoint on public policy issues.[5][6]

So BabyBoobs can’t comprehend, or BabyBoobs can’t rebut, the conclusions in the report.



BabyBoobs

 

[BabyBoomer50s]

So BabyBoobs can’t comprehend, or BabyBoobs can’t rebut, the conclusions in the report.



BabyBoobs

“Using industry-level data, we show that markups did rise substantially in a few important sectors, such as motor vehicles and petroleum products. However, aggregate markups—the more relevant measure for overall inflation—have stayed essentially flat since the start of the recovery. As such, rising markups have not been a main driver of the recent surge and subsequent decline in inflation during the current recovery.”

Source: Federal Reserve Bank of San Francisco

If you want to hang your hat on what you found on the website of a left wing think tank staffed with political hacks like Robert Reich, that’s fine. I’m sharing credible analysis produced by the Federal Reserve Bank of SF.

 

[Politruk]

political hacks like Robert Reich

 

[Lazaran]

“Using industry-level data, we show that markups did rise substantially in a few important sectors, such as motor vehicles and petroleum products. However, aggregate markups—the more relevant measure for overall inflation—have stayed essentially flat since the start of the recovery. As such, rising markups have not been a main driver of the recent surge and subsequent decline in inflation during the current recovery.”

Source: Federal Reserve Bank of San Francisco

If you want to hang your hat on what you found on the website of a left wing think tank staffed with political hacks like Robert Reich, that’s fine. I’m sharing credible analysis produced by the Federal Reserve Bank of SF.

BabyBoobs STILL has NO rebuttal to the information, analysis, and conclusions of this report:

https://www.epi.org/blog/profits-and-price-inflation-are-indeed-linked/



BabyBoobs



Side note:

The Federal Reserve is the same institution that FAILED to monitor / oversee banks like SVB - which nearly resulted in another economic disaster / meltdown.



President Biden and Vice President Harris handled that Federal Reserve FAILURE magnificently, and calmed the waters with strong and steady leadership during the crisis.