Found The Cause Of The Inflation. There Is None

[Toddsterpatriot]

UK "think tanks" say inflation is not Biden's fault. Yeah sure ok, uh huh

British commies say profit is bad, Biden is good.

 

[Arlette]

A repair part I buy often is NOS (new old stock) from the 1980's
Pre-pandemic price- $39
Post-pandemic price- $120

That is only a small example of a company that gouge their customers with so called pandemic inflation.

People here post all the time that grocery prices go up and up. Just let Albertson and Kroger merge and then they really got something to cry about.

 

[1srelluc]

OK OP, how do you explain the 16% drop in the value of the dollar since 2020?

 

[justoffal]

A new report from progressive UK.-based think-tanks IPPR and Common Wealth says profiteering played a major role in jacking up prices far above the rise in costs, reinforcing a previous but narrower study showing such an impact. Among other things, the researchers called for a global corporation tax to curtail unrestrained profits.

The team analyzed 1,350 companies listed on stock markets in the United Kingdom, United States, Germany, Brazil, and South Africa. It found that profits rose by 30% among firms listed in the U.K., this increase being primarily driven by 11% of them garnering super profits in the post-pandemic world. In the U.S. the profits were even more excessive, but also more broadly based, involving 33% of companies.

Giant energy companies, mining companies, and monopolistic food companies all saw their profits leap ahead of inflation after the February 2022 Russian invasion of Ukraine. Technology companies, telecommunications, and banking also raised their profit margins with big price hikes.

Some examples of companies who boosted profits the most from the pre-pandemic average: ExxonMobil—profits of $18.9 billion rose to $66.6 billion; Shell—$20 billion rose to $55 billion; Archer-Daniels-Midland—$1.77 billion rose to $4 billion; and Kraft Heinz—$333 million rose to $2.3 billion.

Monopolistic market clout drove some of those higher profits. “This has caused significant harm to the economy as a whole,” according to the report. “Global GDP could be 8% higher than it is now had market power not risen.

Clapp and Howard (2023) highlight that only four companies—Archer-Daniels-Midland (ADM), Cargill, Bunge, and Dreyfus—control an estimated 70-90 per cent of the world grain market.

Profits for ADM, Bunge, Cargill and Louis Dreyfus rose 255% in 2021.

New report unsurprisingly shows that profiteers have raised prices well above the rise in costs

A new report from progressive UK.-based think-tanks IPPR and Common Wealth says profiteering played a major role in jacking up prices far above the rise in costs, reinforcing a previous but narrower study showing such an impact. Among other things, the...

www.dailykos.com

The only thing thats inflated are corporate profits. This story will be highlighted in 2024, along with abortion, thanks Texas, and never ending mass shootings.

Another 12 million voters to be added to the rolls next year.

See you then.

To the end consumer inflation in the REAL is the intrinsic spending power that he/she sees shrinking. The technical jargon put out by the Fed or the government financial analysts makes no progress whatsoever at the kitchen table. First of all it's not understood, secondly it's not trusted and thirdly half of it is bullshit.

What does make progress is the continuously vanishing standard of living that reduces the total weekly calorie purchase, places home ownership father and father out of reach, creates late payments on automobile debt and drives people to work many more man hours per pay period for the same stake.

Jo

 

[John Edgar Slow Horses]

Trump's Covid response mismanagement coupled to both parties flooding the market with 0 % money along with trillion and trillions of handouts.

 

[Moonglow]

A new report from progressive UK.-based think-tanks IPPR and Common Wealth says profiteering played a major role in jacking up prices far above the rise in costs, reinforcing a previous but narrower study showing such an impact. Among other things, the researchers called for a global corporation tax to curtail unrestrained profits.

The team analyzed 1,350 companies listed on stock markets in the United Kingdom, United States, Germany, Brazil, and South Africa. It found that profits rose by 30% among firms listed in the U.K., this increase being primarily driven by 11% of them garnering super profits in the post-pandemic world. In the U.S. the profits were even more excessive, but also more broadly based, involving 33% of companies.

Giant energy companies, mining companies, and monopolistic food companies all saw their profits leap ahead of inflation after the February 2022 Russian invasion of Ukraine. Technology companies, telecommunications, and banking also raised their profit margins with big price hikes.

Some examples of companies who boosted profits the most from the pre-pandemic average: ExxonMobil—profits of $18.9 billion rose to $66.6 billion; Shell—$20 billion rose to $55 billion; Archer-Daniels-Midland—$1.77 billion rose to $4 billion; and Kraft Heinz—$333 million rose to $2.3 billion.

Monopolistic market clout drove some of those higher profits. “This has caused significant harm to the economy as a whole,” according to the report. “Global GDP could be 8% higher than it is now had market power not risen.

Clapp and Howard (2023) highlight that only four companies—Archer-Daniels-Midland (ADM), Cargill, Bunge, and Dreyfus—control an estimated 70-90 per cent of the world grain market.

Profits for ADM, Bunge, Cargill and Louis Dreyfus rose 255% in 2021.

New report unsurprisingly shows that profiteers have raised prices well above the rise in costs

A new report from progressive UK.-based think-tanks IPPR and Common Wealth says profiteering played a major role in jacking up prices far above the rise in costs, reinforcing a previous but narrower study showing such an impact. Among other things, the...

www.dailykos.com

The only thing thats inflated are corporate profits. This story will be highlighted in 2024, along with abortion, thanks Texas, and never ending mass shootings.

Another 12 million voters to be added to the rolls next year.

See you then.

Really no surprise.

 

[Oddball]

Trump's Covid response mismanagement coupled to both parties flooding the market with 0 % money along with trillion and trillions of handouts.

The market had already been flooded with 0% money and trillions in handouts to Wall Street since Barry Oboingo.

 

[Moonglow]

Trump's Covid response mismanagement coupled to both parties flooding the market with 0 % money along with trillion and trillions of handouts.

Indeed it was a fool's folly to follow that protocol.

 

[Moonglow]

The market had already been flooded with 0% money and trillions in handouts to Wall Street since Barry Oboingo.

Untrue as the budget was negotiated to reduce across the board govt. expenditure. The feds control interest not the president.

 

[Libby von H]

A new report from progressive UK.-based think-tanks IPPR and Common Wealth says profiteering played a major role in jacking up prices far above the rise in costs, reinforcing a previous but narrower study showing such an impact. Among other things, the researchers called for a global corporation tax to curtail unrestrained profits.

The team analyzed 1,350 companies listed on stock markets in the United Kingdom, United States, Germany, Brazil, and South Africa. It found that profits rose by 30% among firms listed in the U.K., this increase being primarily driven by 11% of them garnering super profits in the post-pandemic world. In the U.S. the profits were even more excessive, but also more broadly based, involving 33% of companies.

Giant energy companies, mining companies, and monopolistic food companies all saw their profits leap ahead of inflation after the February 2022 Russian invasion of Ukraine. Technology companies, telecommunications, and banking also raised their profit margins with big price hikes.

Some examples of companies who boosted profits the most from the pre-pandemic average: ExxonMobil—profits of $18.9 billion rose to $66.6 billion; Shell—$20 billion rose to $55 billion; Archer-Daniels-Midland—$1.77 billion rose to $4 billion; and Kraft Heinz—$333 million rose to $2.3 billion.

Monopolistic market clout drove some of those higher profits. “This has caused significant harm to the economy as a whole,” according to the report. “Global GDP could be 8% higher than it is now had market power not risen.

Clapp and Howard (2023) highlight that only four companies—Archer-Daniels-Midland (ADM), Cargill, Bunge, and Dreyfus—control an estimated 70-90 per cent of the world grain market.

Profits for ADM, Bunge, Cargill and Louis Dreyfus rose 255% in 2021.

New report unsurprisingly shows that profiteers have raised prices well above the rise in costs

A new report from progressive UK.-based think-tanks IPPR and Common Wealth says profiteering played a major role in jacking up prices far above the rise in costs, reinforcing a previous but narrower study showing such an impact. Among other things, the...

www.dailykos.com

The only thing thats inflated are corporate profits. This story will be highlighted in 2024, along with abortion, thanks Texas, and never ending mass shootings.

Another 12 million voters to be added to the rolls next year.

See you then.

You are very dishonest in your use of words. Inflation slowed BUT left high prices high and they have not come down
So you are like the fireman telling you that for past two hours they've kept your house fire 'contained'
The surgery was a success but the patient died



Saw this less than one day ago
Prices are still 17% higher than they were before the inflation surge began and are still rising.

 

[LeroyDumonde]

We'll probably never know the cause of the inflation.

 

[LeroyDumonde]

EBITDA for various companies. Data comes from Yahoo Finance. All numbers in thousands of dollars.

Amazon:
12/31/20: 51,076,000
12/31/21: 74,393,000
12/31/22: 38,352,000

Walmart:
1/31/20: 33,702,000
1/31/21: 34,031,000
1/31/22: 31,348,000
1/31/23: 30,089,000

Target:
1/31/20: 7,271,000
1/31/21: 9,008,000
1/31/22: 11,970,000
1/31/23: 6,596,000

PepsiCo:
12/31/20: 13,223,000
12/31/21: 14,899,000
12/31/22: 14,924,000

Procter & Gamble:
6/30/20: 19,312,000
6/30/21: 20,852,000
6/30/22: 21,241,000
6/30/23: 21,823,000

General Mills:
5/31/20: 3,667,400
5/31/21: 3,886,400
5/31/22: 4,163,300
5/31/23: 4,083,200

Where exactly is the evidence for price gouging and record profits? Keep in mind that these are nominal dollars, not inflation adjusted dollars.

 

[justoffal]

A new report from progressive UK.-based think-tanks IPPR and Common Wealth says profiteering played a major role in jacking up prices far above the rise in costs, reinforcing a previous but narrower study showing such an impact. Among other things, the researchers called for a global corporation tax to curtail unrestrained profits.

The team analyzed 1,350 companies listed on stock markets in the United Kingdom, United States, Germany, Brazil, and South Africa. It found that profits rose by 30% among firms listed in the U.K., this increase being primarily driven by 11% of them garnering super profits in the post-pandemic world. In the U.S. the profits were even more excessive, but also more broadly based, involving 33% of companies.

Giant energy companies, mining companies, and monopolistic food companies all saw their profits leap ahead of inflation after the February 2022 Russian invasion of Ukraine. Technology companies, telecommunications, and banking also raised their profit margins with big price hikes.

Some examples of companies who boosted profits the most from the pre-pandemic average: ExxonMobil—profits of $18.9 billion rose to $66.6 billion; Shell—$20 billion rose to $55 billion; Archer-Daniels-Midland—$1.77 billion rose to $4 billion; and Kraft Heinz—$333 million rose to $2.3 billion.

Monopolistic market clout drove some of those higher profits. “This has caused significant harm to the economy as a whole,” according to the report. “Global GDP could be 8% higher than it is now had market power not risen.

Clapp and Howard (2023) highlight that only four companies—Archer-Daniels-Midland (ADM), Cargill, Bunge, and Dreyfus—control an estimated 70-90 per cent of the world grain market.

Profits for ADM, Bunge, Cargill and Louis Dreyfus rose 255% in 2021.

New report unsurprisingly shows that profiteers have raised prices well above the rise in costs

A new report from progressive UK.-based think-tanks IPPR and Common Wealth says profiteering played a major role in jacking up prices far above the rise in costs, reinforcing a previous but narrower study showing such an impact. Among other things, the...

www.dailykos.com

The only thing thats inflated are corporate profits. This story will be highlighted in 2024, along with abortion, thanks Texas, and never ending mass shootings.

Another 12 million voters to be added to the rolls next year.

See you then.

YAWWWWWN.....CORE INFLATION VERSUS REAL INFLATION.....soooo boring.
Nobody gives two shits about the complex formulary that tries to hide final cost from the consumer because to them it's all one cost of living number.

 

[justoffal]

We'll probably never know the cause of the inflation.

View attachment 886970

Ultimately it's an opinion and matters little to the final cost of living on the layman's level. Frantically pointing at supply and demand or price gouging is not going to get anyone off the hook of public anger. People do not spend $100.00 at the grocery store and then parse out 50 for real cost 30 for gouging and 20 for inflation. Why???....because to them ALL OF IT IS INFLATION.

So what does the Democrat do? They refer to the public as stupid and uneducated further sinking their chances of getting the message across; And in reality It's an exercise and futility trying to separate cost factors from one another because in the final process of purchase It is ultimately meaningless.

 

[justoffal]

A new report from progressive UK.-based think-tanks IPPR and Common Wealth says profiteering played a major role in jacking up prices far above the rise in costs, reinforcing a previous but narrower study showing such an impact. Among other things, the researchers called for a global corporation tax to curtail unrestrained profits.

The team analyzed 1,350 companies listed on stock markets in the United Kingdom, United States, Germany, Brazil, and South Africa. It found that profits rose by 30% among firms listed in the U.K., this increase being primarily driven by 11% of them garnering super profits in the post-pandemic world. In the U.S. the profits were even more excessive, but also more broadly based, involving 33% of companies.

Giant energy companies, mining companies, and monopolistic food companies all saw their profits leap ahead of inflation after the February 2022 Russian invasion of Ukraine. Technology companies, telecommunications, and banking also raised their profit margins with big price hikes.

Some examples of companies who boosted profits the most from the pre-pandemic average: ExxonMobil—profits of $18.9 billion rose to $66.6 billion; Shell—$20 billion rose to $55 billion; Archer-Daniels-Midland—$1.77 billion rose to $4 billion; and Kraft Heinz—$333 million rose to $2.3 billion.

Monopolistic market clout drove some of those higher profits. “This has caused significant harm to the economy as a whole,” according to the report. “Global GDP could be 8% higher than it is now had market power not risen.

Clapp and Howard (2023) highlight that only four companies—Archer-Daniels-Midland (ADM), Cargill, Bunge, and Dreyfus—control an estimated 70-90 per cent of the world grain market.

Profits for ADM, Bunge, Cargill and Louis Dreyfus rose 255% in 2021.

New report unsurprisingly shows that profiteers have raised prices well above the rise in costs

A new report from progressive UK.-based think-tanks IPPR and Common Wealth says profiteering played a major role in jacking up prices far above the rise in costs, reinforcing a previous but narrower study showing such an impact. Among other things, the...

www.dailykos.com

The only thing thats inflated are corporate profits. This story will be highlighted in 2024, along with abortion, thanks Texas, and never ending mass shootings.

Another 12 million voters to be added to the rolls next year.

See you then.

Wrong....to Main Street intrinsic inflation and price gouging add up to REAL INFLATION. Try separating them at your own peril. Additionally you can't have it both ways. It is those exact same corporate profits that bump up the stock market which number then gets used on bragging posts about the economy ....you doofus!

 

[CrusaderFrank]

I stopped reading after “report from Progressive”

 

[Libby von H]

A new report from progressive UK.-based think-tanks IPPR and Common Wealth says profiteering played a major role in jacking up prices far above the rise in costs, reinforcing a previous but narrower study showing such an impact. Among other things, the researchers called for a global corporation tax to curtail unrestrained profits.

The team analyzed 1,350 companies listed on stock markets in the United Kingdom, United States, Germany, Brazil, and South Africa. It found that profits rose by 30% among firms listed in the U.K., this increase being primarily driven by 11% of them garnering super profits in the post-pandemic world. In the U.S. the profits were even more excessive, but also more broadly based, involving 33% of companies.

Giant energy companies, mining companies, and monopolistic food companies all saw their profits leap ahead of inflation after the February 2022 Russian invasion of Ukraine. Technology companies, telecommunications, and banking also raised their profit margins with big price hikes.

Some examples of companies who boosted profits the most from the pre-pandemic average: ExxonMobil—profits of $18.9 billion rose to $66.6 billion; Shell—$20 billion rose to $55 billion; Archer-Daniels-Midland—$1.77 billion rose to $4 billion; and Kraft Heinz—$333 million rose to $2.3 billion.

Monopolistic market clout drove some of those higher profits. “This has caused significant harm to the economy as a whole,” according to the report. “Global GDP could be 8% higher than it is now had market power not risen.

Clapp and Howard (2023) highlight that only four companies—Archer-Daniels-Midland (ADM), Cargill, Bunge, and Dreyfus—control an estimated 70-90 per cent of the world grain market.

Profits for ADM, Bunge, Cargill and Louis Dreyfus rose 255% in 2021.

New report unsurprisingly shows that profiteers have raised prices well above the rise in costs

A new report from progressive UK.-based think-tanks IPPR and Common Wealth says profiteering played a major role in jacking up prices far above the rise in costs, reinforcing a previous but narrower study showing such an impact. Among other things, the...

www.dailykos.com

The only thing thats inflated are corporate profits. This story will be highlighted in 2024, along with abortion, thanks Texas, and never ending mass shootings.

Another 12 million voters to be added to the rolls next year.

See you then.

YOu never studied Economics yourself, right.
You gloss over 3 problems because of that

1) The hacking away at shareholder rights makes a lot of this possible
2)Most offenders are trans-national and simply shift profits and losses to the best countries
3) at the bottom of the supply chain it is GOVERNMENT that causes the costs that cascade upward, BIDEN with gas, food, electricity, land, etc

BIDEN SOLD OFF NEARLY HALF THE GAS RESERVE AND IS BARELY REPLENISHING EVEN NOW AND THAT AT HUGE PRICE INCREASES

LEarn some Economics

 

[Moonglow]

YOu never studied Economics yourself, right.
You gloss over 3 problems because of that

1) The hacking away at shareholder rights makes a lot of this possible
2)Most offenders are trans-national and simply shift profits and losses to the best countries
3) at the bottom of the supply chain it is GOVERNMENT that causes the costs that cascade upward, BIDEN with gas, food, electricity, land, etc

BIDEN SOLD OFF NEARLY HALF THE GAS RESERVE AND IS BARELY REPLENISHING EVEN NOW AND THAT AT HUGE PRICE INCREASES

LEarn some Economics

Biden sold off half the gas reserves?


That never happened.

 

[Harpy Eagle]

Biden sold off half the gas reserves?


That never happened.

Pretty close to half. Something he never should have done

Weekly U.S. Ending Stocks of Crude Oil in SPR (Thousand Barrels)

 

[C_Clayton_Jones]

A new report from progressive UK.-based think-tanks IPPR and Common Wealth says profiteering played a major role in jacking up prices far above the rise in costs

Conservatives will continue to lie about ‘inflation’ regardless the truth.