Found The Cause Of The Inflation. There Is None

[skews13]

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.

 

[shockedcanadian]

Come on maaaaan...

 

[Oddball]

Paid agitprop spam form Daily Kooks, turning the gaslight up to 11.

 

[Oddball]

Come on maaaaan...

The clickbait spam must get through, no matter how ludicrous.

 

[Woodznutz]

Raising prices is just the precursor to inflation.
People paying those increased prices is actual inflation.
Therefore, the consumer has substantial power over inflation.
Sadly, the consumer doesn't exercise this power collectively.
Such increases in prices should trigger a general boycott of those products.
The door of "whatever the market will bear" swings both ways.

 

[Synthaholic]

I have been proving this thread OP correct since February, 2022 in my Award-winning USMB thread It's not Inflation, it's Corporate Greed

 

[MarathonMike]

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.

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

 

[toobfreak]

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.

And what has Joe Bedpan done about any of it? ZILCH.

 

[toobfreak]

I have been proving this thread OP correct since February, 2022 in my Award-winning USMB thread It's not Inflation, it's Corporate Greed

Proof once again that you know nothing about business. Companies are raising prices as a hedge against market insecurity. The whole Covid-19 farce threw such a monkey wrench into most markets and industries that companies have raised prices to improve their chances of surviving and weathering through the next "shut down" the government mandates.

And govmint is already warning of another possible one just next year.

 

[Oddball]

 

[OhPleaseJustQuit]

.

Hell yes! I just got my brokerage statement, and our "dear leader" -- cough, cough, ahem -- has put back $10K of the $70K he's taken out of my account since the beginning of his "administration".

How generous of him.




.

 

[Woodznutz]

And what has Joe Bedpan done about any of it? ZILCH.

"Joe Bedpan". I like it!

 

[Dekster]

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.

Oh well. Many of these were also companies that suffered significant revenue declines during COVID. Playa's gonna play

 

[Oddball]

And what has Joe Bedpan done about any of it? ZILCH.

Dropped napalm on the dumpster fire.

 

[okfine]

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.

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.

 

[Synthaholic]

Proof once again that you know nothing about business. Companies are raising prices as a hedge against market insecurity.

So it's not inflation, it's corporate price hiking.

Thank you so much for confirming that I am correct. And that you're a dumbass.

 

[toobfreak]

Dropped napalm on the dumpster fire.

That isn't napalm, that is one of Joe's spent adult diapers. I hear they can be highly combustible once the shit gets a chance to air out and dry out a little bit.

 

[Votto]

Come on maaaaan...

It's true. There is no cause of inflation, just like there is no God that was the cause of the universe.

It's all like magic!!

 

[okfine]

Proof once again that you know nothing about business. Companies are raising prices as a hedge against market insecurity. The whole Covid-19 farce threw such a monkey wrench into most markets and industries that companies have raised prices to improve their chances of surviving and weathering through the next "shut down" the government mandates.

And govmint is already warning of another possible one just next year.

^^^Pre-Bitching Statement^^^

 

[Toddsterpatriot]

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.

Commies are funny.