What's new
US Message Board 🦅 Political Discussion Forum

Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Profit not inflation

pknopp

Diamond Member
Joined
Jul 22, 2019
Messages
39,250
Reaction score
12,503
Points
1,510
I wasn't sure about putting this in the political section but it does all come back to this. For over 12 years we have had economic policies that piled trillions of dollars into the markets. Now with talk of pulling back on that, the record increases are addictive and must be supported it would seem.

This article (not from a highly biased site) is noting that much of the increase in prices is simply business chasing yearly record profits.

Fattest Profits Since 1950 Debunk Inflation Story Spun by CEOs
 

progressive hunter

Diamond Member
Joined
Dec 11, 2018
Messages
36,013
Reaction score
19,486
Points
1,915
I wasn't sure about putting this in the political section but it does all come back to this. For over 12 years we have had economic policies that piled trillions of dollars into the markets. Now with talk of pulling back on that, the record increases are addictive and must be supported it would seem.

This article (not from a highly biased site) is noting that much of the increase in prices is simply business chasing yearly record profits.

Fattest Profits Since 1950 Debunk Inflation Story Spun by CEOs
not sure if you know this but a company needs to have profits to maintain the business and pay their employees,,
 
OP
pknopp

pknopp

Diamond Member
Joined
Jul 22, 2019
Messages
39,250
Reaction score
12,503
Points
1,510
not sure if you know this but a company needs to have profits to maintain the business and pay their employees,,

They absolutely do BUT Wall Street has made it so that they must show yearly record profits or Wall Street hammers them. It's not good enough to once again make $10 billion in profit, you have to make $12 billion.
 

progressive hunter

Diamond Member
Joined
Dec 11, 2018
Messages
36,013
Reaction score
19,486
Points
1,915
They absolutely do BUT Wall Street has made it so that they must show yearly record profits or Wall Street hammers them. It's not good enough to once again make $10 billion in profit, you have to make $12 billion.
first off this last yr shouldnt be used for a metric due to government/covid effect where it was intentional redistribution of wealth from the poor to the rich,,
2nd is if you dont like the company dont buy from them,,
 

Darkwind

Diamond Member
Joined
Jun 18, 2009
Messages
30,072
Reaction score
12,499
Points
1,600
They absolutely do BUT Wall Street has made it so that they must show yearly record profits or Wall Street hammers them. It's not good enough to once again make $10 billion in profit, you have to make $12 billion.
Two things.

1. Yahoo absolutely IS a highly biased site.

2. Wall Street is using the same metric they have always used. Companies forecast their expected earnings and then Wall Street rewards or punish them based upon meeting that expectation.
 
OP
pknopp

pknopp

Diamond Member
Joined
Jul 22, 2019
Messages
39,250
Reaction score
12,503
Points
1,510
Two things.

1. Yahoo absolutely IS a highly biased site.

If you had bothered to read the article you would have understood it was a Bloomberg article.

2. Wall Street is using the same metric they have always used. Companies forecast their expected earnings and then Wall Street rewards or punish them based upon meeting that expectation.

The expectations is record profits regardless.
 

Darkwind

Diamond Member
Joined
Jun 18, 2009
Messages
30,072
Reaction score
12,499
Points
1,600
If you had bothered to read the article you would have understood it was a Bloomberg article.



The expectations is record profits regardless.
The expectations are forecasted based on internal estimations of earnings by the company.

yahoo.com and all its variants ARE absolutely highly biased. The fact they link a Bloomberg article (not an unbiased company or website) doesn't change that. In fact, their linking of such an article must meet their agenda in some way.

Care to take a guess at how that article helps them with their agenda? You've been stating it all along.
 

Crepitus

Diamond Member
Joined
Mar 28, 2018
Messages
57,605
Reaction score
19,401
Points
2,260
not sure if you know this but a company needs to have profits to maintain the business and pay their employees,,
There is a difference between profits and profiteering.
 

bripat9643

Diamond Member
Joined
Apr 1, 2011
Messages
149,299
Reaction score
35,617
Points
2,180
I wasn't sure about putting this in the political section but it does all come back to this. For over 12 years we have had economic policies that piled trillions of dollars into the markets. Now with talk of pulling back on that, the record increases are addictive and must be supported it would seem.

This article (not from a highly biased site) is noting that much of the increase in prices is simply business chasing yearly record profits.

Fattest Profits Since 1950 Debunk Inflation Story Spun by CEOs
Anyone who believes that profits cause inflation is an ignorant communist.

Government cause inflation by creating money. That's the only way to create inflation.
 
OP
pknopp

pknopp

Diamond Member
Joined
Jul 22, 2019
Messages
39,250
Reaction score
12,503
Points
1,510
Anyone who believes that profits cause inflation is an ignorant communist.

Government cause inflation by creating money. That's the only way to create inflation.

Creating money is a big driver. I've condemned that for years and years and I get called out for that also. But we have all this "created" money floating around which is what allows a business to raise and raise and raise prices.

If you want to argue it all starts with "creating" money, I won't disagree and I have argued forever to stop it.
 

bripat9643

Diamond Member
Joined
Apr 1, 2011
Messages
149,299
Reaction score
35,617
Points
2,180
Creating money is a big driver. I've condemned that for years and years and I get called out for that also. But we have all this "created" money floating around which is what allows a business to raise and raise and raise prices.

If you want to argue it all starts with "creating" money, I won't disagree and I have argued forever to stop it.
It's the only driver. up until the creation of the Federal Reserve we had no inflation. Since the creation of the Federal Reserve, with the authority to create fiat money, the dollar has depreciated by 96%.

The cause of inflation is obvious.
 

bripat9643

Diamond Member
Joined
Apr 1, 2011
Messages
149,299
Reaction score
35,617
Points
2,180
Is that the only way to create inflation?

Right wing media really does make people dumb.
Yes, that's the only way. Only commies and dumbasses deny it.
 

USMB Server Goals

Total amount
$120.00
Goal
$350.00

Most reactions - Past 7 days

Forum List

Top