Corporate profits hit all-time highs
Submitted by gjohnsit on Sun, 12/24/2023 - 6:39pmFunny how inflation is always the fault of working people.
Funny how inflation is always the fault of working people.
I'm sick of repeatedly saying it's a trap.
I'm sick of constantly saying that the only meaningful formula of capitalism is unit price minus unit cost times total sales, where total sales is determined by the ability and willingness of the customer base. The lower the price the higher your sales, but this only matters if the higher sales results in higher profits.
Dear Customer,
Republicans have been hammering the Democrats because of the current price inflation in the economy.
So what do the Republicans have in mind for fixing inflation?
is give war a chance.
Stocks were moving higher and looking strong this morning, and then the CPI inflation report came out, and stocks got monkey-hammered.
The markets celebrated last week when energy prices fell, and this allowed the inflation rate to decline slightly.
What most people don't realize is that a large part of that decline in energy prices came from the U.S. federal government and it's about to run out.
The stock market just had its best month is almost two years. Now we all know that the stock market hasn't reflected the real economy for many years, but what's going on now is nothing short of "bad news is good news".
To the surprise of Wall Street, but to the surprise of no one here on C99P, yesterday's inflation report showed price inflation at a 40-year high.
This week the G7 and NATO met trying to plot China and Russia's demise. It is almost comical. Russia's special op in Ukraine continues in a relentless grind. The western economies continue to inflate...when will they pop? The court has been wreaking havoc throwing Roe back to the states and eliminating the power of the EPA to regulate power plant emissions. In the midst of all this it is no wonder COVID has dropped off the radar, but it is still with us...mainly variants BA4 and BA5 which are immune escaped meaning they infect vaxed and previously infected people.