Inflation surges 8.5% in March, hitting a new 40-year high

Discussion in 'Economics & Trade' started by Joe knows, Apr 12, 2022.

  1. Joe knows

    Joe knows Well-Known Member

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    https://www.foxbusiness.com/economy/march-consumer-price-index-inflation

    well… here we are under a spend happy Biden. Closer to WWIII than we ever have been.

    it’s like we’re partying like it’s 1982 with the Russia stuff, inflation, recession looming in the background. The major difference is we don’t have a Reagan to pull us out. Let’s go Brandon
     
  2. (original)late

    (original)late Banned

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    As I pointed out in the other thread, the vast majority of the inflation is from Covid created supply woes, and war.

    Actually, Reagan made the situation worse with all his spending. The Fed had to slam on the brakes even harder. What made the economy recover was business spending. They had deferred spending since the early 70s, and things started dying, forcing them to go out and buy.

    Btw, check your history, we've been a lot closer than this to WW3. The Cold War got gnarly at times.

    This may be just me, but I simply could not stand to be that ignorant and gullible.
     
  3. Joe knows

    Joe knows Well-Known Member

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    The Cold War never resulted in Russia taking land. This is closer to WWIII than any other time in history.


    As for you r inflation claims I won’t argue that COVID had nothing to do with it but why did COVID have anything to do with the supply chain anyway? Was it democrat states that refused to open? Was it a biden administration limiting peoples ability to work with vaccine passport push, was it democrat cities and governors requiring vaccines to do business? All of the above. The only reason COVID had an effect was because of policies during COVID and Biden’s policies are not exempt from that fact.
     
    Last edited: Apr 12, 2022
  4. (original)late

    (original)late Banned

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    Thanks, that was a good laugh. You guys have gotten so used to believing fiction, you'll just make sh*t up without any idea of what you're talking about.

    That also applies to your second paragraph, which was too idiotic to bother with.
     
  5. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Inflation slowed in March on a month-over-month basis, which is why the stock market jumped, and according to the estimates, the worst seems to be over, and year over year inflation rate is expected to go down and be around 3% by the end of the year.

    Good lord, that is so wrong that its not even funny.
     
    Last edited: Apr 12, 2022
  6. Kode

    Kode Well-Known Member

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    Here's the truth about this inflation. A number of CEOs of big corporations have said in shareholder meetings that they are "taking price" (sanitized verbiage for "jacking up prices at will") because they have the opportunity with cover of COVID and the employment situation and concerns about supply chains. Some have said they are raising prices a little at a time repetitively because that approach draws the least notice and anger from the public and that it is boosting profits quite well, ... to the raucous applause of shareholders.

    Here is a video with audio of the CFO Garth Hankinson of Constellation Brands saying "we'll take as much pricing as we think the consumer can absorb". See the portion between timestamps 30:10 and 38:37. The CFO's statement is seen at 32:29.

    Not convinced even with the words of corporate officers? Try explaining why with inflation hitting 10% this week on an annual basis, average corporate profits are up over 12% on an annualized basis. Those poor corporations had no choice but to raise prices in order to survive, eh? If you believe that you'll believe anything, ... even that the election was stolen.
     
    Last edited: Apr 15, 2022
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  7. Kode

    Kode Well-Known Member

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    "Taking as much pricing as we think the consumer can absorb" may sound considerate and compassionate on first pass, but in reality it is saying "we'll raise prices to the point at which we believe we are extracting the maximum from the pockets of consumers to boost our profits".
     
  8. Kode

    Kode Well-Known Member

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    If corporations and their operations and prices are victims of inflation, . . . . if corporations have to raise prices to survive out-of-control costs, . . . . . then why is it that when the inflation rate has been about 8% so far this year, corporate profits are up an average of 12+%???

    https://www.kmaland.com/news/report...cle_c6af4410-bce9-11ec-ac38-4356f7014eb8.html


    (Notice the embedded link to this.... )
    https://groundworkcollaborative.org/wp-content/uploads/2022/03/Corporate-Profiteering-22.03.23-1.pdf
     
  9. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    Businesses will always try to increase prices as much as they can. There is nothing new about that.
    There is competition so they cannot raise prices as high as they want.

    You're trying to blame a vague abstract concept of "corporatism" (those big bad corporations), when we have another area to look for the blame in the price increases.
     
    Last edited: May 25, 2022

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