From 2018 thru 2022 APPL made over $350 Billion while MSFT made almost $250 Billion and XOM made under $100 Billion. Through 3Q, 2023 profits were $74 Billion for APPL, $55 Billion for MSFT and $28 Billion.
you are muddling the numbers. the first set are over 5 years. the last set are over 9 months. if you divide the first set by 5 you get averages of $70b (apple), $50b (Microsoft), and $20b (Exxon).
If you then compare the 9 month (3 quarter) figures it becomes obvious they have made more money in 9 months this past year than average years before that. this then suggests companies are, to be charitable, benefitting by 33% from inflation which is much higher than the actual inflation rise.
as with the GOP attacking obama for what private insurers want to charge, this is the GOP attacking biden for what the grocery store or gas station or computer company charges. biden is not sending you that bill. but the "awww shucks" populist GOP trying to pretend to be friends of the little guy aren't going to say that their corporate buddies are perhaps piling on or stockpiling cash out of economic concern. their answer will be biden.
neglected in this analysis is how trump's abysmal covid policies helped lead to the supply chain problems that started this. neglected is that supply chain was over years ago when the vaccines started shoving covid aside. are you folks not bright enough to ask why prices are still high? it's not because joe wants them high. there is no plot against you. ask the darned basic economic questions.
biden's problem is he wants to low-key, low-energy everything so he hasn't really messaged the counter-narrative of what has happened and what he's done about it. which has brought the inflation rate significantly down. nor has he gone after corporate america for milking this.
you misunderstood the point of my post. People like to say the oil companies are gouging, and sometimes gas prices do go up....and come back down. APPL and MSFT just charge what they want to charge all the time, consistently make bigger profits than XOMs peak profits (and if you look at the details have bigger margins too). So who is gouging? Recall back in 2020 when sales of computers went up due to the need to telecommute? The tech companies made a bundle, did not budge on prices, and noone said a word.
I finish my run. I go to Walmart to get some grub. There’s a beautiful display of Krispy Kreme doughnuts. Yummy. But no prices. I know they’re pricey, so I snag a dinky box of six. I’m thinking it’s maybe five, six bucks, tops. Afterall, it’s Walmart. I go to the checkout. It’s $12.88. I nearly soiled my pants. Welcome to the new reality.
No because I'm not a cult member and know that inflation is under control. Prices are high because rich people want to profit off of you morons
I finish my run. I go to Walmart to get some grub. There’s a beautiful display of Krispy Kreme doughnuts. Yummy. But no prices. I know they’re pricey, so I snag a dinky box of six. I’m thinking it’s maybe five, six bucks, tops. Afterall, it’s Walmart. I go to the checkout. It’s $12.88. I nearly soiled my pants. Welcome to the new reality.
No because I'm not a cult member and know that inflation is under control. Prices are high because rich people want to profit off of you morons
“Inflation is under control” makes no sense. Inflation doesn’t exist except to devalue currency so that governments can continue to fund social programs for losers and to fund wars. Printing out billions of dollars to fund foreign wars no one wants causes massive amounts of inflation. Plus you’d have to be a moron to think that the inflation numbers they give out are in line with true increase in the cost of living. The idea of never ending growth as an economic theory is utter nonsense Keynesian economists pushed so the uneducated masses could continue to lose out to the controlling class.
From 2018 thru 2022 APPL made over $350 Billion while MSFT made almost $250 Billion and XOM made under $100 Billion. Through 3Q, 2023 profits were $74 Billion for APPL, $55 Billion for MSFT and $28 Billion.
you are muddling the numbers. the first set are over 5 years. the last set are over 9 months. if you divide the first set by 5 you get averages of $70b (apple), $50b (Microsoft), and $20b (Exxon).
If you then compare the 9 month (3 quarter) figures it becomes obvious they have made more money in 9 months this past year than average years before that. this then suggests companies are, to be charitable, benefitting by 33% from inflation which is much higher than the actual inflation rise.
as with the GOP attacking obama for what private insurers want to charge, this is the GOP attacking biden for what the grocery store or gas station or computer company charges. biden is not sending you that bill. but the "awww shucks" populist GOP trying to pretend to be friends of the little guy aren't going to say that their corporate buddies are perhaps piling on or stockpiling cash out of economic concern. their answer will be biden.
neglected in this analysis is how trump's abysmal covid policies helped lead to the supply chain problems that started this. neglected is that supply chain was over years ago when the vaccines started shoving covid aside. are you folks not bright enough to ask why prices are still high? it's not because joe wants them high. there is no plot against you. ask the darned basic economic questions.
biden's problem is he wants to low-key, low-energy everything so he hasn't really messaged the counter-narrative of what has happened and what he's done about it. which has brought the inflation rate significantly down. nor has he gone after corporate america for milking this.
Re "trump's abysmal covid policies": Don't forget his general abysmal economic policies like the tax cuts for the rich that skyrocketed the deficit with no bump in economic output to show for it (which of course he lied about and people believed him), or his tariffs on imports from China that skyrocketed the trade deficit, because he knew he could say "China is actually paying for these tariffs, not the American companies they're literally charged to, believe me", and people STILL believe him.
I finish my run. I go to Walmart to get some grub. There’s a beautiful display of Krispy Kreme doughnuts. Yummy. But no prices. I know they’re pricey, so I snag a dinky box of six. I’m thinking it’s maybe five, six bucks, tops. Afterall, it’s Walmart. I go to the checkout. It’s $12.88. I nearly soiled my pants. Welcome to the new reality.
All I know is the the economy is way better now then when Dishonest Donny was in charge. My profession, all the firms were down sizing and projects were sparse. I was unemployed and now one was hiring. Now, I have a higher paying job and projects seem to be in abundance. All those firms are now having hiring ads all over the place and I'm constantly contacted by head hunters. The jobs market is at an all time high for workers and pay is on the rise. All good signs of a good economy.
The Republicans and Dishonest Donny only tell LIES!!! It amazes me that anyone with a sound mind believes anything they say.
I guess "you can fool some of the people some of the time. But you CAN fool Republican voters all the time"
interesting that the price didn't stop you from buying.
In the world of supply and demand if you want the price to go down, don't buy....this creates more supply (if others follows you) and guess what? the price goes down,
but since you grab the items without even looking at the price (I guess - since you were only made aware at the checkout) you buy it regardless of the price. and the price remains.
how high of a price would it take for you to have not continued with the purchase?
cause you just paid more than $2 per dog nut.
Would $19.99 been your breaking point?
Would $29.99 been your breaking point?
by the way - the answer to your question "do I feel inflation is" yes, mostly in my pants.
Did you actually buy the Krispy Kremes? They will charge as much as people are willing to pay.
Yeah. Despite the missing price tags, I took the bait. I was too embarrassed to backout once the cute clerk rang up the sale. I should have known better.
Cute checkout clerk prolly thought you were some kind of big shot buying those KKs
I retired in 2022, so I notice inflation, but what I really feel are the ups and downs of the stock market, bond yields, and cost of living increases in my pension and future social security benefits.
The S&P up 25% this year was the game-changer for me, but the COLAs, too, far outpaced my cost of living. Even short term bond yields paid comparatively well, with zero risk.
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