How are those 401ks?
Comments
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@hhusky still think it was transitory.
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Nope the talking point from now to November is corporate greed. And Putin.
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What about the Kurds?
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No one said inflation will ever drop. I said the exact opposite. If you guys are cheering for deflation, i'm sorry but you don't know how the world works and you might be as dumb as EverettChris.
Furthermore, as i've pointed out NUMEROUS times, the FED should have been on this and raising rates after the financial crisis was over, but again, Trump pressured his appointee, Jerome Powell, to not do his job and to drop interest rates when the economy was already running hot. Notice now, he's begging Powell to not drop these rates on someone else's watch. lol.
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Im just curious, why wouldn't record profits be a cause of inflation? The key word here is "Profit" That means, they aren't just covering their inflated costs, they're upping their prices for the heck of it.
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Lol
Google it
If I make 3 percent a gallon and the cost of a gallon goes from 1 to 2 does my profit go up?
Are you like 13 years old? This is why they tell these lies. Morons like buck
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Answer:
Yes, because here's their fucking record profits
But this coming from the guy who said Trump wanted things open by Easter in 2020 and disputed quotes from 4/2020 Trump so I'm not surprised you're trying to push right wing rhetoric.
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Obama had the best Fed treatment of all time. 0% for eight years. His economy was so shitty that it didn't even cause inflation.
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It's so weird how corporations only figured out this greed thing starting in 2021.
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Buck doesn't really understand supply and demand and a market clearing price. So Exxon Mobil had a gross profit margin of 31% on its latest 10-K filing. This other company, let's call it Nvidia had a gross profit margin of 72% on its latest 10-K filing. So Buck because he doesn't own any Exxon Mobil objects to the fucking record profits. But, since Buck has generational wealth invested in Nvidia he is entitled to brag about his investing prowess. One thing Buck doesn't want Exxon Mobil to do is invest in expanded US oil and natural gas production resulting in increased supply and lower prices.
