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.
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.
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.
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.
Obama did a great job rescuing the economy from total collapse. The economic crisis was real. This idea that 2008 was the golden age of American society and Obama ruined it when he came in is laughable to say the least.
The 0 interest rates were justified from 2008-2012. After that period, they should have began ramping those up, which eventually they started to try. Of course, when they continued to ramp up during President Trump's time, he decided to pressure Powell to lower them back down….to the long term detriment of the country.
Wanna blame someone for inflation? Some of it is Janet Yellen but Jerome Powell, the Trump appointee, should bear the brunt of the blame.
Bro, seriously, go take a basic accounting class and come back to me when you understand what a "Profit" is and how they get to that number. You guys tried to dismiss corporate greed as one of the reasons for inflation, I simply asked why are you dismissing it, its a legit point. Its definately a contributing factor….and how you guys don't simply understand the mathematics (or do understand it, but ignore it) is mind boggling.
Well Bob, to keep it simple it started with the stimulus which kicked off the longest period of growth in US history. Conservatives at the time told me you couldn't spend your way out of a recession. He did it.
Trumps best year of job growth in the "awesome" economy that guys gave him was 2.314 million in 2018. Obama beat that in each of his last 3 years. From where Obama started and to where he ended, I think generally could be classified as a success.
Comments
@hhusky still think it was transitory.
Nope the talking point from now to November is corporate greed. And Putin.
What about the Kurds?
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.
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.
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
Answer:
Yes, because here's their fucking record profits
https://www.theguardian.com/business/2024/feb/19/worlds-largest-oil-companies-have-made-281bn-profit-since-invasion-of-ukraine
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.
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.
It's so weird how corporations only figured out this greed thing starting in 2021.
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.
Obama did a great job rescuing the economy from total collapse. The economic crisis was real. This idea that 2008 was the golden age of American society and Obama ruined it when he came in is laughable to say the least.
The 0 interest rates were justified from 2008-2012. After that period, they should have began ramping those up, which eventually they started to try. Of course, when they continued to ramp up during President Trump's time, he decided to pressure Powell to lower them back down….to the long term detriment of the country.
Wanna blame someone for inflation? Some of it is Janet Yellen but Jerome Powell, the Trump appointee, should bear the brunt of the blame.
The cock sucking in here sounds like a Hoover vacuum sucking a sofa.
Bro, seriously, go take a basic accounting class and come back to me when you understand what a "Profit" is and how they get to that number. You guys tried to dismiss corporate greed as one of the reasons for inflation, I simply asked why are you dismissing it, its a legit point. Its definately a contributing factor….and how you guys don't simply understand the mathematics (or do understand it, but ignore it) is mind boggling.
Some real geniuses on this board.
Would love a history lesson into what Obama did to rescue the economy.
Well Bob, to keep it simple it started with the stimulus which kicked off the longest period of growth in US history. Conservatives at the time told me you couldn't spend your way out of a recession. He did it.
Trumps best year of job growth in the "awesome" economy that guys gave him was 2.314 million in 2018. Obama beat that in each of his last 3 years. From where Obama started and to where he ended, I think generally could be classified as a success.
Is your mom in here again or something? She sounds just like what you described.
That didn't address what I said and you're too stupid to understand that
You did point out how Biden has made Putin rich with his Ukraine bullshit
Sit on that grenade boy
Atta boy way to deflect yet again when you can’t answer the first question I gave you. Focus!! (Slaps race upside the head!)
You're too stupid to breathe
Buckies boy