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Inflation driven by profits?

Ozzie_Isaac
Ozzie_Isaac Posts: 20,476
in Off Topic
https://youtu.be/30_H33mS76Y


Maybe your purpose in life is only to serve as an example for others? - LPL


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Comments

  • JohnInCarolina
    JohnInCarolina Posts: 32,477
    Katie Porter is a national treasure.

    I think what's accurate at the moment is that several sectors are experiencing record profits.  They don't see any need to lower costs because the market is bearing higher costs.  This, in turn, is keeping costs high and inflation up. 

    But take my view with a grain of salt, because I have never been in sales...
    "I've made a note never to piss you two off." - Stike
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  • HeavyG
    HeavyG Posts: 10,380


    image

    “Reality is that which, when you stop believing in it, doesn't go away.” ― Philip K. Diçk




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  • HeavyG
    HeavyG Posts: 10,380

    Corporate greed? Quelle surprise.



    “Reality is that which, when you stop believing in it, doesn't go away.” ― Philip K. Diçk




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  • Legume
    Legume Posts: 15,170
    I’ll give him partial credit. What he doesn’t account for is any increase in cost from barrel to pump - like labor, transport, etc. over the past 12 years.
    Love you bro!
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  • fishlessman
    fishlessman Posts: 33,384
    its the global economy......hard left turn........its corporate profits =)
    fukahwee maine

    you can lead a fish to water but you can not make him drink it
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  • Legume
    Legume Posts: 15,170
    fishlessman said:
    its the global economy......hard left turn........its corporate profits =)
    It’s never just corp profits, but they are masters of piggybacking extra markup when they can use global cost increases as cover.  This isn’t new, and you know this, but you got your soundbite in.  Are you running for office somewhere?  I’d be happy to fill out as many absentee ballots as you need!
    Love you bro!
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  • HeavyG
    HeavyG Posts: 10,380
    Legume said:
    I’ll give him partial credit. What he doesn’t account for is any increase in cost from barrel to pump - like labor, transport, etc. over the past 12 years.

    Fair point.
    If one just applies the inflation adjustment to the 2010 price he uses - $2.85/gal - and adjust that using the feds CPI Inflation Calculator to 2022 dollars a gallon works out to $3.90 so why are people kvetching?? :)
    I have no idea what a gallon of gas should cost. However, when Exxon posts record high corporate profits as they have all year it seems that an argument can be fairly made that...

    Too Damn High Meme Template - Piata Farms - The best meme

    Or not. ¯\_(ツ)_/¯


    “Reality is that which, when you stop believing in it, doesn't go away.” ― Philip K. Diçk




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  • JohnInCarolina
    JohnInCarolina Posts: 32,477
    fishlessman said:
    its the global economy......hard left turn........its corporate profits =)
    If you watch the video carefully and look at her charts, she’s not arguing that this is the only factor.  

    "I've made a note never to piss you two off." - Stike
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  • Legume
    Legume Posts: 15,170
    I remember when an an egg and a piece of toast was $0.30
    Love you bro!
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  • lousubcap
    lousubcap Posts: 33,850
    From the gas prices thread:

    Louisville; Rolling smoke in the neighbourhood. # 38 for the win.  Life is too short for light/lite beer!  Seems I'm livin in a transitional period.
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  • fishlessman
    fishlessman Posts: 33,384
    JohnInCarolina said:
    fishlessman said:
    its the global economy......hard left turn........its corporate profits =)
    If you watch the video carefully and look at her charts, she’s not arguing that this is the only factor.  


    yes, i know. but its easier to push corporate profits over global economy. big business is evil.....
    fukahwee maine

    you can lead a fish to water but you can not make him drink it
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  • Legume
    Legume Posts: 15,170
    You should totally run for office.

    And probably stop complaining about the cost of steel  =)
    Love you bro!
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  • JohnInCarolina
    JohnInCarolina Posts: 32,477
    Fishlessman for town dog-catcher!




    What… that’s not an office?
    "I've made a note never to piss you two off." - Stike
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  • fishlessman
    fishlessman Posts: 33,384
    JohnInCarolina said:
    Fishlessman for town dog-catcher!




    What… that’s not an office?

    i was going to go with God's mouthpiece, but that jobs already taken.....
    fukahwee maine

    you can lead a fish to water but you can not make him drink it
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  • fishlessman
    fishlessman Posts: 33,384
    HeavyG said:


    image


    seems due to settling my morning greek yogurt cup is now only half filled as well. it does substantially lower the calories in a cup so i guess thats a plus....
    fukahwee maine

    you can lead a fish to water but you can not make him drink it
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  • Gulfcoastguy
    Gulfcoastguy Posts: 6,702
    fishlessman said:
    HeavyG said:


    image


    seems due to settling my morning greek yogurt cup is now only half filled as well. it does substantially lower the calories in a cup so i guess thats a plus....
    I noticed that last night. Dang few cherries in the Black Cherry Chobani also.
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  • fishlessman
    fishlessman Posts: 33,384
    Gulfcoastguy said:
    fishlessman said:
    HeavyG said:


    image


    seems due to settling my morning greek yogurt cup is now only half filled as well. it does substantially lower the calories in a cup so i guess thats a plus....
    I noticed that last night. Dang few cherries in the Black Cherry Chobani also.

    thats what i buy, chobani.  yes the ounces are listed on the cup packaged in the cardboard sleeve, but it sure does look like false marketing
    fukahwee maine

    you can lead a fish to water but you can not make him drink it
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  • Ozzie_Isaac
    Ozzie_Isaac Posts: 20,476
    edited October 2022
    fishlessman said:
    JohnInCarolina said:
    Fishlessman for town dog-catcher!




    What… that’s not an office?

    i was going to go with God's mouthpiece, but that jobs already taken.....
    As leader of a cabal, I approve this message.

    Maybe your purpose in life is only to serve as an example for others? - LPL


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  • JohnInCarolina
    JohnInCarolina Posts: 32,477
    fishlessman said:
    JohnInCarolina said:
    Fishlessman for town dog-catcher!




    What… that’s not an office?

    i was going to go with God's mouthpiece, but that jobs already taken.....
    Well and it’s not an elected office.  It’s handed out by the powers that be… on the basis of merit  =)
    "I've made a note never to piss you two off." - Stike
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  • Ozzie_Isaac
    Ozzie_Isaac Posts: 20,476
    JohnInCarolina said:
    fishlessman said:
    JohnInCarolina said:
    Fishlessman for town dog-catcher!




    What… that’s not an office?

    i was going to go with God's mouthpiece, but that jobs already taken.....
    Well and it’s not an elected office.  It’s handed out by the powers that be… on the basis of merit  =)
    It is tenured too.

    Maybe your purpose in life is only to serve as an example for others? - LPL


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  • nolaegghead
    nolaegghead Posts: 42,109
    JohnInCarolina said:
    fishlessman said:
    JohnInCarolina said:
    Fishlessman for town dog-catcher!




    What… that’s not an office?

    i was going to go with God's mouthpiece, but that jobs already taken.....
    Well and it’s not an elected office.  It’s handed out by the powers that be… on the basis of merit  =)
    De facto
    ______________________________________________
    I love lamp..
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  • Botch
    Botch Posts: 16,196
    Legume said:
    I remember when an an egg and a piece of toast was $0.30
    Me too, when gas was $0.85/gal and I made $2.45/hr.  
    ___________

    "When small men begin to cast big shadows, it means that the sun is about to set."

    - Lin Yutang


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