Mr. Rose’s assessment is reasonable however a little like it was written to be the first lecture to a freshmen class. The realities are that inflation is much higher than 3%. Just ask my wife while shopping for basic household items. Additionally, Kamala is playing the Evita card by making a boogie man of corporations that are in truth struggling with diminishing profit margins.
Moreover, she is partly responsible for this importation of Haitian and Latin-American migrants being forced to work for corporations like Tyson foods in order to cut labor costs. Harris is one psychopathic bitch.
But a competent professional economist of integrity cannot possibly believe the Harris Greed Theory of Inflation.
you cannot convince me that Harris actually believes that herself........but that is Her Script.....she must follow that Script to remain in the Circle of Evil Politicians that now have Control of the World and they will do Bad Things to people that try to get in their way.........Perfect Example......Scott Ritter.....Example........Trump.......my wild guess is ....they are not finished with Trump yet.....
I certainly don’t believe in the ‘greed’ theory of inflation. I will note, however, that contrary to the prior post by Rick, corporations are not ‘in truth’ struggling with diminishing profit margins. In real truth, in many sectors, corporations profit margins are soaring, hitting record levels.
Having worked as a corporate lawyer for 25 years, at a firm near the top of the Fortune 500 list, I can say this with certainty. When corporations have pricing power, they use it. Period.
And if inflation is running hot, pricing power is a given, nearly 100% of the time.
You can draw your own conclusions.
Just two examples are provided below, although there were dozens of choices, including the FEDS own Q3 analysis.
I’d also point you back in history to the Obamacare era as an example. Insurance firms used the cover of Obamacare to do what they had been wanting to do for years, maybe decades, to wit, dramatically raise the price of medical insurance. And in the years subsequent to Obamacare coming on line, prices skyrocketed and so did corporate profits.
While it’s not 100% on point vis a vis inflation, the key point is that corporations will use whatever is at their disposal that provides them cover to raise prices. If you think otherwise, some therapy sessions might be in order.
Nailed it. Greed isn’t a driver it’s just the psychological result of a system that maximizes profit against all other concerns. Corporations raise prices because they can and because it delivers more value to shareholders which is explicitly what the corporation is obliged to do.
Agreeing with Rick's comment I continue to find it baffling that anyone uses fedgov "statistics" regarding anything whatever, much less "inflation". If we're going to discuss increases in general price levels of consumer good at least use John Williams' "Shadowstats" site to provide some reasonably accurate general measurements. To utilize the fedgov figures just assists the sociopaths in maintaining the "Big Lies" that they are shilling to try and control every aspect of our lives.
Inflation will be back in 18 months. Whoever wins will want to make their statement with a huge spending bill - trillions of dollars will be printed and how the government spends money - it will be basically given away. This will send us into phase two of the repeat of the 1970's inflation trend.
Harris will win the election - our society is too dumb and will just listen to the MSM OR they will fix the results. She has zero plans to fix anything (I personally do not think she actually wants to fix anything). We will be on the path to a society that will be 80%+ of the population will be dependent on the government for basic living (housing / food) = socialism.
They will all live like kings and queens while they use the MSM to pump their propaganda as they blame corporate America for all your problems. As they make everyone dependent on the government to stay live a substandard life style.
And what about the audio transcripts of the CEO of P&G stating that this inflationary period is a great time to raise prices. That they envision a tube of toothpaste that will cost $10? Or the Egg growers association that got busted by the FTC for price fixing and agreeing to artificially restrict supplies to drive prices up during the pandemic? Or the grocery chains that were busted by the FTC jacking up the cost of food by 30 to 50%? And to use government numbers, and believe them, is glib. The government never tells the truth, and certainly never about inflation. One thing that has been proven time and time again is that we have a criminal government that lies and distorts information to control the narrative and control the population. Just make a list of all the criminal events that have emanated from our government. Iraq 1, Iraq 2, Afghanistan, BCCI, S&L scandal, Benghazi, Syria, the MOVE organization, operation CHAOS, the list goes on and on.....but they are telling the truth about inflation. That makes sense.
Mr. Rose’s assessment is reasonable however a little like it was written to be the first lecture to a freshmen class. The realities are that inflation is much higher than 3%. Just ask my wife while shopping for basic household items. Additionally, Kamala is playing the Evita card by making a boogie man of corporations that are in truth struggling with diminishing profit margins.
Moreover, she is partly responsible for this importation of Haitian and Latin-American migrants being forced to work for corporations like Tyson foods in order to cut labor costs. Harris is one psychopathic bitch.
But a competent professional economist of integrity cannot possibly believe the Harris Greed Theory of Inflation.
you cannot convince me that Harris actually believes that herself........but that is Her Script.....she must follow that Script to remain in the Circle of Evil Politicians that now have Control of the World and they will do Bad Things to people that try to get in their way.........Perfect Example......Scott Ritter.....Example........Trump.......my wild guess is ....they are not finished with Trump yet.....
I certainly don’t believe in the ‘greed’ theory of inflation. I will note, however, that contrary to the prior post by Rick, corporations are not ‘in truth’ struggling with diminishing profit margins. In real truth, in many sectors, corporations profit margins are soaring, hitting record levels.
Having worked as a corporate lawyer for 25 years, at a firm near the top of the Fortune 500 list, I can say this with certainty. When corporations have pricing power, they use it. Period.
And if inflation is running hot, pricing power is a given, nearly 100% of the time.
You can draw your own conclusions.
Just two examples are provided below, although there were dozens of choices, including the FEDS own Q3 analysis.
I’d also point you back in history to the Obamacare era as an example. Insurance firms used the cover of Obamacare to do what they had been wanting to do for years, maybe decades, to wit, dramatically raise the price of medical insurance. And in the years subsequent to Obamacare coming on line, prices skyrocketed and so did corporate profits.
While it’s not 100% on point vis a vis inflation, the key point is that corporations will use whatever is at their disposal that provides them cover to raise prices. If you think otherwise, some therapy sessions might be in order.
https://thehill.com/business/4561631-corporate-hit-record-high-as-economy-boomed-in-fourth-quarter-of-2023/amp/
https://www.epi.org/blog/profits-and-price-inflation-are-indeed-linked/
Nailed it. Greed isn’t a driver it’s just the psychological result of a system that maximizes profit against all other concerns. Corporations raise prices because they can and because it delivers more value to shareholders which is explicitly what the corporation is obliged to do.
Agreeing with Rick's comment I continue to find it baffling that anyone uses fedgov "statistics" regarding anything whatever, much less "inflation". If we're going to discuss increases in general price levels of consumer good at least use John Williams' "Shadowstats" site to provide some reasonably accurate general measurements. To utilize the fedgov figures just assists the sociopaths in maintaining the "Big Lies" that they are shilling to try and control every aspect of our lives.
Inflation will be back in 18 months. Whoever wins will want to make their statement with a huge spending bill - trillions of dollars will be printed and how the government spends money - it will be basically given away. This will send us into phase two of the repeat of the 1970's inflation trend.
Harris will win the election - our society is too dumb and will just listen to the MSM OR they will fix the results. She has zero plans to fix anything (I personally do not think she actually wants to fix anything). We will be on the path to a society that will be 80%+ of the population will be dependent on the government for basic living (housing / food) = socialism.
They will all live like kings and queens while they use the MSM to pump their propaganda as they blame corporate America for all your problems. As they make everyone dependent on the government to stay live a substandard life style.
"...if [Harris] doesn’t believe what she is saying, then this might go down as one of the most cynical acts of political dishonesty of all time."
Actually, that would be VP Cackle’s concern over illegal immigration while having a photo opp at the southern border.
And what about the audio transcripts of the CEO of P&G stating that this inflationary period is a great time to raise prices. That they envision a tube of toothpaste that will cost $10? Or the Egg growers association that got busted by the FTC for price fixing and agreeing to artificially restrict supplies to drive prices up during the pandemic? Or the grocery chains that were busted by the FTC jacking up the cost of food by 30 to 50%? And to use government numbers, and believe them, is glib. The government never tells the truth, and certainly never about inflation. One thing that has been proven time and time again is that we have a criminal government that lies and distorts information to control the narrative and control the population. Just make a list of all the criminal events that have emanated from our government. Iraq 1, Iraq 2, Afghanistan, BCCI, S&L scandal, Benghazi, Syria, the MOVE organization, operation CHAOS, the list goes on and on.....but they are telling the truth about inflation. That makes sense.
Have you seen the price of paper goods? They're up way north of 100% since the plandemic.
https://youtu.be/TlA3yAg2v30?t=2
how come nobody is mentioning or even commenting on the Peace Rally that happened on Sept 28
everyone today has a iPhone with them every were they go today
so hence my Believe is that the Government hacks were on Guard at that Peace Rally to make sure that IT DID NOT go VIRAL.......that is my Wild Guess