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Started By
Message
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Posted on 8/28/24 at 12:55 pm to Bobby OG Johnson
Loading Twitter/X Embed...
If tweet fails to load, click here.quote:
Cillian
@CilComLFC
·
Aug 16
Milton Friedman said it best:
“Keep your eye on how much the Government is spending, because that is the true tax.
There is no such thing as an unbalanced budget. You PAY FOR IT either in the form of taxes, or indirectly in the form of inflation or debt.”
Posted on 8/28/24 at 12:59 pm to alajones
quote:
Wal Mart
How is Wal-mart a monopoly?
Also Kroger and Albertson's shouldn't be allowed to merge and Kroger isn't making crazy profit margins and can charge what they want for the products they sell
Govt should be going after JBS and the other meat packers along with the pork and chicken oligopolies - most are foreign owned and are crazy corrupt
Posted on 8/28/24 at 1:00 pm to Sao
quote:
Well, yeah. The first stimmy and PPP was under Trump. The subsequents under Biden. Are you in a camp that may envision that chart leveling off or falling had Trump been retained in January 2021?
No
quote:
But that's secondary to my original post which is business in this country used the pandemic to increase profit over and above inflationary true costs to their balance sheets. We all know it.
Are you under the impression that inflation is the only factor these businesses had to deal with?
Posted on 8/28/24 at 1:00 pm to Sao
quote:
I really don't know honestly. By definition, inflation is simply an increase in the money supply as you said. The spike in the supply began 48 months ago. I'd love to calmly discuss the anomalies with you tbh. In a lot of consumer categories, things like supply, worker population, ingredient cost, fuel etc have somewhat normalized. But, as an example, cost per pound hasn't decreased.
Every item is going to have peculiarities to their price model. Demand shifts and challenges that cause some items to fight the overall trend. Those are exceptions.
I don't see how the overall picture is anything beyond money supply. The current administration would love to find someone else to blame, and that is why they are turning on retailers. The funny thing is groceries have always had penny margins. However, everyone sees the price of groceries skyrocketing so they laughably picked the industry with the least margin to publicly blame.
Posted on 8/28/24 at 1:04 pm to RaginCajunz
quote:
That's TOTALLY unrelated. Supply and demand has ceased to be a real thing and my local AG grocery store has gotten on that SKYPE call with Krogers and Albertsons. They decided not to compete on price ever even if it means gobbling up market share.
Money being devalued has nothing to do with increased retail prices?
Posted on 8/28/24 at 1:06 pm to upgrayedd
quote:I figured the country-wide grocery store collusion Skype call might have tipped you off to the saracasm
Money being devalued has nothing to do with increased retail prices?
Posted on 8/28/24 at 1:07 pm to c on z
So Kroger must have lost a lot of business to other grocers in their operating area.
Milk and eggs are very much a commodity and can be purchased anywhere.
Milk and eggs are very much a commodity and can be purchased anywhere.
Posted on 8/28/24 at 1:07 pm to upgrayedd
I would 100% put my trust in Robert Reich's opinions on economic over some Tigerdroppings poster. He was the Secretary of Labor and a professor.
I do not like when people put up a chart about inflation that excludes food, shelter, fuel - these are major expenses.
I do not like when people put up a chart about inflation that excludes food, shelter, fuel - these are major expenses.
Posted on 8/28/24 at 1:08 pm to RaginCajunz
The only thing you are going to get by setting a “max” price is everyone charging the “max” price, and that will be followed up shortly by more mergers bc the little guys can’t survive on your fixed “max” price. You will also eliminate higher prices in rich areas and lower prices in poor areas. Plus who is going to pick the arbitrary date we calculate the price increased higher than inflation? We going back to 1912, 1925, 1960, 1980, pre COVID?????? What’s an acceptable profit margin?
It’s all the dumbest make prices even higher, kill jobs and economic growth bull shite ever.
It’s all the dumbest make prices even higher, kill jobs and economic growth bull shite ever.
Posted on 8/28/24 at 1:10 pm to RaginCajunz
quote:
figured the country-wide grocery store collusion Skype call might have tipped you off to the saracasm
Goddamn it
Posted on 8/28/24 at 1:11 pm to yoga girl
quote:
I would 100% put my trust in Robert Reich's opinions on economic over some Tigerdroppings poster. He was the Secretary of Labor and a professor. I do not like when people put up a chart about inflation that excludes food, shelter, fuel - these are major expens
Oh shite. You’re back.
How was your gap year in Marseille?
Posted on 8/28/24 at 1:13 pm to yoga girl
quote:
I would 100% put my trust in Robert Reich's opinions on economic over some Tigerdroppings poster. He was the Secretary of Labor and a professor.
I do not like when people put up a chart about inflation that excludes food, shelter, fuel - these are major expenses.
Robert Reich is a paid political propagandist and confirmed buffoon.
The only economic principle he understands is depositing his check for saying economically illiterate things publicly.
Posted on 8/28/24 at 1:18 pm to RaginCajunz
quote:
Robert Reich is a paid political propagandist and confirmed buffoon.
Your argument is specious. So, I'm not going to dignify your comment with any response.
You need to read his bio on wikipeidia.
Posted on 8/28/24 at 1:21 pm to yoga girl
quote:
I would 100% put my trust in Robert Reich's opinions on economic over some Tigerdroppings poster.
My dog knows more about economics than Robert Reich. Dude is right up there with Paul Krugman for shitty takes.
Posted on 8/28/24 at 1:22 pm to yoga girl
quote:
yoga girl
Are you the female El Gaucho?
Posted on 8/28/24 at 1:38 pm to roadGator
quote:
"Kroger gross profit for the twelve months ending April 30, 2024 was $33.424B, a 3.75% increase year-over-year.
Kroger annual gross profit for 2024 was $33.364B, a 4.99% increase from 2023.
Kroger annual gross profit for 2023 was $31.778B, a 4.71% increase from 2022."
https://www.macrotrends.net/stocks/charts/KR/kroger/gross-profit
Seems from a quick search that they do decently on that supposed tiny profit margin. . .
Shockingly, it also doesn't seem that inflation is really having the same effect on them that it is on grocery shoppers.
This post was edited on 8/28/24 at 2:11 pm
Posted on 8/28/24 at 1:43 pm to yoga girl
quote:
I would 100% put my trust in Robert Reich's opinions on economic
What kind of a fricking idiot are you to make this statement?
quote:
yoga girl
Nevermind.
Posted on 8/28/24 at 1:45 pm to Centinel
Your ad hominy attacks prove my point.
Posted on 8/28/24 at 1:46 pm to yoga girl
quote:
Your ad hominy attacks prove my point.
Idiot.
This post was edited on 8/28/24 at 1:47 pm
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