Strike??? Thoughts, insights, predictions.

[DuraYuk]

No disagreement, I was referring to both parties contributions in the current & last administration compared to previous years.


Are you saying the profits are the result of inflation, not the cause now?

No I'm saying the lasting effects of inflation are lingering because corporate greed.

The underlying causes of high prices are not there. But the prices are still high. People are paying the high prices and profits are soaring.

If we were not allowing this price gouging to happen things would be a lot better.

 

[Polo08816]

Inflation has slowed recently but its about to ramp back up with rising fuel costs.

Breitbart's Carney: Oil Is Definitely Going to $100 a Barrel, Biden's Administration 'Really Messed Up'

Breitbart economics and finance editor and author John Carney told GB News Wednesday that U.S. oil prices will likely surge to $100 per barrel adding President Joe Biden administration has made several energy policy mistakes. | Clips

www.breitbart.com

Bidenomics Breaking America: U.S. Oil Prices Jump Above $90 a Barrel, Gasoline Climbs Relentlessly Higher

Oil prices jumped on Thursday to a new ten-month high, with U.S. crude rising above $90 a barrel for the first time this year. West Texas Intermediate | Economy

www.breitbart.com

So if the Fed is targeting anything over 0%, you can always expect that energy prices will increase regardless of political party. That's the definition of inflation.

Some headline today might read "Oil is about to be more than $100/barrel." A decade later, some other headline will say "Oil is about to be more than $125/barrel". It's really just noise because it's just inflation.

The Fed Reserve chart is comparing the cost of a barrel of WTI vs. CPI through 3 different administrations. As far as sustained decreases, it's interesting there was a huge drop in 2014 during the Obama administration.

 

[George B]

@DuraYuk
Are you pointing to the profit numbers as in Gross or the profit margins as a percentage? Just curious if the margins are records or not.

 

[DuraYuk]

@DuraYuk
Are you pointing to the profit numbers as in Gross or the profit margins as a percentage? Just curious if the margins are records or not.

Margins and gross.

Corporate profits have contributed disproportionately to inflation. How should policymakers respond?

The inflation spike of 2021 and 2022 has presented real policy challenges. In order to better understand this policy debate, it is imperative to look at prices and how they are being affected. The price of just about everything in the U.S. economy can be broken down into the three main...

www.epi.org

Corporate profits by quarter U.S. 2024 | Statista

Corporate profits in the United States exceeded three trillion dollars for the first time in the second quarter of 2022, but shrank slightly in the next quarter

www.statista.com

Corporate profits are at a 70-year high. Will the Inflation Reduction Act change that?

Even through the choppy waters of recent years, corporate profits have seen a boom.

finance.yahoo.com

 

[Blackcar]

Inflation has slowed recently but its about to ramp back up with rising fuel costs.

Breitbart's Carney: Oil Is Definitely Going to $100 a Barrel, Biden's Administration 'Really Messed Up'

Breitbart economics and finance editor and author John Carney told GB News Wednesday that U.S. oil prices will likely surge to $100 per barrel adding President Joe Biden administration has made several energy policy mistakes. | Clips

www.breitbart.com

Bidenomics Breaking America: U.S. Oil Prices Jump Above $90 a Barrel, Gasoline Climbs Relentlessly Higher

Oil prices jumped on Thursday to a new ten-month high, with U.S. crude rising above $90 a barrel for the first time this year. West Texas Intermediate | Economy

www.breitbart.com

And look who profits from increased oil price.

What Exxon and Chevron Are Doing With Those Big Profits

Economic and military uncertainty clouds the outlook for Exxon, Chevron and other energy companies, whose bonanza from high prices is already fading.

www.nytimes.com

 

[DuraYuk]

Corporations control this country. They make policy and steal from you. But all we care about is who's on your team. It's pathetic.

I'm sure they are all laughing all the way to the bank.

 

[Blackcar]

They (Corporations) are the money behind lobbying effort on our (or their) politicians.

 

[NothEastTahoe]

Corporations control this country. They make policy and steal from you. But all we care about is who's on your team. It's pathetic.

I'm sure they are all laughing all the way to the bank.

Hate your neighbor and prove you are better on facebook! And do it by buying this shining new thing...

 

[Miami-Dade]

Anymore talk of politics this thread will be locked or deleted with members being banned.

 

[Banks22]

Anyway, back to strike talk. UAW says they need a serious offer by noon tomorrow(Friday) or they’re going to shut down more plants. Be interesting if they go after Arlington.