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Originally Posted by bcredliner
Many US companies are showing improvements in profit margins. It very unlikely it is because of cost reductions. Most likely it is because of increasing prices more than the inflation of their cost of goods.
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Yes, because they can. That's capitalism.
Quote:
Originally Posted by bcredliner
I think the way Covid was collectively handled around the world is the culprit. That doesn't mean it should have been handled differently anywhere.
Because of the how long the inflation equation takes to reach the general public it takes a considerable amount of time to ease. it is never a quick fix. I don't think anybody knows for sure, regardless of their expertise, how much of the 'blame' should go to Trump or Biden. It takes a long time for all pieces to fall in place to be where we are.
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Hindsight is always 20/20, but yes, it's obvious covid was handled incorrectly, and not just here. Especially after vaccines were released. But as you said, that's only part of the equation. Record low interest rates for 30 years, deregulation of financial industries starting with Reagan, added to by Clinton, and Bush, and the ridiculous spending both parties are guilty of are probably the lion's share of the problem in sum.
Interest rates should have been left @ 5% back in 2008... but everyone makes so much money with low interest borrowing it made it look like GDP was climbing like crazy, even though everyone was just pushing paper around and not actually making or selling anything. This country has a deep problem and it's that we align ourselves with these blue/red crooks claiming to have our best interest at heart. It's worrying, and without another fluke like an FDR, this country may have peaked. I wouldn't give a shit except that my kids are going to have to live with what these assholes in Washington are getting away with.