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So it's not the fault of labor costs, materials costs, transportation costs, climate change, Amazon, Biden, Trump, Elon Musk, Obama, Reagan, your mother, my mother, the dog next door or anything else that is to blame for inflated prices.
It's GOUGING what these greedy companies have been doing to us. And they are laughing all the way to the bank.
What you are basically describing is an inflationary market. I don’t think it’s all companies necessarily gouging on purpose as much as it is the market with limited supply and huge demand has allowed companies to increase prices. The problem is they have realized they can get away with it and our government is not doing anything to help solve the problem (more spending makes it worse).
Companies better be careful as this is a house of cards that will fall down eventually. Consumers only have so much money and will only pay for so long before they stop spending and the markets crash. These companies better get their supply lines working better before that happens so they can go to a model that emphasizes quantity over profit per item. If they don’t we are going to see an economic crash like we may have never seen before.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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Quote:
Originally Posted by Kristinas_Cap
how a company structures it’s organization to turn a profit is their business. after all, they have to please the shareholders. its always been that way. if a company can’t perform, they go under. who wins when that happens?
As long as we continue to buy their products, they will charge what they want, that's how to meet their goal, maximize the profit while you can, and it's the requirements of their shareholders. Many of those complaining are in fact their shareholders, whether you know it or not. Any investments in various retirement accounts and funds include some of these companies that are gouging us.
how a company structures it’s organization to turn a profit is their business. after all, they have to please the shareholders. its always been that way. if a company can’t perform, they go under. who wins when that happens?
The ones doing the gouging?
You're dreaming if you think that the consequences of a company going under is borne by the capitalist. Win or lose, they can win big either way.
I'm sure you know that. Apparently, you think that it's worse to be free of economic slavery.
As long as we continue to buy their products, they will charge what they want, that's how to meet their goal, maximize the profit while you can, and it's the requirements of their shareholders. Many of those complaining are in fact their shareholders, whether you know it or not. Any investments in various retirement accounts and funds include some of these companies that are gouging us.
This is what I have said for months now. Until our demand subsides, there is no incentive to curb prices.
That's why gas is going down, Americans are pulling back on demand.
I suspect the big price increases in July will show a drop in sales for August and that may bring on some reduction in prices.
Having said that, Target's loss of profits is being attributed to the excessive inventory they had on hand and the discounts they applied to move that inventory.
Covid and supply chain disruptions really did turn the economy upside down.
LOL.. gouging, nothing to do with Biden printing trillions of dollars, or that 25% of the US money has been printed under Biden.
Democrats really think the public is as a dumb as their base.
I keep saying that democrats don’t understand basic economics and this thread is more proof of that. The OP literally just described an inflationary market. There are things they could do to help and they are doing some things, but other things they are not doing because of their ideology. It’s ideology before the health of the economy.
So it's not the fault of labor costs, materials costs, transportation costs, climate change, Amazon, Biden, Trump, Elon Musk, Obama, Reagan, your mother, my mother, the dog next door or anything else that is to blame for inflated prices.
It's GOUGING what these greedy companies have been doing to us. And they are laughing all the way to the bank.
So one quarter proves gouging despite most of the other quarters being in-line with prior years?
And that fully explains the inflation of the past year or more?
You make no logical case to support that there hasn't been other factors and just assign it all to corporations price gouging solely based on what appears to be zero analytics and 100% emotion.
The opening sentence "A (meaning one of many) measure of US profit margins..."
Then you didn't read the fine print in the article which is exactly what was intended in this click-bait type situation.
Because of the expectation of inflation, companies have all the pricing power in their hands. This is why we need a recession because only through lowering demand will prices potentially stop rising or even come down. But Americans have saved a whole bunch from being home for 2 years so I don't see this happening anytime soon.
This is what I have said for months now. Until our demand subsides, there is no incentive to curb prices.
That's why gas is going down, Americans are pulling back on demand.
I suspect the big price increases in July will show a drop in sales for August and that may bring on some reduction in prices.
Having said that, Target's loss of profits is being attributed to the excessive inventory they had on hand and the discounts they applied to move that inventory.
Covid and supply chain disruptions really did turn the economy upside down.
This is pretty much it. Wow, we agree on something moneill. Is the world ending? JK
Because of the expectation of inflation, companies have all the pricing power in their hands. This is why we need a recession because only through lowering demand will prices potentially stop rising or even come down. But Americans have saved a whole bunch from being home for 2 years so I don't see this happening anytime soon.
We are in a recession. The problem is the government printed so much money, its lost 20% of its value under Biden. Student loan debt wipeoff will add even more to this.
So one quarter proves gouging despite most of the other quarters being in-line with prior years?
Then you didn't read the fine print in the article which is exactly what was intended in this click-bait type situation.
This. Far too many just read headlines and don’t go beyond or actually engage their brains to think about said topic. People on all political persuasions do this but among the left this is pervasive. This is why all of the leftist news outlets write headlines like that. Not only do they get clicks but they brainwash their audience with their mistruths and lies. The media today stinks like a heaping pile of horse crap.
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JK
