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Biden Inflation Explosion

Will the erBB Leftists deny it is happening or will they embrace inflation as an awesome thing?

  • Deny Inflation Is Happening

  • Claim Inflation Is Good

Results are only viewable after voting.
GromsDad

GromsDad

Duke status
Jan 21, 2014
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Last edited:
hal9000

hal9000

Duke status
Jan 30, 2016
56,281
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Urbana, Illinois
GromsDad said:
The use of the word "Markup" is very interesting.

What is the proper markup above landed cost for a product?
When a business marks up the product, where does the money from the markup go?
If operating expenses rise do "markups" need to rise in order to stay in business particularly if supply or volume aren't or can't increase?
Click to expand...
you really don't pay much attention to business news, do you?
 
GromsDad

GromsDad

Duke status
Jan 21, 2014
54,756
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West of the Atlantic. East of the ICW.
Hopefully after dealing with hal's attempt to divert the thread we can get some answers to what I asked earlier.


The use of the word "Markup" is very interesting.

What is the proper markup above landed cost for a product?
When a business marks up the product, where does the money from the markup go?
If operating expenses rise do "markups" need to rise in order to stay in business particularly if supply or volume aren't or can't increase?
 
afoaf

afoaf

Duke status
Jun 25, 2008
49,591
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GromsDad said:
The use of the word "Markup" is very interesting.

What is the proper markup above landed cost for a product?
When a business marks up the product, where does the money from the markup go?
If operating expenses rise do "markups" need to rise in order to stay in business particularly if supply or volume aren't or can't increase?
Click to expand...
I don't have a problem with markups

someone could always come in and beat out the competition on price so there should always be downward pressure

consolidation in some industries and, in the case of petroleum products, limited sources, reduces that downward pressure...especially with something like OPEC which is a quasi-cartel

this is where the problem lies
 
hammies

hammies

Duke status
Apr 8, 2006
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Wait until BP, Shell, and Exxon release their earnings numbers next week.

I predict record profits once again, attributed to "...continued pricing strength in the retail products sector, combined with falling cost of crude and relatively fixed production and distribution costs..."

That's business-speak for "We're ripping the consumers off and laughing all the way to the bank!"
 
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GromsDad

GromsDad

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Jan 21, 2014
54,756
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West of the Atlantic. East of the ICW.
A rare moment of honesty from a Democrat. On MSNBC yesterday James Clyburn in a rare moment of honesty from a democrat stated the following:

“Well, let me make it very clear, all of us are concerned about these rising costs. And all of us (meaning the democrats) knew this would be the case when we put in place this recovery program. Any time you put more money into the economy, prices tend to rise.

You democrats own the Biden Inflation Explosion.
 
S

StuAzole

Duke status
Jan 22, 2016
28,515
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GromsDad said:
A rare moment of honesty from a Democrat. On MSNBC yesterday James Clyburn in a rare moment of honesty from a democrat stated the following:

“Well, let me make it very clear, all of us are concerned about these rising costs. And all of us (meaning the democrats) knew this would be the case when we put in place this recovery program. Any time you put more money into the economy, prices tend to rise.

You democrats own the Biden Inflation Explosion.
Click to expand...
Lol.

So Trump’s stimulus didn’t do the same thing?

It’s been said here that Biden’s stimulus was a mistake. It’s hardly “the” cause of worldwide inflation.
Lol.
 
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hammies

hammies

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Apr 8, 2006
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It's funny how so many people blame Biden's stimulus as the only reason, or even the main reason, that worldwide inflation is upon us, mostly because these people don't like Biden. Gross oversimplification designed to fit onto a certain political worldview.

Global inflation is caused by so many things, including:
- Robust post-covid demand
- Monetary stimulus among virtually all first-world economies goosing that demand
- Global supply chains unable to keep up with all that demand
- Energy supply disruptions caused by Putin's invasion of Ukraine
 
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S

StuAzole

Duke status
Jan 22, 2016
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hammies said:
It's funny how so many people blame Biden's stimulus as the only reason, or even the main reason, that worldwide inflation is upon us, mostly because these people don't like Biden. Gross oversimplification designed to fit onto a certain political worldview.

Global inflation is caused by so many things, including:
- Robust post-covid demand
- Monetary stimulus among virtually all first-world economies goosing that demand
- Global supply chains unable to keep up with all that demand
- Energy supply disruptions caused by Putin's invasion of Ukraine
Click to expand...
Grossbad thinks Biden's stimulus started inflation. Even though inflation started before Biden's stimulus was put into place. And even though he blames it on Biden's oil policies. And even though Trump put way more stimulus into the market. ItS aLl BiDeNs FaUlT!

Derp.
 
Hump

Hump

Phil Edwards status
Jan 10, 2002
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Vancouver Island
hammies said:
Wait until BP, Shell, and Exxon release their earnings numbers next week.

I predict record profits once again, attributed to "...continued pricing strength in the retail products sector, combined with falling cost of crude and relatively fixed production and distribution costs..."

That's business-speak for "We're ripping the consumers off and laughing all the way to the bank!"
Click to expand...
InflationDefinition.jpg







Take care.
 
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