schex is incapable of comprehending your post, let alone being able to respond to it
edit: like I said....
what a fkn moron
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Biden Inflation Explosion
- Thread starter GromsDad
- Start date
edit: like I said....
ain't capitalism grand?!
thehill.com
Federal Reserve economists have made similar arguments to Weber and Wasner themselves, noting that markups grew by 3.4 percent over 2021 while PCE inflation was 5.8 percent, implying that markups could “account for more than half of inflation” during that year.
“Such high markup growth is especially striking given that markup growth contributed almost nothing to inflation in the decade leading up to the COVID-19 pandemic,” Kansas City Fed researchers wrote in a theory-heavy paper.
While the Fed researchers admitted the causal effect of profits on inflation, they concluded that the boosted markups were more likely associated with anticipated cost increases rather than an increase in monopoly power.
But the new report on the grocery business from the FTC offers a different picture, one that displays concentrated downstream retail power flexing its muscles over the supply chains to boost margins.
The report notes that the grocery sector has undergone “significant consolidation over time,” with the four biggest companies accounting for more than 30 percent of the sales in 2019, as compared to half of that 30 years earlier.
Additionally, it calls out big grocery retailers for implementing “policies that imposed strict delivery requirements on their upstream suppliers and threatened fines for noncompliance. Walmart even tightened the delivery requirements its suppliers had to meet to avoid fines as the pandemic went on.”
FTC calls out profits as a driver of grocery prices
A new Biden administration report is raising questions about the cause of rising food prices, which have squeezed U.S. households for years after COVID-19 recession. Profits and inflation surged to…
thehill.com
Federal Reserve economists have made similar arguments to Weber and Wasner themselves, noting that markups grew by 3.4 percent over 2021 while PCE inflation was 5.8 percent, implying that markups could “account for more than half of inflation” during that year.
“Such high markup growth is especially striking given that markup growth contributed almost nothing to inflation in the decade leading up to the COVID-19 pandemic,” Kansas City Fed researchers wrote in a theory-heavy paper.
While the Fed researchers admitted the causal effect of profits on inflation, they concluded that the boosted markups were more likely associated with anticipated cost increases rather than an increase in monopoly power.
But the new report on the grocery business from the FTC offers a different picture, one that displays concentrated downstream retail power flexing its muscles over the supply chains to boost margins.
The report notes that the grocery sector has undergone “significant consolidation over time,” with the four biggest companies accounting for more than 30 percent of the sales in 2019, as compared to half of that 30 years earlier.
Additionally, it calls out big grocery retailers for implementing “policies that imposed strict delivery requirements on their upstream suppliers and threatened fines for noncompliance. Walmart even tightened the delivery requirements its suppliers had to meet to avoid fines as the pandemic went on.”
No way, it is all the fault of poor people buying Kobe beef and Dom Perignon on EBT cards!ain't capitalism grand?!
FTC calls out profits as a driver of grocery prices
A new Biden administration report is raising questions about the cause of rising food prices, which have squeezed U.S. households for years after COVID-19 recession. Profits and inflation surged to…
Federal Reserve economists have made similar arguments to Weber and Wasner themselves, noting that markups grew by 3.4 percent over 2021 while PCE inflation was 5.8 percent, implying that markups could “account for more than half of inflation” during that year.
“Such high markup growth is especially striking given that markup growth contributed almost nothing to inflation in the decade leading up to the COVID-19 pandemic,” Kansas City Fed researchers wrote in a theory-heavy paper.
While the Fed researchers admitted the causal effect of profits on inflation, they concluded that the boosted markups were more likely associated with anticipated cost increases rather than an increase in monopoly power.
But the new report on the grocery business from the FTC offers a different picture, one that displays concentrated downstream retail power flexing its muscles over the supply chains to boost margins.
The report notes that the grocery sector has undergone “significant consolidation over time,” with the four biggest companies accounting for more than 30 percent of the sales in 2019, as compared to half of that 30 years earlier.
Additionally, it calls out big grocery retailers for implementing “policies that imposed strict delivery requirements on their upstream suppliers and threatened fines for noncompliance. Walmart even tightened the delivery requirements its suppliers had to meet to avoid fines as the pandemic went on.”
The punch down kiss up mentality is one of the worst things about America.
In these 22 states, you need a six-figure income to afford a typical home, analysis finds
I thought you didn't quote CNN
And you do realize that, with a lower cost of living, comes a lower median income, right?
I purposely quote CNN and MSNBC whenever possible for this forum.
Trump is at least equally responsible for this. He pushed through the first round of free Trillions and pressured the Fed to keep rates low to juice the economy.
Many are responsible. My wife and I paid off her collage loan and bought a house within walking distance of the ocean two and a half years out of college in 1995 and our combined income at the time was probably $60K. Today in my state you'd need an income of $152k just to afford a basic house and to buy anywhere in my town you'd probably have to be over $250k. I don't know how young people today will afford home ownership.
but also
maybe if so many piney inlanders didn’t buy houses by the beach there would be less demand for real estate.
San Diego it’s roughly $250k per year to afford the median home. Thats not nice coastal SD, it’s all of SD.
In my town the lowest priced single family home on the market right now is $829,000. If you go across the bridge heading inland you can get a fixer upper for $469,000 with annual property taxes of over $7,000.
How could anyone actually be surprised?
Dow drops nearly 500 points after a surprisingly bad inflation report
Dow drops nearly 500 points after a surprisingly bad inflation report
anyone with 2 eyes and a pocketbook knew all along. just take a look at. some of the things that went up like 100 percent when they were no shortages of that spwcific product or the ingrediants to make them.