At some point we gonna have to address these grocery prices

[Magic Mulatto]

I eat dirt and drink rainwater…

 

[jilla82]

Your post is disingenuous.

Your article says profits fell 16% from previous quarter (holiday season was previous quarter, plus before massive lay offs nationwide, mainly tech layoffs).

But the previous quarter/year were all time highs, so profits being 16% down from all time highs is still an incredible number. Not every quarter in any business is going to have continued growth.

Let me break it down in sport’s terminology

If a baseball player usually hits 20 home runs a season, then 5 seasons in, he hits 55 home runs (all time high) then his 6th season “only” hits 42 home runs (profits fell from all time high), its still an incredible season and better than his average.

they raised prices to combat their higher expenses.
they made more money because more people were eating at home...
...their profits went down because inflation went past a point where they could keep increasing.

blaming inflation on corporations when the government has been creating money out of thin air since the Obama admin is disingenuous

 

[jilla82]

The newly printed money went to the corporations. Individuals got about 1/5 of the newly printed money.

https://www.washingtonpost.com/graphics/2020/business/coronavirus-bailout-spending/

Thats the point you and the other bootlickers are carefully trying to sidestep. This isn't even the first time, the precedent was set over a decade ago. Billionaires and corporations get into trouble, Fed prints money to bail them out and you're left to foot the bill for inflation

you think youre not proving my point but you are.
I suggest you learn how and why this all started in 2009...
...as well as learn how the financial system works

reading articles that point you in a certain direction does nothing but make you a lemming for the government.

not defending corporations...
...but if you think government isnt at fault youre being tricked.

its a con game by both gov and corporations

 

[itsyoung!!]

...their profits went down because inflation went past a point where they could keep increasing.

Their profits, while down compared to previous quarter, would still be record profits compared to previous years, which you seem to be misunderstanding.

This previous quarter 2 of the 3 months were January and February, traditionally slower consumer months for all businesses.

So yes, id imagine record profits, are down, from their record high, during the 2 slowest consumer months of the year.

Their fiscal year ends in May, when they report high profits for the year, despite a wounded economy and inflation, what will be your excuse then?

 

[Kenny West]

you think youre not proving my point but you are.
I suggest you learn how and why this all started in 2009...
...as well as learn how the financial system works

reading articles that point you in a certain direction does nothing but make you a lemming for the government.

not defending corporations...
...but if you think government isnt at fault youre being tricked.

its a con game by both gov and corporations

You think you're making a smart point on big gov but this is just roundabout bootlicking.

The government takes marching orders from the corporations. You think this libertarian lite attitude is the answer. However all that deregulation shyt just empowers the corporations directly instead of the indirect soft power they already use via lobbying. Republicans love it because they can convince their dumbass followers they're sticking it to the gov just while making their lobbyists rich.

That was the Trump era in a nutshell. Yelling "less government" while bankrolling corporations at the public's expense, empowering them with deregulation and removal consumer protections placed by the government under Obama. All so they can collect record profits while leaving black communties with poisoned water.

I know why this shyt happened in 2008/09, the financial sector got fat and greedy with their gambling & fukked up the global economy. The government bailed them out at the expense of their own reputation and of course the public who had to eat the cost of the recession and inflation.

The only difference now is the public is much more educated on these matters so we can shout down all the tools who want to blame stimulus checks and the obvious republican party shills who want you to forget Jerome Powell was appointed during Trump.

 

[Gritsngravy]

thats my point.
gov intervention causes issues but people ignore that to blame corporations

neither are innocent but a certain demographic likes to ignore what their elected (and non elected) do to cause harm.

everyone on here wants more gov programs and looks the other way when they create problems

What gov intervention and programs are you talking about

Corporations sign off on the gov shyt so now they victims

 

[Gritsngravy]

Well if this is an honest question, all of the massive quantitative easing since the GFC massively increased the money supply to the benefit of anyone holding securities during those years. Myself included. One of the most fukked up things though is because of how it all works, those benefits impact the wealthy the most, and trickle down to no benefit at all by the time it reaches the lower middle and lower class.

So rich get richer. You cheered for it depending on how much you benefited from it (usually). Your IRA and 401k was booming for those years, but that doesn't mean shyt to families struggling that don't actually have 401ks and IRA and whatnot. They just got fukked basically.

Edit: To add, we have seen both Republican and Democratic leadership during that long tenure. So its relatively difficult to try and say one isn't responsible. However context does matter, QE ramped to infinity to help heal the wounds caused by that insane 2008 worldwide financial crisis.

So mostly wealthy people benefited

 

[Dave24]

ya'll need to start shopping at aldi's where u get WAAAYYYYY more bang for your buck.

Not everyone has an Aldi's where they live

 

[PCHMalibu]

But isn't that burning gas? Seems like it would even out just shopping at one store.

you gotta know how to shop OP,

never spend all your money in one place, I have 4+ stores I go to for different needs.

 

[RadaMillz]

But isn't that burning gas? Seems like it would even out just shopping at one store.

It’s worth it, I can stretch that $200 of grocery for weeks. I’d rather do all my store runs on one day and not have to worry about running out on anything until my next shopping day.

I can take that same $200 to safeway around the corner and walk out knowing I’ll be empty in several days.

 

[beenz]

Not everyone has an Aldi's where they live

 

[AAKing23]

If you know how to shop you can still get around it but yeah the prices of chips, eggs and strangely french fries has blown my mind, them shyts are luxuries now.

 

[AAKing23]

Also it’s getting to the point where eating out isn’t that much more expensive as going grocery shopping anymore

 

[Phantum]

Grocery bill about 2gs flat


No need to worry, my accountant handles that





6 cert gang is suspicious of sales. Full price on everything

 

[BuckFilly]

y'all better cop that cost membership