Core US Inflation Climbs to Highest Since 1982, hitting Americans hard as grocery, gas prices keep climbing

[beijingwalker]

Core US Inflation Climbs to Highest Since 1982​

Inflation is killing us: Home Depot co-founder​

 

[tman786]

10.1% inflation in UK but reality is that it's closer to 20%.

Since the Ukraine war started, UK and USA are twisting the numbers and changing definitions of what a recession is.

 

[beijingwalker]

Inflation hitting Americans hard as grocery, gas prices keep climbing​

 

[SaadH]

Corporate profits are at record high. 60% of the inflation is due to corporate greed. Hyper corporatism will lead to the demise of the US economy, unless radical FDR style reforms are put in place.

 

[VCheng]

60% of the inflation is due to corporate greed.

Could you please tell us about the data that goes into creating that declaration? Thanks.

 

[SaadH]

Could you please tell us about the data that goes into creating that declaration? Thanks.

Why? Are you questioning the number or you don't believe corporate greed is a factor here or ever been?

 

[VCheng]

Why? Are you questioning the number or you don't believe corporate greed is a factor here or ever been?

It is just that 60% is quite a precise number, meaning that claim should have some scientific methodology behind it Otherwise, it is mere hot air meant to be peddled by the gullible and the ignorant, and judging by your response, that is likely. After all, corporations owe their duties to their stockholders. Coupled with market forces, that is how the system works, imperfect as it is, but still far better than anything else. Trying to meddle with it, even with the best of intentions, does not work as socialist advocates try to portray.

 

[SaadH]

It is just that 60% is quite a precise number, meaning that claim should have some scientific methodology behind it Otherwise, it is mere hot air meant to be peddled by the gullible and the ignorant, and judging by your response, that is likely. After all, corporations owe their duties to their stockholders. Coupled with market forces, that is how the system works, imperfect as it is, but still far better than anything else. Trying to meddle with it, even with the best of intentions, does not work as socialist advocates try to portray.

You have a very high opinion of yourself for some odd reason...not sure what's the basis of such delusions, but it seems like your delusions have given you a rather comical view of the world. Or it could be a contrite effort to play the contrarian role, which you frankly suck at and mostly come across as a bona fide idiot.

BTW, just you indulge your idiocacy, here is where the "precise" number is coming from...

 

[VCheng]

You have a very high opinion of yourself for some odd reason...not sure what's the basis of such delusions, but it seems like your delusions have given you a rather comical view of the world.

LOL. There is no "I" in my entire post, nor is there any delusion, but mere provable facts. If you think otherwise, please point them out, otherwise we are done here. Capitalism will flourish just fine without your juvenile angst.

As to your chart, that is one analyst's opinion, without any mention of just how his/her/it arrived at said conclusions. As expected.

This is the actual Table 1.1.5:

2023, Table 1.1.5. Gross Domestic Product: Annual | FRED | St. Louis Fed

Release Table for 2023, Table 1.1.5. Gross Domestic Product: Annual. FRED: Download, graph, and track economic data.

fred.stlouisfed.org