Re:The problem isn't inflation. It's prices. What goes up ma...
by sokoloff on Wednesday November 08, 2023 @12:26PM
(#38193755)
In any inflationary environment, corporate profits should be expected to regularly break records (in nominal terms) just like GDP should be expected to regularly break records.
Re:The problem isn't inflation. It's prices. What goes up ma...
by piva00 on Wednesday November 08, 2023 @12:51PM
(#38194156)
Break nominal records, yes, not to break record margins.
Re:The problem isn't inflation. It's prices. What goes up ma...
by sokoloff on Wednesday November 08, 2023 @01:12PM
(#38194464)
Corporate profit margins are in the range which has been typical since the recovery from the 2007 GFC.
https://www.gurufocus.com/economic_indicators/62/corporate-p...
They're not currently breaking records and they jumped into this range during a period of notoriously low inflation (by historical and absolute measures).
Re:The problem isn't inflation. It's prices. What goes up ma...
by bryanlarsen on Wednesday November 08, 2023 @12:31PM
(#38193850)
Salaries basically only increase 2 ways: job hopping and unions.
The bottom 10% are doing a lot of job hopping these days.
One way this could happen is if salaries increased to match the new prices over time. The issue is that we are not seeing that happening, prices are increasing much faster than salaries, while corporate profits break records.
The money is flowing upwards, at some point people will get very fed up with that...