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Biden’s economy
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Anonymous
See all those record wall street profits by the oil companies and grocery stores? THAT is your inflation. |
Anonymous
Company profits have gone up because of inflation. So with record inflation, we tend to get record profits. But earnings must be measured in relation to something else--number of shares outstanding. Earnings per share are the real measure of whether true profitability has gone up. And you have to inflation adjust the EPS. Below are the EPS for Ahold, the company that owns Giant and Food Lion. Number in parentheses are in 2023 dollars to adjust for inflation. EPS in 2023 was higher than 2019 and 2020 in both nominal and inflation adjusted terms, but markedly lower than 2021 and 2022. Neither 2022 nor 2023 were record profit years in terms of EPS for Ahold, although 2021 was. And there were plenty of more successful stock buys one could have bought at the end of 2019, when Ahold's price was $24.84 ($30.15 in today's dollars). Today it closed at $29.44. Not exactly the stuff of a Wall Street darling. Ahold EPS for the twelve months ending September 30, 2023 was $2.42, a 4.88% decline year-over-year. Ahold 2022 annual EPS was $2.68, ($2.79) a 4.25% increase from 2021. Ahold 2021 annual EPS was $2.57 ($2.89), a 72.86% increase from 2020. Ahold 2020 annual EPS was $1.49 ($1.75), a 16.62% decline from 2019, when they were $1.74 ($2.03) |
Anonymous
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They jacked up the prices because of "COVID" and "supply chains." The companies responded by the whole shrinkflation thing while people like you call it inflation.
Yes there are higher prices. Look at the root cause. It has nothing to do with Biden. It is ridiculous. |
Anonymous
the two pieces of legislation he passed, inflation reduction and other one added significantly to an already inflation problem. dont listen to me, listen to economist that will verify this. why is the market still going up in the face of high rates???? money is still in the system that shouldn't be there. market keeps getting pumped up. |
Anonymous
Anonymous
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https://www.jec.senate.gov/public/index.cfm/republicans/state-inflation-tracker
very simple, hover over the DMV and see what's happening to us. As DCUM loves to do, blow this off and pretend its not true and keep hating on the republicans. |
Anonymous
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Low unemployment anyone??? economist are warning that the biggest states are already over 4% unemployment..
State: Rate: Rank Michigan 4.0 35 New Mexico 4.0 35 Delaware 4.1 37 Louisiana 4.1 37 Oregon 4.1 37 Arizona 4.2 40 Kentucky 4.3 41 West Virginia 4.3 41 Connecticut 4.4 43 New York 4.5 44 Alaska 4.6 45 Washington 4.6 45 Illinois 4.7 47 New Jersey 4.8 48 District of Columbia 5.0 49 California 5.2 50 Nevada 5.3 51 |
Anonymous
Now you are complaining that the longest stretch of sub 4% unemployment in over 50 years is not good enough? I think we are at 25 months now, the all time record is 27 months in the late 1960s. Only 2 states above 5%. What you are posting as bad numbers are actually pretty impressive historically. |
Anonymous
| How much of this "new unemployment" is retiring boomers who are leaving the workforce? |
Anonymous
Business startups booming. |
Anonymous
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Anonymous
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Anonymous
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The Biden CHIPS Act paying off big time.
Intel (INTC.O), is planning a $100 billion spending spree across four U.S. states to build and expand factories. The centerpiece of Intel's five-year spending plan is turning empty fields near Columbus, Ohio, into what CEO Pat Gelsinger described to reporters on Tuesday as "the largest AI chip manufacturing site in the world" starting as soon as 2027. https://www.reuters.com/technology/intel-prepares-100-bln-spending-spree-across-four-us-states-2024-03-20/ |
Anonymous
I want to scroll back and find the pp who said this was bad. 
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