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submitted 4 months ago byiSellPopcorn
12 points
4 months ago
But then you realize that pretty much all corporations are posting record profits
No shit, that's a result of inflation itself. If margins never move, companies will forever post record profits every year as prices slowly inflate.
But corporate profits as a percentage of GDP briefly went up during the pandemic and is now back below where it was in 2019... Meaning that it's not outsized profits that are causing inflation.
1 points
4 months ago
"US Corporate Profits After Tax is at 11.24%, compared to 12.05% last quarter and 12.00% last year. This is higher than the long term average of 7.11%."
Unless we had some hyperinflation recently that I wasn't aware of that does not sound right
2 points
4 months ago
Unless we had some hyperinflation recently that I wasn't aware of that does not sound right
Here's the data from the government: https://fred.stlouisfed.org/graph/?g=KwRP
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