tag:blogger.com,1999:blog-6616959642391988608.post8410612838347997252..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Corporate profits are impressive!Scott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-6616959642391988608.post-63653173755560730082021-08-30T16:21:21.462-07:002021-08-30T16:21:21.462-07:00"Corporate profits are impressive!"
You..."Corporate profits are impressive!"<br /><br />You know what else is impressive? THIS BLOG! Thanks Mr. Grannis.Chris_in_NJhttps://www.blogger.com/profile/01882159035633041622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-12697776692527898322021-08-29T19:06:29.824-07:002021-08-29T19:06:29.824-07:00wkevinw said:
Note- I lived in that part of the w...wkevinw said:<br /><br /><b>Note- I lived in that part of the world for several years, and understand it maybe better than our beloved POTUS, in fact.</b><br /><br />That part of the world was my sub-specialty in the military; had I chosen to do so, I could have been designated a Foreign Area Officer (FAO) for the region. And having spent 23 years on active duty, I dare say I may understand it a Rick Joneshttps://www.blogger.com/profile/07007621082678493913noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-554196009749052802021-08-29T18:46:46.517-07:002021-08-29T18:46:46.517-07:00"The upshot is similar to how the Black Plagu..."The upshot is similar to how the Black Plague empowered the peasants could the Sars-Covid empower the working class?"<br />This is quite a controversial topic actually. Excess mortality then was incredibly high and this had mixed effects on both demand and supply. There seemed to be a period of 'good' deflation followed by high inflation with real wages not making great Carlhttps://www.blogger.com/profile/01792779708580094262noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-69134839721750919512021-08-29T12:18:33.278-07:002021-08-29T12:18:33.278-07:00"If there's a silver lining to the Covid ..."If there's a silver lining to the Covid cloud, it is here, in the form of a spectacular increase in the economy's productivity. And with many of those 6 million idle workers likely to be snapped up by desperate employers starting next month (when super-generous unemployment benefits expire), the economy has plenty of room to expand in coming quarters."<br /><br />Per the SF FEDFDRhttps://www.blogger.com/profile/07742424211425729546noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-70475043454029953532021-08-29T09:46:33.270-07:002021-08-29T09:46:33.270-07:00"Do you seriously think that Joe Biden told t..."Do you seriously think that Joe Biden told the SecDef and Chairman to do that stuff? Do you seriously think that that's how it works? If you do, then you shouldn't be trying to call out anyone else for lack of military competence."<br /><br />"How Biden’s team overrode the brass on Afghanistan" https://www.politico.com/news/2021/04/14/wkevinwhttps://www.blogger.com/profile/17600473578823788550noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-1938130779962728662021-08-29T04:59:19.153-07:002021-08-29T04:59:19.153-07:00Pushback on the corporate-profits aspects
In 1999,...Pushback on the corporate-profits aspects<br />In 1999, in a rare comment about the general valuation levels, Mr. Buffett had suggested that expectations of persistently higher corporate profits (as a percentage of the total economic pie) came with certain (divisive) risks. He's been partially wrong so far, no doubt in large part due to the unprecedented public debt meteoric rise used as a Carlhttps://www.blogger.com/profile/01792779708580094262noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-54060652643058416772021-08-28T21:11:37.550-07:002021-08-28T21:11:37.550-07:00randy said:
The problem I have with that take tho...randy said:<br /><br /><b>The problem I have with that take though is unwillingness to acknowledge how badly the Biden administration appears to be managing - and not just in the pullout.</b><br /><br />First of all, your operative word is <i>appears</i>. If you haven't read Herodtus's <i>Histories</i>, you should do so, and focus on the story of Solon and Croesus. This story is not over Rick Joneshttps://www.blogger.com/profile/07007621082678493913noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-13694166314209118172021-08-28T20:58:23.826-07:002021-08-28T20:58:23.826-07:00wkevinw said:
It was Biden's decision, and la...wkevinw said:<br /><br /><b>It was Biden's decision, and lack of military competence that caused the problem.</b><br /><br /><b>Nowhere in there does it say things like:<br />1. Air bases must be surrendered<br />2. Armed forces leave before civilians</b><br /><br />Do you seriously think that Joe Biden told the SecDef and Chairman to do that stuff? Do you seriously think that that's how Rick Joneshttps://www.blogger.com/profile/07007621082678493913noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-27532636939629582182021-08-28T07:08:24.401-07:002021-08-28T07:08:24.401-07:00Rick, fair points about Trump. The problem I have...Rick, fair points about Trump. The problem I have with that take though is unwillingness to acknowledge how badly the Biden administration appears to be managing - and not just in the pullout. The unbridled joy and confidence with which the intelligentsia and media welcomed the Biden administration was semi-nauseating. News reporters openly weeping that finally adults were back in charge. randyhttps://www.blogger.com/profile/16368254229927808998noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-15731502088291327892021-08-28T06:50:30.287-07:002021-08-28T06:50:30.287-07:00"It was Trump who reduced troop strength in A..."It was Trump who reduced troop strength in Afghanistan from 15,000 to 2,500.<br />* It was Trump who negotiated a peace deal with the Taliban--agreeing to get U.S. forces out of the country by May 2021--and excluded the Afghan government from those talks."<br /><br />The Trump agreement is conditional. The second two points of the agreement were broken, and Biden had all authority wkevinwhttps://www.blogger.com/profile/17600473578823788550noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-77313973414804493932021-08-28T06:23:05.422-07:002021-08-28T06:23:05.422-07:00>"So if there's a silver lining to the...><i>"So if there's a silver lining to the Afghanistan cloud, it can be found in the recent and precipitous drop in Biden's popularity, thanks to his abrupt decision to surrender to the Taliban."</i><br /><br />For the record, Biden is just following through on the shit sandwich that Donald Trump left him. <br /><br />* It was Trump who reduced troop strength in Afghanistan Rick Joneshttps://www.blogger.com/profile/07007621082678493913noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-27851056483175039962021-08-28T04:17:25.279-07:002021-08-28T04:17:25.279-07:00Agree with Skydude...I didn't magically find e...Agree with Skydude...I didn't magically find extra cash lying around my house that I "had" to spend. Did any of you? Someone must have. Please explain how monetary policy alone can cause inflation. Believe it or not, I learned MV=PY. I just don't see how it works from my own little view out the window.PJHaydenhttps://www.blogger.com/profile/06227198136407979596noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-40666328592676465052021-08-27T17:41:59.450-07:002021-08-27T17:41:59.450-07:00Kudos to Scott Grannis once again and especially f...Kudos to Scott Grannis once again and especially for his observations regarding corporate profits.<br /><br />These are the good old days when it comes to corporate profits.<br /><br />So much doom-saying out there, but this simple fact should be remembered and also that large private corporations are the only big organizations that operate efficiently.<br /><br /><br /><br />Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-48068284002288208052021-08-27T14:22:54.278-07:002021-08-27T14:22:54.278-07:00The inflation we have recently seen has been drive...The inflation we have recently seen has been driven by temporary declines in productivity. A lot of factories and industries were idled during Covid resulting in decreased output. A lot of unemployed workers have been paid more to stay home than work. This has manifested itself in inflation seen in prices from barbers to computers to cars, etcetera. Monetary policies do not by themselves create skydudehttps://www.blogger.com/profile/13539912908412758893noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-67135034362021037862021-08-27T08:23:12.151-07:002021-08-27T08:23:12.151-07:00I'm wondering how much of the growth in profit...I'm wondering how much of the growth in profits is due to a loss of competition from small "mom and pop" operations due to covid? Corps. were much better able financially to weather that storm, no?pgrommithttps://www.blogger.com/profile/16824910240225435110noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-31082787622461452222021-08-27T01:51:00.428-07:002021-08-27T01:51:00.428-07:00Chart #7 is absolutely fascinating. So many quest...Chart #7 is absolutely fascinating. So many questions.<br /><br />The U.S. share of global GDP actually dropped substantially, all while corporate profits maintained the same level. In 1960 it was about 40% (!!!) while now it's around 24%. <- this, by itself, is the the reason for de-globalization and plenty and foreign policy. The share shrinks but the cost is still the same, and even Royhttps://www.blogger.com/profile/09325498485905547125noreply@blogger.com